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4 cards from this section. Quick, good the night before a test.
What is innovative thinking?
Think about what distinguishes a business from its competitors.
Name one benefit of innovative thinking for entrepreneurs.
Consider how businesses stand out.
What is the main purpose of innovative thinking in entrepreneurship?
Consider the benefits of creativity to a business.
True or False: Innovative thinking is only beneficial during the startup phase of a business.
Think about established companies and their need for innovation.
Imagine you are an entrepreneur in a saturated market. Create a three-step strategy to cultivate innovative thinking in your startup under current competitive pressures.
Consider processes that encourage experimentation.
Choose a well-known company and analyze how its innovative thinking led to a market breakthrough. Discuss specific strategies they employed that other companies could learn from.
Reflect on how the company redefined its industry standards.
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