Explain creative efforts as an idea field and also list the ways in wh

1.	Explain creative efforts as an idea field and also list the ways in which these ideas can be generated.
Answer» Creativity is an important and key component of the talents and abilities needed for an entrepreneur for spotting and to harness opportunities. It can also be applied to develop new products and services. There are basically five ways in which creative ideas can be generated: 1. Develop a new product or service. 2. Improve an existing product or service 3. Find a new process or resource for manufacturing a product. 4. Find new markets for existing products or services. 5. Find a new use of an existing product or service.

Explain creative efforts as an idea field and also list the ways in which these ideas can be generated.

Answer»

Creativity is an important and key component of the talents and abilities needed for an entrepreneur for spotting and to harness opportunities. It can also be applied to develop new products and services.

There are basically five ways in which creative ideas can be generated:

1. Develop a new product or service.

2. Improve an existing product or service

3. Find a new process or resource for manufacturing a product.

4. Find new markets for existing products or services.

5. Find a new use of an existing product or service.

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