Idea Generation-Practical Techniques

Question 1

Brainstorming

Answer 1

It is a group method for obtaining new ideas and solutions, not assessing them

Question 2

Problem-Inventory Analysis

Answer 2

: various ideas to solve the problem is listed out to generate ideas

Question 3

Checklist method:

Answer 3

generate a complete long-list of all the related issues with respect to the problem, to generate ideas then

Question 4

Parameter Analysis

Answer 4

focusing on a list of parameters or measurements and focus on a creative synthesis of the generated ideas

Question 5

Others,

Answer 5

Fish bone or pareto (80/20) rule

Question 6

Idea Generation

Answer 6

• Joseph Schumpeter expanded the previous definition of J.B Say that an entrepreneurship is about:
  
  • Opportunity finding
  • Opportunity exploitation and
  • Innovation
• Further Peter Drucker pointed out that for a business to be considered entrepreneurial, they should exploit creatively the changes in the world.