INNOVATION AND CREATIVITY
INNOVATION IN ENTREPRENEURSHIP
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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True
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False
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Either A or B
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None of the above
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Detailed explanation-1: -The following approaches to generate business ideas can be used by an entrepreneur while exploring the different sources of business ideas: (i)Brainstorming. (ii)New ways of doing old things. (iii)Converting hobby into business. (iv)Improving an existing product.
Detailed explanation-2: -According to entrepreneurs, three factors are most important for enabling a company’s growth: access to markets, the supply of human capital (i.e. people with the right skills for the job) and access to funding.
Detailed explanation-3: -Ask questions: Foremost, idea people are curious people. Write Your Ideas Down: Creative people keep lists and notes. Think Associatively: Many ideas are the result of associative thinking. Put Ideas to the Test: Innovators know the importance of experimentation. 19-Apr-2022
Detailed explanation-4: -Past Work Experience: Hobbies and Interests: Strengths and Abilities: Friends and Family: Distribution Channels: Travel: Books and Magazines: Current Trends: More items