How are prior knowledge and learning important to the recognition of
opportunities?
Prior learning and knowledge help people make better decisions about opportunities and
what they are. It will not be easy to examine an opportunity if the person does not have
prior information about the opportunity. Knowledge and learning provide a holistic
orientation on opportunity analysis and implementation, allowing the opportunity to be
readily converted into a final product.
What are the four steps involved in developing personal creativity?
1. Preparation (Background or Knowledge Accumulation)

Preparation is the first step in the creative process, which includes gathering
information and materials, identifying sources of inspiration, and learning about
the subject or challenge. It is enhanced by reading widely, interacting with others,
recording what is learned, and taking the time to research.
2. The Incubation Process

During this period, it allows the subconscious to work through the information
collected in step 1. for example, by staying open to the ideas that come to you
while you do the dishes or go for a walk.
3. Illumination (The Idea Experience)

After a time of incubation, insights emerge from the mind's deeper layers and,
often dramatically, breakthrough to conscious awareness. It essentially describes
the classic "aha" moment of insight. For example, the sudden creative ideas
come when you are in the shower, taking a walk, or occupied with something
completely unrelated.
4. Verification (Evaluation and Implementation)

It is necessary to verify whether that solution is correct or not. Hence in this last
stage, an evaluation of the solution is done. Stage 3 generates new ideas and
insights, which are fleshed out and developed. Therefore the creative employs
critical thinking and aesthetic judgment skills to sharpen and refine the work and
then communicate its value to others.
In your own words, state what is meant by the term innovation.
Innovation is the process of turning an idea into reality. It could be improving or developing
new exciting solutions, services, products, or business models. Innovation is like making
the impossible possible.