Value Creation: Past, Present, and Future

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MagnanimousLanthanum
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11 Questions

What was value creation in the past primarily related to?

Mass production and efficient repeatable tasks

Which aspect has been emphasized for value creation today?

Innovative ways to utilise new materials

What will value creation in the future be primarily based on?

Economies of creativity: mass customization for service improvement to market

What did Arnold Berleant define aesthetics as?

A theory of emotions defined by a cultivated sensibility

How is creativity measured according to the text?

Using the Requirements Model

What is the purpose of the Csikszentmihalyi Systems Model?

Measuring creativity in different fields of study

How does the text suggest measuring creative work in a program or field of study?

Using the Taxonomy of Creative Designs

How does the taxonomy of creative designs measure the degree of originality?

By categorizing works as imitations, variations, combinations, transformations, or originals

What is the purpose of the Guilford Measures introduced by Joy Paul Guilford and Ellis Paul Torrance?

To measure how creative a person is by looking at their ability for divergent thinking

What distinguishes a valuable creative idea from a 'crazy' idea, according to the text?

Being logical in hindsight

How would you rate the items listed for value creation based on the given context?

By considering their usefulness and impact on the market

Explore the evolution of value creation from economies of industrial scale to the increasing emphasis on creativity. Understand how innovative approaches to utilizing new materials, technologies, and processes are shaping value creation today and how mass customization and creative solutions will define value creation in the future.

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