**1. Introduction**

In the neoclassical theory, land, labor, and capital were considered, but capital is divided into fixed capital, labor capital, and financial capital. Regarding the factors of production in the classical theory (Adam Smith, etc.) of economic studies, the factors of production were considered land, labor, and capital. In the Marxist theory (Karl Marx, Frederik Engels, etc.), it was considered labor, the subjects of work, and the means of work. In environmental economics, production factors were known

beginning in the latter half of the twentieth century, in addition to matter, energy, and design intelligence, the entrepreneurial spirit started to be discussed as a factor in production (entrepreneurship).

While this chapter emphasizes that innovation is a quality shared by employees as well as entrepreneurs, some academics regard innovation as a component of entrepreneurship. Accordingly, for innovation to occur, subjects or companies must establish the framework in which employees can carry it out.

Creativity is a prerequisite for innovation and cannot happen without it. When there are enough and the right conditions, an individual can move from creativity to innovation. This person is distinguished by their creative abilities. If the invention is sound, the market will experience a competitive and comparative economic advantage, which is further aided by ongoing quality improvement and the adherence to and use of quality management systems and standards.

During the pandemic period, when the traditional view of factors of production where labor, land, and capital were treated as the most important factors is almost finished, as well as discussing only entrepreneurship, since entrepreneurship is the most recent factor of production, the combination of early factors of production (land, labor, and capital) with modern factors of production (entrepreneurship and technological innovation) made it possible for many entities operating in different sectors of the global economy to succeed [1].

For this reason, the components of products that were also taken into account in this study include labor, land, capital, entrepreneurship, and innovation.

The past economic crises, particularly the one from 2007 to 2013, natural disasters with a focus, pandemics, particularly the COVID-19 virus, have all increased the value of a culture of quality management, innovative activities, and creative ideas, which, when combined, have positive economic effects.

Inventions, as well as new ideas and concepts, were already associated with creativity. Currently, creativity receives more attention across several fields. This attention was mostly focused on the social sciences, humanities, economics, entrepreneurship, health, agro-processing, education, engineering, philosophy, and so on, and is primarily focused on ideas produced by the actions of both individuals and groups of individuals [2].

Typically, innovation is defined as the combination of new features that leads to meliorated and/or newly discovered goods, innovative processes, procedures, regulations, record keeping, manipulations, manufacturing, improved penetration in existing markets, introduction to new markets or clients, actualization of new models of resource usage, meliorated business models, and so on.

In most cases, this is closely related to how creativity and innovation are supported, the effectiveness of entrepreneurial activities (processes, procedures, regulations, orders, products, services, methodologies and methods, tools, technologies, etc.), the human resources involved in these creative and innovative processes, as well as the processes of quality and its management. The resulting goods and services are marketed to clients as standalone goods and services or in combinations, primarily through B2B, B2C, and B2G. These products are one-of-a-kind shoes of the highest caliber at reasonable pricing.

This enables these products to enter the market more quickly and with lower marketing expenses. Innovation does not need to result in an invention. It is sufficient to have a product or service with a more practical application approach. Making decisions to address issues related to enhancing the quality of life is today the primary objective, and this unquestionably involves innovation. Therefore, new, novelty, and

*A Worldwide Regression Analysis of Relations between Creativity, Innovation, and Quality… DOI: http://dx.doi.org/10.5772/intechopen.111744*

innovation all refer to the creativity that is shown in both individual and group activities.

It makes sense that a business would need to make quality and cultural investments to attain, maintain, and manage creative and innovative operations.

The values of the previous work's accomplishments and successes, as well as its ongoing improvement, comprise the quality culture. It is precisely this approach to culture in general and to the culture of quality in particular that makes it possible, through interventions that correct and prevent low quality, to make it possible to offer quality goods on the market at the most suitable prices for economic agents. It is precisely this culture that makes it possible to improve the quality of the products and services provided by various entities.

Successful businesses around the world appear to have had and now have a focus on "doing the job well the first time." This is demonstrated by (1) the development of human resources both individually and within work groups, (2) the establishment of tolerance and respect as the cornerstones of organizational communication activities, (3) managerial responsibilities and procedures, and (4) entrepreneurial activity, as fundamental, main values that unquestionably have a positive impact on the economy.

They are precisely ISO standardized, which technically embodies the quality culture. Both the public and private sectors have shown an increasing interest in ISO standards in recent years, particularly during the pandemic. This was because these standards were primarily concerned with the improvement of processes, procedures, regulations, and data retention, which enables the further improvement of product and service quality to meet consumer expectations.

The incorporation of managerial functions, such as planning, budgeting, leadership, motivation, and control, into an organization's day-to-day operations enables it to further define and improve its quality policies, objectives, and responsibilities. These managerial functions can be strategic, operational, or applied, and they enable an organization to put these policies, objectives, and responsibilities into practice through ongoing improvements in the caliber of its products and services. This occurs every day. This is precisely what ISO standardization and quality management system are for.

## **2. Literature review**

The reason why the literature on quality and its management, creativity and creative abilities, innovation and novelty, and so on, continues to advance, expand with new knowledge, and develop more and more on a scientific basis is that these concepts when applied with care and intelligence, enable all types of public and private entities to achieve, maintain, and manage economic success. This phenomenon of the global economy existed for at least the last 20 years of the twentieth century and the twenty first century in markets where supply is much more than demand.
