πŸ“˜ Glossary – Unit 3: Project Idea Generation

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In this animated clip art a stick figure reads a giant book.

This glossary contains key terms and concepts introduced in Unit 3: Project Idea Generation. It is designed to help you:

  • Understand essential vocabulary related to the process of creating and evaluating business ideas.

  • Reinforce your comprehension of methods like brainstorming, design thinking, and SCAMPER.

  • Clarify technical terms used in phases such as feasibility analysis, prototyping, and validation.

  • Prepare for quizzes, assignments, and real-world application of entrepreneurial tools.

πŸ“Œ Tip: You can return to this glossary at any time during the course to review important terms and expand your entrepreneurial vocabulary.

Browse the glossary using this index

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Idea Generation

The process of creating new and innovative ideas for potential business ventures. It is the first step in entrepreneurial project development.

Ideation

The creative process of generating, developing, and communicating new ideas.

Innovation

The process of developing new or significantly improved products, services, or processes that provide value to customers.