• Home
  • Study Resources
    • group1
      • Business
        • Accounting & Finance
        • Business Environment
        • Business Law
        • Business Plan
        • Change Management
        • Economics
        • Human Resource Management
        • Innovation and Entrepreneurship
        • Operation Management
        • Organisational Behavior
        • Project Management
        • Sales & Marketing
        • Strategic Management
        • Business
        • Accounting & Finance
        • Business Environment
        • Business Law
        • Business Plan
        • Change Management
        • Economics
        • Human Resource Management
        • Innovation and Entrepreneurship
        • Leadership & Management
        • Operation Management
        • Organisational Behavior
        • Project Management
        • Sales & Marketing
        • Strategic Management
    • group2
      • Research
        • DBA Thesis
        • Dissertation Undergraduate
        • Dissertation Postgraduate
        • M.Phil / P.H.D Thesis
    • group3
      • Research Proposal
        • DBA Research Proposal
        • Proposal for Undergraduate
        • Proposal for Postgraduate
        • M.Phil / P.H.D Proposal
    • group4
      • Others
        • HND in Business
        • HND in Education
        • HND in health / social care
        • Knowledge Management
  • Blog
  • About Us
  • Contact Us
    • RegisterLogin
    • GET STARTED
Global Coursework
  • Home
  • Study Resources
    • group1
      • Business
        • Accounting & Finance
        • Business Environment
        • Business Law
        • Business Plan
        • Change Management
        • Economics
        • Human Resource Management
        • Innovation and Entrepreneurship
        • Operation Management
        • Organisational Behavior
        • Project Management
        • Sales & Marketing
        • Strategic Management
        • Business
        • Accounting & Finance
        • Business Environment
        • Business Law
        • Business Plan
        • Change Management
        • Economics
        • Human Resource Management
        • Innovation and Entrepreneurship
        • Leadership & Management
        • Operation Management
        • Organisational Behavior
        • Project Management
        • Sales & Marketing
        • Strategic Management
    • group2
      • Research
        • DBA Thesis
        • Dissertation Undergraduate
        • Dissertation Postgraduate
        • M.Phil / P.H.D Thesis
    • group3
      • Research Proposal
        • DBA Research Proposal
        • Proposal for Undergraduate
        • Proposal for Postgraduate
        • M.Phil / P.H.D Proposal
    • group4
      • Others
        • HND in Business
        • HND in Education
        • HND in health / social care
        • Knowledge Management
  • Blog
  • About Us
  • Contact Us
  • RegisterLogin
  • GET STARTED

Innovation and Entrepreneurship

Global Coursework has huge resources and study materials for students across the world. It has now over 10 millions documents
  • Home
  • Blog
  • Innovation and Entrepreneurship
  • Innovation and Enterprise Assessment 1 (GC02005)
Innovation and Enterprise Assessment 1

Innovation and Enterprise Assessment 1 (GC02005)

  • Categories Innovation and Entrepreneurship

Table of Contents

Introduction.

Discussion.

Evaluation.

Decision and Justification.

Conclusion.

References.

 

 Introduction

Idea generation is a creative procedure for innovation. Idea generation is to enable and enrich the thinking power of humans with a set of creative development and communicating to make introduce us to visualization. Idea management involves idea generation and this part of idea management concerns solving problems or issues. Both tangible and intangible idea works for critical analysis of a problem. But selecting the best ideas from among all is a challenge (Abourizk, n.d.).

Discussion

Idea generation provides a scope to come forward with new and ideas regarding major problems. Some of the reasons why idea generation is necessary are:

  • The idea generation diversifies our knowledge. We will be more interested to learn and know different criteria.
  • It enhances and enriches our viewpoints. After identifying problems, the power of seeing different, the power of analyzing differently will enhance.
  • Experience is another advantage of idea generation. We utilize our skills for a better experience.
  • Group discussion will help to give and receive feedback from others so that they can reform the ideas and develop a better one.
  • Productivity is maximized by a wide range of new ideas. When a group works with under-skilled and experienced brainstorming leaders, groups can generate maximum effectiveness.
  • Different views cause different possibilities. New ideas also alert new risks related to the ideas. This will assist in risk management (Smartstorming, 2018)

Idea generation is effective from a sided view. But some cases have proved the brainstorming procedure is not the best way to take a chance from the opportunity. It has some cons too from the other viewpoint. Here are some cons of idea generation are stated:

  • Idea generation with the team can promote conflicts and arguments. The different viewpoints, knowledge, and assumptions create different ideas. Here another party may not be comfortable with the ideas. Fight and augments come from the differences.
  • Idea generation becomes effective while all the factors are present. But the absence of some factors can abolish the idea. Sometimes lack of proper knowledge and understanding cannot shape a solution though it is effective.
  • It will not perform a good impact on all cases. The idea comes from different stages of people, different cultures, different sex, and different personalities. So their ideas will affect more to their own culture, stage, and their personality (Garage, 2016).

 

Evaluation

Allianz Company UK provides an idea management platform to retain innovation. Idea management is a platform to enable this firm to generate innovation from a large number of employees. managers face difficulties due to deploying those platforms but they believe that idea generate procedure increases business value. Allianz keeps an idea management sector where employees innovate different ideas regarding difficult issues. They believe, the process enables their employees to use opportunities properly and their knowledge, skills, and experience make them competent (Researchgate, 2018).

From the advantage, the company survey also states that they are continuing with the procedure of innovation. Though their brainstorming causes several difficulties but regarding them as a challenge, Allianz company keeps concerned about idea generation as they find new ways for the employees to solve any problems. This will enrich the employee’s productivity and experience and declare several risks on how a company can take contingency actions.

 Decision and Justification

From the discussion, it can be said that the idea generation has more advantages than a disadvantage. Innovation is a certain element of an organization that exploits changes as an opportunity. Creativity is to think new and update when innovation comes from creativity. one can think creatively about existing problems and the solution.

The creative approach leads to new ideas. This doesn’t mean the idea is the best, moreover, this means the idea can be the best. Among all ideas, some ideas are selected as the best and can be implemented as a solution. This encourages the employees to keep faith in the organization and build self-confidence as they are important for the organization. To ensure proper human mind development, idea generation has half of the contribution (Yourarticlelibrary, n.d.).

 Conclusion

The first step towards improvement is idea generation. It defines human creativity with communication and shaping by visualization. The idea management sector works significantly and continuously to solve any type of business process. Business is in a position where anything can happen. It is impossible for one person to discover the right solutions. Idea generation provides scopes for all to suggest as a group, as an individual, and as a leader. However, conflict is a major challenge to the procedure, the possibility of the ineffective and inappropriate process is remaining. Above all most organizations practice it as the most successful approach.

 

Full Documents Click Download Button

Free – Download Checkout Added to cart

  • Share:
author avatar
hossain420

Previous post

BMS409 Innovation and Enterprise Assignment 1 (GC02004)

Next post

Innovation and Enterprise Assignment with Unilever (GC02006)

You may also like

Innovation and Entrepreneurship Presentation Notes
Innovation and Entrepreneurship Presentation Notes (GC01997)
30 December, 2021
Creativity and Business Wealth Assignment
Creativity and Business Wealth Assignment (GC01988)
29 December, 2021
Innovation and Enterprise Assignment with Unilever
Innovation and Enterprise Assignment with Unilever (GC02006)
27 November, 2021

    Treading Quarry

    Impact of Information Technology on Employee Performance in Retail Sector (GC02036)
    Impact of Information Technology on Employee Performance in Retail Sector (GC02036)
    11Jan2022
    Unit 16: Managing Communications, Knowledge and Information (GC015)
    Unit 16: Managing Communications, Knowledge and Information (GC015)
    04Feb2020
    Strategic Macro-Environmental Factor Analysis (GC012)
    Strategic Macro-Environmental Factor Analysis (GC012)
    04Feb2020
    Three Types of Economies and Economic Problem of Scarcity (GC011)
    Three Types of Economies and Economic Problem of Scarcity (GC011)
    04Feb2020
    Unit 16: Managing Communications, Knowledge & Information (GC010)
    Unit 16: Managing Communications, Knowledge & Information (GC010)
    04Feb2020
    Managing Communications, Knowledge & Information (GC009)
    Managing Communications, Knowledge & Information (GC009)
    04Feb2020
    The Macro Environment And Business (GC005)
    The Macro Environment And Business (GC005)
    04Feb2020
    Significance of Micro-Environment And the Context of Economics (GC004)
    Significance of Micro-Environment And the Context of Economics (GC004)
    04Feb2020
    Briefly Describe the Term Macro Economics (GC003)
    Briefly Describe the Term Macro Economics (GC003)
    04Feb2020
    HND in Nursing: Group Clinical Supervision (GC002)
    HND in Nursing: Group Clinical Supervision (GC002)
    04Feb2020

    Login with your site account

    Lost your password?

    Not a member yet? Register now

    Sign up for Newsletter

    Become an Instructor

    Join our community of students around the world and sell your courses.

    Learn More

    Our Main Categories

    • Business
    • DBA Research Proposal
    • Research Proposal
    • Research
    • Blog

    Get To Know Us

    • Home
    • Privacy
    • Terms
    • About Us
    • Contact Us

    Contact Us

    • info.globalcoursework@gmail.com
    • +44(0)7805072437
    • 56B Bigland Street, London, E1 2ND UK.
    Facebook-f Twitter Linkedin-in Youtube

    Global Coursework all Copyright Reserved @2020

    • Home
    • Privacy
    • Terms
    • About Us
    • Contact Us
    [miniorange_social_login shape="longbuttonwithtext" theme="default" space="4" width="240" height="40"]

    Login with your site account

    Lost your password?

    Not a member yet? Register now

    Register a new account

    Are you a member? Login now