By Bengt Karlöf (auth.)
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On the contrary, the predominant view for the past 15 years has been that creativity and entrepreneurship must be carefully distinguished as two separate phenomena. This thesis, which still dominates thinking, has been questioned by many creativity researchers, who claim that psychologists have failed to understand the role of the entrepreneur in economic life. By business creativity we generally mean the sum of a number of economic roles. On the one hand we have the worker who performs the operations, and on the other the capitalist who finances them.
On the contrary, it may add to the unrest during the process of change, making it even harder to accomplish. A good tip, then, is to be careful of your timing; hold off until you have a meaningful message to deliver instead of trying to talk too soon about things that are unclear or irrelevant. The media available for modern communication are many; but none of them is as effective as a personal appearance by the individual who embodies the process of change. That is why the ability to communicate is one of the most essential skills of leadership.
2. Management of resources with respect to tied-up capital and transportation costs. The essential thing is to make it clear which sense of the word you are using. Diversification The idea of diversification has a variegated history. It was in high fashion in connection with corporate development in the late 1960s and early 1970s, but fell on hard times when concentration on principal business gained the upper hand over diversification. The reason is, of course, the globalization and other manifestations of economies of scale that have affected many industries.
Business Strategy: A Guide to Concepts and Models by Bengt Karlöf (auth.)