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ENTREPRENEURSHIP, CREATIVITY AND DUPLICATION: A LITERATURE REVIEW

Table of contents

 

Section One                                                                                                         3 

1.1      Conceptual Review                                                                                    3 

1.1.1   Meaning of Entrepreneurship                                                                    3 

1.1.3  Challenges of Entrepreneurship in Nigeria                                                  4 

1.1.4   Benefits of Entrepreneurship to Nigeria                                                       7 

1.1.5   Creativity                                                                                                  8 

1.1.6   Types and Characteristics of Creativity                                                       14 

1.1.7   Understanding Factors that Hinder Creativity, Innovation and               Entrepreneurship                                                                                       15 

 

1.1.8   Innovation                                                                                                 18 

1.1.9   Forms of Innovation                                                                                   20 

1.1.10 The Elements of Innovation                                                                        21 

1.1.11 Organizational Constraints against Innovation                                             22 

1.1.12 Global Creativity and Innovation Index                                                       23 

1.1.13 Duplication                                                                                                25 

1.1.14 Technological Entrepreneurship                                                                 28 

Section Two                                                                                                        30 

2.1      Theoretical Review                                                                                    30 

2.1.1   Schumpeter's innovation theory                                                                  30 

2.1.2   Componential Theory of Creativity                                                             31 

2.1.3   Theory of organizational creativity                                                                          33 

2.1.4   Schumpeter's Duplication theory                                                                 34 

2.1.4   Disruptive Innovation Theory                                                                     35 

Section Three                                                                                                      37 

3.1      Empirical Review                                                                                      37 

Section Four                                                                                                       41 

4.1     Gaps in Literature                                                                                      41 

4.2      Conclusion                                                                                                42 

References                                                                                                           44 

Abstract

 

We are living in an era when the speed of inventions in the fields of arts, science, social science, technology and industrialization is more accelerated than any other time in the history of mankind. Entrepreneurship has been identified as an engine of economic and social development in this period that can lead to growth and development, increase productivity and create jobs. With the use of library based and conceptual method, the study review the concept of entrepreneurship as it merged largely with concepts such as creativity and duplication. This study tries to see these three factors, entrepreneurship, creativity and duplication as a decisive importance factors in economic development of countries and are now profoundly reshaping the patterns of the world’s economic growth and activity. An economy with a weak creativity, duplication and entrepreneurship base will lack strong competitiveness and will frequently experience poor growth and such a nation will be entrapped in poverty and underdevelopment. In this study, first the concept of entrepreneurship was introduced, then the difference between creativity and duplication comes, at the end the relationship between creativity, duplication and entrepreneurship is depicted. 

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