Final Synthesis Paper on Entrepreneurship (500 words)

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McSwain_SB4.docx

MADM 751: Entrepreneurship, Innovation & Creativity

Louisiana State University Shreveport – Dr. Michael D. Meeks

Socratic Skill Builder #4: Creativity: Cognition, Intelligence, and Design School [100 points]

Due Date: Sunday August 11th by 11pm

Student Name: Tia McSwain

Question #1:

Creativity refers to the use of ideas to come up with something new. Creativity is associated with all inventions. At some point in life, people have been called creative because of what they have used their ideas to develop something. Problems often face people in daily lives. It requires one to be creative to come up with a solution be it short or long term. Creativity works following based on the ideas to provide solutions to life problems. Creative individuals tend to spot a certain problem and devise a new solution to it based upon his creative ideas. This involves thinking and producing a reliable solution.  Are some people creative more than others? Absolutely yes, the level of creativity among people is different because people think differently about an idea. Individuals are born creative. Some people are more creative than others. This can be evident with students whenever performing artwork. Some students will bring out noble designs compared to others despite the assignment being the same. As earlier said, individuals are born creative. It may be difficult to teach creativity because in most cases whenever people grow, they are taught to become real in their lives thus limiting the level of creativity. A creative person is more productive in his careers because numerous ideas can be easily turned into beneficial realities.

Question #2:

Creativity can be applied in various aspects including coming up with new business ideas. Entrepreneurs should always be creative to come up with suitable ideas that will attract customers to enhance success. In any new business venture, creativity plays a crucial role in deciding on various things such as the brand for the product, the kind of business to venture in among others. The level of success of a business largely depends on the creativity of an entrepreneur. Perhaps more creative entrepreneurs are more successful as compared to uncreative ones (Edwards-Schachter, et al. 2015). This is because their thoughts or ideas are turned into beneficial products and services that are preferred consumers. Creativity in business enhances the innovations of new products. For instance, more creative entrepreneurs are likely to modify the already available products or ideas into more other products using similar materials. This, therefore, means if the business is a new venture is likely to gain much profit margins as compared to those that do not depend on innovations. Entrepreneurs always need to be creative on the market to provide unique products on the market as compared to their competitors to attract many potential customers. For example, entrepreneurs should always be creative to provide a noble design of the brand that is unique on the market. Some use a differentiating strategy which is associated with the brand of the product to effectively compete with other businesses on the market. Thus, entrepreneurs who are looking after starting new ventures need to be more creative to ensure their businesses are successful.

Question #3:

The future of stuff challenge is legitimately related with what we've been covering in class. It assists individuals to make, improve, or concoct something they accept would be an answer for an issue we still can't seem to take note. It makes them think further into it and really endeavor to comprehend people around them or those that may profit by it. It gives some involvement and introduction to the procedure of a startup particularly the pitch. What's more, enables them to expand on it in the event that they perhaps need to make it a stride further a really make the test a genuine endeavor. I agree with FSC approach since it helps individuals who are thinking and pondering what it would resemble or what it would truly take to be a business person. FSC approach makes individuals to experience the procedure and manners of thinking to get ready so they can comprehend and see with their own eyes. It’s another method for empowering innovativeness and more profound reasoning. Rather than simply attempting to concoct something that is imaginative consider it in an issue arrangement group. I can apply FSC approach in my profession to help encourage more individuals' personalities to be increasingly imaginative and to get a greater amount of the individuals who are potential business visionaries out there or give them the required practice/presentation.

Question #4:

Stanford's Design School's way to deal with imagination appears to be path not quite the same as some other that I've seen. They need to energize the understudy's inventive stream. The site itself is organized distinctively to look to some degree intuitive not simply that standard and plain web composition. The activities that they have the students take an interest in give hands-on experience they have to grasp the various attributes most business visionaries would require. They open the difficulties up to everybody, not simply Stand ford understudies to get various sorts of perspectives and thoughts. That is giving the educators a thought of path into the considerations of their understudies and giving them a chance to realize where and what they could change to make school progressively profitable for them. I have an inclination that I could most likely utilize a portion of their difficulties to start a change at work. In any case, it would assist me with stepping back and watch my associates to perceive what they do, watch their practices and attempt to comprehend why they get things done in that manner. Yet, at that point it would enable me to conceivable present some change that I see is required regardless of whether it is anything but an issue.

Question #5:

The Bootcamp Bootleg is a whole arrangement of procedures. It strolls you through every one of the modes behind plan procedure and afterward gives you foundation and guidelines on the most proficient method to use the strategies that you can use alongside them. You don't need to utilize every one of them simultaneously, however just when regarded essential. The techniques given cause you to need to ask yourself "why" to an ever-increasing extent. In the event that powers individuals to feel free to get their models out for testing to check whether it has the stuff to make or to make sense of what the crimps are or what individuals don't care for about it and fix it. Causes them to feel free to get it out to them so on the off chance that it bombs they can feel free to fall flat and patch up. It appears it a path for individuals to put the modes and techniques that they need into their very own daily practice for progress paying little respect to which ones they use because not the majority of similar one’s advantage everyone similarly. I think they have made something one of a kind to the individuals who are attempting to begin another endeavor. It aides and aides them into extending their intuition further to help guarantee, at any rate attempt to, their endeavor is more advanced/imaginative.

Question #6:

Creativity is essential in any workplace for the organization because it improves the ability to be innovative and thus more productive. Creativity helps employees generate beneficial ideas to provide solutions to alarming solutions that might arise in organizations. The concepts of creativity studied can be more beneficial to both my career and job. Currently, I am working as a financial manager for Ricans Inc. company. In this position and general work performance, creativity ensures efficiency in executing financial related duties. On a daily basis, we always engage in financial decisions for organizational projects (Edwards-Schachter, et al. 2015). Creativity, in this case, can be applied to coming with new suitable and more beneficial projects for the interest of the organizations. Sometimes we are faced with financial challenges in our organization and hence the need to come up with strategies on how to curb the solutions. Creativity, in this case, enables us to come up with new ideas on how the little available resources can be used in running the projects. Being creative is something that saves any profession. Workplaces are always faced with challenges that require creativity in decision making to achieve a lasting solution. Organizations, for example, Rican Inc. depends largely on creativity to improve on the level of production and satisfy the needs of its consumers. I am not only a financier as such because I am also involved in such activities as research to help the organization develop new business models that enable it to maintain its market competitive position. Therefore, creativity is widely applied in any job for improved performance.  

Question #7:

This week my group performed at the best of their ability this week. We had no issues this week other than doing our part on the PowerPoint deck. Holly and Kim added great details on their slides and even explained on why they responded the way they did to their questions. Mike also contribute as well to the slides he selected, and he also did a wonderful job as a hosting the zoom meeting Thursday. I always like how he makes sure everyone is satisfied with the information that is put on the deck before we get off the meeting. Therefore, after our meeting, the only thing that is left to do is a few touch ups and it’s ready for submission. Andrew, our editor in the group, made sure everything looked right on the deck and completed his slide in an informative and timely way. Caryn, our video editor, had beautiful slides and was very direct with the information she provided. I also made sure I gave 100% effort on my part in the group by adding input on the slides that I decided to do and made sure the zoom meeting was on time and the assignment submitted on time as well.

© 2019 Dr. Michael D. Meeks