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In: Economics

Subject: Intro to entrepreneurship Creative problem solving is essential for developing innovation beyond just producing new...

Subject: Intro to entrepreneurship

Creative problem solving is essential for developing innovation beyond just producing new idea. Discuss the steps involved in creative problem solving. Identify the areas where problems may arise in your business idea / venture and discuss the techniques for creatively solving these business challenges.

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Handling boundaries and challenges is a normal part of working lifestyles, and overcoming them isn't always clean. In order to enhance your products, services, communications, and interpersonal capabilities, and for you and your organisation to excel, you need to encourage innovative questioning and locate revolutionary solutions that paintings.

Creative Problem Solving (CPS) asks you to separate your "divergent" and "convergent" wondering as a manner to do that. Divergent questioning is the process of generating lots of ability solutions and opportunities, otherwise called brainstorming. And convergent thinking includes evaluating the ones alternatives and choosing the most promising one. Regularly, we use a mixture of the two to expand new ideas or answers. But, using them concurrently can result in unbalanced or biased choices, and can stifle idea technology.

Steps involved in creative problem solving are;

1. Clarify

2. Ideate

3. Develop

4. Implement

1. Clarify

Perceive your intention, desire or task. That is a vital first step as it's smooth to count on, incorrectly, which you realize what the problem is. However, you may have missed something or have didn't recognize the problem fully, and defining your goal can offer clarity. This step includes exploring vision, gathering data and question formulation.

2. Ideate

Exploring ideas and generate thoughts that answer the assignment questions you diagnosed in step 1. it can be tempting to remember answers which you've tried before, as our minds tend to return to ordinary thinking styles that stop us from generating new ideas.

3. Develop

The development stage is the convergent level of CPS, where you begin to consciousness on evaluating all your feasible alternatives and come up with answers. Analyze whether capacity solutions meet your needs and standards, and determine whether you could put in force them effectively.

4. Implement

Once you've got selected the first-class solution, it is time to expand a plan of action. Begin by identifying sources and moves with a view to will let you put in force your preferred answer. Subsequent, communicate your plan and make certain that everyone involved is familiar with and accepts it.

Identifying a problem which may arise in business is very important and same can be solved using different techniques. The challenges of business may be such as; uncertainty about the future, monitoring performance, financial management, regulation and compliances, technology, customer service and maintaining reputation etc. The techniques which will be used for solving these problems is CPS only.


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