Idea Generation in Business World

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2 years ago
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Idea generation is the act of formulating, processing and creating Ideas that can be a basis in innovation strategy or coming up with possible solutions to perceived or actual problems and opportunities.

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It is important as it is one of the first step towards improvement and help us to expand our range of ideas beyond our current range of thinking. It also uses to improve what is already existed, like when trying tp solve a problem or approaching a new opportunity, people use existing solutions or mental models instead of trying to come up with new ones.

The three steps in Idea Generation and their function

Step 1:

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Recognize your team. By recognizing your team, gathering and collecting new ideas from them will be the best way to uncover creative, tacit knowledge.

Step 2:

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Put aside the data gathering reports and documentation. Expand the ideas to questions, more variables, and more ideas before you begin the refinement process.

Step 3:

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Stand in the future. Choose a good and potential ideas available and can be used in the future.

Examples scenarios where Idea Generation becomes vital to the company

  1. Jelly wants put up her own unli chicken wings business because it has been popular nowadays, but she had many competitors to compete with. Her business should have its uniqueness that can be differ from others. She need to think a possible solution and generate new ideas, so it will stand out in the market.

  2. Nokia is one of the top mobile phones brand in the market before, but because of the competitors like Apple, their sales was decrease and they try to reduce their prices to gain sales but they failed. They are too focused on decreasing their product's price to gain sales and forget that they can produce unique products. If they didn't stop to generate ideas they will still surely be one the top brand mobile phones until now.

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That's all! I hope you enjoy reading and learned something to this!

Let me know your about this article, just comment down below!

# 39
: Monday
: September 19, 2022
: Re-joyce

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2 years ago

Comments

We should learn as always and always search the good solution and take a look at the quality, not quantity, thank you po for sharing this.

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2 years ago

I really like the fact that you use your business studies in your articles. It's brilliant and I'm sure it helps keep what you learned banked in your mind.

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2 years ago

Thanks friend! Yes I really learned somethings from our past subjects!

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2 years ago

You are young so focus on your goals and self-development. Learn new things, try new things, and explore thinking out of the box. Don't fret if no one recognizes you because this is just normal. Continue to develop yourself towards you seen goals, work hard and harder each day and step up. And always develop a back up plan, not all plans are bullet-proof, and develop too your coping mechanism. It helps you in the midst of all failure and you have no one around you to help or lift your spirit. Good luck and God bless.

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2 years ago

Thankyou for valuable thoughts about this article and for passing by, Jento!

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2 years ago

True Joyce dapat recognize your team tas dun na mag start mag brainstorming ng mga ideas kung ano pwede nila i-suggest.

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2 years ago

Yes matuto tayong makinig at mag accept ng suggestion ng iba😊

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2 years ago

Yes Joyce. Dapat maging open din tayo sa iba.

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2 years ago