Championing Innovation & Social Impact | Corporate Impact Venturing | CEO Smyrna Labs I President Fundacion Entrepreneur
Methodologies for innovation are just tools, not the objective. Innovation is about solving problems and creating value (in simple words); for that, you can use methodologies to facilitate finding those solutions. I am eclectic about methodology. First, I consider the outcome, the time, the objective of a work session, and the public, among other things, and then I choose the methodology to facilitate the process. You´re not an innovator because of the methodology you use; it´s because you add value and solve a problem. Many are out there; some are good, and others aren´t. Here are some of the most common for innovation purposes: ⏭️ Design Thinking: A user-centered approach focused on understanding user needs, brainstorming ideas, and rapid prototyping to create innovative solutions that are both functional and desirable. ⏭️ Business Model Canvas: A strategic tool that helps businesses visualize, assess, and innovate their business model by breaking it down into nine key elements, such as customer segments, value propositions, and revenue streams. ⏭️ Lean Startup: A methodology for developing businesses and products by iterating quickly, testing assumptions with real customers, and learning from feedback to minimize wasted effort and resources. ⏭️ Agile: An iterative project management methodology that emphasizes flexibility, collaboration, and customer feedback to deliver value in small, manageable increments. ⏭️ Open Innovation: A framework that promotes collaboration with external partners, including customers, suppliers, and competitors, to source ideas and technologies for innovation. ⏭️ Rapid Prototyping is a development technique that involves quickly creating early product versions, testing them with users, and iterating based on feedback to drive product innovation. Please add more and recommend in the comments below 👇🏼 #innovation #methodologies #canvas #openinnovation
