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This paper presents an early attempt at developing a framework for studying organizational creativity in the IS domain. A managerial model of organizational creativity is proposed, tying together organizational inputs, creative processes, creative outputs and organizational outcomes based an research in organizational creativity, organizational innovation and strategic management. The model is discussed in the setting of the IS domain and shows not only how critical factors of the IS organization could affect the creative IS processes, but also how the outputs of the IS creative processes are related to organizational outcomes. We discuss the business value of IS creativity in terms of increased organizational effectiveness and efficiency. The model with supporting literature on creativity and IS is used to develop a framework for studying IS creativity. Several research propositions are suggested to test the model.