Business Ideas

Getting Ideas from your own strengths and weaknesses

• Internal Sources

• External Sources

getting ideas from opportunities and threats in the outside market

• Internal Sources

• External Sources

Which of these is not an Internal Source?

• Skills and Hobbies

• Experiences

• Media

• R&D

Which of these is not a external source of business ideas?

• Family & Friends

• Competitiors

• Feedback

• Intrapreneurship `

This method can be applied in the Brainstorming technique..

• Discussions

• SWOT Analysis

• Mind Maps

• All of the above

Irish government agencies provide ideas for new products and markets, e.g. Enterprise Ireland. What externals source is this?

• Media

• State Agencies

• Customer Feedback

• None of the above

How many stages are there in the development process of a new prodcut?

• 5

• 6

• 19

• 7

a business must generate as many business ideas as possible in order to find a few good ones..

• Product Screening

• Concept Development

• Idea Generation

• None of the above

Which of these is not a stage in the development process of a new product?

• Idea Generation

• Concept Development

• Target Market

• Feasibility Study

This is an investigation into the new idea that seeks to establish two things: Is it possible to make the product? Is the idea commercially viable?

• Feasibility Study

• Concept Development

• Prototype development

• Product Launch