The Innovation and Creativity in Entrepreneurship – PST06209 Entrepreneurship
NTA Level 6 • Semester 2 • PST06209 The Innovation and Creativity in Entrepreneurship Entrepreneurship • Source Session/Topic 11 Full source-text version: all educational wording from the extracted learning source is retained; only presenter/tutor metadata and web-layout noise are removed, while formatting is improved for readability. Session 11: The Innovation and Creativity in Entrepreneurship Total Session Time: 120 minutes Prerequisites • None Learning Tasks By the end of this session students are expected to be able to: • Define innovation and creativity • Explain principles of innovations and creativity • Explain entrepreneurial mindset Resources Needed: • Flip charts, marker pens, and masking tape • Black/white board and chalk/whiteboard markers • LCD Projector and computer SESSION OVERVIEW Activity/ Step Time Content Method 1 05 minutes Presentation Introduction, Learning Tasks 2 10 minutes Presentation Definition of Innovation and Creativity Buzzing 3 35 minutes Presentation Principles of Innovations and Creativity Brainstorming 4 60 minutes Presentation Small Group Entrepreneurial Mindset Discussion 5 05 minutes Presentation Key Points 6 05 minutes Presentation Evaluation __________________________________________________________________________________________ PST 06209 Enterpreneurship NTA Level 6 Semester 2 Facilitator Guide 79 SESSION CONTENTS STEP 1: Presentation of Session Title and Learning Tasks (5 minutes) READ or ASK students to read the learning tasks and clarify ASK students if they have any questions before continuing. STEP 2: Definition of Innovation and Creativity (10 minutes) Activity: Buzzing (5 minutes) ASK students to pair up and buzz on the following question for 2 minutes • What are innovation and creativity? ALLOW few pairs to respond and let other pairs to add on points not mentioned WRITE their response on the flip chart/board CLARIFY and SUMMARIZE by using the content below • Innovation: o The ability to apply creative solutions to problems and opportunities to enhance or enrich people‘s lives o It is the process or act of introducing or inventing something new, or a new process/way of doing something. o Is the creation of better or more effective products, processes, services, technologies, or ideas that are accepted by markets, governments, and society. o Refers to the use of a new idea or method, o The process by which an idea or invention is translated into a product or service for which people will pay, or something that results from this process. • Creativity: o The ability to develop new ideas and to discover new ways of looking at problems and opportunities. o Creativity can help a company: Manage tasks Improve staff performance Create quality products __________________________________________________________________________________________ PST 06209 Enterpreneurship NTA Level 6 Semester 2 Facilitator Guide 80 STEP 3: Principles of innovations and creativity (35 minutes) Activity: Brainstorming (5 minutes) Ask students to brainstorm on the following question: • What are the principles of innovations and creativity? ALLOW few students to respond? WRITE their responses on the flip chart/ board CLARIFY and SUMMARISE by using the content below • Principles of Innovation o Action-oriented o Make the process or service simple o Make the process or service customer-focused o Start small but aim high o Try, test, and revise the process or service o Learn from failures o Reward good performance o Work, work, and work to innovate successfully. o Innovation does not rely on genius or mystery. • There four basic types of innovation: o Invention o Extension o Duplication o Synthesis • Innovation can be incremental or radical o Every improvement that you make in products or services can be seen as an incremental innovation. Most businesses and most managers are good at incremental innovation. They see problems in the current set-up and they fix them o Radical innovations involve finding an entirely new way to do things As such they are often risky and difficult to implement Most larger organizations and most managers are poor at radical innovation. • Principles Creativity o Creative thinking is acquired through: Asking questions, such as: ‗Is there a better way to…?‘ Constructively challenging the routine, status quo, or traditional way of doing things __________________________________________________________________________________________ PST 06209 Enterpreneurship NTA Level 6 Semester 2 Facilitator Guide 81 Thinking of alternatives to any right answer Seeing mistakes and failures as stumbling blocks on the way to success Organizational leadership should have a culture that encourages people to develop new thinking and new ways of doing things. o This includes: Encouraging curiosity Viewing problems as challenges. Expect and tolerate them, and do not view them as threats. Training people on creativity Providing support Developing a procedure for capturing ideas Rewarding creative staff STEP4: Entrepreneurial Mindset (60 minutes) Activity: Small Group Discussion Instructions Work in small groups. Your group should discuss the following question: • How does Entrepreneurial Mindset apply to the health sector? You will be allowed ten minutes to discuss this question within your group. You may be asked to share your responses with the class, so be prepared to discuss. • The entrepreneurial mindset entails extraordinary thinking, and recognizing opportunities that move beyond or reconsider routine/traditional ways of doing things. • Pillars of the Entrepreneurial Mindset • There are three pillars needed to create an entrepreneurial mindset: o Means Capital/access to resources, which can be external funding, self-funding, the ability to harness labour and so on. It generally takes something to make something else. (Often, this is money; but not always.) o Ability Having the physical and mental capacity to understand the vision in ways required to succeed in the planned goals o Desire Means the aspiration to invest in new ideas to make something of value happen to an individual or a community • Moving from Ideas to Reality o Sources of ideas Experience of people in your workplace, work force, or others in the profession __________________________________________________________________________________________ PST 06209 Enterpreneurship NTA Level 6 Semester 2 Facilitator Guide 82 They know how the system operates and already have contacts and a good network • A colleague doing some entrepreneurial work •