Sources of Ideas (Junior Cert Business Studies): Flashcards
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Practise the cards
14 cards from this deck
What is an opportunity (in business)?
What is an opportunity (in business)?
A consumer need that hasn't been satisfied yet
Innovation definition
Innovation definition
Introducing new ideas or new ways of doing things
Besides new products, what can innovation involve?
Besides new products, what can innovation involve?
Improving existing products or services
What are internal sources of ideas?
What are internal sources of ideas?
Ideas from within the business itself
Brainstorming definition
Brainstorming definition
Group generating business ideas collaboratively
Intrapreneur definition
Intrapreneur definition
Employee with entrepreneurial traits in workplace
R&D full form
R&D full form
Research and Development
SWOT acronym meaning
SWOT acronym meaning
Strengths, Weaknesses, Opportunities, Threats
SWOT internal factors
SWOT internal factors
Strengths and Weaknesses
SWOT external factors
SWOT external factors
Opportunities and Threats
Competitor definition
Competitor definition
Business offering similar product/service to same market
Trade shows definition
Trade shows definition
Industry exhibitions displaying latest products/services
Market research involves
Market research involves
Asking customers about needs, preferences, problems
Irish business support agencies (2 examples)
Irish business support agencies (2 examples)
Enterprise Ireland and Local Enterprise Offices (LEOs)