Reasons for different opportunity recognition between experienced/inexperienced entrepreneurs
Experienced entrepreneurs have:
Pattern recognition ability
Market knowledge
Network access
Risk assessment skills
Resource awareness
Five arguments supporting/contrasting "Opportunities cannot be identified by everyone"
Supporting:
Required domain expertise
Access to information
Pattern recognition skills
Network connections
Resource availability
Opportunity recognition as group event
Similarities to individual:
Pattern recognition
Information processing
Market analysis
Group advantages:
Diverse perspectives
Combined networks
Shared resources
Collective expertise
Five Design Thinking themes by discipline origin
Marketing:
User empathy
Need identification
Engineering:
Prototyping
Testing
Psychology/Sociology:
Human behavior understanding
Social interaction design
Design thinking for business plans
Pros:
Customer-centric approach
Iterative development
Risk reduction
Cons:
Time-consuming
Resource intensive
May lack structure
Last changed24 days ago