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How can team leaders in Economics encourage creative thinking?

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Creative thinking is a valuable skill for economists, as it can help them generate new ideas, solve complex problems, and innovate in their field. However, fostering a culture of creativity in a team of economists can be challenging, as they may face various barriers, such as cognitive biases, rigid frameworks, or time pressure. How can team leaders in Economics encourage creative thinking among their team members? Here are some tips to consider.

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Momen Elsady

Wealth Management Expert | Financial Strategist | Advanced Options Trader
Hamed Rezk ,MBA, CIA?, ASMEC?, CCRO, CRMP, GRCP, CCP, CLBB

Regional Chief Risk Officer | Driving Growth for 200+ Companies | Executive Risk Committee Chair | Helping You Excel in…
Gustavo Porporato Daher (Ph.D.)

Profesor y Consultor - exCFO

1 Provide a clear vision

One of the first steps to inspire creative thinking is to communicate a clear and compelling vision for the team's work. A vision should define the purpose, goals, and expectations of the team, as well as the scope and context of the problems they need to address. A clear vision can help the team members align their efforts, understand the relevance and impact of their work, and motivate them to explore new possibilities.

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Gustavo Porporato Daher (Ph.D.)

Profesor y Consultor - exCFO
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Inspiration and motivation are some key elements to promote a critical mentality in the organisation. How to do it? - Eliminate the risk adverse way of thinking of your team ("we are in a safe environment") - Be the first to question the alternatives - Learn to accept being challenged by our team - Celebrate the decisions that make a difference

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Alexandre Ferraz Amaral Arouche Toledo

CFO | Head of finance | Treasurer | Controller
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Comunicar uma vis?o clara e convincente é fundamental para catalisar o pensamento criativo dentro de uma equipe. Ao fornecer uma dire??o clara, os membros da equipe podem alinhar seus esfor?os em torno de objetivos compartilhados, estimulando um ambiente propício à inova??o. Uma vis?o bem articulada n?o apenas fornece um propósito claro, mas também inspira um senso de significado e paix?o, elementos essenciais para desencadear a criatividade. A clareza na vis?o estabelece um terreno fértil para a colabora??o, encorajando a express?o de ideias diversas e a explora??o de solu??es inovadoras em busca de metas comuns.

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2 Encourage diversity and collaboration

Another way to stimulate creative thinking is to promote diversity and collaboration within the team. Diversity can refer to different backgrounds, perspectives, skills, and experiences that can enrich the team's collective knowledge and creativity. Collaboration can involve sharing ideas, feedback, and resources, as well as engaging in constructive debate and dialogue. Team leaders can encourage diversity and collaboration by creating a safe and supportive environment, assigning diverse and cross-functional roles, and facilitating knowledge exchange and brainstorming sessions.

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Alexandre Ferraz Amaral Arouche Toledo

CFO | Head of finance | Treasurer | Controller
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Estimular o pensamento criativo na equipe envolve promover diversidade e colabora??o. Diferentes origens e perspectivas enriquecem o pool de ideias, enquanto a colabora??o entre habilidades complementares potencializa solu??es inovadoras. Essa dinamica fortalece a resiliência criativa da equipe, capacitando-a a abordar desafios de maneira inventiva e eficaz.

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Babandi Ibrahim Gumel, PhD, DBA

Associate professor | Online Adjunct Instructor | CEO | Politician | Farmer | Businessman
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The creation of mentors within a diversified team will serve as a way of intensifying efforts of consolidating gains of diversified team. Where a team is being mentored by key knowledgeable persons, the level of collaboration among members will increase. The mentoring ability of the persons must include an effort to stimulate collaboration and sharing between team members.

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3 Challenge assumptions and norms

A third tip to foster creative thinking is to challenge the assumptions and norms that may limit the team's thinking. Assumptions and norms are often based on past experiences, conventional wisdom, or established theories that may not apply to new or changing situations. Team leaders can challenge assumptions and norms by asking critical and open-ended questions, introducing alternative scenarios or viewpoints, and encouraging experimentation and testing.

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Alexandre Ferraz Amaral Arouche Toledo

CFO | Head of finance | Treasurer | Controller
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Desafiar pressupostos e normas é uma estratégia crucial para impulsionar o pensamento criativo. Ao questionar suposi??es arraigadas e desafiar as normas convencionais, a equipe abre espa?o para novas perspectivas e abordagens inovadoras. Isso encoraja a mentalidade de que n?o há solu??es definitivas, incentivando a busca por alternativas e o desenvolvimento de ideias disruptivas. A disposi??o para desafiar o status quo promove um ambiente onde a criatividade floresce, permitindo que a equipe explore caminhos n?o convencionais e encontre solu??es verdadeiramente originais.

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4 Provide feedback and recognition

A fourth suggestion to enhance creative thinking is to provide feedback and recognition to the team members. Feedback and recognition can help the team members improve their performance, learn from their mistakes, and celebrate their achievements. Feedback should be specific, timely, and constructive, highlighting both the strengths and areas of improvement of the team members. Recognition should be sincere, meaningful, and consistent, acknowledging both the individual and collective contributions of the team members.

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Alexandre Ferraz Amaral Arouche Toledo

CFO | Head of finance | Treasurer | Controller
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Fornecer feedback construtivo e reconhecimento é essencial para nutrir um ambiente propício à criatividade. O feedback oferece orienta??o, permitindo ajustes e melhorias, enquanto o reconhecimento valoriza as contribui??es individuais e incentiva o engajamento contínuo. Ambos s?o catalisadores poderosos para o pensamento criativo, proporcionando um ciclo de aprendizado e estímulo que impulsiona a inova??o dentro da equipe.

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5 Support learning and development

A fifth recommendation to boost creative thinking is to support the learning and development of the team members. Learning and development can help the team members acquire new knowledge, skills, and competencies that can expand their creative potential. Team leaders can support learning and development by providing access to relevant resources, opportunities, and mentors, as well as by encouraging self-directed and lifelong learning.

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Alexandre Ferraz Amaral Arouche Toledo

CFO | Head of finance | Treasurer | Controller
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Apoiar a aprendizagem e o desenvolvimento contínuo é um alicerce crucial para fomentar o pensamento criativo. Ao cultivar uma cultura que valoriza a expans?o de conhecimentos e habilidades, a equipe se torna mais apta a enfrentar desafios complexos de maneira inventiva. Investir em oportunidades de aprendizado promove uma mentalidade de crescimento, estimulando a busca por novas ideias e abordagens. O desenvolvimento constante n?o apenas fortalece a capacidade da equipe de inovar, mas também contribui para a resiliência criativa, preparando-a para se adaptar a novos cenários e prosperar em ambientes dinamicos.

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6 Model creative behavior

A sixth and final tip to cultivate creative thinking is to model creative behavior as a team leader. Team leaders can influence the team's culture and climate by demonstrating their own creative thinking and actions. Team leaders can model creative behavior by showing curiosity, openness, and flexibility, by taking risks and learning from failures, by seeking and applying feedback, and by rewarding and recognizing creativity.

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Momen Elsady

Wealth Management Expert | Financial Strategist | Advanced Options Trader
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I've discovered that fostering creative thinking in a team starts with leading by example. It's like setting the stage for a creativity party. As a team leader, you shape the team's vibe by showcasing your own creative thinking. Be curious, open-minded, and flexible. Don't be afraid to take risks and learn from missteps. Embrace feedback, use it to grow, and give credit where it's due by celebrating creativity. Being the creative spark in the team sets the tone. It's not just about saying, "Let's be creative," but showing how it's done. It's like saying, "Hey, we're all in this together, and I'm right here with you, embracing the creative journey!

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Hossein Monsefi

Evaluation Specialist | Tax Credit & Exemption Advisor
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One of the definitions of creativity is: The ability to make connections between unrelated things Therefore, a leader in his team can organize creative thinking when he is always looking for a connection between apparently unrelated things. This makes you train yourself first and teach this process to the team

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Alexandre Ferraz Amaral Arouche Toledo

CFO | Head of finance | Treasurer | Controller
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Modelar o comportamento criativo é uma estratégia eficaz para inspirar a equipe. Ao demonstrar abertura a novas ideias, resiliência diante de desafios e disposi??o para experimentar, os líderes estabelecem um padr?o inspirador. Compartilhar processos criativos, mostrar aceita??o de falhas como parte do aprendizado e celebrar sucessos promove uma cultura onde a criatividade é valorizada. Essa modelagem n?o apenas encoraja a equipe a adotar atitudes criativas, mas também estabelece um ambiente onde a inova??o é percebida como um esfor?o coletivo e contínuo.

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7 Here’s what else to consider

This is a space to share examples, stories, or insights that don’t fit into any of the previous sections. What else would you like to add?

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Hamed Rezk ,MBA, CIA?, ASMEC?, CCRO, CRMP, GRCP, CCP, CLBB

Regional Chief Risk Officer | Driving Growth for 200+ Companies | Executive Risk Committee Chair | Helping You Excel in Credit, MSMEs, GRC, Training, and Consulting | Lecturer | Open to Networking and Collaboration
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Dr. William(CEO) enthusiastically accepted a draft paper that I presented at an economic conference following the 2008 global financial crisis. I had not expected such a positive response to my unconventional proposal at the time. This approach taught me: 1. Do not kill any new idea; even if it appears that it makes no sense to apply, assess the results and evaluate. 2. I am pleased to be an Egyptian, a country teeming with brilliant brains simply waiting to be discovered and given a chance. Tips for Team Leaders: 1. Don't fear the unknown, encourage exploration and experimentation. 3. View setbacks as learning opportunities, not dead ends. 4. Kill the "yes-man" culture: Encourage healthy debate and constructive criticism.

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How can team leaders in Economics encourage creative thinking?

1

2

3

4

5

6

7

1 Provide a clear vision

2 Encourage diversity and collaboration

3 Challenge assumptions and norms

4 Provide feedback and recognition

5 Support learning and development

6 Model creative behavior

7 Here’s what else to consider

Economics

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How can team leaders in Economics encourage creative thinking?

1

2

3

4

5

6

7

1 Provide a clear vision

2 Encourage diversity and collaboration

3 Challenge assumptions and norms

4 Provide feedback and recognition

5 Support learning and development

6 Model creative behavior

7 Here’s what else to consider

Economics

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