1. Mary-Hrachoohi Boghosian, PhD, MBA Week 1.2 08/30/2018

2. Introduction Dr. Mary H. Boghosian 9/26/2018 2 Invention, innovation, and entrepreneurship- is the process of bringing an idea to a product then to Business from inception to maturation. Globalization and Impact of Technology Economic Change

3. 9/26/2018 Dr. Mary H. Boghosian3 Entrepreneurship Innovation Creativity First step of innovation ideation, new design, new work of art, new way of business, any physical or conceptual output Does not have to address a need Must address a NEED, it is a process of taking creativity to implementation. Must be “do” able, answers what “Value it brings” Acting on innovation, Delivering result Fulfilling the need Generating income Being profitable to Society & economy

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5. 9/26/2018 Dr. Mary H. Boghosian5 Motivation is an inner passion to solve a problem leading to solutions Expertise Flexible & Imaginative Thinking Motivation Creativity Expertise is knowledge- technical, procedural, and intellectual. It can be everything that the person knows or does Flexible & Imaginative Thinking determines people’s approach to problem solving. It can be Influenced by the environment Curtesy of HBR on Creative Thinking

6. 9/26/2018 Dr. Mary H. Boghosian6 Curiosity Independent thinking Balancing imagination and logic Making new connections

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8. 9/26/2018 Dr. Mary H. Boghosian8  Personal Blocks- deal with perceptual limitation and emotional concerns that limit the ability to recognize and deal with new challenges. Exp. ◦ Lack of self confidence, ◦ Excessive Enthusiasm, ◦ Lack of imaginative control, … etc.  Problem Solving Blocks- deal with individual’s processing abilities and skills which hinder effective outcomes. Exp. ◦ Solution Fixedness, ◦ Premature Judgments, …etc.  Situational Blocks- include elements of the immediate environment and the cultural or sociological aspects. It is combined with other blocks. Exp. ◦ Resistance to new ideas, Isolation, …etc.

9. Individual Thinking Group Ideas BrainstormingTrial and Error Experimentation On Papers Or Computers Creativity and Creative Thinking Divergent and Convergent Thinking Seeing New Possibilities, relations and Connections curiosity, Experimentation, and Imagination New Idea Dr. Mary H. Boghosian 9/26/2018 9

10. Dr. Mary H. Boghosian10  Identify types of connections ◦ Obvious connections ◦ Nonobvious connections ◦ Inferred connection  Make unexpected connections ◦ Visual connections, ◦ Verbal connections, ◦ Sensual connections, ◦ Unrelated connections, ◦ Uncommon connections,

11. Thank You 9/26/2018 Dr. Mary H. Boghosian11

12.  Mind mapping, (Exercise) 9/26/2018 Dr. Mary H. Boghosian12