27.6. Design Thinking and Innovation Tools

Try these first

1. 1.

   Define design thinking.

   Hint

   Think about how you approach problem-solving.

2. 2.

   What does SWOT stand for?

   Hint

   It's a way to analyze factors affecting a business.

3. 3.

   What are the stages of design thinking?

   • Define
   • Ideate
   • Test
   • Empathize
   • Define
   • Ideate
   • Prototype
   • Test
   • Build
   • Measure
   • Learn

   Hint

   Consider the flow of understanding needs.

4. 4.

   True or False: The Lean Startup approach advocates for creating a fully developed product before testing it.

   • True
   • False

   Hint

   Think about how entrepreneurs minimize risk.

5. 5.

   Create a detailed SWOT analysis for a fictional tech startup focused on app development.

   Hint

   Consider both internal and external factors and their implications.

6. 6.

   Design a simple Business Model Canvas for a new social media app - outline the key components.

   Hint

   Focus on defining value propositions and channels.