Applying design thinking for business model innovation

You, Xinya (2022) Applying design thinking for business model innovation. Journal of Innovation and Entrepreneurship, 11. ISSN 2192-5372

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Applying design thinking for business model innovation (1MB)
Creative Commons Attribution 4.0.

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Creators:

You, Xinya

Description/Abstract:

In recent years, there has been an increasing interest in using design thinking for business model innovation. However, few studies have explored the application, potential and challenges of design thinking from a comprehensive perspective. In order to better understand how design thinking can contribute to business model innovation, this paper regards business model innovation as a subject of design research and provides a critical review of researchers’ explorations of how to apply design thinking for business model innovation. In light of the literature review, this paper distils seven key design research themes: (1) design thinking as a mindset and a methodology; (2) designers of business models; (3) design activities for business model innovation; (4) design tools for business model innovation; (5) design approaches for business model innovation; (6) co-creation of new products, services and business models, and (7) evaluating and measuring the impact of design thinking. The themes not only highlight the potential of applying design thinking as a necessary mindset and methodology to business model innovation, but also emphasise the nature of designing as a social process.

Item Type:

Article

Official URL:

https://innovation-entrepreneurship.springeropen.c...

Date:

24 November 2022

Identification Number:

10.1186/s13731-022-00251-2

Uncontrolled Keywords or tags :

design thinking, business model innovation, mindset, design methodology, design processes

Depositing User:

Xinya You