Chapter 6 (Open Stax) Entrepreneurship

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22 Terms

1

communication

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

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2

business and industry awareness

sometimes this comes within an organization

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3

ability to analyze data

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

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4

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

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5

theorist problem solver

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

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6

crowdsourcing

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

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7

storyboarding

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

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8

team creativity

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

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9

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

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10

empathizing

have empathy for the problem you are attempting to solve

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11

defining

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

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12

prototyping

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

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13

testing

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

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14

adaptive problem solving

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

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15

innovative problem solving

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

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16

critical thinking

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

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17

decisiveness

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

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18

resourcefulness

ability to discover clever solutions to obstacles

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19

petitioner problem solver

sees a problem and asks others for solution ideas

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20

brainstorming

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

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21

ideating

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

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22

lean processes

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

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