1. FIVE reasons why creative thinking and innovation is important to entrepreneurs.

Understanding Business
12th Edition
ISBN:9781259929434
Author:William Nickels
Publisher:William Nickels
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
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1. FIVE reasons why creative thinking and innovation is important to
entrepreneurs.

2. Explain factors that you have to include in your environmental
scanning when choosing a business location.

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1) Creative thinking means the ability to gain new insights and new ideas with given information. Innovation is defined as the practical implementation of new ideas that lead to the development of new products or services. Creative thinking and innovation are very similar. Creative thinking and innovation are very important for entrepreneurs. Entrepreneurs are required to create and invent something new and innovative. 

 

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