Creativity is the process of generating new ideas and innovation is a process of generating as...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Creativity is the process of generating new ideas and innovation is a process of generating as well as applying new ideas. Creative entrepreneurs are always thinking up of new products or services, and innovative thinking is the ability to create or open up new markets. Being creative and innovative are certainly two of the traits that demonstrate how competitive an entrepreneur is. a) Entrepreneurship is about generating ideas. Explain FIVE (5) sources of business idea. b) Discuss FIVE (5) obstacles to creativity/innovation that entrepreneurs must overcome Creativity is the process of generating new ideas and innovation is a process of generating as well as applying new ideas. Creative entrepreneurs are always thinking up of new products or services, and innovative thinking is the ability to create or open up new markets. Being creative and innovative are certainly two of the traits that demonstrate how competitive an entrepreneur is. a) Entrepreneurship is about generating ideas. Explain FIVE (5) sources of business idea. b) Discuss FIVE (5) obstacles to creativity/innovation that entrepreneurs must overcome
Expert Answer:
Answer rating: 100% (QA)
aFive sources of business ideas for entrepreneurship include 1 To look at changes in the environment in terms of societal physical or industry changes in the environment that will give an opportunity ... View the full answer
Related Book For
Smith and Roberson Business Law
ISBN: 978-0538473637
15th Edition
Authors: Richard A. Mann, Barry S. Roberts
Posted Date:
Students also viewed these general management questions
-
How would the process of generating a cash disbursements journal from the REA data model presented in Figure and Table differ from the process for creating a salesjournal? TABLE 18-1 Table Names and...
-
A major focus of this course is the process of financial reporting. (a) What is meant by the term financial reporting? (b) What are the principal accounting reports involved in the financial...
-
What is the process of innovation in commercializing emerging technologies through complimentary assets? What are the effects on policy in commercializing emerging technologies through complimentary...
-
Class Median Midpoint, x Income, I 19.5 $12,965 An individual's income varies with age. The table shows the median income I of individuals of different age groups within the United States for a...
-
What are common ways to investigate conversion of stolen assets?
-
On January 1, 2012, Central City issued a 20-year serial bond to finance improvements to the water distribution system. A total of $ 80,000,000 face value of bonds were issued with coupon and...
-
Who was the auditor for HealthSouth during their fraudulent period? a. Ernst \& Young b. Arthur Andersen c. \(\mathrm{PwC}\) d. Deloitte \& Touche e. KPMG
-
Presented below is the ledger for Sparks Co. Instructions (a) Reproduce the journal entries for the transactions that occurred on October 1, 10, and 20, and provide explanations for each. (b)...
-
M5-15 Estimating Revenue Recognition with Right of Return ModCloth, Inc. offers an unconditional return policy. It normally expects 2% of sales at retail selling prices to be returned before the...
-
1.Explain the types of conversion strategy options. Make a recommendation and highlight the choices as it reflects the cost, time, and risk associated with elements of the transition. Explain which...
-
QUESTION 8 (a) A marketing study found that the mean spending in 15 categories of consumer items for 150 respondents in the 18 to 34 age group was RM75.50 with a standard deviation of RM53.20. For...
-
During 2023, Wildhorse Corporation started a construction job with a contract price of $3.08 million. Wildhorse ran into severe echnical difficulties during construction but managed to complete the...
-
Regular tires are made on one production line, and the other types of tires are made on a separate line. On the regular tire production line, the bottleneck resource can produce 167 pallets of tires...
-
Colah Company purchased $ 1 , 0 0 0 , 0 0 0 of Jackson, Inc., 5 % bonds at their face amount on July 1 , 2 0 2 1 , with interest paid semi - annually. The bonds mature in 2 0 years but Colah planned...
-
The following information is from Tejas WindowTint's financial records. Month April Purchases Sales $ 72,000 71,000 66,000 88,000 $ 61,000 60,000 May June July 48,000 66,000 Collections from...
-
A- Central bank of Bahrain (CBB) employs three different instruments for managing monetary policy. Explain Bahrain maintains a fixed exchange rate between dinar and us dollar. the exchange rate use...
-
Book Reference: https://file.groupme.com/v1/94587249/files/49f2940a-2d10-4c02-83a6-47c1079b7b8c? access_token=otm9rRFGsvHVLMXBtVIHLV6D8LUKBV36SjUGMbtk&omit-content-disposition=true Note: If you use...
-
(a) Use integration by parts to show that (b) If f and g are inverse functions and f' is continuous, prove that (c) In the case where f and t are positive functions and b > a > 0, draw a diagram to...
-
Jack Duran, president of Colorado Carpet Installation, Inc., began negotiations with Fred and Zuma Palermo for the sale and installation of carpeting, carpet padding, tile, and vinyl floor covering...
-
This is a stocklist case arising under 220(b) of our [Delaware] General Corporation Law. The issue is whether a shareholder states a proper purpose for inspection under our statute in seeking to...
-
Rowe advertised in newspapers of wide circulation and otherwise made known that she would pay $5,000 for a complete set consisting of ten volumes of certain rare books. Ford, not knowing of the...
-
Go to the Journal of Forensic Accounting Inter- net site. What approach does the publisher, James Edwards, take with respect to the defi- nition of forensic accounting? Is the narrow or broad...
-
On the Internet, compare the forensic account- ing programs at Florida Atlantic University and West Virginia University. What is your opinion with respect to getting a degree over the Internet? Does...
-
On the Internet, locate the U.S. Dept. of Jus- tice, "Education and Training in Fraud and Forensic Accounting: A Guide for Education- al Institutions, Stakeholder Organizations, Faculty, and...
Study smarter with the SolutionInn App