Creative Problem Solving Essay Example | Topics and Well Written Essays - 1500 words

Creative Problem Solving - Essay Example This paper illustrates that the identification of new and existing opportunities is what enables a business establishment and sustainment. To identify these opportunities, it really calls for creativity. According to Frigard, creativity is a kind of imagination that fosters originality. For creativity to be achieved, ingenuity has to be incorporated. Ingenuity is the incorporation of bodily-kinesthetic, logical-mathematical capacity and spatial capacity in the creative process. The ingenuity model for creative problem solving is what is used to incorporate ingenuity in the process of creativity. This technique is identified as the most appropriate problem-solving technique when there is a need to achieve new solutions to business problems. New opportunities identified in entrepreneurship enable a business to increase its productivity. They also enable the business to have a competitive advantage over other businesses in the industry. However, the identification and exploitation of th ese opportunities cannot happen without innovation. Therefore, entrepreneurship is directly related to innovation. Moreover, economic development results in the emergence of new opportunities that require both identification and exploitation. The identification and exploitation are done by entrepreneurship and thus entrepreneurship and economic development are related. Generation and implementation of new ideas and solutions require creative problem-solving. The ingenuity model for problem-solving enables an entrepreneur to achieve solutions and ideas that are different from those of others. This is what makes a particular firm different from the rest of the industry thus making it more competitive. Therefore, we can say that creative problem solving is a key aspect of entrepreneurship.  Ã‚