Tag Archive | Idea generation

Transform Your Business Through Design Thinking

The postindustrial digital age and the emergence of the experience economy have fundamentally changed the requirements and the expectations how companies develop and deliver new services. Well-known brands like Airbnb, Mayo Clinic, Bank of America and HBO have all understood this shift and successfully utilized holistic design thinking approach to transform their business. They have created profitable business through sophisticated, emotionally satisfying and meaningful experiences to their customers.

Design Thinking

What is Design Thinking?

Design Thinking can be described as human-centered (designing “with” the users instead of “for” the users), exploratory and integrative innovation process that emphasizes observation, collaboration in interdisciplinary teams, fast learning, visualization of ideas, rapid prototyping, and concurrent business analysis. Design Thinking essentially is a way of thinking, applying designers’ sensibility and methods, leading to transformation, innovation of new products, services, business strategies and even new organizations.

The best part is that you don’t need to be a professional designer to master in Design Thinking. Nevertheless, the following key abilities are important for a Design Thinker:

  • visual and divergent thinking
  • empathy and cultural sensitivity
  • integrative and holistic thinking
  • the ability to think in analogies and metaphors

Models and Tools for Design Thinking

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Book review: New Service Development and Innovation in the New Economy

  

“New service development: the process from idea to launch of a new service”

 “New service development is a modification of current services and or adaptation of the service that is already offered in another geographical market.” (Edvardsson, Gustafsson, Johnson, Sanden 2000).

 

 

 

 

 

 

Why is new service development so important?

Today´s business life is all about competition and Innovative service is the means that companies differentiate themselves from the current intense competitive market.  Companies are constantly trying to differentiate themselves from other players in market field. Previously markets have been really product/manufacturing oriented. Mainly all the tools are then developed towards this manufacturing idea so service innovation and new service development are poorly researched and understood areas.  But today´s business needs to take these things into consideration in order to survive. In order to develop new ideas companies need new tools for their work.

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