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5 Steps in the Creative Process Model

Preparation
During the preparation step of the creative process model, an individual becomes curious after encountering a problem.

Incubation
While the individual begins to process her ideas, she begins to synthesize them using her imagination and begins to construct a creation.

Illumination
As ideas begin to mature, the individual has an epiphany regarding how to piece her thoughts together in a manner that makes sense.

Evaluation
After a solution reveals itself in an epiphany, the individual then evaluates whether the insight is worth the pursuit. He may make changes to his solution so it is clearer.

Implementation
The implementation of an idea or solution in the creative process model is when an individual begins the process of transforming her thoughts into a final product

Invention and Innovation
There is a subtle difference between these two words, but it is an important one for Business Studies students. * Invention if the formulation of new ideas for products or processes * Innovation is all about the practical application of new inventions into marketable products or services Invention example:

1. The Telephone
2. The History of Computers
3. Television

Innovation example:
1. 1
Apple
For walking the talk

2. 2
Facebook
For 800 million reasons to share

3. 3
Google
For expanding its hit lineup

4. 4
Amazon
For playing the long game

5. 5
Square
For making magic out of the mercantile

6. 6
Twitter
For amplifying the global dialogue

7. 7
Occupy Movement
For embodying all the traits that make a Fast Company

8. 8
Tencent
For fueling China’s Internet boom--and boldly moving West

9. 9
Life Technologies
For speeding up genetic sequencing

10. 10
SolarCity
For brightening up the sun-power business

11. 11
HBO
For being the only TV network to delight with digital

12. 12
Southern New Hampshire University
For relentlessly reinventing higher ed, online and off

13. 13
Tesla Motors
For boosting the art and technology of electric vehicles

14. 14
Patagonia
For selling more by encouraging customers to buy less

15. 15
NFL
For stoking insatiable, year-round demand for professional football

16. 16
National Marrow Donor Program
For matching technology with critical transplant needs

17. 17
Greenbox
For inventing the next-generation Chinese fashion brand

18. 18
Jawbone
For rocking the mobile lifestyle

19. 19
Airbnb
For turning spare rooms into the world’s hottest hotel chain

20. 20
72andSunny
For winning at the intersection of Hollywood and Madison Avenue

21. 21
Siemens AG
For its R&D ambitions in energy, transportation, and health care

22. 22
Dropbox
For transforming file storage into a very big business

23. 23
Kiva Systems
For turning squat robots into e-commerce giants

24. 24
Starbucks
For infusing a steady stream of new ideas to revive its business

25. 25
Genentech
For making targeted, genetics-based cancer therapies

26. 26
LegalZoom
For bringing tech and accessibility to the hidebound legal industry

27. 27
Tapjoy
For driving advertiser engagement in a million-app world

28. 28
Polyvore
For turning everyone into a fashion editor

29. 29
Red Bull Media House
For showing what it really means to transform yourself into a media brand

30. 30
LinkedIn
For making itself useful even when you're not job searching

Factors of Entrepreneurship development:
Personal factors 
·        Ability to cope with the situation
·        Age
·        Education
·        Personality
·        Intrapersonal communication ability
·        Achievement motivation
·        Self-confidence
·        Competence
·        Emotion
·        Understanding capacity
Environmental factors 
         A.            Socio-cultural factors  ·        Religion...
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