Strategy

How does a big company make good decisions to launch new products that might fatten up the bottom line and keep it innovative and growing? Find out now.

The crux of design thinking is that it embraces both creativity and analytical thinking to solve problems; two sides of the design thinking coin, both are essential to the design thinking process.

To thrive in a global economy, managers need to be aware not only of linear analytics and Western economics, but also aspects of Eastern philosophy, like letting go of desire and control — perhaps unexpected lessons at a business school.

Even large bureaucracies like the Veterans Administration and IBM now use design thinking principals to explore the experiences of key stakeholders searching for insights into better client service.

From government regulators and environmental activists to human rights watchdog organizations and other special interest groups — “nonmarket” forces have proliferated in recent years, creating a need for companies to develop a careful, more proactive approach to such external factors and pressures.

Professor Ming-Jer Chen says in a world in which globalization and technology are rapidly recoding the very DNA of business, its time for profound reexamination of the meaning, parameters and aims of competition.

Before Lin-Manuel Miranda and his hit show Hamilton were on Broadway, he was working to create buzz, connecting with the public through an active social media presence, particularly on Twitter. His savvy use of social media serves as a case in point in how to engage multiple audiences.

To transform into an organization that effectively bridges strategy and data analysis so that big data starts influencing execution, Professor Raj Venkatesan recommends businesses follow “five enablers of the data driven process.”