Chapter 6 (Open Stax) Entrepreneurship

communication

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

business and industry awareness

sometimes this comes within an organization

ability to analyze data

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

self-regulating problem solver

autonomous and works on own, without external influence; ability to see a problem, immediately visualize a possible solution to the problem, and seek to devise a solution

theorist problem solver

sees a problem and begins to consider a path toward solving the problem using a theory

crowdsourcing

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

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

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

empathizing

have empathy for the problem you are attempting to solve

defining

describing the core problem(s) that you and your team have identified

prototyping

creates and tests inexpensive, scaled-down product with features or benefits that serve as solutions for previously identified problems

testing

designers apply rigorous tests of the complete product using the best solutions identified in the prototyping space

adaptive problem solving

seeks solutions in ways that are tested and known to be effective

innovative problem solving

uses techniques unknown to the market and that bring competitive advantage to an organization

critical thinking

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

decisiveness

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

resourcefulness

ability to discover clever solutions to obstacles

petitioner problem solver

sees a problem and asks others for solution ideas

brainstorming

generation of ideas in an environment free of judgement or dissension with the goal of creating solutions

ideating

begin to come up with ideas that address the problem "space" you have defined

lean processes

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