PDF The Design of Business Why Design Thinking is the Next Competitive Advantage
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Most companies today have innovation envy. They yearn to come up with a gamechanging innovation like Apple's iPod, or create an entirely new category like Facebook. Many make genuine efforts to be innovativethey spend on RD, bring in creative designers, hire innovation consultants. But they get disappointing results.Why In The Design of Business, Roger Martin offers a compelling and provocative answer: we rely far too exclusively on analytical thinking, which merely refines current knowledge, producing small improvements to the status quo.To innovate and win, companies need design thinking. This form of thinking is rooted in how knowledge advances from one stage to anotherfrom mystery (something we can't explain) to heuristic (a rule of thumb that guides us toward solution) to algorithm (a predictable formula for producing an answer) to code (when the formula becomes so predictable it can be fully automated). As knowledge advances across the stages, productivity grows and costs drop-creating massive value for companies.Martin shows how leading companies such as Procter Gamble, Cirque du Soleil, RIM, and others use design thinking to push knowledge through the stages in ways that produce breakthrough innovations and competitive advantage.Filled with deep insights and fresh perspectives, The Design of Business reveals the true foundation of successful, profitable innovation. Theres no innovation agenda without design thinking - The This piece is part of By Design a Globe and Mail/OCAD University summer series highlighting design thinking issues and innovation Sara Diamond is president and Why Big Data is the new competitive advantage Many observers including the authors of this article believe that Big Data is the new new thing that will see some companies leapfrog others to become best in class Capsim Business Simulations and Assessments Applications Capsim is an industry leader in business simulation technology used for the development and assessment of business acumen Heather Fraser Design Works If youre interested in preparing your business organization or city for the 21st century Heather Frasers Design Works is a must read Design Thinking - Harvard Business Review Contrary to popular opinion you dont need weird shoes or a black turtleneck to be a design thinker Nor are design thinkers necessarily created only by design How Design Thinking Can Enrich Marketing & Business How Design Thinking Can Enrich Marketing & Business Innovation Added Value Innovation is key to competitiveness in the global economy But too often this so-called Read our featured insights McKinsey & Company Our latest thinking on the issues that matter most in business and management Building a design-driven culture McKinsey & Company Each group gets its own wall which functions as a working surface dedicated to customer journeys technology business operations and planning DT - Design Thinking @ HSG For whom is Design Thinking suitable? - For all the companies that want to tackle the followingchallenges Establishing new business models; Idea-boost from outside Business Model Design and Innovation for Competitive Advantage Business Model Design and Innovation for Competitive Advantage 1 Management20: Competitive Advantage through Business Model Design & Innovation
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