Chapter 2: Inside the
Entrepreneurial Mind: From Ideas to Reality
Objectives |
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Upon completion of this chapter, you will be able to:
- Explain the differences among creativity, innovation and entrepreneurship.
- Describe why creativity and innovation are such an integral part of
entrepreneurship.
- Understand how the two hemispheres of the human brain function and what role
they play in creativity.
- Explain the ten "mental locks" that limit individual creativity.
- Understand how entrepreneurs can enhance the creativity of their employees
as well as their own creativity.
- Describe the steps in the creative process
- Discuss techniques for improving the creative process.
- Describe the protection of intellectual property involving patents,
trademarks, and copyrights.
Chapter 2: Inside the
Entrepreneurial Mind: From Ideas to Reality
Chapter Overview
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- Explain the differences among creativity, innovation and
entrepreneurship.
- The entrepreneur's "secret" for creating value in the marketplace is
applying creativity and innovation to solve problems and to exploit
opportunities that people face every day. Creativity is the ability to develop
new ideas and to discover new ways of looking at problems and opportunities.
Innovation is the ability to apply creative solutions to those problems and
opportunities to enhance or to enrich people's lives. Entrepreneurship is the
result of a disciplined, systematic process of applying creativity and
innovation to needs and opportunities in the marketplace.
- Describe why creativity and innovation are such an integral part of
entrepreneurship.
- Entrepreneurs must always be on guard against paradigms--preconceived ideas
of what the world is, what it should be like, and how it should operate--because
they are logjams to creativity. Successful entrepreneurs often go beyond
conventional wisdom as they ask "Why not ... ?"
- Success--even survival--in this fiercely competitive, global environment
requires entrepreneurs to tap their creativity (and that of their employees)
constantly.
- Understand how the two hemispheres of the human brain function and
what role they play in creativity.
- For years, people assumed that creativity was an inherent trait. Today,
however, we know better. Research shows that almost anyone can learn to be
creative. The left hemisphere of the brain controls language, logic, and
symbols, processing information in a step-by-step fashion. The right hemisphere
handles emotional, intuitive, and spatial functions, processing information
intuitively. The right side of the brain is the source of creativity and
innovation. People can learn to control which side of the brain is dominant in a
given situation.
- Explain the ten "mental locks" that limit individual creativity.
- The number of potential barriers to creativity is limitless, but
entrepreneurs commonly face ten "mental locks" on creativity: Searching for the
one "right" answer; focusing on "being logical;" blindly following the rules;
constantly being practical; viewing play as frivolous; becoming overly
specialized; avoiding ambiguity; fearing looking foolish; fearing mistakes and
failure; and believing that "I'm not creative."
- Understand how entrepreneurs can enhance the creativity of their
employees as well as their own creativity.
- Entrepreneurs can stimulate creativity in their companies by: expecting
creativity; expecting and tolerating failure; encouraging curiosity; viewing
problems as challenges; providing creativity training; providing support;
rewarding creativity; and modeling creativity.
- Entrepreneurs can enhance their own creativity by using the following
techniques: Allowing themselves to be creative; giving their minds fresh input
every day; keeping a journal handy to record their thoughts and ideas; reading
books on stimulating creativity or taking a class on creativity; taking some
time off to relax.
- Describe the steps in the creative process.
- The creative process consists of seven steps: Step 1. Preparation--involves
getting the mind ready for creative thinking; Step 2. Investigation--requires
the individual to develop a solid understanding of the problem or decision; Step
3. Transformation--involves viewing the similarities and the differences among
the information collected; Step 4. Incubation--allows the subconscious mind to
reflect on the information collected; Step 5. Illumination--occurs at some point
during the incubation stage when a spontaneous breakthrough causes "the light
bulb to go on;" Step 6. Verification--involves validating the idea as accurate
and useful; and Step 7. Implementation--involves transforming the idea into a
business reality.
- Discuss techniques for improving the creative process.
- Three techniques that are especially useful for improving the creative
process:
- Brainstorming is a process in which a small group of people interact with
very little structure with the goal of producing a large quantity of
novel and imaginative ideas.
- Mind-mapping is a graphical technique that encourages thinking on both sides
of the brain, visually displays the various relationships among ideas, and
improves the ability to view a problem from many sides.
- Rapid prototyping is based on the premise that transforming an idea into an
actual model will point out flaws in the original idea and will lead to
improvements in its design.
- Describe the protection of intellectual property involving patents,
trademarks, and copyrights.
- A patent is a grant from the federal government that gives an inventor
exclusive rights to an invention for 20 years.
- A trademark is any distinctive word, symbol, or trade dress that a company
uses to identify its product and to distinguish it from other goods. It serves
as a company's "signature" in the marketplace.
- A copyright protects original works of authorship. It covers only the form
in which an idea is expressed and not the idea itself and lasts for 50 years
beyond the creator's death
Chapter 1: The Foundations of
Entrepreneurship
Small Business
Assignments |
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Answer the following questions: (answer all of these
questions!)
5. What is a paradigm? What impact do paradigms have on
creativity?
6. Can creativity be taught or is it an inherent trait?
Explain
9 What can you do to stimulate creativity and encourage it among your
workers?
10 Explain the steps of the creative process. What can an
entrepreneur do to enhance each step?
11. Explain the differences among a patent, a trademark, and a
copyright. What form of intellectual property does each protect?
Interview an entrepreneur about his or her experiences as a business owner.
Where did their business idea originate? How important are creativity and
innovation to their success? How do they encourage an environment of
creativity in their business?
Appendix B: Mission/Vision Statement
Chapter 2: Inside the
Entrepreneurial Mind: From Ideas to Reality
Small Business Links
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- About.com - Law
http://law.about.com/newsissues/law/
- BeMoreCreative.com
http://www.bemorecreative.com/
- BrainDance.com
http://braindance.com/
- Captivate Network
http://www.captivatenetwork.com/
- Creative Center of the Universe
http://www.gocreate.com/
- Creativity, Innovation, and Problem Solving
http://www.quantumbooks.com/Creativity.html
- Directed Creativity
http://www.directedcreativity.com/
- DriveSavers Inc.
http://www.drivesavers.com/
- Enchanted Mind
www.enchantedmind.com
- Eureka, A Multimedia Journey Through the Inventions of the 20th Century
http://library.thinkquest.org/16541/eng/home/default/index_main.shtml
- Idea Caf\0x8E
http://www.ideacafe.com/
- The Creativity Web
www.ozemail.com.au/~caveman/Creative
- Broken Crayons
www.cre8ng.com
- The Innovation Network
www.thinksmart.com
- What a Great Idea!
www.whatagreatidea.com
- Creative Aerobics
www.nutscape.com/creativity/html/indexx.htm
- CPSI,Creative Problem Solving Institute
www.cef-cpsi.org
- Brain Tricks
www.braintricks.com
- Delft School of Industrial Design Engineering
www.io.tudelft.nl/education/io96/
- Findlaw for Business: Technology Deals, Contracts, and Agreements
http://techdeals.biz.findlaw.com/
- FreeAdvice.com, The Easy-to-Use Site for Legal Information
http://www.freeadvice.com/
- The Invention Dimension
http://web.mit.edu/invent/index.html
- Multimedia magazine
www.volusia.com/creative
- Mind Tools
www.mindtools.com
- The 100% Brain Course
www.tiac.net/users/seeker/index.html
- Pattern Research
www.pattern.com
- Odyssey of the Mind
www.odysseyofthemind.org
- Intellectual Property Rights: Copyrights, Trademarks, and Patents
http://www.brint.com/IntellP.htm
- Lawyers.com
http://www.lawyers.com/
- Legaldocs.com, Online Legal Forms
http://www.legaldocs.com/
- Quickform Contracts Online
http://www.quickforms.net/
- U.S. Patent and Trademark Office
http://www.uspto.gov
- A Basic Guide and Index For Patent, Trademark and Copyright Information and
Search
http://pw1.netcom.com/~patents2/
- Steins and Associates Business and Intellectual Property Law
http://www.steins-patents.com/
- LSU Libraries: Patents and Trademarks
http://www.lib.lsu.edu/sci/ptdl/int-prop.html
- The Intellectual Property Law Server
http://www.intelproplaw.com/