Creativity and Innovation Are Separate Concepts, and It Is True

question 9

Multiple Choice

Creativity and innovation are separate concepts, and it is true to say that:

• A) Creativity underpins innovation
• B) Innovation underpins creativity
• C) Creativity and innovation are symbiotic
• D) Innovation and creativity are sourced from different departments

Identify the importance of collaboration with suppliers and partners for sustainable development.

Understand how to avoid short-termism within a company for sustainable growth.

Comprehend the role of investors in promoting sustainability within companies.

Grasp the necessity of developing a shared language and understanding in collaborative sustainability efforts.

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Definitions:

Gap Analysis

A type of analysis that compares the differences between the consumer’s expectations about and experiences with a service based on dimensions of service quality.

Diversification Analysis

Diversification Analysis involves assessing the potential benefits and risks of expanding a company's range of products or markets as a strategy to reduce dependence on a single product or market.

Product Development

The process of bringing a new product or service to market, from ideation through design, manufacturing, and marketing.

Market Penetration

A metric showing the extent of purchases or uptake of a product or service against the total possible market for it.