We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Nobody downloaded yet

Techniques to Generate Ideas - Essay Example

Comments (0) Cite this document
Summary
Name: Instructor: Task: Date: Techniques to Generate Ideas An entity’s management has countless tasks. Concept development represents one of their numerous obligations. Concept development allows an organization to expand since it creates new ventures for the entity…
Download full paperFile format: .doc, available for editing
Polish This Essay98.6% of users find it useful
Techniques to Generate Ideas
Read TextPreview

Extract of sample
"Techniques to Generate Ideas"

Download file to see previous pages Fundamentally, concept development techniques enable an organization to nurture an idea into a business adventure that an entity can pursue profitably. However, prior to the realization of an idea, it is imperative to appraise it critically (Bluemner). Diverse concept development procedures exist nonetheless, the applicability of the techniques relies on the prevailing circumstances. Consequently, identifying a concept generation methodology for Chocoberry (CB) requires prior knowledge of the entity and its industry. Additionally, prior awareness of the entity’s aspirations is critical. Chocoberry operates in the cuisine industry, which changes rapidly depending on the market trends. Accordingly, research would be an appropriate technique for concept development. Research would enable the management to make a decision based on credible facts that have culminated from studies. Particularly, Chocoberry lacks a diversified product portfolio. Therefore, poor decision-making would terminate in catastrophic results. Research presents a credible procedure to develop concepts (Gorchels 72). Transforming ideas into concept would require research. This would establish the monetary repercussions of the ideas. Additionally, it would ensure the establishment of other facts pertaining to the ideas. The facts would facilitate transformation of the ideas into concepts. The conversion of ideas into concepts follows brainstorming. The management would undertake brainstorming since they bear relevant knowledge on how to expand Chocoberry’s ventures (Bluemner). Research requires expertise hence, individuals vested with the above task ought to bear proficiency in that field. For effective study, Chocoberry would need to outsource the above service. Outsourcing is a viable option since it allows the entity to hire experts that Chocoberry may lack. Additionally, outsourcing would ensure that objectivity in the undertaking of research. Conversely, if Chocoberry’s staff undertakes the research on the concepts it would culminate in skewed findings since the employees would manipulate the study to suit their departments or career objectives. Overall, the research would demand expertise due to technicality and objectivity of the procedure. Though scholars have availed methods to evaluate business opening, it is imperative to concede that the majority of the ideas appraise the financial aspect only. The detail below exemplifies an opposite criterion of evaluating business ideas. Initially, the evaluators should establish the relevance of an idea to Chocoberry’s objectives. Secondly, the evaluator would analyze the financial implication of an idea. Chocoberry aims at boosting its profitability. Subsequently, ideas with negative financial returns are infeasible. Evaluation of the financial implication would adopt methods such as Net present value (NPV). Visibly, managements fail to analyze the operation repercussions of an idea. This aspect would reveal modalities relating to the personnel requirements of implementing the proposed idea. Additionally, it would reveal an idea’s implications on the entity’s efficiency. The three criteria would provide a procedure that analyzes an idea in multifaceted manner. Essentially, this would facilitate grading of the proposals (Allen 32). It is vital to rank ideas since it helps the management to effect well thought out ideas. ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Techniques to Generate Ideas Essay Example | Topics and Well Written Essays - 750 words”, n.d.)
Techniques to Generate Ideas Essay Example | Topics and Well Written Essays - 750 words. Retrieved from https://studentshare.org/management/1435427-you-decide
(Techniques to Generate Ideas Essay Example | Topics and Well Written Essays - 750 Words)
Techniques to Generate Ideas Essay Example | Topics and Well Written Essays - 750 Words. https://studentshare.org/management/1435427-you-decide.
“Techniques to Generate Ideas Essay Example | Topics and Well Written Essays - 750 Words”, n.d. https://studentshare.org/management/1435427-you-decide.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document
CHECK THESE SAMPLES - THEY ALSO FIT YOUR TOPIC
Discuss implications of the use of interactive media and social networking sites that use 'viral' techniques to generate 'advert
rious businesses in the present technology driven world. With the wide advent of internet, its impact upon the daily life of the people has undergone radical changes over the past few years (Atrens, 2001). As a consequence to the comprehensive transformation of traditional modes into the modern technological environment, the interactive media and the social networking sites have become an essential part of the general people’s lives (Nixon, 1997).
8 Pages(2000 words)Essay
Projective Techniques
While carrying out the research work, various tools, techniques and tactics are applied so that findings would be understandable. From the inception of research work till date, diverse research methodologies have been adopted by the researchers to uncover the hidden data.
6 Pages(1500 words)Essay
Management - use TRIZ technique to generate new ideas [sap5]
In isolation, TRIZ conveys predictability, repeatability, and reliability to the problem-solving methods with its algorithmic and structured approach. It has been found for more than 65 years that primary findings of research bring out: 1. Problems and solutions iterated across sciences and industries.
3 Pages(750 words)Essay
Management Accounting Techniques and decisions
The benchmarking plays a crucial role in evaluating the performance of the managers. The benchmarks in the area of performance measurement sets a standard of performance for the managers to be achieved based on which rewards and compensation are provided to them (Verweire and Berghe, 2004, p.57).
6 Pages(1500 words)Essay
New Ideas and Techniques in Intervention with Children With Communication Disorders in Early Language Development
On the other hand speech is defined as talking and is a way in which a language can be expressed. The first three years of life is considered to be the most intensive period of speech and language development for humans. However those children who are not able to develop language during this period are considered to have some communication disorders.
5 Pages(1250 words)Essay
Communication research techniques
Positivism was developed by Auguste Comte, who is widely seen as the first sociologist during the mid 19th century. At the start of the 20th century, a more logical version of Comte's basic thesis called logical positivism, came to light in Vienna and became one of the dominant movements in British and American philosophy.
25 Pages(6250 words)Essay
Exploiting New Ideas
Mostly, small ideas and dreams (where small ideas came) are being ignored at the moment and pass a long array of paper works and signatures as part of their standard operating procedures. This thereby frustrates employees with minds for new ideas and innovations.
22 Pages(5500 words)Essay
Group Decision-making Techniques Recommended to Lieutenant Coleman J. Karras
The situation demands to work in a group where Mr. Karras doesn’t have much idea about the bureau and what works and what doesn’t, therefore the only way for him to have a say is without anyone criticizing to his ideas on the spot because when that happens, it stops the flow of new ideas, bad ideas can be sifted out later on.
1 Pages(250 words)Case Study
Can film as a medium support the development of ideas and techniques of representation on architecture
(e.g. Bernard Tchumi in his Manhattan Transcripts). Film has been seen to anticipate the built forms of architecture and the city through Expressionist and Constructivism utopias that
20 Pages(5000 words)Essay
Generate ideas fr future research
anges in technologies, social awareness and better governmental inclusion have triggered these changes (Mayosi, Lawn, Niekerk, Bradshaw, Karim and Coovadia, 2012). Although there are many scholarly researches already conducted in this relation, I would like to focus on the
1 Pages(250 words)Research Paper
Let us find you another Essay on topic Techniques to Generate Ideas for FREE!
Contact us:
+16312120006
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us