IDEAS home Printed from https://ideas.repec.org/a/ris/jofitr/1616.html
   My bibliography  Save this article

Why Design Thinking Matters

Author

Listed:
  • Fayard, Anne-Laure

    (New York University, Tandon School of Engineering)

Abstract

Design thinking has been an important management trend over the last decade and is still very much in fashion. Yet what design thinking really is and what it entails in practice for organizations often remains nebulous. In this article, I argue that design thinking is not a new concept and explain why it has aroused such a keen interest in recent years. I highlight the value of design thinking as an innovation process and stress the implications it has, as a mindset, for organizational culture. Lastly, I stress the need to use design holistically – with a system perspective – to develop meaningful and socially responsible innovations.

Suggested Citation

  • Fayard, Anne-Laure, 2018. "Why Design Thinking Matters," Journal of Financial Transformation, Capco Institute, vol. 48, pages 42-47.
    • Handle: RePEc:ris:jofitr:1616
    as

    Download full text from publisher

    File URL: https://capco.com/Capco-Institute/Journal-48-Design-Thinking/Why-design-thinking-matters
    File Function: Full text
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    design thinking; innovation; creative process; social innovation; system thinking;
    All these keywords.

    JEL classification:

    • O30 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - General
    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
    • O35 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Social Innovation

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ris:jofitr:1616. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Prof. Shahin Shojai (email available below). General contact details of provider: http://www.capco.com/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.