Ch 6: Problem-Solving and Need Recognition Techniques Key Terms

Flashcards covering vocabulary terms and definitions from the lecture notes on entrepreneurial problem solving.

Adaptive model

Method of entrepreneurial problem solving that seeks solutions in ways that are tested and known to be effective

Assessment

Lean problem-solving process phase in which the entrepreneur experiments and analyzes the potential process and its capabilities

Brainstorming

Generation of ideas in an environment free of judgment or dissension with the goal of creating solutions

Clarify

First step of the creative process, which involves recognizing the existence of a gap between the current state and a desired state

Communication skills

Skills entrepreneurs use to pool resources for the purposes of investigating solutions leading to innovative problem solving and competitive advantage

Creativity

Development of original ideas

Critical thinking

Complex analysis of a problem or issue with the goal of solving the problem or making a decision

Crowdsourcing

Teams of amateurs and non-experts working together to form a solution to a problem

Data analysis

Process of analyzing data and modeling the data into a structure that leads to innovative conclusions

Decisiveness

Ability to make a quick, effective decision, not letting too much time go by in the process

Design thinking

Method to focus the design and development decisions of a product on the needs of the customer, typically involving an empathy-driven process to define complex problems and create solutions that address those problems

Develop

Stage in which the entrepreneur takes the list of ideas generated and tests each solution for feasibility

Entrepreneurial problem solving

Process of using innovation and creative solutions to close the opportunity gap by resolving complex societal, business, or technological problems

Evaluate

Stage in which the final solution is assessed

Evaluation

Lean problem-solving process phase in which behaviors are analyzed to assess success

External environment

Outside the enterprise and encompasses customers, industry trends, and competition

Hackathon

Event, usually hosted by a tech company or organization, which brings together programmers and workers with other degrees of specialization within the company, community, or organization to collaborate on a project over a short period of time

Human-centered design

Focuses on people during design and development

Ideate

Stage of the creative problem-solving process leading to the detailing and formation of idea generation by the entrepreneur

Implement

Means to enact the plan and test for success

Innovative model

Method of entrepreneurial problem solving that uses techniques unknown to the market and that bring competitive advantage to an organization

Internal environment

Comprises the factors inside the enterprise, such as employees, and internal practices and processes

Lean process

Systematic process for the maximizing of continuous improvement and the minimization of surplus or unused material in the production of a process

Need awareness

Occurs when the entrepreneur notes a gap between societal or customer needs and actual circumstances

Observation

Lean problem-solving process phase in which the entrepreneur studies the challenge and notes all facets of the challenge requiring solution

Petitioner problem solvers

Problem solvers who see a problem and ask others for solution ideas

Resourcefulness

Ability to discover clever solutions to obstacles

Self-regulating problem solvers

Problem solvers who are autonomous and work on their own, without external influence; they have the ability to see a problem, immediately visualize a possible solution to the problem, and seek to devise a solution

Storyboarding

Process of presenting an idea in a step-by-step graphic format

Team creativity

Process of a team creating an unexpected solution for an issue or challenge

Theorist problem solvers

Problem solvers who see a problem and begin to consider a path toward solving the problem using a theory

Whiteboarding

Type of graphing that permits the entrepreneur to plot each step in a process to build comprehension and detailing of the process