REVIEW Flashcards
(20 cards)
This involves recognizing and defining unmet needs or problems in the market
that can be addressed through innovative solutions.
Opportunity Identification
Entrepreneurs can draw inspiration from various sources, such as market
research, customer feedback, technology trends, and personal experiences.
Sources of Innovative Ideas
Creativity involves generating novel and useful ideas, crucial for the innovation process.
Creativity’s Role
Building a broad base of knowledge enhances one’s ability to connect diverse
ideas and generate creative solutions.
Knowledge Accumulation
Allowing ideas to marinate over time, often subconsciously, can lead to breakthrough
innovations.
Incubation process
Actively engaging with and experimenting with ideas helps refine and improve them.
Idea Experience
Critically assessing the viability and potential of ideas is essential to distinguish between
promising concepts and those that are less feasible
Evaluation
Turning innovative ideas into practical solutions involves planning, resources, and
execution.
Implementation
Identifying connections between seemingly unrelated concepts can spark creative
insights.
Recognize Relationships
Focus on how ideas can address specific needs or improve existing
solutions.
Develop a Functional Perspectives
Apply both analytical and intuitive thinking to solve problems creatively.
Your “Brains”
Overcome mental barriers and fixed ways of thinking that inhibit
creativity.
Eliminate Muddling Mindsets
Creating entirely new products or solutions that did not previously exist.
Invention
Enhancing or modifying existing products or services to serve new purposes or markets.
Extension
Reproducing or replicating successful ideas in new contexts or locations.
Duplication
Combining elements from different sources or disciplines to create innovative solutions.
Synthesis
Challenging misconceptions, such as the belief that innovation is purely spontaneous or
relies solely on individual genius.
Innovation Myths
Innovation should focus on improving the user experience and meeting
customer needs.
Principle of User- Centric Design
Embracing continuous improvement and feedback to refine and enhance innovative
solutions.
Principle of Iteration
Leveraging diverse perspectives and skills through teamwork can drive more
effective and creative solutions.
Principle of Collaboration
