ECON220 Lecture Notes - Divergent Thinking, Problem Solving, Decision-Making
24 Sep 2013
School
Department
Course
Professor
Document Summary
Creativity - idea an individual imagines or the potential solution to a problem. Innovation - when a creative idea becomes tangible. Translating an idea into reality is the process of innovating. Entrepreneurship - bringing innovations to markets for a variety of different reasons including financial award: extrinsic goals like money are not good motivators. Organized to achieve your goals and have to know if you are not. 4 main qualities of an entrepreneur: disruptive, irrational, unreasonable, curiosity - profound insights. Entrepreneurs aspire to greatness in terms of having impact. Empire building entrepreneurs set their sights beyond borders. High general management skills, business know-how and networks (manager) Challenging conventional wisdom: success is the good fortune that comes from aspiration, desperation, perspiration and inspiration - esar regular act encouraged within an organization. We may make mistakes that we live from. Decision making - intuition is powerful when we allow it to work.
