Question 1. Answer these questions based on Mannucci et
al.’s (2018) article:
a)
Based
on Mannucci et al.’s 2018 article, describe i) the attributes and ii) the characteristics
of knowledge.
In the human mind there are schemas to store
information and knowledge in the brain in an organized form. For instance, cognitive
structures contains information and attributes of knowledge regarding a domain
and ensure link between several knowledge attributes. Basically, in the
presence of both complexity and flexibility in the knowledge structures
individual can have effective idea generation. Complex structure represents the
schemas sets enriched with inter-schemas linkage and knowledge attributes. High
complexity means there are more than average total number of schemas within a
given domain of human knowledge. Complex structure of knowledge enable an
individual to get access on a larger array of relatively richer brain schemas in
a selected domain. Flexibility represents
weak linkage that support to open a new schemas and new domains. There are two
main characteristics of knowledge that relates to knowledge linkages,
attributes, flexibility and complexity of knowledge. At the first, knowledge
should have depth. Secondly knowledge should have breadth. Knowledge covering
multiple domains shows knowledge breadth. Knowledge depth represents the level
and knowledge about a specific domain.
b)
Explain
in your own words the relationship between career age, creativity and knowledge
based on Mannucci et al.’s 2018 article.
Career age, creativity and knowledge are
interrelated with each other. With increase in age knowledge also increases.
Human being deal with different situations and experiences that enrich their
schemas with new information and knowledge. Strength and cognitive linked
increases with the increase in knowledge. According to the research article,
impact of knowledge breadth and depth is different on creativity because of
difference in career age of an individual. Increase in knowledge breadth and
depth with increase in career age results in enhance of creativity. Moreover,
broad knowledge is also supportive in generating the cognitive overload that
results in the impairment of creativity. In short, inter-domain linkages
increase with increase in the complexity or rigidity of knowledge structure. In
fact, in the beginning or earlier stages of career, human being usually have
relatively less rigid and complex structures of knowledge. Flexibility enable
them to bring changes and improvement with increase in knowledge and
information. Creativity also get influence from knowledge breadth and depth as
it shapes knowledge structures of a person. In the article, author emphasis on
the relationship between creativity, career age and knowledge structures.
According to the presented information, career age and knowledge depth domain
has significant relationship. Career age has inverted and positive relation
that can be drawn as U-shaped curve (Mannucci & Yong, 2018).
c) Draw
on Mannucci et al.’s 2018 article to analyze why Elizabeth Holmes and Theranos
failed to deliver the product they promised.
The
whole article provide information related to creativity, career age, and
knowledge domains of individuals. In the light of this article, we can say that
Elizabeth Holmes and Theranos failed to deliver their promised products because
of insufficient knowledge. They introduce several products but more of the time
they conducted limited research studies on these medicines. Lack of knowledge
and experience was also a major factor that contributed in the failure of Elizabeth
Holmes and Theranos (MedCity
News, 2014).
Basically, knowledge depth and breadth were not according to the requirements
of the situation. She became youngest female billionaire at the age of 19 but
her limited knowledge about medication and proper health treatments resulted
into the introduction of contradictory products and conflicts in media (Ramsey, 2019).
Question
2. Answer these questions based on Perry-Smith et al.’s (2017) article:
a)
Briefly describe the four phases of the idea
journey and describe the distinct primary needs of each phase.
There
are four phases of idea journey including idea generation, idea elaboration,
idea championing, and idea implementation. The first phase of idea journey is
idea generation. In this phase individual generate a creative and attractive
ideas concerning with the need of cognitive flexibility. The second phase is
idea elaboration. In this phase, individual systematically evaluate the new and
creative ideas. In idea elaboration phase individual also clarify the potential
ideas for further development. Support is the distinct primary need of this
phase. After idea generation and idea elaboration there comes a third stage of
idea journey. Third stage is idea championing, in this phase idea generator focuses
on active promotion of creative ideas to push it forward. In this phase
distinct primary need is influence and legitimacy. Idea implementation is the
last phase of idea journey. Phase is about the implementation of idea into a
tangible result outcome. In this phase distinct primary need is share vision
and understanding.
b)
Explain in your own words the social network
characteristics that benefit a creator in each phase of the idea journey.
Social
network characteristics works as social drivers in all these four phases. Each
phase has some specific social network characteristics. For instance the
delineating phase recommend several levels of direct and active involvement of
social network contacts that facilitate the needs. In the first phase of idea
generation social network can benefit by providing more suggestions related to
novel idea. One can discuss idea with social group and people having relevant
information can suggest changes in this idea to make it more beneficial.
Moreover, in the second phase idea elaboration phase, social network reaction
can help out an idea creator to shape the idea. While in championing phase,
social network characteristics can provide benefits related to emotional and
motivational benefits. It facilitates the activation of sparser ties. In the
last phase of idea journey, originator usually have primary responsibility for
the development of selected novel idea. In this phase shared vision need demand
contacts to progress of collaborative idea’s content.
c) Draw on the article by Perry-Smith et
al. 2017 and analyze the idea journey of Theranos. How did Elizabeth Holmes
manage to meet the primary need of the different phases of an idea journey
through her social network?
Elizabeth Holmes managed to meet several primary
needs of these four stages or phase in idea journey through her social network.
In the idea generation phase, she had two key options to study in her graduate
classes or to start her own business. She selected the most promising one that
was according to her own wish (PERRY-SMITH & MANNUCCI, 2017). Here primary need
was cognitive flexibility. Social network supported her to ensure fulfillment
of her cognitive flexibility need. Next, in the second phase of idea
elaboration phase, Elizabeth Holmes discussed her idea with her social network
and required support. Investment made by her uncle and other investors is a
clear sign of support given by her social network. Third phase idea
championing, she discussed her idea with limited audience only. Therefore she
got limited suggestions regarding her idea. Somehow, she could make her idea
implementation and promotion better by discussing it with the relevant social
network e.g. scientists and medical staff. Her implementation was quite
unsuccessful as she ignored the legitimate and proper testing of medical devices.
She ignored testing and as a result of this her device was unable to deliver
accurate results.
Question 3. Answer these questions based on Zhou et al.’s
(2019) article:
a)
i) What are the
possible targets of creativity evaluation? Briefly explain. ii) When is a
creativity evaluation needed?
The possible targets of creativity evaluation
are people, products, and idea. In companies and workplaces, managers and
workers are responsible to evaluate ideas. While in markets customer evaluate
the products and ideas of companies. On the other hand, in institutes it is the
responsibility of administration and recruiters to evaluate creativity, talent,
and capabilities of individuals. Creativity evaluation is needed all time in
all possible targets. Basically, the
creativity evaluation increases the credibility and adds values to the
organization. The main theme of the paper is to evaluate the effect of
creativity in different fields such as social science and business. The
comprehensive framework is viewed to analyze characteristics, context, creator,
perceiver, and target qualities. The objective of the present work was to
measure the contribution in the development of methodologies along with
precision analysis, conceptual clarity, and integration of theories. The target of the present context is creativity
recognition and creativity perception. In the group evaluation process, the
comparison of judgment is for implementation and adaptation creativity. It
encompasses two themes including behavioral intentions and behaviors. The
creativity framework is used for knowledge practitioners.
b)
Explain in your own words
what the groups of factors influencing the evaluation of creativity are.
In the systematic understanding, the contextual and
personal factors are the most influencing terms for the evaluation, perception,
and creative ideas to be implemented. The influence of social processes,
collaboration terms, support, and sponsorship of people are higher on the
creativity of the workers. The other possible factors are the management of
work, marketing, education, sociology, and the entrepreneurship. The tremendous
opportunity is provided for the improvement of systematic work conditions.
Different types of creativity factors are influenced by several subsections
such as creators, context, perceiver, and the target. The behavioral intentions
and behavior have an impact on individuals and groups. Testing also reduces
creativity and dichotomizing factors have an effect on the uncreative and
creative targets.
c) Based
on Zhou et al.’s (2019) article, analyze the creator characteristics in the
case of Elizabeth Holmes that influenced people’s receiving of the Theranos
product. Explain three different creator characteristics.
Elizbeth Holmes initiated a business for a new setup of a blood testing
system Theranos at the age of 19. She convinced people to have products of her
company and managed her recognition through the media features and press
releases (Zhou, Wang, Bavato, Tasselli,
& Wu, 2019).
In September 2018, Theranos eventually dissolved. Although her idea was
creative and revolutionized healthcare and blood testing processes. The method
she introduced was convenient and cheaper. Her business valued $ 1 billion and
she secured rights from U. S. Securities and Exchange Commission. Elizbeth used
three creative ideas to portrait her business in front of the public and these
three creative ideas are mentioned below,
a. The business was kept as low
profit and Theranos announced herself to the public for fundraising and
research process at the beginning of her research. She introduced to the world
through a website and mentioned about the qualities of her products. The use of
media press and media features increased the worth of her product in the
public.
b. The business announced a
partnership with Walgreens for commercialization of her products. The research
and development programs were introduced to reach consumers directly.
c. Her featured profile to
the media platform increased her rising scrutiny for the technology of Holmes.
On the basis of her profile, the New Yorker named her as “Comically Vagues”
Question 4. Answer these questions based on the three
mandatory reading materials (Zhou et al. 2019; Mannucci et al.’s 2018;
Perry-Smith et al. 2017):
a)
From the generating
side of creativity, what are the three main lessons that you see from the Elizabeth
Holmes’ mistake?
Elizabeth Holmes tried her best to come up with
a creative idea to win the business market of medical products and devices. Her
successful beginning made her the youngest billionaire female in the world. She
started her business with the collaboration and investment of her social
network. Somehow, her all efforts were resulted in failure as in the end she
was stepped down from the position of Chief executive officer (CEO) of her
medical company. Her key mistakes were lack of knowledge, lack of idea
elaboration or championing, and insufficient attention given to testing of new
technologies and devices (Mannucci & Yong, 2018). Analyzing this case study
of Elizabeth Holmes failure in Theranos case we concluded three main lessons
from her mistakes. At first, I would say that one should work on the projects
and idea related to which one have sufficient knowledge and information. Career
age support creativity but lack of knowledge cannot support creativity. Her
knowledge breadth and depth was not according to this field, therefore, she got
failure in this business. Secondly, I learned that before implementing a
creative idea we should ever try to elaborate it with the most relevant social
group (MedCity News, 2014). Elaboration of idea and promotion of idea can
support us to get attractive suggestions to make the idea more creative and
profitable. The third lesson learned from her mistake is that testing an idea
is really important before implementation. Elizabeth Holmes did not focus on
the idea testing, therefore, she introduced a wrong product. She could avoid
all these negative consequences by testing her products or technological
devices generation idea prior to introducing in the targeted market (Ramsey,
2019).
b) From
the receiving side of creativity, what are the two main lessons that you see
for investors from the Theranos case?
From the receiving side of creativity, there are
two main lessons that I see for investors from the Theranos Case. Creativity
receiving represents the ensemble of group responses to creative targets (e.g.
idea, product, or people). For instance, in the case of Theranos receiving side
of creativity is consist of investors and customers who had to deal or interact
with this new creativity of Theranos. Investors invested in this idea and
products therefore as a result of increase in sales or decrease in the sales
they had to suffer financial profit or losses. Therefore, analyzing this case
we can learn two main lessons (Mannucci & Yong, 2018). At the first, I
learned that investors should evaluate the creativity completely to avoid
possible losses. They must have to evaluate the potential possible benefits and
response of a creative product or idea in the targeted market. Secondly, investors
need to ensure that all testing are done and legal standards are followed
during producing and implementing the creative idea. Investors who invested in
this case faced loss in their investment as they invested in the wrong product.
Getting complete information about the possible outcomes of new creativity can help
investors get better decision regarding this creative idea or product. In
short, Theranos case and relevant research articles all emphasized on the
importance of creativity evaluation.
References
Mannucci, P.
V., & Yong, K. (2018). THE DIFFERENTIAL IMPACT OF KNOWLEDGE DEPTH AND
KNOWLEDGE BREADTH ON
CREATIVITY OVER INDIVIDUAL CAREERS. Academy of
Management Journal, 61(5), 1741-1763.
MedCity
News. (2014). Elizabeth Holmes, Theranos CEO at TEDMED 2014. Retrieved
from www.youtube.com:
https://www.youtube.com/watch?v=ho8geEtCYjw
PERRY-SMITH,
J. E., & MANNUCCI, P. V. (2017). FROM CREATIVITY TO INNOVATION: THE
SOCIAL NETWORK DRIVERS OF
THE FOUR PHASES OF THE IDEA JOURNEY. Academy of
Management Review, 42(1), 53-79.
Ramsey,
L. (2019). The rise and fall of Theranos, the blood-testing startup that
went from Silicon Valley darling to facing fraud charges.
Retrieved from
www.businessinsider.nl:
https://www.businessinsider.nl/the-history-of-silicon-valley-unicorn-theranos-and-ceo-elizabeth-
holmes-2018-5/?international=true&r=US
Zhou,
J., Wang, X. M., Bavato, D., Tasselli, S., & Wu, J. (2019). Understanding
the Receiving Side of Creativity: A Multidisciplinary
Review and Implications
for Management Research . Journal of Management, 1-26.