Innovation, Technology And Market Essay Example | Topics and Well Written Essays - 2000 words

Innovation, Technology And Market - Essay Example At the firm's level, Roth claims that creativity is a key functional activity in firms, in much the same way as marketing or finance are. Product creativity is then thought of as a routine operation like any other that firms perform. Others propose (Tang, 1998) that creativity is a key endurance strategy for firms for the reason that it facilitates more rapid alteration to inefficient environments. Creativity then becomes a primary indicator of a firm's ability to adapt to its environment (Drucker, 1994). Over the past few decades, this acclamation of creativity has become highly prominent as technological and scientific advancement, particularly in information and communication, increasingly affects every aspect of people's lives. Creativity has apparent plus points for individuals and society all together. Not astoundingly, a great pact of research has focused on creativity, particularly in the last two decades. This thesis appraises the creativity explore, first looking to the related qualities, aptitudes, influences, and products, and then inside disciplinary standpoints on creativity (e.g., natal, emotional, developmental, organisational). Great progress is being completed in creativity research, but more discussion between points of views is recommended. Novel and imperative areas of research are underlined, and a range of benefits of creativity is conversed. Acronyms Terms Originality and innovation are deemed to be key factors for attaining the sustained organisational viable advantage in the new economy. Therefore, organisations require continuously accepting, building up, generating and innovating. President Bush (2002) thinks that the potency of the US economy is put up on the creativity and entrepreneurship of the public. Since it is opposed that employees' creativity makes an essential contribution to organisational innovation, efficacy and continued existence, there is a need for organisations to create the organisational backgrounds that are most helpful to idea formation and creative opinion. In other terms, for employees to be innovative there must be a work atmosphere that favours the process of ingenuity. Accordingly, examiners and practitioners have become more and more attentive in learning the environmental causes that comprises communal, emotional, rational development and work situations, favourable to creativity. Hypothesis and research advocate that when the employees have a mutual commitment to their assignments and when they are given sufficient resources to carry out their work, the workers will be automatically turn out to be creative. Other sections of research discovered that employees would be creative when their task is intellectually exigent; and when they are given a high degree of independence and control over their personal effort. In addition, the literature discloses that organisational support and appraisal of ideas are required so as to encourage creativity and that honours and additional benefits are obligatory to encourage creativity and promote the creative work setting (Jassawalla & Sashittal, 2000). Conversely, when one moves away

Demographics and the Housing Market Essay Example | Topics and Well Written Essays - 1000 words

Demographics and the Housing Market - Essay Example Canada has a unique pattern of land markets, wherein the markets have been rated as, "moderately unaffordable", "affordable", "seriously unaffordable" and "severely unaffordable". It has been observed that the national median multiple is slightly above the above the affordable standard. Over the years there has been a rapid increase in housing prices. Prices and quantities in housing markets are determined by the interaction of the supply with the demand. During this time the home ownership rates have eaten up a deeper chunk of house hold wealth, thereby increasing household debt. Most important variables governing the supply of new housing include prices, the costs of construction materials and land, the cost of financing, and the value of the housing stock. Similarly, the important variables governing the quantity of housing include prices, the level of mortgage rates, expectations of permanent income or wealth, rates of return on other investments, and demographic factors that influence the decision to buy a house. Let us take a closer look at Toronto that is well known for its multicultural society. It is situated in southern Ontario, Canada with a population of 5,113,149. It has an urbanised region of 8.1 million people. Toronto being the fifth largest city in North America is one of the most populated cities having people from diverse backgrounds. Its clean environment together with a generally high standard of living, Toronto remains the most desired destination for immigrants. It also has the second highest percentage of foreign-born population. People of different European origins form the largest ethnic group in Toronto. Afro-Caribbean, Filipinos, Latin American too, find a place for themselves in this place. This is reflected in the neighbourhood names, like Little Italy, The junction, Little India, Chinatown, Portugal Village and others similarly named. The Downtown area of Toronto remains most densely populated while the financial district of Bay Street boasts of the maximum number of skyscrapers in Canada. The historically wealthy residential enclaves stretch northwards from downtown. It is a paradox of sorts, wherein, on one hand the up scale homes exist and on the other hand in the core vicinity of downtown low income families and incomes reside. The east and west regions of downtown however, radiate with artists and middle and upper class professionals. The inner suburbs retain the small, single family homes, while the housing boom has led to the construction of many high rise apartments in many neighbourhoods. North Toronto and some western neighbourhoods in York are some such areas. The housing boom has had a cascading effect on many municipalities. The advent of skyscrapers has not only changed their skylines but also helped them develop as secondary business centres .However further growth in the housing market is affected by the temperament of the consumers in that whether they are prepared to take risks. If the price is high and the consumer is averse to taking risks, the purchase of houses will automatically fall. The buying strategy of a consumer therefore differs from one demographic group to another. It can be safety said thus, that consumers differ in their thought process with regards to procurement of a house. Their views may differ on the money spent to rent a house vis-a vis to purchase