Tuesday, 14 April 2015

Chapter 5 - BDI Test Review

Where do entrepreneurs look for ideas?
They innovate or offer something no one else has thought of or that has never been made to work. They look at government agencies, community and professional associations, hobby groups, and trade shows. They also find new ideas in newspapers,magazines for articles.
Where do experienced business people get information?
Experienced business people get information from government agencies, community organizations and business associations.
What is the difference between invention and innovation?
Invention is when you create something new. Innovation is a change to something that already exists.
How do people protect their ideas?
 1. Patents - the right to make, use, and sell an invention for a set period of time.
2. Copyrights - protects  literary works, musical works, artistic works, and software
3. Trademarks - words,symbols, or designs used to identify a product or services and distinguish it from its competitors
4. Industrial Design Act -to protect anything made by hand, tool, or machine that has distinctive features
5 Integrated Circuit Topography Act - to give the creator if IC products exclusive rights for a period of 10 years
Define the following:
Lateral Thinking - means generating ideas by being flexible and creative
Trademark -words,symbols, or designs used to identify a product or services and distinguish it from its competitors
Intellectual property - a work or invention that is the result of creativity, such as a manuscript or a design, to which one has rights and for which one may apply for a patent, copyright, trademark, etc.Left Brain - functions in a sequential, analytical, and linear manner - responsible for language and language related activities.The six thinking hats :1. White hat - concerned with gathering facts, figures and objective information and it does not allow opinions to interfere.2. The red hat recognizes that emotions or intuition influences thinking3. Green hat - indicates a form of lateral thinking that includes creativity, alternatives, and proposals- encourages provocations and change.4.Black Hat- Represents the use of judgement and caution- must present the case against the idea by providing objective negative feedback5.Yellow hat- also logical but in a constructive way- looks for positive outcomes and reason why the idea will work6. Blue hat -used to lead and pull the other hats together to solve a problemsWhat are more ways to generate ideas?

  • Word Clustering- the free association of ideas and words.
  • Ming Mapping- uses pictures and key words- to help the flow of ideas and make them easier to remember 
  • Brainstorming- completing a word cluster or mind map with other people - can generate a large number of new and unusual ideas.
  • Visualization- closing eyes and visualizing different scenarios- allows for good information 

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