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MGMT8020 Applied Entrepreneurship And Innovation

tag 0 Download 11 Pages / 2,594 Words tag 03-07-2021

Question:

In the unit, you learnt that entrepreneurs are individuals who recognize opportunities where others see chaos or confusion. They challenge the unknown and continuously create the future. In addition, potential entrepreneurs are always looking for unique opportunities to fill needs or wants. They sense economic potential in business problems by continually asking ' if only they...', "what if...?" or ' Why not...?" They develop an ability to see, recognize and create opportunity where others find only problems.

Think about the following areas to get a sense of ideation and initial concept:

  • Lookfor new  Your next business idea doesn’t have to reinvent the wheel. Can you build a better mousetrap?
  • Apply your skills to an entirely new field. Think about your skills and whether they might be useful in a newarea?
  • Finda category lacking recent  Revisit Module 2 on Innovations.
  • Makea cheaper version of an existing  Companies often get their start by offering customers an existing product at a lower price.
  • Havean idea quota; write ideas  You need to be as tenacious as you can with this. Every day, set out an idea quota within a period of roughly 45 minutes to an hour, where you do nothing but write down ideas about the area that interests you.
  • Creative Mind Tools such as brainstorming – a method for obtaining new ideas focusing on the parameters.
  • OR,Reverse Brainstorming – A group method for obtaining new ideas focusing on the 
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[Accessed 07 February 2023].

My Assignment Help. 'MGMT8020 Applied Entrepreneurship And Innovation' (My Assignment Help, 2021) <https://myassignmenthelp.com/free-samples/mgmt8020-applied-entrepreneurship-and-innovation/ideal-concept-of-entrepreneurship.html> accessed 07 February 2023.

My Assignment Help. MGMT8020 Applied Entrepreneurship And Innovation [Internet]. My Assignment Help. 2021 [cited 07 February 2023]. Available from: https://myassignmenthelp.com/free-samples/mgmt8020-applied-entrepreneurship-and-innovation/ideal-concept-of-entrepreneurship.html.


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