Ind. 2.06 EMPLOY ENTREPRENEURIAL DISCOVERY STRATEGIES TO GENERATE FEASIBLE IDEAS FOR BUSINESS VENTURES/PRODUCTS. WHY DO COMPANIES NEED TO GENERATE NEW IDEAS? ENTREPRENEURS MUST BE ABLE TO THINK CREATIVELY! Solve problems Generate, develop, and communicate new ideas NEW IDEAS….. Advantages More money Increased creativity Better society More pleasant working environment Better products and services Better management Improvements in productivity and reliability Disadvantages Brainstorming sessions can be unstructured and quickly become out of control BRAINSTORMING SESSIONS… A facilitator (leader) is needed to keep the group on track Wise use of time Encouraging participation and creativity Remains objective and flexible WHAT QUESTIONS HELP WITH IDEA GENERATION? Clarifying questions – those that help ensure a full understanding of topics; essential for all team members to be working with common knowledge for planning problem solving. Exploratory questions – emphasize possibilities that have not yet been discussed; enhance teams ability to find creative solutions. Why questions – these examine the underlying rationale for actions, processes, or circumstances; useful for problem solving, planning and several other purposes. THE CREATIVE PROBLEM SOLVING CYCLE WHERE DO I START….. Observe what's around you and what's been done before. Ask for product ideas from customers. Think creatively about pre-existing products. ACTIVITY Use the materials provided to: (note to teachers: give students a random collection of items i.e. ribbon, plates, paper clips, forks, spoons, rubber bands, etc.) Use the information you have learned today to brainstorm ideas to create a “new” product Be prepared to share, explain and sell your product to the class