Cost-benefit analysis is a tool to evaluate which proposed option is the most cost-efficient in the long-term and in the short-term through identifying the cost of each project to determine whether the option is feasible financially. Through the valuation of different options in terms of the benefit-cost ratio, a business can develop their project more efficient, contributing to continuous improvement.
Creativity is efficient for the problem-solving process and increases the productivity of a business in many aspects. Creativity is the driven force for innovation. Creativity can produce new ideas, provide alternative methods to address problems. Creativity and innovation make a business differentiate from other business and become more competitive in the market, which are widely used in promotion and marketing and technology development. Creativity can guide the direction of the business. With creativity, the business can view the market from a new perspective, by which the business can find a niche or lead the market.
The principle of organizational learning includes encouraging individual learning and collective learning in the organization, building the learning environment for individuals, connecting the individual learning with collective learning, considering learning as an important way for business renewal as well as a tool for achieving business goals, encouraging people to share their ideas in order to enhance knowledge flow in the business.