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19-01-2023

MBA Class of 2024

Design Thinking & Innovation

Introduction

Partha Sarathi Roy


School of Management & Entrepreneurship
Shiv Nadar Institution of Eminence

Knowing Innovation…
Idea
+
Implementation

IMPACT

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Criteria & Types of Innovation


• Based on Nature of Output -
– Product
– Process
– Customer Experience
– Business Model
• Based on Source of ideas -
– Open
– Close
• Based on nature of change -
– Incremental
– Radical
– Disruptive

Myths of Innovation
Myth Reality
Innovation begins with creativity Innovation begins with
curiosity…er… insight
Innovation is a smooth linear Innovation is iterative and the
process outcome of a series of
experiments
Innovation is about risk-taking Effective innovation involves risk-
taking, assessment and mitigation

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Two Villains of innovation


• Resistance to change

• Predictive Disability

Overcoming the Barriers to Innovation


The Innovation Funnel
Idea Pipeline

TIME

Idea Velocity

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What is Innovation?

Activity that provides useable,


novel solutions to problems,
opportunities and challenges.

Sweet Spot of Innovation

Source: IDEO HCD Toolkit 2ed.

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Human Centered Design


Premise

Designs that build out from the needs of users –


explicit and implicit, articulated and observed – are
more effective and more widely embraced than
those developed in other ways.

The Process Implementation

Concept Development

Ideation

Opportunity Area

Frame/ reFrame

Insight

Observation

? A different approach to problem


solving
Solution

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