Creativity & Innovation at Workplace
Akshara Seth
Talent Management Consultant | Learning & Development | Coach | Consulting
There was a time when the concept of creativity was only associated with writers, painters, musicians and similar people in artistic professions. But with the ever-increasing necessity of cultivating a unique brand personality, the need for creative thinking has transitioned from the arts into everyday business. In addition, the act of producing a product that distinguishes itself from competitors in a marketplace where differences are often hard to come by demands a high degree of creativity both in innovation and marketing.
As a result, it’s now become commonplace for companies – both large and small – to adopt policies that foster creativity and thereby promote innovation.
Many organizations, such as 3M, Frito-Lay, and Texas Instruments, have introduced systematic creativity activities into their training and production processes with outstanding results. Frito-Lay, for instance, reports documented cost savings over a four-year period of almost $600 million due to their creativity training programs (Morrison, 1997 — Cited in 101 Activities for Teaching Creativity and Problem Solving, by Arthur VanGundy, 2005).
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The Wall Street Journal reported that a two year in-house creativity course at General Electric resulted in a 60% increase in patentable concepts.
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Participants in Pittsburgh Plate Glass creativity training showed a 300% increase in viable ideas compared with those who elected not to take the course.
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At Sylvania, several thousand employees took a 40 hour course in creative problem solving. ROI: $20 for every $1 spent.
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Hewlett-Packard invested over $2 billion in R&D in 1999, and generated more than 1,300 patent applications. Net revenue: $42.37 billion. (Source: HP 2000 Annual report)
STEAM not STEM !