CREATIVE THINKING IN BUSINESS PART 2

 

 CREATIVE THINKING IN BUSINESS PART 2

Lateral thinking

Lateral thinking is a term for a problem solving approach that uses an indirect and creative approach, applying reasoning that is not immediately obvious and involving ideas that may not flow naturally using traditional thinking and step-by-step logic. It involves looking at the problem or situation from unexpected angles, challenging, thinking “outside the box “. The term was coined in 1967 by Edward de Bono.

Brainstorming

We have discussed brainstorming in detail in our earlier lesson on decision making, so will just summarise it here. For more information go to
Decision Making
Brainstorming or “thought shower” as it is now sometimes called, combines a relaxed approach to problem solving with lateral thinking. It can be carried out in several ways, and is useful for involving everyone in the team, no matter how senior or junior they are. Junior team members, who are not immersed in the detail of management on a daily basis, often come up with the most effective ideas.
Conventional analytical processes limit imagination, so participants are encouraged to contribute whatever comes into their mind without any evaluation or consideration.

Creative thinking in Business part 3

CREATIVE THINKING IN BUSINESS PART 3

White hat- Information, data
Red hat –intuition, emotion
Black hat -Negative, cautious
Yellow hat –benefits and advantages
Green hat –creativity, alternatives
Blue hat -process review
In ordinary, unstructured thinking, people move from critical thinking to optimistic in response to what is happening, without structure. This technique introduces parallel thinking, everyone has the same agenda at a given point.
So a meeting may begin with everyone metaphorically wearing the Blue hat to consider how the meeting will be conducted, and to decide objectives. The group then moves to Red hat mode, to collect opinions and reactions.

Optimimizing Business performance to drive success

 
 Let’s have a look at some of the concepts involved in business excellence;-

Performance measurement

Performance measurement is the regular measurement of outcomes and results, which produces quantifiable data that can be used to assess how an organisation, team or individual is performing against specified targets and objectives.

Benchmarking business performance

This is the process of making comparisons with other people, processes or businesses, in order to learn from others, establish best practice and improve performance. It can be informal, or formal.

Creative thinking in business

Humans automatically relate new things that happen with something within our experience. We are biologically primed to learn from past events .This is usually helpful to us as it lets us draw on our background and experience, and build on what we have previously learned.

We are naturally lazy thinkers and so we tend to think in clichés or established patterns. But this restricts our ability to think creatively and we have to actually force ourselves to think “outside the box“

 

ARBITRAGE BUSINESS OPPORUNITY

Introducing Services Arbitrage: The Perfect New Business For Non-Experts Looking For A Laptop Lifestyle Income Stream

By Yaro Starak

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For seven years, from 2001 to 2007, BetterEdit.com was my main online business (I later sold it for $100,000 USD). It was also the first true Laptop Lifestyle online business I created, providing a full-time income stream I could take with me as I traveled the world.
When I sold BetterEdit in 2007 the contract I signed with the buyer included a ‘non-compete’ clause with a 24-month expiry. This meant I could not start up another online editing business for two years, which was fine by me.
However, the non-compete clause also meant I could not teach a course about how I built the business, revealing how others could leverage what I called the ‘Services Arbitrage‘ business model. This was something I had wanted to do for many years, but yet again it would have to wait for at least two years

3 Online Businesses Ideas

If you read this blog over a decade ago, you know that my first taste of living a Laptop Lifestyle came long before I started blogging – in fact blogs did not even exist back then, at least not the way we know them today.
It’s about 15 years since I first started sitting at cafes with my laptop, making money from the internet. I thought it would be fun – and potentially useful for you too – to review the three different business models I’ve applied to fuel a Laptop Lifestyle.
This is top of my mind right now because I’m focused on the opening of the Laptop Lifestyle Academy. I want people to realize that this lifestyle doesn’t have to come from blogging only.

Here are the four lies too many writers believe:

1. “I’ll write a book some day.”

If not now, when?
Most people say things like, “I want to write a book,” or even, “I’m working on a book.” I’ve said the same things. But how many people actually write one?
What if you never finish your books? What if you die with your books still trapped inside of you? And here’s a terrifying thought: Most people do die with their books unwritten. This happens all the time. Will you be one of them?
You have a chance to write your book. Isn’t it time you do it?
Writing a book is hard, but if you create a plan and stick with it, you will finish.
(Of course, sticking with it is really the hardest part. But that’s where a community comes in. More on that in a moment, though.)