Chapter 2 inside the entrepreneurial mind from ideas

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Chapter 2 inside the entrepreneurial mind from ideas

  1. 1. CHAPTER 2 INSIDE THE ENTREPRENEURIAL MIND FROM IDEAS TO REALITYThe world is but a canvas to the imagination. Henry David Thoreau The best way to have a good idea is to have lots of ideas. Linus Pauling
  2. 2. CHAPTER 2 INSIDE THE ENTREPRENEURIAL MIND FROM IDEAS TO REALITY Creativity -The ability to develop new ideas and to discover new ways of looking at problems and opportunities. Innovation -The ability to apply creative solutions to problems and opportunities to enhance or to enrich people‟s lives. Entrepreneurship-Entrepreneurship is more than simply “starting a business.” The definition of entrepreneurship is a process through which individuals identify opportunities, allocate resources, and createvalue. This creation of value is often through the identification of unmet needs or through the identification of opportunities forchange . http://www.gregwatson.com/entrepreneurship-definition/
  3. 3. CHAPTER 2INSIDE THE ENTREPRENEURIAL MIND FROM IDEAS TO REALITY Why creativity and innovation are such an integral part of entrepreneurship? How creative are you? http://www.blogthings.com/howcreativeareyouquiz/ Creative Thinking Specific thought processes which improve the ability to be creative. Being in an optimal state of mind for generating new ideas. To think deliberately in ways that improve the likelihood of new thoughts occurring. To maximize the ability of the brain to think of new ideas. The ability to think of original, diverse and elaborate ideas. A series of mental actions which produce changes and developments of thought. The process of exploring multiple avenues of actions or thoughts. (Sometimes called divergent thinking because thought patterns and areas of belief are expanded.)
  4. 4. CHAPTER 2INSIDE THE ENTREPRENEURIAL MIND FROM IDEAS TO REALITY How is human brain works?-Research into the operation of the human brain shows thateach hemisphere of the brain processes informationdifferently and that one side of the brain tends to be dominantover the other.-The human brain develops asymmetrically, and eachhemisphere tends to specialize in certain functions.-The left brain is guided by linear, vertical thinking (fromlogical conclusion to the next).-The right brain relies on kaleidoscopic, lateral thinking(considering a problem from all sides and jumping into it atdifferent points).
  5. 5. CHAPTER 2INSIDE THE ENTREPRENEURIAL MIND FROM IDEAS TO REALITY How is human brain works? Left Brain -language, logic and symbols Right brain -body emotional, intuitive and spatial functions.
  6. 6. CHAPTER 2INSIDE THE ENTREPRENEURIAL MIND FROM IDEAS TO REALITY Barriers to Creativity1.Searching for the one right answer.2. Focusing on being logical.3. Blindly following the rules.4. Constantly being practical.5. Viewing play as frivolous.6. Becoming overly specialized.7. Avoiding ambiguity8. Fearing looking foolish.9. Fearing mistakes and failure10. Believing that “I‟m not creative”.
  7. 7. CHAPTER 2INSIDE THE ENTREPRENEURIAL MIND FROM IDEAS TO REALITY How to enhance creativity?Enhancing Organizational Creativity1. Include creativity as a company value.2. Embracing diversity.3. Expecting creativity.4. Expecting and tolerating failure.5. Creating and organizational structure that nourishes creativity.6. Encouraging curiosity.7. Create a change of scenery periodically.8. Viewing problems as opportunities.9. Providing creativity training.10. Providing support.
  8. 8. CHAPTER 2INSIDE THE ENTREPRENEURIAL MIND FROM IDEAS TO REALITY How to enhance creativity?Enhancing Organizational Creativity11. Developing a procedure for capturing ideas.12. Talking with customers-or better yet interacting with them.13. Looking for uses for your company‟s products or services in other markets.14. Rewarding creativity.
  9. 9. CHAPTER 2INSIDE THE ENTREPRENEURIAL MIND FROM IDEAS TO REALITY How to enhance creativity?Enhancing Individual Creativity.1. Allow yourself to be creative.2. Give your mind fresh input everyday.3. Observe the products and services of other companies, especially those in completely different markets.4. Recognize the creative power or mistakes.5. Notice what is missing.6. Keep a journal handy to record your thoughts and ideas.7. Listen to other people.8. Listen to customers.9. Talk to a child.10. Do something ordinary in an unusual way.11. Keep a toy box in your office.12. Do not throw seemingly „bad ideas‟.13. Read books on stimulating creativity or take class on creativity.14. Take some time off.15. Be persistent.

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