Innovation drives the global business out of stagnation and into continual success in each area of its global strategy. There is no guarantee on your success, but there are methods to ensure you are on the right track to achieving a specific level of success that outweighs the risk associated with you strategy.
Every part of your global success strategy has to be design oriented. This means that each goal is a part of a fundamental design process that is applied to your strategy and the innovation that drives it. It will also give you the fluidity to redesign with ease and timeliness. This is because design thinking is a repeatable problem-solving protocol that can be applied and proven in each step of your global strategy process.
Design thinking is founded on four elements:
1. Define the problem
2. Create consideration options
3. Refine directions and repeat 1-3 if necessary
4. Pick the winner and execute
Four of the most common problems when taking a company global are:
1. Currency fluctuations
2. Bureaucracy
3. Innovation
4. Value Creation
You can create a success path that can be proven and applied for each of your goals, which will give you a better success rate with each of the most common global strategy problems, as well as, any mix of them.
You have to define the right problem to solve. This means making a list of problems and then defining the real problems. This will allow you to choose problems that have real meaning and provide a real solution channel. You have to create numerous solutions, then choose the best one. You have to create the environment for your solution to be grown and tested, to give you what you want. If you have a solution that yields a significant probability of giving you the expected results that you want, then implement it.
Image source: Contentplus.paceco.com, 2017
Sources
Fast Company. (2006). Design Thinking… What is That? Retrieved on Jun 04, 2017, from
https://www.fastcompany.com/919258/design-thinking-what
Naiman, L. (2016). Design Thinking as a Strategy for Innovation. Creativity at Work. Retrieved on Jun 05, 2017, from http://www.creativityatwork.com/design-thinking-strategy-for-innovation/
Jabari M. Daniel-Cox is an MBA student in the Huizenga College of Business and Entrepreneurship, Nova Southeastern University, and can be reached at jdanielcox@live.com
#1 by Jessica Crlenjak on 9/18/17 - 6:48 AM
In my department, we sell cruises. We have been selling cruises to United States and Canada for the last 20-30 years. Just in the last 2 years, we(our department) have been started selling cruises to guests from UK, Australia, German, Latin America, Brazil and more. It is interesting and challenging to train the perfect process amongst team members and consumers from different parts of the world. I do agree with the 4 common problems when taking a company global yet finding the right design elements is the struggle.
The answer to me is:
- being in the trenches with the sales team to find out what makes consumers from all continents tick.
- having the right management team who supports the differences and is ready to help execute on changes
- having the right goals - attainable and realistic
- having the right marketing messages to keep the consumers engaged in the product for ultimate success in all areas.
- trial / error - refining the directions. I do not believe the directions need to be refined, I believe the team members have to "buy in" with what the message is.
#2 by Kiril Mandalov on 9/18/17 - 2:56 PM
#3 by Gabrielle Robinson on 9/18/17 - 3:57 PM
#4 by ciera campbell on 9/18/17 - 4:09 PM
#5 by Flavia Rossi on 9/18/17 - 8:29 PM
#6 by Maria Bonilla on 9/19/17 - 3:52 PM
#7 by Anita Pearson on 9/19/17 - 7:48 PM
The last paragraph stuck out to me, specifically with regard to defining the right problem (in my opinion meaning the most critical), create numerous solutions, select the best solution; this chain of events plus testing the solution and implementing the solution resembles a major responsibility of the current role I am in. As an HRIS/HR Coordinator, I work with the configuration of our HRMS (Workday, for anyone who may be familiar). When we discover any problems or make any changes to Workday, we typically review as a team and brainstorm different solutions and configurations that could resolve the issue at hand. Followed by this is the important step: TEST! We always, always test any solution in our test tenant before placing the configuration in the live tenant. Once the team reviews the solution in the test tenant to verify that the “fix” gives us the expected results, the decision is made to move the change to the live tenant.
#8 by Fernando E. Villar-Fornes on 9/20/17 - 2:47 PM
The design thinking is a very useful tool for every company. This post provides useful information to understand how this tool need to be use and be more interactive during the process of solution creations. Hope more companies use more this tool and reach their objectives in a successful way.
Reference:
IDEO. (n.d.). Design Thinking. Retrieved September 20, 2017, from https://www.ideou.com/pages/design-thinking
#9 by Natalie Mero on 9/20/17 - 5:53 PM
#10 by Brad Garlock on 9/20/17 - 6:15 PM
#11 by Dalini Dhaniram on 9/20/17 - 9:33 PM
#12 by Kristina Salasevicius on 9/21/17 - 4:39 PM
#13 by Kenisha Brown on 9/21/17 - 9:46 PM
#14 by Eliette Barrios on 9/21/17 - 10:58 PM
#15 by Brittany Madison on 9/21/17 - 11:45 PM
#16 by Chrisnel Merasse on 9/22/17 - 11:28 PM
#17 by Maira Rolle on 9/23/17 - 12:40 AM
#18 by Nicole Franco on 9/23/17 - 2:28 PM
#19 by LesterMoses on 9/23/17 - 5:03 PM
The author should have used an example to illustrate the elements of design thinking that are shown in the example above. A problem or need was defined; considerations were proposed and refined by trial and error. A winner was chosen and the markets reacted greatly to the final product and service.
Applying this model to business strategy is what the author focused on. Finding a path that is successful and repeating it using application locally in varying markets is a strategy that will produce results.
Creating value across culture can be challenging. Using the elements of design thinking can help to overcome these problems. Finding how to get to the end customer and eliminating bureaucracy and managing currency fluctuations by hedging are common ways around road blocks. Showing how the value will improve the lives of people who interact with your products and services is the goal. Creating smaller goals to get there is critical in the thinking process for Design think. These smaller goals are real to the local environments that they encounter. The perception of the good or service, how it is delivered, where and by whom will matter significantly to the end customer. Further, finding the right channel to provide the goods and services should be considered in design thinking. The perception customers will have about the product or service is affected by the channel. Price is of utmost importance, finding the correct price point will gain or push customers.
#20 by Alejandro Warwar on 9/23/17 - 10:31 PM
Alejandro Warwar
#21 by Gina Borges on 9/24/17 - 9:16 AM
#22 by Noushka Belizaire on 9/24/17 - 8:11 PM
#23 by Jodi-Ann Burchell on 9/24/17 - 9:42 PM
I agree that businesses should think about problem solving but I also believe everyone should have a Plan A, B, & C just in case anything could go wrong that there is a way to still go along with the original plan but in a different way.
Innovation and design thinking are also the reason why there are a lot more entrepreneurship major availabilities in colleges. I never saw that major until recently and it is now getting a lot more recognition and many scholarships are available. People are placing value on those who think outside the box and can develop strategies that can make things happen.
#24 by Estefanny Ayala on 9/24/17 - 10:16 PM
#25 by Krista L on 9/24/17 - 10:31 PM
#26 by Fred Fleury on 9/9/18 - 7:41 AM
Keep it up...