Definition of design thinking “Design thinking” is both an ideology and a process that encourages a solution-based approach to problem-solving. It involves utilizing a creative and empathetic mindset to understand the needs of the end user and develop innovative solutions to meet those needs. Design thinking makes use of a set of design principles to … Read more
Can you manage risk? Managing risk can be hard, especially when it comes to financial risk in a project. Despite our best efforts, risk may still arise that is beyond our control. However, with proper risk management strategies in place, a project team can work towards loss prevention and reduction. It is important to understand … Read more
What is the pareto principle? The Pareto principle, named after the Italian economist Vilfredo Pareto, is a mathematical concept that states that roughly 20% of the inputs or effort lead to 80% of the results or outputs. This principle can be applied to various areas such as productivity, quality control, and decision-making. According to the … Read more
What is corporate innovation? Corporate innovation is a process whereby organizations seek to improve their performance by developing new products, services, or processes. It typically involves the application of new technologies and business models to create value for customers or shareholders. Corporate innovation can help organizations to remain competitive in rapidly changing markets, and can … Read more
When employees are happy and engaged, it shows in the quality of their work. And when your brand is associated with high-quality work, it can lead to increased sales and customer loyalty. The Importance Of Employee Morale It has been said that happy employees lead to happy customers. This may be true in some cases, … Read more