Model Question of Entrepreneurship: 6 Methods of Generating New Ideas

BBS Note Book Entrepreneurship

Generating new ideas is the process of coming up with fresh and creative solutions to problems or challenges. There are various methods that can be used to generate new ideas, such as focus groups, brainstorming, problem inventory analysis, the Delphi technique, library and internet search, and surveys. Each method has its own advantages and disadvantages, and the choice of method will depend on the specific problem or question, the resources available, and the desired outcome. Generating new ideas is an important step in the innovation process, and it can be used in various fields such as business, product development, and research.

The following are the technique for generating new ideas

Focus groups

A focus group is a gathering of 5 to 10 individuals with diverse socio-economic backgrounds and expertise in various subjects. They provide valuable insights through their opinions, beliefs, perceptions, and attitudes toward a product, concept, service, or advertisement, which can be used to generate new ideas.

Brainstorming

Brainstorming is a way of making new ideas by talking with a group. It’s a free-flowing method where people come up with creative ideas from their own minds. Sometimes, some of the ideas might not be realistic but all ideas are accepted during the discussion. It doesn’t require much preparation or pressure from the participants.

Problem inventory analysis

Problem inventory analysis is a method for coming up with new ideas. It involves giving consumers a list of problems and asking them to identify products that have those problems. This technique is used to improve existing products. However, not every outcome of this method leads to a new product being developed.

The Delphi technique

The Delphi Technique is a way of getting feedback from different people within an organization. This feedback is then summarized and the best ideas are chosen. The group works together to come to a common idea that is correct. This technique is commonly used to combine different types of knowledge and ideas and has a good chance of success.

Library and internet search

A library has many sources such as journals, books, business magazines, annual reports, and industry reports that can be used to generate new ideas. The internet and email can also be used for this purpose. By accessing important information from all around the world, this method can help generate new ideas.

Surveys

Surveys are a way to get information and opinions from many people to make new ideas or check existing ones. It can be done in person, on the phone, or online, and they help to get different points of view. Surveys are helpful to make new ideas and get feedback on existing ideas. However, surveys may not give a lot of detailed information and people’s answers may be influenced by what they think is socially acceptable.

All these methods have their own advantages and disadvantages, and the choice of method will depend on the specific problem or question, the resources available, and the desired outcome.

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