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Business organization creativity – a key indicator of innovation readiness

Author

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  • Miglena Angelova

    (University of National and World Economy, Bulgaria)

Abstract

Organizational creativity is a key prerequisite for an effective company innovation policy. The overall innovation policy necessari-ly includes the attraction of creative employees to support the process of creating new products and services. At the same time, attracting and employing creative employees is a first but insufficient condition for obtaining a good level of organizational crea-tivity. To be effective, these creative experts also have to be motivated, which now requires much deeper attention and overall policy from the organization's management. We studied the level of individual, team and organizational creativity among 384 employees that represent 71 companies in all economic sectors. Our findings clearly state that there is a difference between levels of individual, team and organizational creativity at the company. Employees do not reveal their full creative potential, as the main reason for that is lack of proper motivation and organizational support. Other barriers to creativity are also lack of good atmosphere, lack of confidence and transparency, lack of overall supportive organizational policy and excessive hierarchy and authoritarianism. At the same time, employees tend to define themselves as creative and the organizational management has to provide special and comprehensive policy to improve the level of organizational effectiveness of creativity.

Suggested Citation

  • Miglena Angelova, 2024. "Business organization creativity – a key indicator of innovation readiness," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 12(2), pages 10-30, December.
  • Handle: RePEc:ssi:jouesi:v:12:y:2024:i:2:p:10-30
    DOI: 10.9770/x8527586243
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    More about this item

    Keywords

    creativity; organizational creativity; competitive advantage; innovations;
    All these keywords.

    JEL classification:

    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
    • M21 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics - - - Business Economics
    • M51 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Personnel Economics - - - Firm Employment Decisions; Promotions

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