The document discusses the Ingenuity Creative Problem Solving Process. It begins by introducing the process and reviewing literature on divergent and convergent thinking in creative problem solving. It then discusses using the Herrmann Whole Brain Approach to form a diverse team. The team uses the Ingenuity process of defining, discovering, and determining to identify a problem - Malaysia's aging population - and potential opportunity to address it. Research found Malaysia will reach aging nation status by 2035, indicating a need to address impacts of an older population.
ECD Lecture 1 - challenges of entrepreneurshipgayporkkkkkk
This document summarizes the first lecture of an entrepreneurship course. The lecture covered key definitions related to entrepreneurship, motivations for becoming an entrepreneur, important entrepreneurial attributes, types of risks entrepreneurs face, sources and effects of stress for entrepreneurs, and defining ethical issues entrepreneurs may encounter. Assessment requirements for the course included a business plan, individual and group assignments, and class participation. Recommended reading from entrepreneurship textbooks was also provided.
Creativity and innovation in entrepreneurshipKunal Singh
Creativity involves generating new ideas, innovation is implementing those ideas, and entrepreneurship combines both. Creativity thrives on flexibility, originality, and idea generation. The innovation process takes creativity further by developing ideas into useful new products, services, and processes. Entrepreneurs play a key role in innovation by recognizing opportunities, mobilizing resources, and commercializing new ideas to create value for customers and economic growth.
1) Shiv Nadar is the founder of HCL, one of India's largest IT companies, and is considered the father of India's IT industry.
2) In 1976, he founded HCL with a vision to manufacture computers in India. He raised initial funds by selling scientific calculators.
3) Under his leadership, HCL became the first company to launch many IT initiatives in India such as the country's first desktop PC, home PC, and Pentium 4 PC.
4) Today, HCL is a $4.1 billion conglomerate with 47,000 employees across 17 countries and over 500 global clients. Nadar has received several honors for his contributions to India's
Entrepreneurship provides numerous economic benefits to a country including increasing employment opportunities, creating new industries, and generating higher incomes. It leads to job creation, both through self-employment and by businesses hiring more employees. Successful entrepreneurial activities can raise standards of living and increase tax revenues. This supports economic growth as more industries boost production capacity and encourage local sourcing of materials. Greater entrepreneurship reduces reliance on imports by enabling countries to produce and export more locally-made goods.
Session 1 - What is an Entrepreneurial Opportunity?Pontus Engstrom
This document provides an overview of entrepreneurial opportunities. It defines an entrepreneurial opportunity as an idea that can be exploited to generate economic benefits. The document discusses four schools of thought on entrepreneurship and describes entrepreneurs as those who discover opportunities others do not see or are willing to finance. It explains that opportunities exist due to imbalances in markets or resources and that entrepreneurs act to create equilibrium. The document also discusses factors that influence an individual's ability to recognize opportunities, such as cognition, knowledge, experience, and networks. It proposes that individuals can be trained to more successfully recognize patterns and opportunities.
The document discusses creativity and business ideas. It covers the concept of creativity including the stages of idea germination, preparation, incubation, illumination, and verification. It also discusses trend analysis and common sources for generating new venture ideas. Several methods for generating ideas and solving problems are outlined, including brainstorming, reverse brainstorming, and the Delphi technique. The document also covers types of innovation like breakthrough, technological, and incremental innovation. It defines new products and provides classifications from the consumer and firm perspective. Finally, it discusses opportunity recognition and the product planning and development process.
Business innovation involves putting new ideas or approaches into action to create commercially successful products or services. The innovation process typically involves research and development, invention, testing prototypes, and feedback before commercial launch. Innovation builds on invention by applying inventions to create marketable products or services. Innovation benefits businesses by improving productivity and reducing costs, increasing quality, building product ranges, and creating added value to differentiate from competitors. However, risks include competition replicating innovations, uncertain commercial returns on research investments, and difficulties securing financing for research and development activities.
ECD Lecture 1 - challenges of entrepreneurshipgayporkkkkkk
This document summarizes the first lecture of an entrepreneurship course. The lecture covered key definitions related to entrepreneurship, motivations for becoming an entrepreneur, important entrepreneurial attributes, types of risks entrepreneurs face, sources and effects of stress for entrepreneurs, and defining ethical issues entrepreneurs may encounter. Assessment requirements for the course included a business plan, individual and group assignments, and class participation. Recommended reading from entrepreneurship textbooks was also provided.
Creativity and innovation in entrepreneurshipKunal Singh
Creativity involves generating new ideas, innovation is implementing those ideas, and entrepreneurship combines both. Creativity thrives on flexibility, originality, and idea generation. The innovation process takes creativity further by developing ideas into useful new products, services, and processes. Entrepreneurs play a key role in innovation by recognizing opportunities, mobilizing resources, and commercializing new ideas to create value for customers and economic growth.
1) Shiv Nadar is the founder of HCL, one of India's largest IT companies, and is considered the father of India's IT industry.
2) In 1976, he founded HCL with a vision to manufacture computers in India. He raised initial funds by selling scientific calculators.
3) Under his leadership, HCL became the first company to launch many IT initiatives in India such as the country's first desktop PC, home PC, and Pentium 4 PC.
4) Today, HCL is a $4.1 billion conglomerate with 47,000 employees across 17 countries and over 500 global clients. Nadar has received several honors for his contributions to India's
Entrepreneurship provides numerous economic benefits to a country including increasing employment opportunities, creating new industries, and generating higher incomes. It leads to job creation, both through self-employment and by businesses hiring more employees. Successful entrepreneurial activities can raise standards of living and increase tax revenues. This supports economic growth as more industries boost production capacity and encourage local sourcing of materials. Greater entrepreneurship reduces reliance on imports by enabling countries to produce and export more locally-made goods.
Session 1 - What is an Entrepreneurial Opportunity?Pontus Engstrom
This document provides an overview of entrepreneurial opportunities. It defines an entrepreneurial opportunity as an idea that can be exploited to generate economic benefits. The document discusses four schools of thought on entrepreneurship and describes entrepreneurs as those who discover opportunities others do not see or are willing to finance. It explains that opportunities exist due to imbalances in markets or resources and that entrepreneurs act to create equilibrium. The document also discusses factors that influence an individual's ability to recognize opportunities, such as cognition, knowledge, experience, and networks. It proposes that individuals can be trained to more successfully recognize patterns and opportunities.
The document discusses creativity and business ideas. It covers the concept of creativity including the stages of idea germination, preparation, incubation, illumination, and verification. It also discusses trend analysis and common sources for generating new venture ideas. Several methods for generating ideas and solving problems are outlined, including brainstorming, reverse brainstorming, and the Delphi technique. The document also covers types of innovation like breakthrough, technological, and incremental innovation. It defines new products and provides classifications from the consumer and firm perspective. Finally, it discusses opportunity recognition and the product planning and development process.
Business innovation involves putting new ideas or approaches into action to create commercially successful products or services. The innovation process typically involves research and development, invention, testing prototypes, and feedback before commercial launch. Innovation builds on invention by applying inventions to create marketable products or services. Innovation benefits businesses by improving productivity and reducing costs, increasing quality, building product ranges, and creating added value to differentiate from competitors. However, risks include competition replicating innovations, uncertain commercial returns on research investments, and difficulties securing financing for research and development activities.
Creativity and innovation are important for problem solving and business growth. [1] Creativity involves generating new ideas, while innovation is the process of developing and applying creative ideas. [2] For an organization, innovation refers to converting new ideas into useful products, services, or practices. [3] While creativity is needed for innovation, it is not sufficient on its own - innovative ideas must also be applied successfully.
BUSINESS OPPORTUNITY
WHAT IS OPPORTUNITY ?
TYPES OF SITUATIONAL FACTORS
EMERGENCE OF OPPORTUNITY
OPPORTUNITY IDENTIFICATION
OBSERVING CHANGES IN THE ENVIRONMENT
RECOGNIZE PROBLEM AND FIND SOLUTION
BUSINESS OPPORTUNITY AND SELECTION
THINKING MODES
The document discusses entrepreneurship and introduces key concepts:
1) Entrepreneurship is creating something new of value by devoting time and effort while accepting risks and potential rewards.
2) An entrepreneur actively starts and leads their own business to grow and prosper by recognizing opportunities and managing resources.
3) Entrepreneurship can lead to innovation, job creation, and economic growth through organizing resources and creating new products/services.
This document discusses strategies for exiting a business venture, including succession planning, selling the business, and bankruptcy options. It provides details on transferring ownership to family or non-family members, directly selling the business, using an employee stock ownership plan, or pursuing a management buyout. The different types of bankruptcy are explained, including Chapter 7 liquidation, Chapter 11 reorganization, and Chapter 13 extended payment plans. Key considerations for surviving or recovering from bankruptcy are also outlined.
An entrepreneur is defined in several ways in the document. Adam Smith defined an entrepreneur as someone who provides capital for a business but does not take an active role. Others define an entrepreneur as someone who identifies opportunities to improve an environment, marshals resources, and implements actions to maximize opportunities. An entrepreneur also sets up businesses, takes on financial risk, and hopes to earn a profit. Entrepreneurship involves seeking investment opportunities, organizing an enterprise, raising capital, arranging supplies and managers. It is a creative activity that involves doing things not typically done in the ordinary course of business. Entrepreneurship is a multi-dimensional concept that emerges within socio-economic and cultural settings.
The document outlines the 5 key stages in the entrepreneurial process:
1) Discovery - generating business ideas and recognizing opportunities
2) Concept Development - creating a business plan and choosing a location
3) Resourcing - identifying financial, human, and capital resources for startup
4) Actualization - operating the business and utilizing resources to achieve goals
5) Harvesting - deciding on the business's future growth, development or demise
The document discusses identifying business opportunities by scanning the external environment and one's own skills. It describes scanning politically, economically, socially and technologically to understand customer needs. Both macro environmental scanning (e.g. of industries) and micro scanning (e.g. specific opportunities within industries) are important. Self-evaluation of one's experience, knowledge, skills, finances and interests helps identify viable opportunities. Screening opportunities considers legality, competition, capital needs, risk, liquidity, credit availability and exchange rates.
The document discusses entrepreneurship and intrapreneurship. It defines entrepreneurship as seeking opportunities to create new things and exploiting those opportunities to start new businesses. Intrapreneurship refers to behaving entrepreneurially within an existing company. The document outlines key activities of entrepreneurs like identifying opportunities and exploiting them. It provides examples of successful entrepreneurs like Tony Tan Caktiong of Jollibee and Bill Gates of Microsoft. It also discusses how companies can foster intrapreneurship through policies like allocating resources and time for innovative projects. Overall, the document compares entrepreneurs and intrapreneurs while outlining strategies for organizations to promote entrepreneurial behavior.
The Concept of Corporate Entrepreneurship - IntrapreneurshipGaurav Singh Bisen
Presentation on Corporate Entrepreneurship, its strategies. Intrapreneurship & Leaders of such culture in market. Case Study of Google and its successful products and innovations.
This document discusses creativity and innovation. It defines creativity as the generation of novel and useful ideas, while defining innovation as the implementation of new ideas. Creativity involves idea generation and is seen as the first step of innovation. The document also discusses different types of creativity and innovation, as well as factors that influence them at the individual, group and organizational levels. It links creativity and innovation, noting that creativity is necessary for generating ideas that can then be implemented through innovation.
The document analyzes motivations for entrepreneurship using survey data from 1,000 entrepreneurs and interviews with 40 entrepreneurs. It finds that while necessity entrepreneurship is common, motivations are complex, with autonomy, challenge, financial goals, and family legacy also playing important roles. Entrepreneurial motivations are generally stable but increased in importance during the recession, with recession-era entrepreneurs more ambitious. Higher growth expectations, linked to challenge and financial motivations, influence business performance and survival rates more than opportunity-necessity distinctions alone.
This document provides a syllabus for an Entrepreneurial Development course. It outlines 4 units that will be covered: (1) entrepreneur traits and types, (2) competing theories of entrepreneurship and entrepreneur development programs, (3) entrepreneur motivation and behavior, and (4) searching for business ideas and preparing feasibility reports. The syllabus also includes sample questions that will be asked to assess students, focusing on defining key terms and explaining concepts covered in the various units.
importance of Business plan in entrepreneurshipNeha Chouhan
This document discusses the importance of developing a business plan for entrepreneurship. It begins by defining a business and entrepreneurship. It then explains that a business plan is a selling document that conveys the promise of a business to potential backers. The document outlines the key components of a business plan, including an executive summary, company summary, products/services, market analysis, strategy, management, and financials. It emphasizes that a business plan provides insight into a business, can help secure financing, and allows owners to objectively evaluate strengths and weaknesses. Developing an extensive plan takes time but can prevent business failure and guide long-term success.
The document traces the development of entrepreneurship from early periods through modern times. It discusses how entrepreneurs have evolved from signing contracts to taking on risks and rewards of new ventures. The key aspects of entrepreneurship discussed include identifying opportunities, developing business plans, obtaining resources, and managing new enterprises. Different types of startups like lifestyle firms and high-potential ventures are also outlined. Finally, the document examines the role of entrepreneurship in economic development and innovation.
Intrapreneurship is the practice of entrepreneurship within an existing organization. It allows employees to take initiative and try new ideas through internal corporate ventures. Some key features of intrapreneurship include thinking like an entrepreneur to find opportunities that benefit the organization. Companies that adopt intrapreneurship see benefits like increased revenues and profits, as well as an improved corporate image that helps with recruiting top talent. Examples of companies that foster intrapreneurship include 3M, Intel, and Google.
Recognizing Opportunities and generating Ideas.Fahad Mahmood
The document discusses techniques for recognizing opportunities and generating ideas for new businesses. It describes three approaches entrepreneurs use to identify opportunities: observing trends, solving problems, and finding gaps in the marketplace. Personal characteristics like prior experience, social networks, cognitive factors, and creativity can help entrepreneurs recognize opportunities. The document also outlines techniques for generating ideas like brainstorming, focus groups, and research. It emphasizes that developing new ideas is important for entrepreneurial success.
This document discusses various legal issues that entrepreneurs should consider, including intellectual property (patents, trademarks, copyrights, and trade secrets), selecting lawyers, patent types and processes, trademarks, copyrights, trade secrets, licensing, product safety and liability, insurance, the Sarbanes-Oxley Act, and contracts. It provides information on each topic and considerations for entrepreneurs.
The document identifies various methods for recognizing business opportunities, generating new ideas through creative thinking, and evaluating the feasibility of potential business opportunities. Sources of opportunities include problems, changes, new discoveries, and existing products/services. Creative thinking techniques involve challenging assumptions, thinking backward, being flexible, postponing judgment, using visual maps, and brainstorming alone or in groups. Opportunities can be pursued by starting a new business, buying an existing business, purchasing a franchise, or becoming an inventor. Feasibility is assessed through cost/benefit analysis, opportunity cost analysis, and SWOT analysis.
Small Business Management Chapter 6 PowerPointLeahBusby1
This document provides an overview of Chapter 6 from an educational text on business plans. The chapter covers the purpose and key elements of business plans, how to develop an effective business model, and guidance on the preferred content and structure of a business plan. It emphasizes that the business model forms the foundation of any good business plan and discusses how to analyze revenue models, cost structures, resource needs, and risks. It also outlines the main sections that should typically be included in a business plan, such as the opportunity analysis, management team, financing details, and financial projections.
Intrapreneurship involves entrepreneurial behavior within an existing organization. It allows organizations to benefit from innovation while drawing on existing resources. To foster intrapreneurship, organizations should establish an environment that encourages risk-taking, experimentation, and multidisciplinary teamwork. They should also implement reward systems for intrapreneurs and have top management support for entrepreneurial activities. Successfully establishing intrapreneurship involves securing commitments, identifying ideas, setting expectations, developing support structures, and implementing an evaluation system.
Ideas have been the driving force of humanity. From a simple circular wheel carved from rock back in the stone ages to the first airplanes and telephones, innovative ideas have sparked off revolutionary changes in society. Now in this competitive world, ideas have become more important to us than actions. Companies have begun asking designers to generate solutions that meet the needs and desires of the consumer.
As such, there was a need to streamline and increase the efficiency of producing and sharing ideas within teams. This gave birth to several idea generation techniques, which allowed everyone to play a part in the creative process, a role allotted strictly to designers and engineers for the last few years.
Idea generation techniques meant anyone could participate in creating new ideas. It allowed people to share and build up on existing solutions, to foresee future problems, and essentially, to think big in terms of design. It brought different specializations together to create a more diverse think-tank that can tackle problems from several perspectives.
This report is divided into three parts.
First, we shall look into several idea generation techniques, both popular ones and the uncommon ones, question their uses and value by providing examples of products developed using the specific techniques.
Second, we discuss whether idea generation methods and techniques are important in coming up with new ideas? Are they the driving factor in generating ideas?
Lastly, we conclude with our personal view on idea generation techniques, along with stating which methods, if any, would we prefer to use.
Towards the end we aim to achieve a better understand of the creative thinking process as a whole and how to effectively solve all issues, design or otherwise.
This document summarizes key points from a presentation on creative thinking and problem solving. It defines creativity and discusses various aspects of creative thinking like divergent thinking, convergent thinking, and lateral thinking. It also covers the physiology and psychology of creative thinking, including traits of creative people. The presentation discusses models of creativity like the 4Cs model and the Medici Effect. It outlines the creative problem solving process and tools. The document then summarizes a study conducted among postgraduate students on their creative problem solving aptitude and factors influencing creativity. Finally, it reviews several studies on the relationship between creativity, intelligence, problem solving skills, and other variables.
Creativity and innovation are important for problem solving and business growth. [1] Creativity involves generating new ideas, while innovation is the process of developing and applying creative ideas. [2] For an organization, innovation refers to converting new ideas into useful products, services, or practices. [3] While creativity is needed for innovation, it is not sufficient on its own - innovative ideas must also be applied successfully.
BUSINESS OPPORTUNITY
WHAT IS OPPORTUNITY ?
TYPES OF SITUATIONAL FACTORS
EMERGENCE OF OPPORTUNITY
OPPORTUNITY IDENTIFICATION
OBSERVING CHANGES IN THE ENVIRONMENT
RECOGNIZE PROBLEM AND FIND SOLUTION
BUSINESS OPPORTUNITY AND SELECTION
THINKING MODES
The document discusses entrepreneurship and introduces key concepts:
1) Entrepreneurship is creating something new of value by devoting time and effort while accepting risks and potential rewards.
2) An entrepreneur actively starts and leads their own business to grow and prosper by recognizing opportunities and managing resources.
3) Entrepreneurship can lead to innovation, job creation, and economic growth through organizing resources and creating new products/services.
This document discusses strategies for exiting a business venture, including succession planning, selling the business, and bankruptcy options. It provides details on transferring ownership to family or non-family members, directly selling the business, using an employee stock ownership plan, or pursuing a management buyout. The different types of bankruptcy are explained, including Chapter 7 liquidation, Chapter 11 reorganization, and Chapter 13 extended payment plans. Key considerations for surviving or recovering from bankruptcy are also outlined.
An entrepreneur is defined in several ways in the document. Adam Smith defined an entrepreneur as someone who provides capital for a business but does not take an active role. Others define an entrepreneur as someone who identifies opportunities to improve an environment, marshals resources, and implements actions to maximize opportunities. An entrepreneur also sets up businesses, takes on financial risk, and hopes to earn a profit. Entrepreneurship involves seeking investment opportunities, organizing an enterprise, raising capital, arranging supplies and managers. It is a creative activity that involves doing things not typically done in the ordinary course of business. Entrepreneurship is a multi-dimensional concept that emerges within socio-economic and cultural settings.
The document outlines the 5 key stages in the entrepreneurial process:
1) Discovery - generating business ideas and recognizing opportunities
2) Concept Development - creating a business plan and choosing a location
3) Resourcing - identifying financial, human, and capital resources for startup
4) Actualization - operating the business and utilizing resources to achieve goals
5) Harvesting - deciding on the business's future growth, development or demise
The document discusses identifying business opportunities by scanning the external environment and one's own skills. It describes scanning politically, economically, socially and technologically to understand customer needs. Both macro environmental scanning (e.g. of industries) and micro scanning (e.g. specific opportunities within industries) are important. Self-evaluation of one's experience, knowledge, skills, finances and interests helps identify viable opportunities. Screening opportunities considers legality, competition, capital needs, risk, liquidity, credit availability and exchange rates.
The document discusses entrepreneurship and intrapreneurship. It defines entrepreneurship as seeking opportunities to create new things and exploiting those opportunities to start new businesses. Intrapreneurship refers to behaving entrepreneurially within an existing company. The document outlines key activities of entrepreneurs like identifying opportunities and exploiting them. It provides examples of successful entrepreneurs like Tony Tan Caktiong of Jollibee and Bill Gates of Microsoft. It also discusses how companies can foster intrapreneurship through policies like allocating resources and time for innovative projects. Overall, the document compares entrepreneurs and intrapreneurs while outlining strategies for organizations to promote entrepreneurial behavior.
The Concept of Corporate Entrepreneurship - IntrapreneurshipGaurav Singh Bisen
Presentation on Corporate Entrepreneurship, its strategies. Intrapreneurship & Leaders of such culture in market. Case Study of Google and its successful products and innovations.
This document discusses creativity and innovation. It defines creativity as the generation of novel and useful ideas, while defining innovation as the implementation of new ideas. Creativity involves idea generation and is seen as the first step of innovation. The document also discusses different types of creativity and innovation, as well as factors that influence them at the individual, group and organizational levels. It links creativity and innovation, noting that creativity is necessary for generating ideas that can then be implemented through innovation.
The document analyzes motivations for entrepreneurship using survey data from 1,000 entrepreneurs and interviews with 40 entrepreneurs. It finds that while necessity entrepreneurship is common, motivations are complex, with autonomy, challenge, financial goals, and family legacy also playing important roles. Entrepreneurial motivations are generally stable but increased in importance during the recession, with recession-era entrepreneurs more ambitious. Higher growth expectations, linked to challenge and financial motivations, influence business performance and survival rates more than opportunity-necessity distinctions alone.
This document provides a syllabus for an Entrepreneurial Development course. It outlines 4 units that will be covered: (1) entrepreneur traits and types, (2) competing theories of entrepreneurship and entrepreneur development programs, (3) entrepreneur motivation and behavior, and (4) searching for business ideas and preparing feasibility reports. The syllabus also includes sample questions that will be asked to assess students, focusing on defining key terms and explaining concepts covered in the various units.
importance of Business plan in entrepreneurshipNeha Chouhan
This document discusses the importance of developing a business plan for entrepreneurship. It begins by defining a business and entrepreneurship. It then explains that a business plan is a selling document that conveys the promise of a business to potential backers. The document outlines the key components of a business plan, including an executive summary, company summary, products/services, market analysis, strategy, management, and financials. It emphasizes that a business plan provides insight into a business, can help secure financing, and allows owners to objectively evaluate strengths and weaknesses. Developing an extensive plan takes time but can prevent business failure and guide long-term success.
The document traces the development of entrepreneurship from early periods through modern times. It discusses how entrepreneurs have evolved from signing contracts to taking on risks and rewards of new ventures. The key aspects of entrepreneurship discussed include identifying opportunities, developing business plans, obtaining resources, and managing new enterprises. Different types of startups like lifestyle firms and high-potential ventures are also outlined. Finally, the document examines the role of entrepreneurship in economic development and innovation.
Intrapreneurship is the practice of entrepreneurship within an existing organization. It allows employees to take initiative and try new ideas through internal corporate ventures. Some key features of intrapreneurship include thinking like an entrepreneur to find opportunities that benefit the organization. Companies that adopt intrapreneurship see benefits like increased revenues and profits, as well as an improved corporate image that helps with recruiting top talent. Examples of companies that foster intrapreneurship include 3M, Intel, and Google.
Recognizing Opportunities and generating Ideas.Fahad Mahmood
The document discusses techniques for recognizing opportunities and generating ideas for new businesses. It describes three approaches entrepreneurs use to identify opportunities: observing trends, solving problems, and finding gaps in the marketplace. Personal characteristics like prior experience, social networks, cognitive factors, and creativity can help entrepreneurs recognize opportunities. The document also outlines techniques for generating ideas like brainstorming, focus groups, and research. It emphasizes that developing new ideas is important for entrepreneurial success.
This document discusses various legal issues that entrepreneurs should consider, including intellectual property (patents, trademarks, copyrights, and trade secrets), selecting lawyers, patent types and processes, trademarks, copyrights, trade secrets, licensing, product safety and liability, insurance, the Sarbanes-Oxley Act, and contracts. It provides information on each topic and considerations for entrepreneurs.
The document identifies various methods for recognizing business opportunities, generating new ideas through creative thinking, and evaluating the feasibility of potential business opportunities. Sources of opportunities include problems, changes, new discoveries, and existing products/services. Creative thinking techniques involve challenging assumptions, thinking backward, being flexible, postponing judgment, using visual maps, and brainstorming alone or in groups. Opportunities can be pursued by starting a new business, buying an existing business, purchasing a franchise, or becoming an inventor. Feasibility is assessed through cost/benefit analysis, opportunity cost analysis, and SWOT analysis.
Small Business Management Chapter 6 PowerPointLeahBusby1
This document provides an overview of Chapter 6 from an educational text on business plans. The chapter covers the purpose and key elements of business plans, how to develop an effective business model, and guidance on the preferred content and structure of a business plan. It emphasizes that the business model forms the foundation of any good business plan and discusses how to analyze revenue models, cost structures, resource needs, and risks. It also outlines the main sections that should typically be included in a business plan, such as the opportunity analysis, management team, financing details, and financial projections.
Intrapreneurship involves entrepreneurial behavior within an existing organization. It allows organizations to benefit from innovation while drawing on existing resources. To foster intrapreneurship, organizations should establish an environment that encourages risk-taking, experimentation, and multidisciplinary teamwork. They should also implement reward systems for intrapreneurs and have top management support for entrepreneurial activities. Successfully establishing intrapreneurship involves securing commitments, identifying ideas, setting expectations, developing support structures, and implementing an evaluation system.
Ideas have been the driving force of humanity. From a simple circular wheel carved from rock back in the stone ages to the first airplanes and telephones, innovative ideas have sparked off revolutionary changes in society. Now in this competitive world, ideas have become more important to us than actions. Companies have begun asking designers to generate solutions that meet the needs and desires of the consumer.
As such, there was a need to streamline and increase the efficiency of producing and sharing ideas within teams. This gave birth to several idea generation techniques, which allowed everyone to play a part in the creative process, a role allotted strictly to designers and engineers for the last few years.
Idea generation techniques meant anyone could participate in creating new ideas. It allowed people to share and build up on existing solutions, to foresee future problems, and essentially, to think big in terms of design. It brought different specializations together to create a more diverse think-tank that can tackle problems from several perspectives.
This report is divided into three parts.
First, we shall look into several idea generation techniques, both popular ones and the uncommon ones, question their uses and value by providing examples of products developed using the specific techniques.
Second, we discuss whether idea generation methods and techniques are important in coming up with new ideas? Are they the driving factor in generating ideas?
Lastly, we conclude with our personal view on idea generation techniques, along with stating which methods, if any, would we prefer to use.
Towards the end we aim to achieve a better understand of the creative thinking process as a whole and how to effectively solve all issues, design or otherwise.
This document summarizes key points from a presentation on creative thinking and problem solving. It defines creativity and discusses various aspects of creative thinking like divergent thinking, convergent thinking, and lateral thinking. It also covers the physiology and psychology of creative thinking, including traits of creative people. The presentation discusses models of creativity like the 4Cs model and the Medici Effect. It outlines the creative problem solving process and tools. The document then summarizes a study conducted among postgraduate students on their creative problem solving aptitude and factors influencing creativity. Finally, it reviews several studies on the relationship between creativity, intelligence, problem solving skills, and other variables.
1. Cognition involves obtaining, transforming, storing, retrieving and using information. It processes information actively and purposefully.
2. There are several theories of intelligence including Spearman's theory of general intelligence, Horn and Cattell's two-factor theory, Sternberg's triarchic theory, Gardner's theory of multiple intelligences, and Goleman's theory of emotional intelligence.
3. Problem solving involves identifying the problem, understanding its elements, and generating and evaluating solutions. Common barriers to problem solving are functional fixedness and only applying past methods.
The Principles of Creativity and InnovationMal Mai
Project short description
Review any books/magazines/articles/case study/news/ etc. related to Creativity and Innovation (CNI). Prepare a report which must include The Principles of CNI, Creativity in Problem Solving, Examples and Application of CNI, Recent/latest theory development of CNI, etc. You are also encouraged to propose new knowledge/theory of CNI if any.
Thinking is a cognitive process that involves problem solving and reasoning. It allows humans to solve challenges in a way that distinguishes us from other species. Thinking involves mental exploration of ideas rather than physical exploration and helps individuals and society progress. There are different types of thinking including perceptual, conceptual, creative, and logical thinking as well as problem solving. Thinking is essential for human welfare and development.
This document provides an overview of various 21st century skills and concepts related to creativity, critical thinking, problem solving and decision making. It discusses topics like the need for creativity in the 21st century, sources of creativity, lateral thinking, myths of creativity, functions of the left and right brain, convergent and divergent thinking, critical reading, multiple intelligence theory, and steps in the problem solving process. The document aims to equip students with essential life skills to succeed in today's world.
This document discusses creativity and creative thinking. It provides 12 reasons why developing creativity is important, such as maximizing human potential, solving problems, and adapting to change. It also discusses 32 traits of creative people, including being sensitive, questioning, flexible, and risk-taking. Finally, it outlines various techniques for creative thinking like brainstorming, lateral thinking, and mind mapping that can generate new ideas.
Koios - Collective Intelligence and Crowd sourcing for public goodRoy Lachica
The document proposes a crowdsourcing platform called Koios to harness the cognitive surplus of internet users to collectively solve difficult social problems through structured collaboration and by leveraging theories of systems thinking, collective intelligence, and other problem solving approaches; while challenges remain in design, participation, and quality control, the platform aims to make problem solving more efficient by coordinating efforts online through shared tools, data, and workflows.
Barriers to idea generation for collaborative problem solvingScenicProps Design
This document discusses barriers to creative idea generation during collaborative problem solving. It aims to identify barriers and develop a formula to determine individuals' Brain Dominance Profiles (BDP), which indicate their thinking preferences. The document reviews how BDP relates to different processing modes and can influence idea generation. It suggests that understanding BDP and using a whole-brain approach can help maximize creative potential and overcome barriers during collaboration.
This document discusses tools and techniques for developing creative and innovative thinking skills. It defines creativity and innovation, and describes types of innovation including business model, process, product, and service innovation. It also discusses conceptual blocks to creativity such as constancy, compression, and complacency. The document outlines three components of creativity as expertise, motivation, and creative thinking skills. It provides tools for defining problems creatively, such as the Kipling method and problem statement, and tools for generating new ideas like attribute listing, brainstorming, and visioning. Finally, it discusses creating an organizational climate that supports creativity through factors like motivation, empowerment, and experimentation.
The document discusses creativity and the creative process. It defines creativity as the generation of novel and useful ideas to solve problems. It notes that quality ideas come from generating large quantities of ideas and that creativity is a methodical process, not magic. The creative process can involve fear and doubt but the best creatives have ways to cope. Studies show beginning students focus on finished ads while advanced students redefine problems and consider more ideas. Models of the creative process include preparation, incubation, illumination, and verification. Mind maps and operational thinking strategies can aid creativity. Factors like preparation, incubation, and illumination are necessary for creativity. The document also discusses AI art and generative models like DALL-E 2 and Midjourney.
Creativity involves generating new ideas, while innovation is implementing those ideas. Creativity is vital for organizational success in the long run. Examples of innovation include Apple's iPhone and Blackberry. Creativity requires both internal components like knowledge, imagination, and attitude as well as external resources like communities and culture. There are two types of creative thinking: convergent focuses ideas onto solving a problem while divergent branches out to many possible solutions. Creativity can be taught through workshops and teamwork. The creative process involves preparation, incubation of ideas, insight, and implementation of solutions.
The document discusses various topics related to creativity including:
1) Definitions of creativity and how it can solve problems.
2) The creative process involves preparation, concentration, incubation, illumination, verification and production.
3) Creativity can be developed through belief, discipline, consciousness, and following ideas even if they seem unconventional.
4) Tiny actions like writing down ideas and paying attention to details can support creativity.
Sustainable Practices, Art and Design Thinkingdrbastiaan
Building a foundation for the future requires radical thinking, creative solutions, and collaborative action to navigate beyond today’s economic and global challenges.
This document discusses how art and design thinking can help build a sustainable future by providing principles for incorporating these approaches into leadership. It outlines 6 key principles: 1) Get clear on a desired future vision; 2) Explore challenges with an open mindset; 3) Listen intensely to gain empathy; 4) Engage and collaborate through creative exercises; 5) Test possibilities through prototyping; and 6) Evaluate ideas through convergent and divergent thinking. The document argues that art and design thinking can make leaders more creative, empathetic, and able to navigate complex problems.
Thematic analysis is a qualitative research method that involves identifying patterns in data and organizing them into themes. It involves coding the data to categorize and identify major themes. Imagineering is summarized as a blend of creativity/imagination and engineering/technical knowledge that is used by Disney and others to design theme parks, attractions, and other experiences through applying existing scientific knowledge.
Using insights from neuroscience, this document discusses how to enhance creativity in organizational teams. It explains that creativity comes from the brain and everyone has creative potential. Understanding how the brain works through learning, diversity, empathy and collaboration can help foster creativity. The creative process involves preparation, incubation, insight, and verification. Associative memory and neurotransmitters also impact creativity, as the more connections in our brain from learning, the more we can combine concepts in novel ways to solve problems. Effectively training teams in these brain-based strategies can improve their creative capabilities.
Presentation covers Creativity , Innovation, Process of Innovation, Types of Creativity,Creative Intelligence , Divergent and Convergent Thinking, Model of Creative Process, Creative Problem Solving Techniques,Roots of Human Creativity and Forms of Creativity
This document provides an overview of wound healing, its functions, stages, mechanisms, factors affecting it, and complications.
A wound is a break in the integrity of the skin or tissues, which may be associated with disruption of the structure and function.
Healing is the body’s response to injury in an attempt to restore normal structure and functions.
Healing can occur in two ways: Regeneration and Repair
There are 4 phases of wound healing: hemostasis, inflammation, proliferation, and remodeling. This document also describes the mechanism of wound healing. Factors that affect healing include infection, uncontrolled diabetes, poor nutrition, age, anemia, the presence of foreign bodies, etc.
Complications of wound healing like infection, hyperpigmentation of scar, contractures, and keloid formation.
Walmart Business+ and Spark Good for Nonprofits.pdfTechSoup
"Learn about all the ways Walmart supports nonprofit organizations.
You will hear from Liz Willett, the Head of Nonprofits, and hear about what Walmart is doing to help nonprofits, including Walmart Business and Spark Good. Walmart Business+ is a new offer for nonprofits that offers discounts and also streamlines nonprofits order and expense tracking, saving time and money.
The webinar may also give some examples on how nonprofits can best leverage Walmart Business+.
The event will cover the following::
Walmart Business + (https://business.walmart.com/plus) is a new shopping experience for nonprofits, schools, and local business customers that connects an exclusive online shopping experience to stores. Benefits include free delivery and shipping, a 'Spend Analytics” feature, special discounts, deals and tax-exempt shopping.
Special TechSoup offer for a free 180 days membership, and up to $150 in discounts on eligible orders.
Spark Good (walmart.com/sparkgood) is a charitable platform that enables nonprofits to receive donations directly from customers and associates.
Answers about how you can do more with Walmart!"
This slide is special for master students (MIBS & MIFB) in UUM. Also useful for readers who are interested in the topic of contemporary Islamic banking.
How to Manage Your Lost Opportunities in Odoo 17 CRMCeline George
Odoo 17 CRM allows us to track why we lose sales opportunities with "Lost Reasons." This helps analyze our sales process and identify areas for improvement. Here's how to configure lost reasons in Odoo 17 CRM
Chapter wise All Notes of First year Basic Civil Engineering.pptxDenish Jangid
Chapter wise All Notes of First year Basic Civil Engineering
Syllabus
Chapter-1
Introduction to objective, scope and outcome the subject
Chapter 2
Introduction: Scope and Specialization of Civil Engineering, Role of civil Engineer in Society, Impact of infrastructural development on economy of country.
Chapter 3
Surveying: Object Principles & Types of Surveying; Site Plans, Plans & Maps; Scales & Unit of different Measurements.
Linear Measurements: Instruments used. Linear Measurement by Tape, Ranging out Survey Lines and overcoming Obstructions; Measurements on sloping ground; Tape corrections, conventional symbols. Angular Measurements: Instruments used; Introduction to Compass Surveying, Bearings and Longitude & Latitude of a Line, Introduction to total station.
Levelling: Instrument used Object of levelling, Methods of levelling in brief, and Contour maps.
Chapter 4
Buildings: Selection of site for Buildings, Layout of Building Plan, Types of buildings, Plinth area, carpet area, floor space index, Introduction to building byelaws, concept of sun light & ventilation. Components of Buildings & their functions, Basic concept of R.C.C., Introduction to types of foundation
Chapter 5
Transportation: Introduction to Transportation Engineering; Traffic and Road Safety: Types and Characteristics of Various Modes of Transportation; Various Road Traffic Signs, Causes of Accidents and Road Safety Measures.
Chapter 6
Environmental Engineering: Environmental Pollution, Environmental Acts and Regulations, Functional Concepts of Ecology, Basics of Species, Biodiversity, Ecosystem, Hydrological Cycle; Chemical Cycles: Carbon, Nitrogen & Phosphorus; Energy Flow in Ecosystems.
Water Pollution: Water Quality standards, Introduction to Treatment & Disposal of Waste Water. Reuse and Saving of Water, Rain Water Harvesting. Solid Waste Management: Classification of Solid Waste, Collection, Transportation and Disposal of Solid. Recycling of Solid Waste: Energy Recovery, Sanitary Landfill, On-Site Sanitation. Air & Noise Pollution: Primary and Secondary air pollutants, Harmful effects of Air Pollution, Control of Air Pollution. . Noise Pollution Harmful Effects of noise pollution, control of noise pollution, Global warming & Climate Change, Ozone depletion, Greenhouse effect
Text Books:
1. Palancharmy, Basic Civil Engineering, McGraw Hill publishers.
2. Satheesh Gopi, Basic Civil Engineering, Pearson Publishers.
3. Ketki Rangwala Dalal, Essentials of Civil Engineering, Charotar Publishing House.
4. BCP, Surveying volume 1
LAND USE LAND COVER AND NDVI OF MIRZAPUR DISTRICT, UPRAHUL
This Dissertation explores the particular circumstances of Mirzapur, a region located in the
core of India. Mirzapur, with its varied terrains and abundant biodiversity, offers an optimal
environment for investigating the changes in vegetation cover dynamics. Our study utilizes
advanced technologies such as GIS (Geographic Information Systems) and Remote sensing to
analyze the transformations that have taken place over the course of a decade.
The complex relationship between human activities and the environment has been the focus
of extensive research and worry. As the global community grapples with swift urbanization,
population expansion, and economic progress, the effects on natural ecosystems are becoming
more evident. A crucial element of this impact is the alteration of vegetation cover, which plays a
significant role in maintaining the ecological equilibrium of our planet.Land serves as the foundation for all human activities and provides the necessary materials for
these activities. As the most crucial natural resource, its utilization by humans results in different
'Land uses,' which are determined by both human activities and the physical characteristics of the
land.
The utilization of land is impacted by human needs and environmental factors. In countries
like India, rapid population growth and the emphasis on extensive resource exploitation can lead
to significant land degradation, adversely affecting the region's land cover.
Therefore, human intervention has significantly influenced land use patterns over many
centuries, evolving its structure over time and space. In the present era, these changes have
accelerated due to factors such as agriculture and urbanization. Information regarding land use and
cover is essential for various planning and management tasks related to the Earth's surface,
providing crucial environmental data for scientific, resource management, policy purposes, and
diverse human activities.
Accurate understanding of land use and cover is imperative for the development planning
of any area. Consequently, a wide range of professionals, including earth system scientists, land
and water managers, and urban planners, are interested in obtaining data on land use and cover
changes, conversion trends, and other related patterns. The spatial dimensions of land use and
cover support policymakers and scientists in making well-informed decisions, as alterations in
these patterns indicate shifts in economic and social conditions. Monitoring such changes with the
help of Advanced technologies like Remote Sensing and Geographic Information Systems is
crucial for coordinated efforts across different administrative levels. Advanced technologies like
Remote Sensing and Geographic Information Systems
9
Changes in vegetation cover refer to variations in the distribution, composition, and overall
structure of plant communities across different temporal and spatial scales. These changes can
occur natural.
A workshop hosted by the South African Journal of Science aimed at postgraduate students and early career researchers with little or no experience in writing and publishing journal articles.
Liberal Approach to the Study of Indian Politics.pdf
Entrepreneurship and Creativity
1. 1
The Ingenuity Creative Problem Solving
Process
Nottingham University Business School
ENTREPRENEURSHIP AND CREATIVITY
(N14M90)
Individual Assignment:
The Ingenuity Creative Problem Solving Process
LEA SZU, ONG
ID: 005813
COPY [1]
2. 2
The Ingenuity Creative Problem Solving
Process
Content
1. Introduction .......................................................................................................................................... 3
2. Literature Review .................................................................................................................................. 4
3. The Whole Brain Approach ................................................................................................................... 5
4. Identifying and Recognizing Opportunities........................................................................................... 6
5. Phase One: Definition of Problem ........................................................................................................ 7
5.1 Define: Analyse the evidence; describe the symptoms ................................................................ 7
5.2 Discover: Explore the structure of the problem, find the root causes ......................................... 8
5.3 Determine: Decide how to attempt a solution ............................................................................. 8
6. Phase Two: Discovery ........................................................................................................................... 9
6.1 Define: Prepare to find solution.................................................................................................... 9
6.2 Discover: Generate multiple solutions.......................................................................................... 9
6.3 Determine: Realistic concepts begin to emerge ......................................................................... 10
7. Phase Three: Determination ............................................................................................................... 11
7.1 Define: Select and engineer potential solutions ......................................................................... 11
7.2 Discover: Investigating the alternatives; finding the best solution ............................................ 11
7.3 Determine: Looking to the future ............................................................................................... 11
8. Conclusions ......................................................................................................................................... 12
9. Implications ......................................................................................................................................... 12
Appendix ..................................................................................................................................................... 13
References .................................................................................................................................................. 14
Total Word Count: 2,360
3. 3
The Ingenuity Creative Problem Solving
Process
1. Introduction
The objective of the paper is to develop an understanding of the Ingenuity Creative Problem
Solving Process. The paper will first look into the thinking styles and learning preferences in accordance
with the Herrmann Whole Brain Approach. We will next explore the Ingenuity processes (i.e. Define,
Discovery and Determine) to identify problem and discover opportunity, and then the idea generation
via the brainstorming method. With a lot of ideas, we will look at idea syntheses and then use relevant
criteria to determine which idea and solution to be implemented. The conclusion will highlight the
relevance of the divergent and convergent thinking in Ingenuity based on the literature introduced. The
Implications section will reveal some challenges and factors that contributed to the problem solving
process.
4. 4
The Ingenuity Creative Problem Solving
Process
2. Literature Review
Due to the nature of the Ingenuity approach for clear thinking is deliberately on divergent and
convergent thinking, it is worthwhile to review the literature from Thompson (2003) that suggests
creative problem solving are related to divergent thinking while teamsrequires convergent thinking.
According to Thompson (2003), ideas can be categorize into four conceptual domains as shown
in Figure 1. Thompson suggested that the best idea is from the upper left quadrant called Creative
Realism because the ideas are highly imaginative and highly connected to current structures.He
mentioned that weshould strive to achieve creative ideas, which represent highly original and novel
ideas, as opposed to conservative, traditional ideas. The vertical continuum distinguishes new ideas that
are realistic (connected to current ideas and knowledge) from ideas that are idealistic (disconnected
from current knowledge). If new ideas are not connected to current ideas and knowledge, they are often
unimplementable.
Figure 1: Adapted from Thompson 2003: Four Conceptual Domains of New Ideas Classification
5. 5
The Ingenuity Creative Problem Solving
Process
3. The Whole Brain Approach
The team began with a simple survey to determine individual preferences for different learning
activities. With the result, we formed a group of six members with three from quadrant D, and each one
from quadrant A, B and C. The combination is ideal as we are having members from all the four
quadrants, with different career background and experiences so to be diverse with the broad range of
problem solving and learning strategies among us.
Figure 2: Adapted from hbdi.com (2012): Team members’ positioning in The Whole Brain®Model
The team diversity was proven effectiveas we observed how all the D thinkers (Elaine, Eric and
Phelicia) tend to contribute ideas based on the “big picture” context, defining visions and introducing
new concepts through brainstorming.Eric, who was acknowledged for his good presentation skill
introduced the mind-mapping tool during the brainstorming. The A thinker, Billy,resolvesarguments
during debates andJoe from the B quadrant ensures the team follows the Ingenuity process carefully
and sequentially.C thinker, Merly feedback when things not right and emphasized that decision making
has to be done as a group.Interestingly, although survey result showedPheliciais in the D quadrant, we
observed that she has stronger thinking preference in quadrant A justified by her excellent analytical
skill especially datafrom financial reports.
6. 6
The Ingenuity Creative Problem Solving
Process
4. Identifying and Recognizing Opportunities
During the brainstorming session to identify a problem and opportunity to be addressed in the
business idea,we listed few issues by looking at the environment around and observe the trend of the
current economic and social factors.The list includes issues on ageing population which will eventually
became a burden to the society and government, the negative effect from environmental Issues,
potential of the medical tourism, the inefficient of the child care centers and others societal related
issues. We have selected the ageing population as the primary issue to be addressed via a simple voting
system.
By doing a quick research over the Internet to verify on this problem, United Nation predicted
that Malaysia is likely to reach an ageing nation status by 2035 with the number of people above the age
of 60 reaching 15% of the population. Based on this fact, we have agreed that with more elderly citizen,
there would more society and economic impacts on the society and country. This is in accordance to
Barringer and Ireland (2006) that sometimes identifying business opportunities simply involve noticing a
problem and finding a way to solve it.
7. 7
The Ingenuity Creative Problem Solving
Process
5. Phase One: Definition of Problem
5.1 Define: Analyse the evidence; describe the symptoms
We started by identifying who are these elderly citizens who has causes the problem. We
specified them based on few dimensions which include those who are knowledgeable and retired, and
healthy and capable of taking care of their own self.
Everyone see this as a problem as we observepeople around us who have become the burden of
their children and family starting from the moment they retired and eventually grow old and became
unhealthy and leaving only bad memories to the next generation.
We looked at the reason why there are more elderly citizens in the future. One reasonis that life
expectancy at birth has showed an upward trend, an improvement attributed to the extensive network
of health care services in Malaysia and the advances of medical technology. There isalso significant
decreased of fertility among Malaysian, as they often emphasize on financial stability and quality life
style than having childrenwhich causes more commitments.
Wedescribes the impact of these senior citizenswith a series of ‘So’.
‘So what if they are aged?’ - ‘When they are a lot of them in the society, they will become a
burden to their children and society’.
‘So what if they became burden?’ ‘Our society will become non-productive.’
‘So what if the society became non-productive?’ ‘So our country image, Gross Domestic Product
(GDP)and happiness index level willdrop’.
‘So what if country’s GDP dropped?’ ‘So our government will start to allocate more budgets to
take care of these unproductive citizens and that is indirectly from us the tax payer’.
8. 8
The Ingenuity Creative Problem Solving
Process
5.2 Discover: Explore the structure of the problem, find the root causes
Looking at the big picture of the problem, we investigate how do the elderly citizens became
unproductive and eventually became burden to society. One possiblereason was thatthey are not
leading a healthy and meaningful lifestyle after retiredandas they get older although they are still able to
contribute to the society. They became lonely, not engaged sociallyand lead a non-meaningful
life.Theyhave no channel to contribute back to the society and there is no way the society can “find” and
help them. They eventually led an unhealthy lifestyle and became more susceptible to poorer health
status with long-term illness and eventually lead to healthcare burdens.
Inactive elderly citizens in the society area complex problem due to the large population of the
group and there are many variablesthat will influence the solution in term of culture and health
conditions: whether they are physically capable, emotionally healthy, the level of education and being
financially independent and if they have support from their children.
5.3 Determine: Decide how to attempt a solution
We defined the criteria that the final solution must be able to fulfill. The solution must be able to
change the long existed institutional belief and social stigma about the elderly. The society must accept
them so that they can contribute to the society and country, and that they are not burden.Since this is
an issue requires social reengineering, we must design a solution that will be supported by policy
makers including government, non-governmental organizations (NGO) to recognize this as a country
wide activity. The solution must include strategy to encourage public awareness and acceptance.Also,
the solution must not be too high in cost so that it is affordable by the elderly citizens within their
savings from Employee Provident Fund (EPF).It must not be a solution that will take more than 10 to 20
years to build.
9. 9
The Ingenuity Creative Problem Solving
Process
6. Phase Two: Discovery
6.1 Define: Prepare to find solution
The team had problem putting the analysis into a problem statement. The process requires
convergent thinking and as Thompson said, team can do this better than individual. In our case, it was
Billy, the A thinker who had derived the final problem statement, which everyone agreed although we
have problem composing it earlier.One factoris that the majority of the members in the team are D
thinkers andthey tend to reiterate the findings in Phase One to ensure the team is moving towards the
same vision.
The final problem statement was, “Senior citizens are currently lack of channel or having no
access to healthcare information, withoutparticipating in social network activities, any form of society
give back contributions and information on financial services. This group of people is being left out by
the society, lonely at home and without proper health treatment and eventually affects their health
conditions.”
6.2 Discover: Generate multiple solutions
We were using the classic brainstorming method – verbal brainstorm developed by Alex Osborn
to gain as many business ideas as we can. The strength of brainstorming as a team is that ideas from one
member would often stimulate more ideas from others.Ideas were written on whiteboard and team
focused on the same screen to ensure we are all at the same conversation.
“Find Me A Lazy Job” is about getting a job for those who had retired but still capable of working
and it should be an easy job so that it will not be stressful.Setting up an organic restaurant which will be
run by the senior citizens based on the organic products produced by another group of citizens. There
are wild ideas such as organizing party; karaoke and setting up a ‘nightclub’ only for the senior citizens
are based on what we know every young generation would like to do.Idea about speed-dating or match-
making of the elderly was an attempt to answer the question on why the elderly feel lonely and what
they could do if there are still young.
10. 10
The Ingenuity Creative Problem Solving
Process
In this process, it is very important that team members must be able to communicate freely, no
bias, no inactive participations, and no feeling of inferior due to language barrier or perception that
members with more working experience will have better ideas.There shouldn’t be any member who will
try to convince another member of an idea by means of influence.
6.3 Determine: Realistic concepts begin to emerge
At the end of the generating ideas phase, we had a total of 24 ideas. Team went through each of
the ideas and sorts those that have the same concept.
11. 11
The Ingenuity Creative Problem Solving
Process
7. Phase Three: Determination
7.1 Define: Select and engineer potential solutions
Based on the ideas generated, we sort and siftideas into categories, i.e. devices,
communications, activities, job or re-employment and support services. Most of the ideas can be fitted
into more than one category.The final selected ideas are:
- One stop solution in a community based retirement village
- Mobile clinic that can provide healthcare services plus devices for daily health-monitoring
7.2 Discover: Investigating the alternatives; finding the best solution
We agreed that the solution of a mobile clinic has resources issues in term of budget. We also
compare the alternatives that market currently already hasincludingold folks home, and premium health
care services. We analyse the problems with these services, and what are the potential bottlenecks in
such businesses.
The next process was to choose the optimal solution. In this case, the final selected idea was the
one stop solution in a community based retirement village with additional comprehensive services such
as healthcare services, job re-employments, and other activities in-village.We have use the WIN2
evaluation tool to access the idea about. Although WIN2rates as cautious and limited development but
we believe the business potential is high. See Appendix 1.
7.3 Determine: Looking to the future
The final solution is within expectation. We foresee the barriers to acceptance from the society
because sending elderly to old folk’s home or nursing home had been a long existed social stigma. To
overcome this, the business will have to convince policy makers to change the society perception about
ageing population.
We target to sell the business idea to investor to build the retirement village on a build, lease
and transfer term, in which if the solution didn’t work out, it can be transformed into housing
development.Our goal is for the business to be able to generate good return of investment for investors
and predicts it would be able toself-sustain financially by 2035.
12. 12
The Ingenuity Creative Problem Solving
Process
8. Conclusions
The Ingenuity guide for clear thinking focuses on the creative thinking and problem skills needed
to succeed in our rapidly changing, high tech world.The nature of the Ingenuity approach based on
divergent and convergent thinking can highly produces ideas that lands in the Creative Realism quadrant
from Thompson.And this is part of the entrepreneurial thinking thatempowers us to cope with
uncertainty and behave with greater flexibility.
9. Implications
One of the challenges is that the team tends to jump to the final solution at the problem
definition stage.This can be done better by asking more open-ended questions or assesses more
opposing scenarios of the answers given thus encouraging divergent thinking.According to Thompson
(2003), once we are exposed to divergent thinking, we can prevent people from jumping to the most
obvious (and most often the most expensive) solution.
Towards the end of the of the course work, the team had presented the idea as a business plan
and as we spent more time to research and find references for implementation, we agreed that the idea
could be more creative. One implication here is that if the same team were to repeat the Ingenuity
processes, the result would be much better since the developed bond within the team would improve
the environment for creativity.
Thompson (2003)pointed the paradox that teams excel at convergent thinking but individuals
excel at divergent thinking and this is paradoxical because most people strongly believe that teams are
more creative than individuals, when in fact they aren’t.
As per Thompson (2003), if team excels at convergent thinking, perhaps the Discovery Phase to
generate a lot of ideas would be more effective if done individually since individual are better at
divergent thinking leading more ‘Out of the box” ideas. However, team brainstorming isappropriate for
convergent thinking at the Determine phase to evaluate ideas.
13. 13
The Ingenuity Creative Problem Solving
Process
Appendix
14. 14
The Ingenuity Creative Problem Solving
Process
References
1) Bruce R. Barringer and Duane R. Ireland (2006), Entrepreneurship: Successfully
Launching New Ventures, Pearson Prentice Hall, Pearson Education Inc.
2) HBDI, “Overview Of The HBDI®”, Downloaded from
http://www.hbdi.com/WholeBrainProductsAndServices/thehbdi.cfm as at 10th April
2012.
3) Kirkham P, Mosey S, Binks M (2009), “Ingenuity in Practice: A Guidefor Clear Thinking”,
UNIEI.
4) Lumsdaine, E. and Blinks, M, (2007). Entrepreneurship, from Creativity to Innovation;
Effective Thinking Skills for a Changing World. Trafford Publishing.
5) Thompson L. (2003), Improving the creativity of organizational work groups. Academy of
Management Executive.
6) World Health Organization (2010), “Senior Citizens and Population Ageing in Malaysia,
Department of Statistics, 1998”. Downloaded
fromhttp://www.who.int/countries/mys/eng