WEEK 5 CASE STUDY

Where does good ideas come from, and how to generate good ideas?

Ferdinand Taslim (TP072735)

There are many ways to find a good idea. One place to find them is by paying attention to what's happening around you. There are many problems that exist which can be solved with creative thinking. Think about your own life and the things that bug you or the things you wish were different, those thoughts can lead to great ideas too.

Talking to different people can also help you get good ideas. Knowledge or idea exchange is an important function of groups in organizations. Much research has demonstrated that idea sharing in groups involves relatively inefficient processes (Paulus & Yang, 2000). Everyone has their own thoughts and experiences, and talking to them can give you new ideas you never thought of before. Listen to what they say, ask questions, and share your own thoughts too. Sometimes, just chatting with friends or family can make you think of something cool.

You can also find good ideas by exploring. Reading books, watching videos, or going to new places can also bloom out some good ideas. You never know what might give you a great idea. And it's important to take breaks and let your mind relax – sometimes the best ideas come when you're not even thinking about them.

Jovan Richaldy Chandra (TP071536)

Generating of idea is thinking skills activity which require high level of creative thinking and actions (Heong et al,. 2012). Good ideas often come out of nowhere randomly. For instance, when I want to make something, but there is no idea about it, I kept thinking and thinking until I found the right idea to put it into the project. Not so long time, I gave up on searching for the idea and when I was having dinner with my family, suddenly a bright idea came to my mind and that’s a suitable idea to put it into my creation. So, to generate a good idea, you should pay attention to what’s happening around you, noticing problems, etc. Also, you should let your creativity run wild and think outside the box to solve a problem. For me, good ideas come from an experience that you’ve had before, and it is a similar thing to a project that you want to make. Experience basically can help you come up with practical ideas that are built on what you already know. Lastly, you can ask people around you, friends, or family and bouncing ideas off each other. To generate more good ideas, you should do an experiment. Don’t be afraid to test out your ideas in small ways to see how they will work in practice, and this could help individuals improve their mind creativity. Also, write down any ideas that come over to you, no matter how small or unimportant it is, you will never know when they might come in solvable situations.

Rafael John (TP072612)

The concept of alertness to business ideas as one of the most prominent influential factors of entrepreneurial capabilities is still underdeveloped (Audia & Rider, 2005). Generating ideas is something everyone can do, and it starts with paying attention to what's happening around us. Whether it's noticing a problem or thinking of a better way to do things, our observations spark the first ideas. Learning from books, conversations, and new experiences helps us think in different ways and come up with even more ideas. Setting aside time to brainstorm and jot down all our thoughts without judging them helps us get creative. Sharing our ideas with others and listening to their thoughts can make our ideas even better. Once we have some ideas, trying them out in small ways helps us see what works and what doesn't. It's okay if not every idea succeeds – learning from mistakes is part of the process. By staying curious, learning from others, and giving our ideas a try, we can keep generating new and better ideas to solve problems and make things better.

Marcello Irawan (TP072752)

Entrepreneurs get their ideas from different places, like their own experiences, things they see, or what they really like. Creativity is one of the determinants in attracting investors to support startups (Wang et al., 2020). Sometimes, it's about fixing a problem they have. For example, a parent might start a company making healthy snacks because they can't find any for their kids. Other times, they see chances to make something new or better based on what's happening in the world. Like, with more people working from home, they might think of ways to help them work better. Being really interested in something also helps. When entrepreneurs really like a topic, they're more likely to see opportunities and think of new ideas. Talking to friends, coworkers, or people they look up to can also give them ideas or help them think about things differently. Basically, getting ideas is about being interested in what's going on and being open to new possibilities, whether it's in everyday life, what's happening in the world, or what they really enjoy.

Stanislaus Raymond Soecoko (TP077043)

For an entrepreneur, an idea is like a seed that has the potential to grow into something big and meaningful. It's a spark of inspiration that sets the foundation for a new venture or innovation. Even promising ideas can be unprofitable if they fail on one dimension, such as technical feasibility, correspondence to market demand, legality, or patentability (Biais & Perotti, 2008). An idea can come from various sources, such as personal experiences, observations, or identifying a need or gap in the market. It's often about solving a problem or fulfilling a demand in a unique or better way. For example, an entrepreneur might have an idea for a new product or service that makes people's lives easier, healthier, or more enjoyable. It could be something as simple as an app to help people organize their tasks or a sustainable alternative to a commonly used product. Alternatively, an idea could involve creating a new business model or approach to address an existing challenge or opportunity. Ultimately, an idea for an entrepreneur is about seeing potential where others might not, taking risks, and being willing to turn that idea into reality through creativity, hard work, and determination. It's the first step on the exciting journey of entrepreneurship.

Daniel Kurniadi Khodyat (TP073665)

Coming up with new ideas is super important for entrepreneurs. It's like the fuel that keeps their businesses moving forward. When entrepreneurs have fresh ideas, it helps them stand out from others in the market. These new ideas can lead to cool new products or services that people love and make the business more successful. The path from an innovative idea to a profitable business is long and difficult. Often, good ideas will never be realized because they do not succeed in bridging the innovation gap that exists between the different R&D departments and the operational units, especially in large companies (Schepers & Vroom, 1999). Also, hving new ideas helps entrepreneurs keep up with what customers want. By always thinking of new things, they can make sure their business stays relevant and exciting. Plus, coming up with ideas is fun and helps entrepreneurs get better at solving problems. New ideas can also make the business itself better, like finding ways to save money or being more environmentally friendly. Overall, having lots of new ideas isn't just about being better than the competition; it's about being creative, adaptable, and always making things better for customers and the business.

References:

            Paulus, P. B., & Yang, H. C. (2000). Idea generation in groups: A basis for creativity in organizations. Organizational behavior and human decision processes, 82(1), 76-87.    

        Heong, Y. M., Yunos, J. M., Othman, W., Hassan, R., Kiong, T. T., & Mohamad, M. M. (2012). The needs analysis of learning higher order thinking skills for generating ideas. Procedia-Social and Behavioral Sciences, 59, 197-203.

       Audia, P. G., & Rider, C. I. (2005). A garage and an idea: what more does an entrepreneur need?. California Management Review, 48(1), 6-28.

        Wang, W., Chen, W., Zhu, K., & Wang, H. (2020). Emphasizing the entrepreneur or the idea? The impact of text content emphasis on investment decisions in crowdfunding. Decision Support Systems, 136, 113341.

        Biais, B., & Perotti, E. (2008). Entrepreneurs and new ideas. The RAND Journal of Economics, 39(4), 1105-1125.

      Schepers, J., Schnell, R., & Vroom, P. (1999). From idea to business—How Siemens bridges the innovation gap. Research-Technology Management, 42(3), 26-31.