Design Thinking (DT), (also known as human-centered design) is an innovation process used to evolve products and services in business and social impact sectors. World-renowned companies like Apple, Google and GE use DT for business solutions, and top-tier colleges like Stanford, Harvard and MIT teach DT to students looking to solve the world’s biggest problems.
Innovation is the Holy Grail of business success that can supercharge any kind of organisations from corporates to start-ups and shift them towards growth. Nevertheless, many organisations on the creative edge are struggling how to make innovation happen due to the rise of new work processes, changing demographics and new technologies.
Innovation is an integral part of many organizations today, and for good reason: it helps companies stay agile, relevant, and evolving. However, innovation is often difficult to achieve—or is even met with resistance.
The innovation that goes on within American corporations is truly breathtaking. Of course, many of the best innovation labs require the immense resources of powerful companies, but at their heart, these labs all succeed when two components come together: the right people and the right ideas.
Managing solitary and collaborative innovation: All innovation is based on creative ideas which are generated and developed by passionate people working alone and with others. Both solitary and collaborative work are important to the effective development of innovation in organizations. The key for leaders is to effectively promote both.
InnovationManagement.se was invited to participate in an innovation lab conducted by the Chair of Technology and Innovation Management (TIM), School of Business and Economics of the RWTH Aachen University. Read more to find out about their recent studies and key points from professor Frank Piller, globally acknowledged expert on user innovation and Open Innovation, mass customization and continuous/incremental vs discontinuous/radical innovation.