From Creativity to Innovation
Talent is the bedrock of a creative society. Augmenting talent involves mobilizing culture and tradition, building institutions to increase the stock of human capital, enhance its quality, and instill values favoring achievements and initiative. Th...
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| Format: | Policy Research Working Paper |
| Language: | English |
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World Bank, Washington, DC
2012
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| Online Access: | http://documents.worldbank.org/curated/en/2007/06/7745621/creativity-innovation http://hdl.handle.net/10986/7439 |
| Summary: | Talent is the bedrock of a creative
society. Augmenting talent involves mobilizing culture and
tradition, building institutions to increase the stock of
human capital, enhance its quality, and instill values
favoring achievements and initiative. The productivity of
this talent in the form of ideas can be raised by nurturing
wikicapital-the capital arising from networks. Translating
creativity into innovation is a function of multiple
incentives and sustaining innovation is inseparable from
heavy investment in research. Finally, the transition from
innovation to commercially viable products requires the
midwifery of many service providers and the entrepreneurship
skills of firms small and large. |
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