Defines Compares and Contrast Coursework Example | Topics and Well Written Essays - 500 words

Defines Compares and Contrast - Coursework Example ther hand has been defined to be the putting together of creative ideas either in paperwork or in physical pattern to make the idea a tangible value (Zhao, Calantone and Cavusgil, 2002). Capron (1999) also mentioned that innovation represents the actual implementation of something that is new. From the definitions given, it would be noted that there are some ways in which all of these three important terms are different from each other and other ways in which they closely relate to each other. Comparing the three terms, Poon, Choi and Davis (2008) explained that all of innovation, design and creativity are needed in a typical organization to make the execution of organizational goals possible; especially in cases where organizations want to build a competitive advantage for themselves. By this explanation, the meaning that is drawn is that innovation, design and creativity are all focused on bringing about things that are new and different from what already exists. Therefore even though the three may carry different meanings, they are all concerned with new ideas because it is when organizations are able to differentiate themselves from others through creative, innovative and design oriented means that they gain competitive advantage over their competitors. Another important similarity that organizational leaders ought to know in the application of these three terms is that none of the three is independent on its own (Capron, 1999). Rather, they each depend on the other t o ensure the objectives for which they are independently set are achieved. By implication, even though each of these can help organizations achieve different objectives, the achievement will not be made if the three are not used together. Despite the similarities, there are various differences that exist between these three terms. For example, whereas creativity is abstract and produces abstract results, innovation is highly tangible as it results in implemented products. In effective, a person