Question

Harish, after finishing his degree wanted to start his own business. He was confused as to the kind of business he should start. He attended a start-up session. One of the speakers stated that ‘Creativity can be used to spot and harness opportunities, as well as be applied to develop new products and services’. State any three ways in which creative ideas can be generated.

Answer 1

There are basically five ways in which creative ideas can be generated: 

1. Develop a new product or service. 

2. Improve an existing product or service 

3. Find a new process or resource for manufacturing a product. 

4. Find new markets for existing products or services. 

5. Find a new use for an existing product or service.