Design Thinking + Business Model Innovation

Design Thinking + Business Model Innovation

Learn how to apply design thinking to business model design using a process outlined by design firm IDEO. The process includes discovery, interpretation, ideation, experimentation and evolution. The key is to start with gathering data, particularly from customers, competitors and industry logic, and then to make sense of this data to identify opportunities for innovative business model designs. Use brainstorming techniques and templates like the business model canvas to develop and evaluate ideas, experiment with a single idea, and reflect on the outcomes to fine-tune or re-design the business model. Keep reflecting and iterating until you are confident enough to scale or spread your business model.

View

More Innovation Resources:

What do the crowds know about innovation?

Experts from Dell, IBM, and Cisco discuss their different approaches to crowdsourcing and the challenges and benefits that come with it.

View

3 reasons you are not ahead of competitors.

Time, strategic alignment, and lack of skills are the three main barriers to innovation success, with only 6% of executives satisfied with their company’s innovation performance.

View
Ideation in groups and production blocking

Ideation in groups and production blocking

Group brainstorming may not always result in the most quality ideas. The article offers advice on how to overcome production blocking and evaluation apprehension, including the use of nominal group technique and innovation management tools like Idea Drop.

View