Chapter 2 showing eneterprise
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Enterprise involves taking risks to establish new business ventures. Creative thinking and asking questions are important skills for entrepreneurs. When developing new products or ideas, entrepreneurs should evaluate ideas, consider customer wants and needs, and address potential problems. To be enterprising, one needs creativity, risk-taking ability, and skills like thinking ahead, showing initiative, making connections, demonstrating leadership, and decision making.
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Unlocking Innovation: Training Teams and Individuals to have Every Day Breakt...Career Communications Group
Unlocking Innovation: Training Teams and Individuals to Have Every Day Breakthroughs
In order to stay ahead of the competition, people and teams must be creative and innovative. The key to success is engaging in ways of thinking that inspires breakthroughs. Science and technology is about using talent and skills to create possibilities. Did you know that there are proven tools to inspire teams to have every day breakthroughs? Uncover hidden talent on your team; learn strategies that are not only fun and creative, but also just might help you create the next breakthrough.
Learning Outcomes: Improve leadership skills to motivate, inspire, and foster innovation within an organization
At the end of this seminar participants will be able to:
a) Explore leadership skills that encourage creativity
b) Learn techniques and tools that support an inventive mind
c) Play games that inspire creativity and innovation
Ap
Entrepreneurship involves strategic risk-taking to create new opportunities. Small businesses make up most companies and provide many jobs. Starting a new venture requires identifying a market need, developing a business plan, and obtaining financing. Resources like business incubators and development centers support entrepreneurship. New ventures aim to profit while meeting economic and social goals like job creation, innovation, and consumer satisfaction.
creative-problem-solving-supplemental-self-study-presentation.ppsx
This document provides an overview of creative problem solving. It discusses defining creativity and innovation, overcoming common misconceptions about creativity, managing creativity within time constraints, and examples of companies that foster innovation like 3M. It also covers developing rough ideas, presenting ideas, dealing with political obstacles, strengthening problem solving skills, and promoting creativity in the workplace through recognition, compensation, and humor. The document uses examples, questions, and graphics to explore various aspects of creative problem solving.
creative-problem-solving-supplemental-self-study-presentation.pptx
This document provides an overview of creative problem solving. It discusses defining creativity and innovation, overcoming common misconceptions about creativity, managing creativity and time constraints, developing rough ideas, strengthening problem solving skills, and promoting creativity in the workplace. Key points include that both creativity and innovation are necessary for business success, creativity involves generating new ideas with value while innovation creates practical applications, and that failure is an important part of the creative problem solving process.
10 Tips on how to be an Awesome Product Manager
This document provides 10 tips for new product managers to get off to a flying start in their new role. The tips include finding the right people to talk to, asking smart questions to understand customer needs, analyzing the collected data without jumping to solutions, understanding the product through use and research, measuring the right key performance indicators, communicating findings internally, and continually developing skills to improve performance. The overall message is that good product management is about delivering customer-centric products that provide business value through a blend of logic, insight and creativity.
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Unlocking Innovation: Training Teams and Individuals to have Every Day Breakt...
Unlocking Innovation: Training Teams and Individuals to have Every Day Breakt...
creative-problem-solving-supplemental-self-study-presentation.ppsx
creative-problem-solving-supplemental-self-study-presentation.ppsx
creative-problem-solving-supplemental-self-study-presentation.pptx
creative-problem-solving-supplemental-self-study-presentation.pptx
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Chapter 2 showing eneterprise
- 1. Showing Enterprise -What is enterprise? - Thinking creatively - Questions to be asked - Invention and innovation - Taking a calculated risk - Important enterprise skills
- 2. Enterprise A willingness to take risks and show initiative in order to establish new business ventures • Without enterprise or entrepreneurs new business will not be started
- 3. Thinking Creatively • A mental process involving the generation of new ideas or concepts, or new associations between existing ideas or concepts • This means that creative thinking is about: - innovation - new product ideas - improving existing ideas - solving problems - obtaining a competitive advantage • Most importantly, it is about asking questions
- 4. Evaluating New Ideas • Thinking creatively may generate a large number of ideas, the key is identifying the good ones The six thinking hats What does out What are the What facts do we intuition tell us? potential know What are we problems? feeling? How can the What are the What decisions problems be benfits have been made? solved?
- 5. What Questions Do Entrepreneurs Ask? • Why? - Looking at the current situation to try to identify opportunities - Can help a business identify possible opportunities • Why not? - Requires firms to look beyond the obvious - Ideal if a firm wants to know about the future > why not...? > what if...? > why don’t we...?
- 6. Invention and Innovation Success? Innovation Invention The ability to build upon To develop a completely new ideas based on new product ones that already exist
- 7. Product Development • When participating in invention or innovation it is important to ask these questions: - What do customers want? - How long will they want it for? - Are the materials available? - How much will it cost to produce? - Is the product safe? - What are our competitors doing? - Which method of production should be used?
- 8. Protecting the Product • Developing new products is time consuming and expensive, so businesses will want to protect their new product Patents - Has to be applied for - gives the inventor the sale rights over their idea for the next 20 years Copyright - the copyright owner has the legal right to prevent unauthorised copying of their work Licence - Applies to a single product
- 9. Risks • Running a business is risky • To avoid risks businesses should - Know what that customer wants - Ensure they can deliver what the customer wants - Make sure they have the finance • Main rewards - To become wealthy - For the buzz - To become your own boss
- 10. Calculated Risks • Since risk is unavoidable, it is important to think about what might happen which can then be used to make informed decisions • To do this firms must think about: - What are the chances of success? - What are the costs or benefits likely to be? - What are the implications on the business? • In order to answer these questions, firms must - Gather information - Make a decision
- 11. What Does it Take to be Enterprising? • Creativity and the willingness to take risks aren’t the only qualities needed to be enterprising • You also need to be able to: - Think ahead - Show initiative - Make connections - Show leadership - Make decisions • Using a mind map is a useful tool to develop these enterprising qualities