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Entrepreneurial Creativity Defined
Entrepreneurial Creativity
is about coming up
with
innovative ideas
and turning them into value-creating profitable
business activities.
Entrepreneurial creativity =
creativity
×
entrepreneurial
action.
"Entrepreneur
is a person who habitually creates and innovates to build something of
recognized value around perceived opportunities.1
In this definition of the Entrepreneur,
"creates" means starting from scratch and bringing into being something that
was not there before.
Yin and Yang of Entrepreneurial Creativity
6 Barriers To Creative Thinking and
Innovation
Negative Attitude: The tendency to
focus on the negative aspects of problems and expend energy on worry...
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Steve Jobs' 12 Rules of Success
-
Be different. Think different.
"Better be a
pirate than to join the navy."...
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Be Different and Make a Difference!
Inspirational Business Plan:
Successful Innovation
Milestones Completed and Future Plans:
"There's a way to do
it better – find it."
–
Thomas Edison...
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The Power of Your Cross-functional
Expertise
Your
mind
can accept only those ideas that have a frame of reference with your
existing knowledge. It rejects everything else. If your knowledge is
functionally focused, you'll be open to new ideas related to your functional
expertise only and will miss all other learning and innovation
opportunities.
If you develop a broad
cross-functional expertise, no new idea will be wasted. It will
immediately connect with the existing knowledge and will inspire you,
energize you, and encourage your entrepreneurial creativity. The broader
your net, the more fish you can catch...
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DOs and DON'Ts of a Successful Innovator
By: Peter Drucker
DOs:
Start small – try to do one
specific thing...
DON'Ts:
Don't undershoot, or you
will simply create an opportunity for competition...
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The Art of Innovation: 9 Truths
By: Guy Kawasaki
-
Break down the barriers. The way life should work is that
innovative products are easy to sell. Dream on. Life isn't fair. Indeed,
the more innovative, the more barriers the status quo will erect in your
way.
Entrepreneurs should understand this upfront and not get flustered
when market acceptance comes slowly. I've found that the best way to
break barriers is enable people to test drive your innovation: download
your software, take home your hardware, whatever it takes....
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Ask Yourself
By James Allen, the Author of
As a Man Thinketh
For
true success
ask yourself these four questions:
-
Why?
-
Why not?
-
Why not me?
-
Why not now?
...
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Ask Searching Questions
Don't ask one or two questions and then rush straight towards a solution.
With an incomplete understanding of the problem it is very easy to jump to
wrong conclusions.
Ask open-ended questions that elicit a wide rage of answers:
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Changes – a Source of
Opportunities
Innovation
is the specific tool of entrepreneurs. Doing new things, or
doing old things in new ways is how entrepreneurs
exploit change
as an opportunity for a different business or a different service.
entrepreneurs
see change as the norm and as healthy; they always search
for change, respond to it, and exploit it as an opportunity.
Innovation can be approached
methodically, by a purposeful and organized
search for changes and by identifying the opportunities
that such
changes might offer. In your search, focus on opportunities, not problems,
these changes can bring along. Results come from
exploiting opportunities, not solving problems.
Entrepreneurial Leader: 4 Specific Attributes
Balanced Organization:
5 Basic Elements
Empowered Employees
(Metal):
The Jazz of Innovation: 11 Practice Tips
12 Breakthrough Ideas for the New Economy
Source: Harvard Economic Review
Executive summary by Anastasia Bibikova.
The best ideas related to the practice of management. If you
know somebody has used them, don’t try to repeat. Simply consider them,
debate them and let them inspire your own thinking!...
2. Monopoly on Creativity:
What is nowadays’ key economic resource? It was proved that
only creative
people can “reach the moon” and make the company flourish...
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Continuous Innovative Activity
"Creativity
is a continuous activity for the
entrepreneur, always seeing new ways of
doing things with little concern for how difficult they might be or whether
the resources are available. But the creativity in the entrepreneur is
combined with the ability to innovate, to take the idea and make it work in
practice.
This seeing something through to the end and not being satisfied
until all is accomplished is a central
motivation
for the entrepreneur.
Indeed once the project is accomplished
the entrepreneur seeks another 'mountain to climb' because for him or her
creativity and
innovation
are habitual,
something that he or she just has to keep on doing."1 This is why
entrepreneurs disturb markets, 'thrive on
chaos', and can challenge large established businesses.
 Humorous Business Plan:
How To Succeed In Innovation
Milestones completed and future plans:
"If at first the idea is not absurd, then
there is no hope for it."
–
Albert Einstein...
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How To
Achieve High Visibility In Your Target Market: 10 Strategic Tips
By:
Glenn Ebersole
Strategic Tip
#4: DO commit to and be an
idea generator. Highly visible people are seen as resources and
people who can really help move a business, an organization and/or
ideas forward...
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Thinking Outside the Box...
Lateral Thinking....
Systemic Thinking...
Key Entrepreneurial Tasks...
Be a Negative Optimist...
Creative Problem Solving...
Creative Thinking Tests...
10 Steps of Creativity...
Asking Searching Questions...
10 Steps to Turning Your Ideas /
Inventions into Big Cash Wealth...
Taking Action...
Managing Creativity in Your Business
Environment...
Managing Ideas...
Managing Radical Innovation...
Making Accidental Discoveries a Habit...
Tips for Forcing Combinations...
Take a Different View...
Pursuing Opportunities...
Five Steps toward Entrepreneurial Creativity...
The Tao of Entrepreneurial Creativity...
Case in Point
Ford Motor Company...
Case in Point
The Power of Attitude...
Case in Point
Half.com...
Case in Point
Coco Chanel...
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