Linking Innovation and entrepreneurship

Creativity is an essential part of innovation; innovation is a central part of entrepreneurship. Figure 10 represents the pictorial relationships.

Figure 10 Linking Innovation and entrepreneurship

So, what is creativity?

Different scholars use the terms imagination, creative, and many different terms to mean the same item, but it’s essentially coming up with a new idea. It could be a new design, and it could be a new artifact, piece of art, and different things. There are different ways to think about generating ideas, being creative, creativity. Also, it turns out that there are various tools and techniques that we can think about to be creative to come up with new ideas. But that’s one way of looking at how other areas are accomplishing similar tasks. Innovators think about using collaborative methods. But the most important message is that when it comes to creativity, use the method that works best. It could be brainstorming, collaborative effort, or looking at other technologies.


Creativity is the entry to innovation. Albeit to be innovative, something must address a specified need. It could be a consumer need, or a society need. It is the need being addressed that makes creativity different from innovation. Anything can be created, but it becomes innovative if it adds value. With this concept in mind, the first step to innovation is understanding what the real problem is. Once the problem is understood, a strategic concept may be used to solve the problem. That is precisely how innovation works: Engineers may figure technological openings and offer solutions to address the breaches. It is the ability to see the opportunities in the gaps that birth entrepreneurship. u00a0


Opportunity recognition is another helpful tool to innovate. u201cWhere is the opportunityu201d? So, when you are innovative, when you are thinking, think about where those opportunities are. People only want to know what you are fixing. Entrepreneurship is acting on innovation. You can develop something innovative but only becomes valuable if delivered to people who need creativity. People create things but taking that next step and deliberating is where entrepreneurship begins. u00a0At the point of taking the creation to the next step is where the ownership comes in. You have to deliver on the innovation to address the need; that is where the commercial gets in.

Typical adverts on entrepreneurship offer an image of somebody trying to make money, but that’s not necessarily true. u00a0People are also doing social entrepreneurship, and people are coming up with different ways to address developing countries’ needs. In that scenario that is not looking for money, they are addressing society’s needs.

An entrepreneur can see how you can contribute to society by introducing a service or product that people use by employing people doing meaningful jobs. Creating wealth for those who have invested can also be linked to personal rewards, either in the form of financial rewards or in the form of recognition. As an entrepreneur, you can dream and have the potential to create a legacy, a successful business or brand, to the point where it leaves the personal heritage behind. If that is your case you will work towards creating meaning that serves as motivation to others, especially as entrepreneurs. This is often called achievement, whereby you have a high degree of responsibility and control over.

We each have our strengths and weaknesses. We need to leverage our strengths, and then we need to bring in other people to address the weaknesses that we have as an organization or as an individual. It is imperative to consider the smaller opportunities while waiting for more immense opportunities. Use the techniques that work best for you, especially when it comes to creativity, and you have a lot of different tools and a lot of techniques out there; it’s more than just brainstorming.

Advancement and External Linkages

The degree to which providers are approached to add to the plan and improvement of an item is a critical measurement influencing the extension for advancement by including provider perspectives and requirements at the planning stage for upgraded client esteem. The firm can acquire a considerable lot of the upsides of vertical combination (and bigger size) while diminishing the exchange costs included

Connections with Customers: Indeed, it has been additionally contended that there is an extension for significant increase through including the client in the item plan and advancement measures. Where client inclusion induces a solid relationship, this may bring about client criticism and related item enhancements.

Connections with Universities and Colleges: Apart from the University point of view referenced before, two main reasons are placed to help the idea that college are probably going to improve small firm creative capacity: Firstly, it is contended that ‘college research is a wellspring of enormous advancement producing information which diffuses at first through close to home contacts to neighbouring firms’. Secondly, it is recommended that small firms can mitigate inside asset inadequacies by getting to college asset organizations. Emerging firms can access modern innovation and specialized aptitude from student research.

Governments and Support Agencies:

The consolation of systems administration connections between firms to set up aggregate economies of scale’ is one of the various commendable highlights of such associations. The contention that organizations like Local Enterprise Companies (LECs) ought to have the option to give expert exhortation and data, or essential assistance, holds similarly well for Chambers of Commerce or Trade Associations. Then again, and maybe more everything being equal, the government may play an organization’s executive’s job.

Emmanuel Addo

Emmanuel Addo is the founder of the Young Global Leaders Network, an international non-governmental organization registered in six (6) countries namely, Ghana, United Kingdom, Nigeria, Sierra Leone, Democratic Republic of Congo, and South Sudan and has a membership strength of over 15,000 young black professionals, students, graduates, and aspiring leaders.

The organization also operates in 25 other African countries. Emmanuel also doubles as the chief convener and founder of the Young African Leaders Summit, one of the largest continental youth summits in Africa.  

Currently works at Kingston University as a Business Engagement Team Member in their Partnerships and Engagement Department. 

He characterizes energy, integrity, result-oriented, and ground-breaking service in each detail of strategic management, change management, stakeholder management, and leadership acquaintances.
Emmanuel owns a core background in Sociology and Psychology from the University of Ghana.

Leveraging his experience as a youth activist and a dynamic young man, Emmanuel founded the Young Global Leaders Network, a youth organization that comprises young diplomats, young politicians, and aspiring politicians, business/entrepreneurial business leaders with the aim of championing a mutual agenda for the African youth and promoting youth participation in governance as well as promoting entrepreneurial culture.
Emmanuel nurtures an environment of teamwork and has expertise in data collection and analysis as well as both quantitative and qualitative methods.

Emmanuel worked as an Associate Lecturer at the London College of Advanced Management where he delivered a wide range of business management courses that involved principles of marketing, leadership, operation management, and research methods. Emmanuel has always maintained high teaching and learning standards to ensure that his students’ stand out in academic achievements and successful progression. As a stout believer and passionate key player in volunteering; Emmanuel creates quality time to giving back gladly to his community what he has learned and to educate individuals with free consultancy on career development. He is a leader anyone would love to look up to and with great integrity, commitment, and passion to make the world a better place.
Emmanuel worked as Qualifications Manager at the Open University in the UK.

Emmanuel is also the founder of Kickstart Innovation Hub Ltd, the entrepreneurial hub of Young Global Leaders Network.