The various sources of idea fields are:a)Naturalresourcesb)Servicerela...
Employees and the research & development department of the company are great internal sources. Whereas, external sources are also very helpful. These are customers, suppliers, competitors, distribution channels, government, educational institutions, and focus groups.
The various sources of idea fields are:a)Naturalresourcesb)Servicerela...
Sources of Idea Fields in Commerce
Natural Resources
- Natural resources refer to the materials and substances that occur naturally in the environment.
- These resources can be used to create new products or improve existing ones, leading to new ideas and innovations.
- Examples of natural resources include minerals, timber, water, and air.
Service-related
- Service-related idea fields refer to the various services that people need or desire.
- These services can include anything from healthcare and education to transportation and entertainment.
- Identifying gaps or inefficiencies in existing services can lead to new ideas for improving or creating new services.
Trading-related
- Trading-related idea fields refer to the exchange of goods and services between countries, companies, or individuals.
- The global market creates opportunities for new ideas in areas such as international trade, finance, and logistics.
- Identifying emerging markets or new trading partners can lead to new ideas for products or services.
Alloftheabove
- All of the above sources can contribute to idea fields in commerce.
- By considering the various natural resources, service-related needs, and trading opportunities, entrepreneurs and businesses can identify new ideas and opportunities for growth.
- Combining these sources can lead to innovative ideas that address multiple needs or markets.
In conclusion, natural resources, service-related needs, and trading opportunities are all sources of idea fields in commerce. By identifying and combining these sources, entrepreneurs and businesses can develop new ideas and opportunities for growth.