Creativity, social networking and changing business communication

Abstract

This paper reviews literature on creativity, innovations, and creative organizations. An analytical approach has been undertaken using various articles to identify the need of innovation and creativity in today’s world and how the innovation of social networking is changing business activities. Creativity and innovation are crucial factors for the endurance and progression of organizations in today's world. From the macroeconomic perspective, innovation is also related with economic growth, development of living standards and a country’s international competiveness. The need for innovation is assisted by Information technology in a range of ways and in this contemporary era it is hard to separate innovation and technology due to its incredible offerings in all kinds of industries and sectors. One such innovation was ‘social networking and social media’. In this epoch of social media, businesses are obliged to be extra transparent and more personal. This does not eradicate the need of customary advertising, but social networks allow an innovative form of communication which altered the approach of doing businesses. Businesses must concentrate on developing real and direct connections with customers. Companies which lag behind to change to this new trend and culture will be in damaging situation, as competitors will progressively try to reap the benefits out of it. All in all businesses need to adapt with the growing importance and impact of social networking as a means of communication.