Business Idea and Innovation
Module 2. Business Idea and Innovation
The main contents of the module are:
- What is a business idea and what is innovation?
- Have a look to what experts say about innovation.
- What is the difference between an idea and when an idea becomes innovative?
- To develop a business idea means following some steps.
Overview: Starting an own business starts firstly with an idea. It is important to guide the young entrepreneurs through this process. Making the difference between an idea and an innovative idea can determine the success of the business.
Duration: This module is designed to be completed in approximately 60 minutes.
Learning outcomes: By the end of this module, young entrepreneurs …. What are the learning outcomes of this lesson?
Know what is innovation.
Know what makes an idea innovative.
Are familiar with the necessary steps to develop a business idea.
Know that there are several methods for measurement of ideas to innovation
Know what target analysis is and why target analysis is needed.
This module looks very theoretically and it is indeed but it is necessary to know about these concepts so we advise to pay the necessary attention to the practical aspects for the young entrepreneurs.
Start with launching a lot of ideas and then take the criteria to see if it is innovative, what is the target audience and so on. Teachers can use the power points slides as guidelines for developing own business idea’s by the young entrepreneurs.
It is possible to start from successful corporations and try to analyze what kind of (innovative) idea’s are the baselines behind the success. E.g. what makes Apple so successful? What makes Coca-Cola successful?
- Lectures 12
- Quizzes 1
- Skill level All levels
- Language English
- Students 5
- Certificate Yes
- Assessments Yes