Management Notes

Reference Notes for Management

Idea Generation – Methods of Generating New Ideas for Entrepreneurs | Entrepreneurship

Methods of Generating New Ideas for Entrepreneurs

Idea generation Meaning

Idea generation is the process of creating, developing, and communicating ideas that are abstract, concrete, or visual.

Idea generation is a creative process businesses use to generate new ideas, whether they’re tangible or intangible. It involves gathering ideas, research, testing, editing, or revising and ultimately implementing the plan.

Even with the wide variety of sources available, coming up with an idea to serve as the basis for the new venture can still be a difficult problem.

The entrepreneur can use several methods to help generate and test new ideas, including focus groups, brainstorming, and problem inventory analysis.

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