shared by Pexels How would you apply design-thinking methods to develop a start-up business opportunity or to solve a business or societal problem? Think of a business opportunity or problem that you...

Running Head: DESIGN THINKING METHODS
DESIGN THINKING METHODS 4
Management
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Executive summary
The main topic that is the job of configuration thinking strategies for taking care of the business issues. It very well may be said that during the fundamental phases of the beginning up, if the plan believing is applied as it can raise the odds of achievement. Moreover, any sort of item or arrangement can be created by design thinking methodology. Besides, plan believing is additionally one of the most imperative instruments that are required by each startup over the globe. It is obviously that a startup additionally shouldn't be an architect or have a planner in the group for the structure thinking approach
Introduction
This entire assignment will revolve around the central theme that is the role of design-thinking methods for solving the business problems. It can be said that during the basic stages of the start-up, if the design thinking is applied as it can raise the chances of success. Furthermore, any kind of product or solution can be developed by design thinking procedure. There are mainly five stages in this particular process such as: Define Empathise, Prototype, Ideate as well as Test. In general terms, design thinking is mainly about finding the problem that is worth solving. It is needless to say that design thinking is such a phenomenon that leverages exploration, empathy as well as collaboration for finding out solutions for the problems of the start-up.
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Entrepreneurship ecosystems
An entrepreneurial ecosystem is mainly the economic and thee social environment that is affecting the regional or local entrepreneurship. Enhancing the entrepreneurship has become one of the main elements with regard to the economic development in the countries and cities across the globe. The principal metaphor for enhancing entrepreneurship as an economic development strategy is mainly regarded as the entrepreneurship ecosystem. A country is said to have strongest entrepreneurship ecosystem when there are a lot of startups. Creating jobs is one of the basic aims for enhancing an entrepreneurship ecosystem. However, in terms of strengthening the regional entrepreneurship ecosystem is quite necessary for establishing co-working spaces (Johansson‐Sköldberg, Woodilla & Çetinkaya, 2013). Throwing light on the above-mentioned discussion it can be said that there are several approaches for measuring and designing entrepreneurship ecosystems or entrepreneurial ecosystems may vary widely. Some of the excellent features of the entrepreneurial ecosystem consists of the following: a core of big established business, consisting of some that have been led by the entrepreneurs; entrepreneurial recycling- the time and money is reinvested by the entrepreneurs in terms of supporting the new entrepreneurial activities as well as the environment that is quite rich in information and it can be both shared and accessible. However, it must be remembered that creating entrepreneurial ecosystems tend to poses huge amount of challenges for the policy-makers. The entrepreneur ecosystem mainly consists of three main elements such as:
Capital- It is quite evident that no business can be ever launched without relevant infrastructures as well as money which contains the capital
Rebellion- The status quo is always challenged by an entrepreneur and if they want to do something then they would do something big, established firms, where they would be paid in a best possible manner and they would also get the accessibility of a lot of resources
Know-how- salespeople, engineers, designers and developers are the basic elements for launching the innovative businesses (Razzouk & Shute, 2012).
Design-thinking
It mainly refers to the strategic, cognitive, as well as the practical procedures by which concepts of the design are developed. It is created by the human being and used by the designers for tackling the issues. Furthermore, it encourages companies for focusing on the individual they are creating for which leads toward the best services along with the products. Arguably, design thinking is quite vital for the startups as they move fast so design thinking is quite useful for the start-up at all the stages in terms of the...