What is

Business
Ideation?
Entrepreneurial Mind
BSIT 2-2 Group 3 Report
 It is using creativity and questions like
“What if?” to imagine ways something
Ideation is the creative process of
What is
can be done differently.
generating new ideas, which can
The ideation stage isthrough
be accomplished critical toaensure
variety
that you are generating good ideas from
of ideation techniques, such as

Business the start.

brainstorming and prototyping. If
done right,
It involves ideation
seeing is what
problems and helps
founders andbrainstorming
executives determine

Ideation?
opportunities, around the
the right you
problems problem toand
identify, solve
doingand how
research
to solve toit.test your assumptions about
the market, your customers, and your
idea
How do these Local Homegrown What is a start
ideas work? Ideas up?
How do these Ideas Work?
Ideation sometimes ends up
Solving Ideation is often specifically
aimed at problem-solving
Development of a creating a totally new line of
thought or set of ideas, such as
“Revolutionary
Problems Idea” the development of a new
philosophy

refers to situations where

Derivative refers to building on an Serendipitous someone just happens to come
up with a new idea even though
Ideation existing idea Ideation they weren’t consciously trying to
do so

something new, such as an

Combination Ideation often includes
invention, or the practice of
Innovation developing and introducing
combining multiple ideas to
new things
Ideation create something new
Local Homegrown Ideas
Whenever we hear the words
homegrown brands or local brands,
Filipinos immediately think of native
products and souvenirs that we can buy
in the nearby market. But more than the
usual pasalubong (souvenir) you can
think of, entrepreneurs nowadays are
redefining these terms with high-quality
local products that can give international
brands a run for their money
What is a Startup?
The term startup refers to a company in the
first stages of operations. Startups are founded
by one or more entrepreneurs who want to
develop a product or service for which they
believe there is demand.

These companies typically don't have a fully

developed business model and, more crucially,
lack adequate capital to move onto the next
phase of business. Most of these companies
are initially funded by their founders.
What is a Startup?
PROS CONS
More Opportunities to Learn Risk of Failure

Increased Responsibility Having to Raise Capital

Flexibility High Stress

Workplace Benefits VS Competitive Business Environment

Innovation is Encouraged

Flexible Hours
What is a Startup?
Summary
• A startup is a company that's in the initial stages of business.
• Founders normally finance their startups and may attempt to attract outside
investment before they get off the ground.
• Funding sources include family and friends, venture capitalists, crowdfunding, and
loans.
• Startups must also consider where they'll do business and their legal structure.
• Startups come with high risk as failure is very possible but they can also be very
unique places to work with great benefits, a focus on innovation, and great
opportunities to learn.
How do these Local Homegrown What is a start
ideas work? Ideas up?