Evolution of the Corporate Strategic Innovation Methodology
In the past decades, many strategic methodologies have emerged as means for corporate strategic innovation, product value-creation and creative problem-solving.
A few that are widely recognized and adopted by the general public includes:
Design Thinking, taught during the 80’s at Stanford University and made popular to the corporate world by David Kelley, the founder of IDEO throughout the 90’s. It is a practical product innovation process in which satisfying the needs of the product users are emphasized.
User Experience Design (or UX), emerged in the 90’s as a result of the proliferation of personal computers and is brought to a wider audience by Professor Donald Norman as a process of improving the interaction and experience between the user and the product.
Blue Ocean Strategy, proposed by W. Chan Kim and Renée Mauborgne was a huge buzz and influential during the early 2000’s. It promotes the idea of creating new product demands by new value creation and making the existing competition irrelevant.
