Iterative innovation drives long-term growth by generating continuous improvement. This has helped iterative processes like design thinking gain significant popularity in the business world, making it less and less of a ‘secret’ while still preserving its status as a valuable weapon. It's human-centered approach is applauded in today’s growing agile-friendly environment. But, what exactly is [...]
Silicon Valley, CA, February 25, 2020—Planbox, a pioneering cloud-based AI-powered agile innovation management platform, today announced that it will sponsor Innovation Leader’s Scouting Tech & Trends Deep Dive Conference in Silicon Valley on February 27, 2020. The one-day event will bring together over 50 innovation professionals to learn best practices and strategies from industry leaders [...]
Portsmouth, UK, February 19, 2020—Planbox, a pioneering cloud-based AI-powered agile innovation management platform, will sponsor the World Forum Disrupt Strategy & Innovation conference at The Crystal in London on February 20, 2020. The event is designed to provide attendees with the opportunity to network, discuss innovation challenges and strategies, as well as share digital transformation [...]
This year’s predictions boast improved technical capabilities and greater access to software solutions that are shaping the future of innovation management. All trends point to the fact that the best way to benefit from the changes ahead is to prepare your employees now. This means creating leaders across all levels of your organization that are [...]
Have you ever seen a great idea slip through the cracks or a new project fall off without any resolution? These are issues that an effective idea management process can resolve. Gartner, the world's leading research and advisory company, defines idea management as “a structured process of generating, capturing, discussing and improving, organizing, evaluating and [...]
Click here to obtain a complimentary excerpt of the Quick Wins research report. The research report polled 132 innovation and R&D leaders on their strategies and experiences on introducing new tools, streamlining processes, finding clever ways to cut costs and launching new offerings. MONTREAL, QC, February 11, 2020—Planbox, a pioneering cloud-based AI-powered agile innovation management platform, partnered [...]
We have discussed what the agile methodology is and the evolving role of agile managers, but what traits do successful agile organizations have in common? Whether you are planning a new initiative to implement the agile methodology in your business or you are trying to strengthen initiatives already in place, it is important to understand the [...]
Management systems build a business model that strengthens the ties between people, processes, and technology in an organization while still keeping some flexibility. Innovation management systems help your business grow and maintain a healthy culture of continuous innovation. Innovation itself can be ambiguous and difficult to measure. However, the ISO 56000 series for innovation management [...]
Booms in technology have been on the horizon for a while, and now 2020 is here to deliver. Digital transformation trends projected for this year include the launch of 5G and greater blockchain uses amongst other things. These advancements will have an impact on innovation management across many industries. As new technology generates different and [...]
Planbox experiences rapid growth with three successful acquisitions in 4 years. MONTREAL, QC, January 21, 2020—Planbox, a pioneering cloud-based AI-powered agile innovation management platform, today announced record breaking results for a fourth consecutive year, as the company achieved new operational efficiencies with its accelerated expansion of new—and ongoing retention of existing—customer relationships, all of which [...]
![Design Thinking: The Not-So-Secret Weapon of Modern Enterprise Iterative innovation drives long-term growth [https://www.planbox.com/grease-the-wheels-of-iterative-innovation-to-drive-long-term-growth/] by generating continuous improvement, which has helped iterative processes like design thinking gain significant popularity in the business world, making it less and less of a ‘secret’ while still preserving its status as a valuable weapon. Its human-centered approach is applauded in today’s growing agile-friendly environment. What exactly is design thinking [https://www.planbox.com/an-overview-of-design-thinking/]? In a nutshell, it is a methodology for creating new and innovative ideas through a solution-focused and action-oriented process. The structure of this process helps keep people on track and avoid spending too long on a problem or skipping over it too quickly. There are many unique benefits and advantages of design thinking that help to understand and address complex problems that a business may face on a daily basis. 1. Increase Revenue Sales teams have been slower to embrace design thinking because their more traditional routines conflict with iterative innovation. However, customers are increasingly demanding a more personalized experience that makes the sales cycle more complex. The Economist Intelligence Unit Report says companies that prioritize customer experience (CX) have increased revenue growth and are more profitable than those that do not make it a priority. Design thinking brings CX to the forefront of corporate strategy, and as a result generates higher revenue. 2. Redefine Problems The process of design thinking requires you to analyze the problem to identify its root cause. This digs much deeper into the heart of the problem beyond what is seen at face value. Sometimes the real problem is not obvious, and sometimes the problem is actually part of a much bigger issue. This process also provides the opportunity to view a problem from a different perspective. The people working on an issue might be too close to their work to see it clearly. Redefining it ensures that the solution will have more successful and lasting effects. 3. Embrace Collaboration Collaboration in the workplace has many benefits [https://www.planbox.com/7-benefits-of-workplace-collaboration/], and design thinking requires collaboration to take place. It creates a positive environment that encourages collaboration, which supports ongoing growth and experimentation. This process leverages the power of collective experiences and brings together different teams in new ways. Bringing the right people together from across the organization can spark innovation that might not have happened otherwise. It also motivates employees and improves flexibility within the organization. 4. Speed Up Innovation Moving too slowly means getting left behind. Design thinking helps drive fast-paced innovation through iterative cycles that result in continuous improvement and learning. Competition is never too far away if not already one step ahead, so it can be dangerous to not prioritize innovation or focus on speeding up your processes. The goal should be to continuously improve products, services, and processes in a never-ending cycle that is driven by results. The average lifespan of companies is decreasing, so innovation is increasingly becoming do or die. 5. Improve Solutions By redefining problems and focusing on consumer desires, design thinking produces improved solutions. They are often more simple and to the point since the problem is more clearly defined. Due to design thinking’s process, the final result undergoes numerous rounds of testing and customer feedback. This ensures a higher level of quality control that guarantees improved solutions. Learning is at the center of this process, which can be carried on to future projects. Everyone across the organization will be positively impacted by the benefits of continuous improvement and learning. 6. Put the User First Design thinking has a “user first” approach that works on real user needs and tests solutions with real customers. This results in the development of useful products and services that better fit the needs of the user. The mentality behind this process is at the core of design thinking’s many other benefits, and customer obsession gives innovation a powerful edge. It is important that your company and its products or services remain relevant and useful. Otherwise, there is no reason for customers to be attracted to your brand. Overall, design thinking emphasizes engagement, dialogue, and learning in order to find genuine solutions instead of quick fixes. The structure of this process encourages creativity in a way that produces results. Engaging customers and partners helps reduce the uncertainty and risk of innovation that can often hold teams back. Software can help your business better structure design thinking and open collaboration in an organized way. Learn more about Design Thinking [http://bit.ly/3a1moBo] and how you can successfully integrate it as a core process within your innovation program.. Sources: https://hbr.org/2018/09/why-design-thinking-works https://www.forbes.com/sites/falonfatemi/2019/01/15/why-design-thinking-is-the-future-of-sales/#6d5a55704683 https://www.forbes.com/sites/propointgraphics/2017/06/17/design-thinking-your-next-competitive-advantage/#e0a714930b4a https://www.paulolyslager.com/design-thinking-strategy-innovation/](https://www.planbox.com/wp-content/uploads/2020/02/Design-Thinking-320x202.png)
