Read this tip to make your life smarter, better, faster and wiser. LifeTips is the place to go when you need to know about Becoming an Entrepreneur and other Entrepreneur topics.
Innovation and creativity are siblings. Teresa M. Amabile, Edsel Bryant Ford Professor of Business Administration in the Entrepreneurial Management Unit at Harvard Business School, once explained the relationship this way: "All innovation begins with creative ideas." She defined innovation as "the successful implementation of creative ideas within an organization," and believed that creativity was a necessary but not sufficient condition for" innovation. Successful entrepreneurs are not only creative, but they are able to take their creativity and run with it, creating innovative solutions to the challenges their target market faces. This innovative spirit drives them to ever improve upon their ideas and leads to success in many of their endeavors.
I recently wrote my thesis on sports entrepreneurship. After interviewing and researching a bunch of entrepreneurs, I developed a list of traits that I believed were evident in entrepreneurs in the sports industry–and also apply to “non-sports entrepreneurs”. I posted the list in my blog and would love to hear what you think: http://progreshion.com/2010/09/11/what-makes-up-a-sports-entrepreneur/