'How to Become a Successful Entrepreneur\r'

'Table of Contents accession Gener all(prenominal)(prenominal)y people think that an enterpriser is a visionary, whateverbody with great bringing close to crushhers who is importunate to take huge risks. However having a radical innovation from the naught is fire precisely very r ar. To be successful, it is infixed to think differently from the casual thinkers. The posture of this paper is to show how we, a consider convention of five students could come up with an caprice in an entrepreneurial federal agency and go through an elaboration serve up toward the realization using the theoretical frameworks.In the scratch line part I will pull in how my group went through the idea generating ferment and put the idea of the CPH Bike SOS with the help of the forge Thinking Method. Our multilateral helper invention has three pillars, each(prenominal) of them with the conduct to answer the question: Where send word we loaf help if we contribute any line with our c ycles/second when the shops atomic number 18 closed? sustainment in Copenhagen, we consent workd that in that respect is a securities industry gap on the service market of the cycles/second shops. On the opposite mountain, looking at the market segment, we are sure, that on that point is an unsatisfied need.The minute part of the paper will localise on the theoretical framework of the dea. I will define the type of our innovation, by and by which I will decide near the type of the firm we should start to realize the idea, and then the focus will neighborly movement to the needed resources and collaborations we need to get the idea off to the market. At the end of my work, I will take a peek on what kind of the type of possibilities we create to be successful in the prox and how to develop the idea further. Generating ideas In this chapter I would like to describe our move of generating the idea.It is a rightfully important part of the designate we were work o n, since it explains how our group ent through a progress from the casual reasoning to the impelling reasoning and so thinking on a much entrepreneurial way. In my team we are five girls, each of us are foreigners here in Denmark, and we have quite different bandaginggrounds. We had nigh difficulties to welcome a creative idea to work on. On unmatched croak the trouble was the fact that we did not feel each other(a) before, so there was an initial phase of trust- building. We had to knownize with the short letter to debate on each others ideas.On the other hand, we realised that when we had an idea which was a forthwith consequence to ome problems and so Just the last(a) footstep of an entire process. So we started the process again and again to get back to thinking â€Å"out of the box”. As point of departure we apply the manner implemented by IDEO. ( realise 1) : take in : Design Thinking Model of IDEO (Source of Image) Inspiration †What is the prob lem? In the inspiration phase, we wanted to identify as many ideas as we could, to have a wider range. As mentioned, we did not contend each other, and we did not know what could be the viridity interests, experience or problems.We used the â€Å"Bird In The Hand” rationale to look into the facts what we have right there. As Sarasvathy sums it up, instead of having one origin and purpose the way to reach it, we should take a step back and define the sum which give the gate lead us to a good opportunity. So the first step was defining the framework in which we are reckoning for possibilities with the following three questions: â€Å"Who are we? ” We started to look through the features which describe us and so a dour which we can find some problems we all have in common.As long as we are all foreigners, our giganticgest issues are around living without the familiar things that we were surrounded by every mean solar day and getting used to a in the raw way of living. We live here without our families, we had to make housing for ourselves, we are getting habituated to biking every day. On the other hand we are students, spending time on studying, we all have a particular(a) budget, then we are all girls who passionateness fashion, we cook for ourselves, do groceries, we listen to practice of medicine and go out, etc. Without knowing each other we succeeded to find numerous common topics as a good initial. What do we We study together but our front education is different. One part of the group studied international business so that part of the group has a much business riented point of view, while the other part of the group has a more design oriented education. Most of us have lived in different countries other than our crime syndicate country, so we have incursion to different systems. We also have working experience that helped us in having an cleverness of the companies. â€Å"Whom do we know? ” With this question, a s Sarasvathy suggests, we have to define the sources of our knowledge, such as our social and professional networks.When an issue was considered, we specify the sex act groups we can have any culture from. It is important to take any stakeholder into consideration, as long as good ideas can come rom the to the highest degree unlooked-for sources. With all these given means we defined some of the problems, interests and difficulties that we are currently cladding in common. In the framework ofs influence of Entrepreneurial Thinking †efficacious Reasoning, we defined different issues on the basis of the given means described above, for which there is no satisfying ascendant on the market.On recruit 2 1 would like to come through some examples to our process of using the order of the â€Å"Bird in the Hand” Principle. Figure : Entrepreneurial thinking †Pool of ideas (Source: Sarasvathy, 2001) At this oint of the idea generation we had to choose one among t he several given. To choose one, we started brainstorming whether we have any idea for a solution or not. So this is the second big step of the idea creation in the Design Thinking Model. Ideation †â€Å"How might we work out the problem? As long as we did not want to limit ourselves, we started to search for solution for many problems we have found. From the most unusual till the most frequent idea, we collected everything, because even bad ideas can be the source of some really good solutions. On Figure 3 1 snow some imagined ends ot the problems. Figure : Using Entrepreneurial Thinking †Effectual Reasoning for creating the idea (source of image: Sarasvathy, 2001) in the end we sticked to the idea of finding a solution to an everyday problem: Where can we get help if we have any problem with our bike, when the bike shops are closed?We found this problem interesting as long as we all have bikes, and some of us have already experience how it is when you need some help and nothing is open. Moreover, biking concerns not only us but the major(ip) part of the habitants of Copenhagen. According to the wheel around Account 2012, 75 % of Copenhageners use their bike throughout the year. Another surprising statistics is that 36 % of everyone who studies or works here uses the bike every day. So with a solution to the question above, we can say, that we would reach the major part of the Danish capital.Biking has statistically mensurable benefits both for us and for the environment. For instance, as the enquiry shows, at present rate 90,000 T of C02 per year saved by make pass in Copenhagen. Then, according to the 56% of the Copenhageners, it is meteoric than any other way of traveling since we do not stuck in a traffic Jam and we can intimately find short-cuts. It is definitely healthier too. moreover it can cause some perturb as well as delays respecting to our schedule, in case of problems. For example what if you get a puncture going back home by night?\r\n'