ENTREPRENEUR AND INNOVATION
9740
SUBMITTED TO: SUBMITTED BY:
TIM FISHER TEJINDER SINGH ND15249
CONTENTS
1. After reading the case study identify the problems entrepreneurs face when building and running their businesses? Is innovation necessary for people who plan to start the business? 2
2. Indentify and examine processes and methods to facilitate innovation within an organization. 3
3. As you are the consultant for Coopers explain them in your own words Interpretation of conceptual differences between creativity and innovation that shows the organizational implications of this distinction. 4
4. What is a paradigm? How does a paradigm stifle creativity? 5
5. Work with a small group of your classmates to identify a local competitor business of Coopers that is bound by a paradigm. What impact is this paradigm having on the business? Identify the paradigm and then generate as many creative suggestions as you can that would change the paradigm. 5
6. After doing your research what do you do to suggest the Coopers on the application of mental models or paradigms recognise effects which stimulate or frustrate creativity and innovation within organisations. 6
7. Now identify new opportunities for Coopers to facilitate innovation in terms of contextual requirements. 7
8. Explain to the coopers the description of processes
Deliver a report that justifies the method by which your research group developed creative solutions that use a combination of strategy frameworks and creativity techniques.
This group exercise is based on Michael Michalko, an author and best seller of numerous books on creativity like, Thinkertoys (A Handbook of Business Creativity), ThinkPak (A Brainstorming Card Deck), Cracking Creativity (The Secrets of Creative Genius), and Creative Thinkering (Putting Your Imagination to Work). These books show how to combine and create completely different subjects into new and exciting original ideas. Michalko, has been awarded a gold medal for Thinkertoys by Success Magazine for creating a good business books. He stated “We see no more than we’ve been conditioned to see and stereotyped notion block clear vision and crowd out imagination (Michalko, 2010).” It may be believed that once some people have established a viewpoint they close off the one line of thought. Our perception attempts to make life easier by solving the first impression of the problem that it encounters such as, meeting people, going places, or seeing things and giving our opinion instead of facts (what’s real). Michalko believes our first perspective on complications and situations are apt to be restrained and superficial. This exercise exams his concepts on different perspective and the capacity to view things in their true relations or virtual reputation or character, in other words real perception.
I see that Isaksen mentions that “practicing professionals often are seen as having a great deal of knowledge and evaluative strength but as needing help with imagination”. Would the question seek to establish the impact of the Collaboratorium model on imagination and evaluation (assuming that knowledge is in place) on x number of initiatives? Kanlder et.al. (from the review I worked on) mention that “the environment sets the contextual conditions… to foster creativity”, I see that reflected in the physical space/flow of the Collaboratorium.
2. What role does entrepreneurship play in the economy? Who stands to gain from the success of individual entrepreneurs? How do other parties benefit?
Do you have what it takes to enter the annual Harvard Business School Business Plan Contest? Vison, ideas and concepts are great in theory but are ineffective unless you execute them. This case study shows the struggles of the reality three young entrepreneurs faced when they were trying to build a product. It shows the difficulties in forming a team and most importantly turning an idea into reality. The lack of leadership, communication, clash of cultures and individuals
6. What general lessons regarding the management of joint ventures in entrepreneurial settings can you draw from this case?
E. What are creative work environments? What does a manager need to do to develop and manage
Explain and critically analyze unique traits of an Entrepreneur, discuss these related to personal strengths and weaknesses
The study in this write up was conducted to carefully evaluate if any; the relationship between bring up new ideas and working guidelines and the benefits to a company down the road. Studies have over time suggested that agencies run under government make efforts to encourage creativity and new
Being successful in a business requires not only the relevant technical knowledge, familiarity with the niche you are about to enter and a mastery of one’s skill, but also coming face to face with every entrepreneur’s worst enemy which is fear. It doesn’t matter whether you are setting up a home based business or planning for a full time startup company, fear has a way of taking the steam right out of you once you fail to deal with it. As an entrepreneur you must confront all your fears and seek to overcome them in order to succeed in whatever business you have decided to venture into. If you are a first time entrepreneur looking to take that bold step into the world of business,
Amabile, T. M. & Khaire, M. 2008, “Creativity and the role of the leader”, Harvard business review, vol. 86, no. 10, pp. 100.
Essay Topic : Businesses need to invest in creative thinking if they want to be successful .
Recently, competition in business seems fiercely competitive. Due to fulfill human’s needs and taste, there are many new companies with their own products and service. However, not all companies can keep competing with other companies, if they cannot find new way to grab customer’s attention. That is one argument why a company needs creative thinking in order to be successful. According to Renee C, creative thinking can keep the company on the top of business and help them to succeed. This essay will describe three significant reasons why business needs to have creative thinking.
I am an open minded individual with a passion for creativity. In this ever-changing world, I believe creativity will allow me to foster new and innovative ideas, and effectively adjust to societal and organizational opportunities (Daft, 2012). Due to dynamic cultures in todays work environment, I hope to employ critical thinking that encourages ethical actions and accomplishment
initiative is to attract outside capital, given the lack of collateral and sufficient cash flows and the