ISSUES REGARDING THE ROLE AND IMPORTANCE OF CREATIVITY IN ENTREPRENEURSHIP

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

Contemporary Economy Journal, 2022, vol. 7, issue 2, 112-117

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.

Keywords: entrepreneurship; creativity; innovation; technological progress (search for similar items in EconPapers)
JEL-codes: M13 O31 O32 (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:brc:brccej:v:7:y:2022:i:2:p:112-117

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