a) Discuss FIVE (5) factors influencing creativity "Business opportunities are like buses, there's always another one coming." _ Richard Branson b) Entrepreneurship is about generating ideas. Explain FIVE (5) sources of business idea
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- Innovation is an important element in the success of any business. What kinds of innovation can be found among organizations? How can any organization encourage| ?its employees to foster their ideasThe reason why the majority of people do not believe that they are creative is due to certain barriers that stand in the way of using their creative abilities. List and explain any five (5) of these barriers and suggest how they may be overcome.Describe a time when you worked for a professional, volunteer, or school-related organization that encouraged and supported creative thinking. What was done to support creativity? If you have never had such an experience, describe a time when you attempted to solve a problem for an organization of which you were a part.
- By design, this POE is intended to awaken your inner creativity! You will walk the journey of anentrepreneur. Starting with nothing other than a problem, by the end of this POE you will have anentrepreneurial idea to solve the problem and a business plan that you can present to potentialinvestors to kick-start your business.We have provided you with selected areas of development/themes as per the National DevelopmentPlan. Consider any one of the areas/themes provided, with the view of coming up with a creative,realistic and innovative idea to help address a problem associated with your chosen area/theme. Theareas/themes provided below are quite broad and requires you to do some research beforeidentifying an angle that you would take on. For example, “Improving Education, Training andInnovation” (theme two), concerns several aspects such as early childhood development, furthereducation and training and higher education. Similarly, “Promoting Health” (theme three) extendsbeyond medical…Jeevan is a R&D manager who wanted to implement the innovation process in his organization. He explained in the department meeting that innovation activities are all scientific, technological, organizational, financial and commercial steps which actually, or are intended to, lead to the implementation of innovations. He requested you to explain about the innovation. You are required to differentiate the innovation from creativity and explain the attributes of the innovation and the innovation process.By design, this POE is intended to awaken your inner creativity! You will walk the journey of anentrepreneur. Starting with nothing other than a problem, by the end of this POE you will have anentrepreneurial idea to solve the problem and a business plan that you can present to potentialinvestors to kick-start your business.We have provided you with selected areas of development/themes as per the National DevelopmentPlan. Consider any one of the areas/themes provided, with the view of coming up with a creative,realistic and innovative idea to help address a problem associated with your chosen area/theme. Theareas/themes provided below are quite broad and requires you to do some research beforeidentifying an angle that you would take on. For example, “Improving Education, Training andInnovation” (theme two), concerns several aspects such as early childhood development, furthereducation and training and higher education. Similarly, “Promoting Health” (theme three) extendsbeyond medical…
- While developing his AIDS-fighting drug, Dr. N studied the work of other scientists whose attempts at developing an enzyme-blocking drug had failed. He was able to see the differences in his research and theirs and to build on their success while avoiding their failures. Dr. N’s creative powers were working at a subconscious level even when he was away from his work, not even thinking about his research. What kind of thinking did Dr. N use in his research? * Convergent thinking Critical thinking Divergent thinking Creative thinkingVesperAccording to experimentation research, entrepreneurial creativity is not correlated with IQ (people with high IQs can beunsuccessful in business and those with lower IQs can be successful as an entrepreneur). Research has also shown that those whopractice idea generation techniques can become more creative. The best ideas sometimes come later in the idea-generation process—often in the days and weeks following the application of the idea-generating processes (Vesper, 1996).Prior jobRecreationChance eventVesper (1996) identified several ways in which entrepreneurs found ideas:Although would-be entrepreneurs usually don’t discover ideas by a deliberate searching strategy (except when pursuing acquisitionsof ongoing firms), it is nevertheless possible to impute to their discoveries some implicit searching patterns. (Vesper, 1996, p. 60) Discuss the concept deals with opportunity thinking anddesign thinking, Analyse their concepts by providing specific examples and cite readings…Chapter 10 in your eText discusses Kotter's (2007) eight-step change model. Which of these steps do you think is the most challenging? Which is most important? Give specific examples of how an organization either effectively navigated all 8 steps or alternatively, missed one of the steps and it led to change resistance or ineffective change.
- The successful management of change is clearly essential for continued economic performance and competitiveness and is the life-blood of business success.Compare TWO (2) methods to minimize employee resistance to change. No handwriting, no random copy and paste, thank you“Idea generation is the creative process of generating new methods to solve problems and improve the product’s conditions or the company itself. It is undoubtedly based on factors like idea development, group discussions, choosing the best alternative, and finally, implementing the idea in real-world scenarios. The idea doesn’t need to be practical, and it can also be a mere thought.” (Hitesh Bhasin, 2021). Analyse the above statement and explain why innovation and enterprise are both fundamental in business, and in start-up and established organisations as they operate in competitive business markets. Using your knowledge and theories researched on innovative practice and idea generation and relate it to the above statement. Discuss why innovation and enterprise are so fundamental and important in business. Explore through real business examples your ideas of the common factors that lead to innovation success or failure. (LO1).Which four particular skills are required for innovation? creativity, critical thinking, consumers, and collaboration creativity, critical thinking, communication, and investors creativity, critical thinking, communication, and collaboration creativity, patents, communication, and collaboration