Running A Business Is A Challenge

Business innovation is the process of think of an idea to improve workplace and business efficiency and then creating an effective method in order to implement these ideas. The ideas that create innovation can be used to improve of the efficiency of a business when handling and monitoring internal processes but can also be a way of improving and simplifying processes that external stakeholders may take. The ideas that are created can only be implemented with agreement from your departmental team or by the leaders of the organisation depending on scale your idea will affect if implemented.

The events of the 1930’s, or the Great Depression, did the most to influence contemporary America. During the twenties, America was at its most prosperous economic times until the stock market crashed in 1929. The stock market crash led to a dramatic decline of the U.S. economy. The decline in the economy changed Americans everyday lives. In 1932, Franklin D. Roosevelt was elected president and he created the New Deal to provide relief, recovery and reform. The Depression impacted America in the 1930’s in every aspect of life and still impacts America today. Although contemporary America was shaped by many events that occurred in the 20th century, America was most influenced by the 1930’s because of legislation that improved daily life

The 1920’s and 1930’s represented a time of change for our country. Just as times began to pick up after the Great War, through technological advances, the nation collapsed. People began spending out of control, investing in stocks, and moving to the city. The stock market crashed in 1929, the effect was that many people lost their savings, businesses closed, and jobs were lost. This horrendous period is known as the Great Depression. Once again things began to look up as Franklin D. Roosevelt was elected for president and created the New Deal. This era reflects how human nature reacts to such change.

As the roaring twenties captivated the lives of American families with its great profits, big business, and optimism, the thirties altered the nation’s economic dreams, values, fashion, and everyday life. After ending an abundant decade in the twenties, the 1930’s brought forth pain, poverty, and hardships.

The 1930s was an eventful decade in U.S. history, from the start of the Great Depression to the start of WWII. This decade had many advancements in science, entertainment, music and fashion trends, and literature. The Great Depression changed many things about our economy permanently, and the culture changed quite a lot. The people of this era were strong willed people who fought in WWII and worked towards the booming economy of the following decades.

The early 1900’s brought change to race, gender, and socioeconomic status through culture, industry, and more. Whether it be the new, lively art during the Harlem renaissance or unfair, racist Japanese internment camps, America saw change that brought both negative and positive impact to the lives of citizens. Initially, the 1920’s was an amazing time to be alive for everyone. However, this was not the case for farmers. Economy in the South declined so much that people left and selling crops was a nearly impossible task. Additionally, the Great Depression would become an obstacle for so many Americans. Ultimately, FDR’s new deal brought communities closer in a time of suffering.

The creative process includes brainstorming sessions where the team is asked to create a list of everything that could go wrong. All ideas are welcome at this stage with the evaluation of the ideas coming later.

The way Americans lived 80 years ago has a significant impact on our society today. Major work from small-town residents during the 1930s, make it possible for Americans to live as comfortably as they do currently. Civil rights were improved and the fields of technology, science, and medicine soared. Ambitious geniuses were improving such topics, but little did they realize that they were actually shaping future American culture.The important achievements and discoveries made during the 1930s made life easier for Americans today.

In this setting, the management’s role includes reinforce of the ideas with group building activities. Examples of a problem-solving approach includes the Step-Wise Approach (BOOK 21). From the Step-Wise Approach, the employees apply the skill to “define the problem, identify the potential cause, and make recommendations to take action” (BOOK 21). The Step-Wise Approach compels employees to view the problem’s outcome (BOOK 21). As a matter of fact, the Step-Wise Approach restricts hasty decision making (BOOK 21).

In order to select the best ideas generated through our collective brainstorm, the group conducted a detailed CARTS analysis. CARTS is an acronym that stands for Cost, Acceptance, Resources, Time and Space. Each one the criteria were used to determine the best course of action to get us from the problem to the solution. The “C” represents cost; we determined that there were little restrictions because the components of our solution would not require technologies and materials that we do not currently possess. Next, we considered the “A” which stand for acceptance. Every team member's ideas benefitted the process, and most of our initial ideas did fit well in the overall workflow of the major solution. However, we did not agree that creating a time matrix was worth our time and resources, so we left that one out. The “R” in the CARTS analysis stands for resources. It has been determined that the budget, people, skills and other materials needed to make our plan work is in place. Next, we considered the time and space, the “T” and the “S” needed to implement our plan. Since the scope of our problem is not suspended, the time factor is not really a constraint for us. The actions step for our solution is skills driven and therefore the execution of our solution will become more and more effective as it is continuously used. Space, which is the final step in the analysis, is also not a deterrent from the actions steps of our solution.

     Our assignment is to create and promote an innovative product. In developing a new product, we started with an idea generation. This is a systematic search for new-product ideas. Companies go through many ideas before they come to find some good ones. We had to do the same thing. We thought of many ideas on our own. It was more of an internal idea source as opposed to going outside of our partnership for ideas. Our first idea was a restaurant with half of it an actual restaurant and the other half an automobile tuner shop. The next idea was a new energy drink that would be less costly and better tasting. Our next idea came up when we were sitting

TOC consists of Problem Solving and Management / Decision-Making Tools called the Thinking Processes (TP). TOC is applied to logically and systematically answer these three questions essential to any process of ongoing improvement. More specific uses of Thinking Processes can be used to significantly enhance vital management skills, such as: Win-win conflict resolution, Effective communication, Team building skills, Delegation, and Empowerment. TOC postulates that the goal is to make (more) money. It describes three avenues to this goal: Increase throughput, Reduce inventory, and Reduce operating expense. In order to achieve the goal, there are also 5 Focusing Steps: Identify the system’s constraint Decide how to exploit the system’s constraint, Subordinate

A brainstorming session is a tool for generating as many ideas or solutions as possible to a problem or issue. It is not a tool for determining the best solution to a problem or issue. Before beginning any effective brainstorming session, ground rules must be set. This doesn't mean that boundaries are set so tightly that you can't have fun or be creative. It does mean that a code of conduct for person to person interactions has been set. It's when this code of conduct is breached that people stop being creative. The best way to have meaningful ground rules is to have the team create their own. Try performing a mini-brainstorming session around creating brainstorming ground rules. It should provide a nice opportunity to practice the skills necessary for an effective brainstorming session. This also allows the team to take ownership of acceptable and unacceptable behaviors. Only if the team hasn't addressed the key ground rules should you (as the facilitator) add to the list. Once the ground rules list is generated be sure to gain consensus that the session will be conducted according to them, and post them in a highly visible location in the room.

Through understanding the design thinking problem solving methodology we can develop Idea generation and problem solving techniques to understand the necessary processes of good design conceptualisation. Brown has defined design thinking as “designer’s sensibility and methods to match people’s needs with what is technologically feasible and what a viable business strategy can convert into customer value and market opportunity” (Brown, 2008, p. 2). The purpose of this literature review is to examine and explain the basic principles of Design Thinking problem solving methodology. This literature review will also define design thinking and explain why it is essential in idea generation and problem solving. It will specifically explore the design thinking five key processes empathize, define, ideate, prototype, and test (Stanford d.school, 2011). Using these five key process can allow for designers to conceptualise their work in a way which enhances their creative capabilities (Brown, 2009).

Finally, every company may encounter various difficulties and need to get out of dilemma during the development process, thus creative thinking is often considered as a gorgeous solution. Ledbetter (2007) states that "it is very possible that situation in business will arise that simply do not fit the mold of a traditional problem. And this is an opportunity to put your creative thinking cap on and get your team thinking". Every company may meet some difficulties when they strive for making progress. If the company