Creativity: Linking Theory and Practice for Entrepreneurs

Duxbury, Tom

doi:10.22215/timreview/594

Cited by 19 publications

(21 citation statements)

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“…In line with other findings, Brown and Eisenhardt (1997) noted that such "semistructures", with few explicit rules over means of achieving goals, favoured improvisation. Control systems that reward initiative, effort, and risk taking without penalizing failed attempts are as essential to improvisation as they are to creative and innovative activities (Zhou & Shalley, 2007;Duxbury, 2012). Anecdotally, many entrepreneurs will recognize creativityfostering minimal structures during their "founding days"; the challenge is to maintain such structures during subsequent growth stages.…”

Section: Effective Improvisationsmentioning

confidence: 99%

Improvising Entrepreneurship

Duxbury

2014

Technology Innovation Management Review

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Section: Effective Improvisationsmentioning

confidence: 99%

Improvising Entrepreneurship

Duxbury

2014

Technology Innovation Management Review

Self Cite

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“…For example, McMullan and Kenworthy () observed that creativity in entrepreneurship can predict up to 50 per cent of financial performance variance, and may be considered a dominant factor of entrepreneurial success. Duxbury () argues that creativity is unique in entrepreneurial environments, that can often be described with fast‐changing competitive landscapes and growing or changing customer demands (Sood & Tellis, ; Utterback & Suarez, ), because not only must individuals come up with creative ideas but also demonstrate the capacity to create commercial value from these ideas (Duxbury, ). Creative production appears to be the driving force behind faster growing and more successful business ventures (e.g., Rauch & Frese, ; Zhao, Seibert, & Lumpkin, ).…”

Section: Introductionmentioning

confidence: 99%

Fostering creativity through critical thinking: The case of business start‐up simulations

2017

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Research suggests a positive link between critical thinking and creativity. However, this relationship has not been measured in an empirical study. This study aims to explore whether critical thinking can serve to enhance creativity and whether creativity positively mediates the relationship between critical thinking and business performance. In this study, we analyse these relationships within the entrepreneurial context of a web‐based business start‐up simulation. We examined data from 26 teams of three to four senior business students and found partial support for our hypotheses. Critical thinking positively influenced creativity, measured as the total number of unique product designs. Creativity (unique product designs) also positively mediated the link between critical thinking and performance. This effect, however, did not exist when creativity was assessed through advertisement designs. This research contributes to entrepreneurship and innovation management by demonstrating the importance of critical thinking as a basis for creativity and testing this relationship in a business start‐up simulation context.

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“…Recent times, everyone is talking about Industry 4.0, which is an association of physical resources and enhanced digitalization such as the Internet of Things (IoT), Artificial Intelligence (AI), robots, drones, autonomous driving, 3D printing, cloud technology, and others that are associated and have the skills to interact, analyze, and operate. Organizations that implement Industry 4.0 seem to be more adaptable, adaptive, and sophisticated, and hence better positioned to make bandwidth choices (Duxbury, 2012;Adolph et al, 2014;Bauer et al, 2015;Gerbert et al, 2015;Vyas, 2018;Dima, 2021; Industrial Revolution Industry 1.0 to Industry 4.0, 2021; see figure 2). Industry 4.0 is a concept introduced at a technology fair in Germany in 2011.…”

Section: Innovation Conceptmentioning

confidence: 99%

Industry 4.0 Perception Regarding to New Developments and New Trends of Industries

Erdil¹

2021

European Journal of Science and Technology

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The purpose of this research is to assess the core principles of Industry 4.0, its advantages, literature review, and effective implementation techniques. Searching for published publications may demonstrate recent developments of industries with big data of production system and technology. Industrialization is a catch-all term for a wide range of modern automated systems, data exchanges, and manufacturing technologies. This revolution is a set of ideals comprised of the internet of things, online services, and cyber-physical systems. While the Industry 4.0 model represents a revolution in every aspect, it also delivers numerous breakthroughs, transformations, and adjustments. This research examines the evolution, technical advances, and benefits of Industrial 4.0, gives a brief background to this configuration and its use in industry implementations, and emphasizes the key components influencing successfully businesses. Furthermore, it is underlined those organizational innovations are required for the industry 4.0 revolution in terms of product, process, and business advancements. As a result, a significant deal of innovation is necessary in many sectors before the industry 4.0 model can be implemented. In product, process, business, and operational terms, innovation refers to variety that creates additional value. To that end, the ideas of Industry 4.0 and innovation are described briefly, followed by an examination of innovation through the lens of Industrial 4.0, with illustrations and concepts provided. It is abundantly clear through publications that are being searched those sectors and industries are making use of big data in the production environment and information. This research reflects on the developments of framework-structure in the enviroment of industry for the businesscompanies. The research also contains the aspect-application of the industry 4.0 technology depending on manufacturing system and improvement phases of manufacturing-production of the company. The application via Industry 4.0 technology of a white goods manufacturing company was evaluated on behalf of manufacturing performance and effectiveness of this manufacturing enterprise according to inputs and outputs components of manufacturing system for the analysis in terms of operation management and the business expectation.

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Creativity: Linking Theory and Practice for Entrepreneurs

Cited by 19 publications

References 0 publications

Improvising Entrepreneurship

Improvising Entrepreneurship

Fostering creativity through critical thinking: The case of business start‐up simulations

Industry 4.0 Perception Regarding to New Developments and New Trends of Industries

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