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Creative thinking business essay


creative thinking business essay

to manufacture a final product, and export it to an international market. First, they must realise that they have a very important role to play in providing top-down support for creativity and innovation as their beliefs, attitudes and behaviours invariably lay the foundations on which their organisations practices and policies are built. Without the knowledge to interpret the market conditions, you could miss it totally in terms of your opportunity analysis. A coffee shop in a destination where there is a lack thereof, this creates several problem situations and potentially feasible opportunities for the entrepreneur). The following factors may result in an opportunity: General and specific problems faced by consumers Market shifts Government regulations Competition There are two equally important criteria in the assessment of an opportunity. What exactly is an opportunity and how does an entrepreneur exploit a feasible opportunity? For example, is the demand for this product only a short fashionable phenomenon or is it based on sustainable business, or how long will it take before someone else (a competitor to grab the opportunity? An entrepreneur should therefore be wary of following a fad, (latest trend) and exploiting assumed opportunities in a popular industry. Could you give english factual essay a brief overview of how this can be achieved? There are many ways in which entrepreneurs and managers can increase the creative capacity of their businesses.

creative thinking business essay

Looking at above examples, every problem is not an opportunity, and it really depends at how you are looking at the problem. Wood, Segal Herrington, 2001 Table 1 The percentage of entrepreneurs in the different industries in South-Africa.4.3 What is an opportunity? Step 3 Converting a concept into a tangible or intangible product. For many involved in education, the promotion of creativity is of fundamental importance.

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All of these factors play a significant role in the correct assessment of the business opportunity. Step 4 Finally protecting the tangible or intangible product. A short time later, another shoe company sent their agent to Africa for the same purpose. These two aspects should also link directly to the personal skills and competence of the entrepreneur. Unlike facts and knowledge, that can become obsolete with time, these skills, intricately linked to creativity, will most likely continue to be important throughout ones lifetime. Some businesses outsource their R D and their product development but it seems likely you would not suggest this solution, but would, rather, encourage the business to build their capacity for creativity. Creativity is the first stage in the creative process and occurs when an individual has an idea that is both new and useful. Identify and evaluate the opportunity Develop the business plan Determine the resources needed Manage the enterprise Creation and length of opportunity Real and perceived value of opportunity Risk and returns of opportunity Opportunity versus skills and goals Competitive situation Title page Table of contents Executive. It is therefore important to distinguish between an idea and an opportunity.

Creati ve thinking forms part of this continuous problem solving process, and is the.
Free Essay: Knowledge is generated through critical and creative thinking.
Log ical, and persuasive is a great mix of thinking styles that helps a company.

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