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Issues Regarding The Role And Importance Of Creativity In Entrepreneurship

Author

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  • Madalina ALBU

    (Petroleum-Gas University of Ploiesti, Faculty of Economic Sciences, Romania)

Abstract

The socio-economic development of societies in general and of economic entities in particular, depend on the way in which the results of technological and scientific progress are implemented in entrepreneurial activity. Innovation and creativity give entrepreneurship the opportunity to lead to economic growth. The role of creativity in entrepreneurship can be manifested by identifying methods that can lead to reduced costs, increased productivity and competitiveness and increased turnover. The multitude of problems that must be solved permanently, determine the entrepreneur to make the most of his creative ability, ingenuity and accumulated knowledge. The development of creativity can be a personal strength in approaching an entrepreneurial activity. Valuing creative ideas, combined with the ability to use the opportunities offered by the environment, can be the strengths of a successful entrepreneur. Starting from the specialized literature in the field, the present paper wants to make a plea in favor of the implementation of creativity and innovation in the development of entrepreneurship.

Suggested Citation

  • Madalina ALBU, 2022. "Issues Regarding The Role And Importance Of Creativity In Entrepreneurship," Contemporary Economy Journal, Constantin Brancoveanu University, vol. 7(2), pages 112-117.
    • Handle: RePEc:brc:brccej:v:7:y:2022:i:2:p:112-117
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    More about this item

    Keywords

    entrepreneurship; creativity; innovation; technological progress;
    All these keywords.

    JEL classification:

    • M13 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - New Firms; Startups
    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D

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