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A Group of College Graduates Decide to Start a Business

question 36

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A group of college graduates decide to start a business. Though they are knowledgeable in various business domains, they are unable to arrive at a valuable business idea. They decide to search for ideas in a structured manner. They meet together and start discussing everyone's ideas. Each idea is recorded and then the thoughts that come up in relation to the ideas are written down and discussed. This process helps them to finalize a business plan. What technique is used here?


Definitions:

Creative Problem Solver

An individual proficient in thinking outside the box to find innovative or non-traditional solutions to complex problems.

Bulletin Board

A physical or digital board where information, notices, or advertisements are posted for public viewing.

Tactical Partner

A business ally or collaborator involved in strategic planning to achieve specific, short-term objectives.

Customer-Relationship Model

A business strategy that focuses on maintaining engaging, loyal relationships with customers to foster brand loyalty and repeat business.

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