BUSINESS ADMINISTRATION
ENTREPRENEURIAL DEVELOPMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Idea generation is considered important for an entrepreneur, and it implies
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1.Doing something simply because no one else did it.
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2. Idea generation is not that important because everyone has an idea in which they can work on.
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3. Idea generation is possible through vision, insight, keen observation, education, experience and exposure.
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4. Idea generation is a simple exercise involving brainstorming.
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Explanation:
Detailed explanation-1: -Idea Generation is important because it enables you to expand your range of ideas beyond your current range of thinking. We believe that you must first expand thinking to include more questions, more variables, and more ideas before you begin the refinement process.
Detailed explanation-2: -Sources of Idea Generation Employees and the research & development department of the company are great internal sources. Whereas, external sources are also very helpful. These are customers, suppliers, competitors, distribution channels, government, educational institutions, and focus groups.
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