Collaborative innovation as the new imperative – design thinking, value co‐creation and the power of “pull”
Abstract
Purpose
This “Masterclass” for corporate leaders aims to explain how to integrate three revolutionary approaches to business innovation to stimulate and propel the creativity that remains latent in and around most organizations.
Design/methodology/approach
Veteran “Masterclass” author Brian Leavy believes that collaborative innovation is the new corporate imperative and explains how three sets of revolutionary thinking and practices – design thinking, value co‐creation and the power of “pull” – can create new opportunities for businesses.
Findings
The paper reveals three key lessons: within the world of business, the design perspective is now being applied to a much wider range of challenges beyond the traditional concerns of product aesthetics and ease‐of‐use, including the search for innovative strategies, business models and organizational structures and processes; the core principle of co‐creation is ‘engaging people to create valuable experiences together while enhancing network economics; and organizations need to learn how to “pull” together, and mobilize as needed, the resources to meet the demands of more engaged consumers, responsively and flexibly as they unfold.
Practical implications
Instead of thinking about “what to build,” prototyping is about “building in order to think,” and the prototyping process itself “creates the opportunity to discover new and better ideas at minimal cost.”
Originality/value
This “Masterclass” offers leaders a lesson on how three revolutionary ideas about business innovation complement each other.
Keywords
Citation
Leavy, B. (2012), "Collaborative innovation as the new imperative – design thinking, value co‐creation and the power of “pull”", Strategy & Leadership, Vol. 40 No. 2, pp. 25-34. https://doi.org/10.1108/10878571211209323
Publisher
:Emerald Group Publishing Limited
Copyright © 2012, Emerald Group Publishing Limited