Answer: At least, Three (3) approaches of business idea generation
1) Submission
2) Collaboration:
3) Evaluation:
4) Implementation:
Step-by-step explanation:
1) The submission phase is arguably the most important step in the process. This is where your employees will submit their ideas and begin the process of innovation.
2) Once an idea is submitted, it must be refined before it can be implemented. Having your employees collaborate to grow and shape an idea to increase its chances of implementation is an important part of the idea generation process.
3) Once an idea has been developed and collaborated on, it must be evaluated by the appropriate people to determine its viability for implementation.
4) At this point, you should have a shortlist of ideas that present real opportunities for your business and solutions to your problems. So, it is time to delve deeper into the concept and plan for its implementation.