Summary of How to Use Design Thinking to Innovate Faster and More Efficiently | Tech Trends | J.P. Morgan

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Design thinking is a systematic, methodological approach to problem solving that emphasizes the importance of client input and connects creativity and execution. It can help organizations learn to be more creative and understand their clients, leading to faster innovation and more efficient product development.

• 00:00:00 Design thinking is a systematic, methodological approach to problem solving that emphasizes the importance of client input and connects creativity and execution. Most organizations are set up for execution, but need to learn to be more creative and find the right problem to solve. Design thinking can help organizations learn to be more creative and understand their clients.
• 00:05:00 Design thinking is a process that can be used to innovate faster and more efficiently. It requires a shift in mindset, and is similar to agile development methodologies in that it is about rapidly iterating and pivoting to ensure the end product is what the client wants. Airbnb is an example of a company that has done well with design thinking, and one that is likely to continue to do so. Start by getting educated on the topic, and then scale it slowly to ensure success.