Lesson Notes By Weeks and Term - Senior Secondary 3

Idea generation and incubation feasibility studies

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TERM – 1ST TERM

WEEK ELEVEN

Class: Senior Secondary School 3

Age: 17 years

Duration: 40 minutes of 5 periods each

Date:

Subject: STORE KEEPING

Topic: IDEA GENERATION AND INCUBATION FEASIBILITY STUDIES

SPECIFIC OBJECTIVES: At the end of the lesson, pupils should be able to

I.) Discover ideas generation                                

II.) Describe incubation period

III.) Define feasibility study              

IV.) Identify the importance of feasibility study

INSTRUCTIONAL TECHNIQUES: Identification, explanation, questions and answers, demonstration, videos from source

INSTRUCTIONAL MATERIALS: Videos, loud speaker, textbook, pictures,

INSTRUCTIONAL PROCEDURES

PERIOD 1-2

PRESENTATION

TEACHER’S ACTIVITY

STUDENT’S

ACTIVITY

STEP 1

INTRODUCTION

The teacher explains how to generate ideas.

Teacher also describes incubation period to the students

Students in pairs discuss how to generate ideas for business                                                                                      

STEP 2

EXPLANATION

Teacher describe feasibility study and discusses the importance of feasibility study.

Students in small groups write feasibility study                                            Students as a class discuss importance of feasibility study

STEP 3

NOTE TAKING

The teacher writes a summarized

note on the board

The students

copy the note in

their books

 

NOTE

IDEAS GENERATION AND INCUBATION FEASIBILITY STUDIES

Ideas Generation

Ideas generation is the process of generating, brainstorming, and developing creative concepts, solutions, or innovations to address specific challenges, seize opportunities, or meet unmet needs. It involves encouraging creative thinking, exploring diverse perspectives, and fostering a conducive environment for idea generation. Some common techniques for generating ideas include brainstorming sessions, mind mapping, SWOT analysis, SCAMPER technique (Substitute, Combine, Adapt, Modify, Put to another use, Eliminate, Reverse), and design thinking methodologies.

Incubation Period

The incubation period refers to the period of time during which an idea, concept, or project is nurtured, developed, and refined before it is fully realized or implemented. It is a crucial phase in the innovation process where ideas undergo validation, iteration, and testing to assess their feasibility, viability, and potential for success. The duration of the incubation period can vary depending on factors such as the complexity of the idea, market conditions, resource availability, and organizational objectives.

Feasibility Study

A feasibility study is an analysis conducted to assess the practicality, viability, and potential success of a proposed project, idea, or business venture. It involves evaluating various aspects such as technical feasibility, economic feasibility, market feasibility, legal feasibility, and operational feasibility to determine whether the project is feasible and worth pursuing.

Importance of Feasibility Study

A feasibility study is essential for several reasons:

  1. It helps identify potential risks, challenges, and obstacles early in the planning process, allowing stakeholders to mitigate risks and make informed decisions.
  2. A feasibility study provides valuable insights into the resource requirements, costs, and investment needed to execute the project, enabling effective resource allocation and budget planning.
  3. It serves as a basis for decision-making by providing stakeholders with objective, data-driven analysis and recommendations on whether to proceed with the project or explore alternative options.
  4. A well-executed feasibility study enhances investor confidence by demonstrating the project's viability, potential for success, and return on investment, thereby attracting funding and support.
  5. Feasibility studies inform strategic planning and project management by providing a roadmap for project execution, identifying critical success factors, and setting realistic goals and timelines.

EVALUATION: 1. What is incubation period?

  1. Define feasibility study.
  2. Identify 5 importance of feasibility study

CLASSWORK: As in evaluation

CONCLUSION: The teacher commends the students positively