Unit IV Discussion Board

Please make sure that it is your own work and Please watch out for Spelling and grammar errors.Please use the APA 7th edition

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Book Reference:Neck, H. M., Neck, C. P., & Murray, E. L. (2021). Entrepreneurship: The practice and mindset (2nd ed). SAGE. https://online.vitalsource.com/#/books/9781544354644

Discuss a recent purchase experience you had from a design thinking perspective. Include any recommendations for improvements of the experience based on your analysis. Respond to two other discussion posts, providing your perspective on how design thinking could be used in your classmate’s example.

BUS 8303, Entrepreneurship and Innovative Business Development 1

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  • Course Learning Outcomes for Unit IV
  • Upon completion of this unit, students should be able to:

    2. Analyze the role of an entrepreneurial mindset in opportunity recognition.
    2.1 Integrate entrepreneurial mindset with design thinking.

    3. Appraise the use of design thinking toward innovative ideation.

    3.1 Discuss the design thinking process.
    3.2 Summarize the value of experimentation in the design thinking process.

    5. Differentiate innovative business strategies.

    5.1 Identify a target customer’s potential problem.

    Course/Unit
    Learning Outcomes

    Learning Activity

    2.1

  • Unit Lesson
  • Chapter 4
    Unit IV Scholarly Activity

    3.1

    Unit Lesson
    Chapter 4
    Student Resource: What Is Design Thinking?
    Unit IV Scholarly Activity

    3.2

    Unit Lesson
    Chapter 4
    Chapter 7
    Unit IV Scholarly Activity

    5.1
    Unit Lesson
    Chapter 6
    Unit IV Scholarly Activity

  • Required Unit Resources
  • Chapter 4: Using Design Thinking

    Chapter 6: Developing Your Customers

    Chapter 7: Testing and Experimenting With New Ideas

    In order to access the following resource, click the link below.

    Navigate to the Video and Multimedia area in Student Resources for Chapter 4 of the eTextbook to view the
    items listed below.

    • What Is Design Thinking?

    UNIT IV STUDY GUIDE

    Design Thinking and
    Innovative Ideation

    https://edge.sagepub.com/neckentrepreneurship2e/student-resources/4-using-design-thinking/video-and-multimedia

    BUS 8303, Entrepreneurship and Innovative Business Development 2

    UNIT x STUDY GUIDE

    Title

    Unit Lesson

    Design Thinking

    This unit continues to expand on understanding the meaning of an entrepreneurial opportunity from
    generating ideas using tools like design thinking to developing customers to experimentation and testing with
    new ideas. One popular technique that supports innovation is design thinking. Design thinking, popularized by
    Tim Brown, Chief Executive Officer (CEO) of IDEO, includes a three-phase process in a nonlinear approach:
    inspiration, ideation, and implementation (Neck et al., 2021). Design thinking begins the process by analyzing
    problems from the user’s point of view, using the perspective of empathy. How does the user interact with the
    product, or, conversely, why does a potential user not use the currently existing product? What is the value or
    benefit that the user desires? What are the challenges that the end user faces around this challenge?

    Each of these questions encourages a deep understanding of the user or customer’s perspective about the
    product. Design thinking is used from both a significant innovation viewpoint as well as in making incremental
    changes that enhance the customer’s experience. One simple example of how design thinking works is
    Amazon’s change to easy-open packaging. In analyzing the customer’s experience in opening packages,
    Amazon identified the need to improve the process to make opening the 1.6 million packages delivered per
    day easier for their customers (Peterson, 2019; Save the Post Office, 2018). See the graphic below (Neck et
    al., 2021).

    Design Thinking and the Customer

    When identifying the user, be aware that the user can include a chain of users who interact throughout the
    user experience, and the actual final user of the product or service might not be the purchaser of the product
    or service. Imagine the example of a parent purchasing a product for a child or someone purchasing a
    product or service on behalf of someone else or even an organization. Knowing who your customer is as well
    as what the customer values is essential for the success of the entrepreneurial venture. Integrate the

    BUS 8303, Entrepreneurship and Innovative Business Development 3

    UNIT x STUDY GUIDE
    Title

    information from both learning how to gain knowledge about customers and how the information in this unit
    ties into design thinking and experimentation.

    Design thinking works well in learning more about how, from the customer’s perspective, your product or
    service benefits the customer. That the benefit must come from the user’s perspective can be difficult for
    some people to grasp. You might think that the benefit of your product relates to the feature of your product,
    but successful entrepreneurs understand that the benefit comes from the user’s perspective of the value of
    the product or service. Although a dog grooming business does not technically meet the criteria of an
    entrepreneurial venture, this example works well to understand the difference between offering a service from
    the owner’s perspective, versus the user’s perspective.

    The owner of the dog grooming business probably defines the benefit of the business based on the direct
    service of grooming. But the dog owner would describe the service from a wider perspective including a clean
    dog, of course, but also entertainment for the dog, socialization for the dog, and even a place for the dog to
    stay while the owner is free to run errands or other activities such as visiting a friend who is allergic to dogs.
    The 2 or 3 hours the dog is at the groomer is a form of dog daycare. The owner of the dog grooming business
    might not even realize all the benefits that the customer identifies with the dog grooming service. Knowing
    these benefits opens the possibility for changing a traditional dog grooming business into something new—an
    entrepreneurial venture that reshapes the dog grooming business by extending services that align with the
    benefits the customer identifies.

    Creating a mind map that explores the problem or problems the customer is experiencing works well in
    preparing for identifying areas for experimentation as well as in design thinking. Expanding on the customer’s
    experience, the ideas around the potential solutions, and exploring the identified problem through mind
    mapping fit well with experimentation.

    Experimentation in Design Thinking

    There are many types of experiments that entrepreneurs have access to. To reiterate, design thinking is a
    three-phase process: inspiration, ideation, and implementation. Experimentation in the implementation phase
    develops an entrepreneurial mindset of acting on and being open to new ideas and information. Some
    approaches to experimentation include trying out new experiences; analyzing products, processes, and ideas;
    and testing ideas through pilots and prototypes. In using the dog grooming example, the recommendation is
    to work in the dog care industry to gather new experiences. What is currently offered in this industry? What
    works well? What needs to be improved? What is the dog grooming industry like in other regions or
    countries? What locations work well, and what products and services are offered? What does the location
    look like, and what names are used for the business?

    As you are trying out new experiences, write down or record the information you are learning. Tracking this
    information is an important part of building your knowledge about your business idea. Essential information
    might be missed or forgotten if you are not documenting your findings and experiences.

    What can you learn about your business idea by analyzing or deconstructing the established product or
    system? Let’s look at Airbnb. Airbnb deconstructed the hotel industry by taking apart the product and process.
    In taking apart the product and recognizing that the value proposition of a place to stay, Brian Chesky, Nathan
    Blecharczyk, and Joe Gebbia, the founders of Airbnb, recognized that every homeowner could potentially
    offer rental space within their home (Airbnb, n.d.). These resources could be matched with people who need a
    place to stay; the missing piece was offering a platform to match the homeowners’ resources. The supply is
    the guest, and the demand resulted in the creation of Airbnb.

    BUS 8303, Entrepreneurship and Innovative Business Development 4

    UNIT x STUDY GUIDE
    Title

    The example in the eTextbook discusses Rent the Runway, which is a company that uses a similar approach.
    That company recognized unused resources, designer dresses—which is a specific target market. They
    recognized there were people who were interested in the dresses, and there was a need to create a business
    that matched the supply, dresses, and the demand. Women who were price-conscious in deciding on
    committing to buying a dress but interested in renting a dress were the target market. Not only is there a
    similarity in identifying unused resources in creating an entrepreneurial venture, but analyzing the current
    industry is key in discovering new entrepreneurial ventures. This action also reinforces the previous
    information on entrepreneurial mindsets—the ability to see commonly accepted methods and processes from
    a new perspective. What other commonly accepted systems and processes do we encounter regularly but
    never see from the perspective of how to deconstruct the industry into something new that provides an
    improved value between the supply and demand?

    One type of testing is the use of prototypes and pilot studies. Prototypes are the creation of the actual
    product. Pilot studies include the processes of testing the validity of the product for potential success. In both
    the creation of the prototype and pilot testing, the goal is to gain feedback by asking what works well and what
    needs improvement. In both creating prototypes and pilot studies, the information gathered in the new
    experiences area is vital to refer to for tracking improvements and value creation for the end user. In
    companies like Airbnb, the pilot study was about the processes for connecting the supplier and the buyer with
    adjustments made based on the feedback about the process. Not only are processes tested in pilot studies,
    but company names are also tested.

    Interactive Activity

    In order to check your understanding of
    concepts from this unit, complete the Unit IV
    Knowledge Check activity.

    Unit IV Knowledge Check

    PDF version of the Unit IV Knowledge Check

    Note: Be sure to maximize your internet
    browser so that you can view each individual
    lesson on a full screen, ensuring that all content
    is made visible.

    Remember, this is a nongraded activity.

    Conclusion

    In the experimentation process, be alert to the possibility of moving your idea into a new and more innovative
    idea based on the results of your research. Asking questions, collecting results, and making changes and
    adjustments are key actions for success. This is also true for identifying your target market. You might find

    https://online.columbiasouthern.edu/bbcswebdav/xid-136932589_1

    https://online.columbiasouthern.edu/bbcswebdav/xid-138335261_1

    https://online.columbiasouthern.edu/bbcswebdav/xid-136932589_1

    BUS 8303, Entrepreneurship and Innovative Business Development 5

    UNIT x STUDY GUIDE
    Title

    that what you thought would be the ideal target market is not the correct target market. For example, a
    business might be created to sell to the end users of the product, when the better choice is to target
    businesses in a business-to-business (B2B) model, a nonprofit organization, or perhaps a target market in a
    different country. Once again, we see the connection to an entrepreneurial mindset, the openness to adjust
    your venture based on new information, and your research.

    References

    Airbnb. (n.d.) About us. https://news.airbnb.com/about-us/

    Neck, H. M., Neck, C. P., & Murray, E. L. (2021). Entrepreneurship: The practice and mindset. SAGE.

    Peterson, H. (2019, December 19). Amazon’s delivery business reveals staggering growth as it’s on track to

    deliver 3.5 billion packages globally this year. Business Insider.
    https://www.businessinsider.com/amazon-package-delivery-business-growth-2019-12

    Save the Post Office. (2018, July 29). An Amazon puzzle: How many parcels does it ship, how much it cost,

    and who delivers what share? https://www.savethepostoffice.com/an-amazon-puzzle-how-many-parcels-
    does-it-ship-how-much-does-it-cost-and-who-delivers-what-share/

  • Suggested Unit Resources
  • In order to access the following resources, click the links below.

    The articles below showcase examples of opportunities for innovation with design thinking.

    Berglund, H., Bousfiha, M., & Mansoori, Y. (2020). Opportunities as artifacts and entrepreneurship as design.

    Academy of Management Review, 45(4), 825–846. https://doi-
    org.libraryresources.columbiasouthern.edu/10.5465/amr.2018.0285

    https://libraryresources.columbiasouthern.edu/login?url=https://search.ebscohost.com/login.aspx?direct=true&db=bsu&AN=147067652&site=ehost-live&scope=site

    BUS 8303, Entrepreneurship and Innovative Business Development 6

    UNIT x STUDY GUIDE
    Title

    Garbuio, M., Dong, A., Lin, N., Tschang, T., & Lovallo, D. (2018). Demystifying the genius of entrepeneurship:
    How design cognition can help create the next generation of entrepeneurs. Academy of Management
    Learning & Education, 17(1), 41–61. https://doi-
    org.libraryresources.columbiasouthern.edu/10.5465/amle.2016.0040

    The article below provides insight about differentiating innovative business strategies.

    Tracey, P., Dalpiaz, E., & Phillips, N. (2018). Fish out of water: Translation, legitimation, and new venture

    Creation. Academy of Management Journal, 61(5), 1627–1666. https://doi-
    org.libraryresources.columbiasouthern.edu/10.5465/amj.2015.0264=site

  • Learning Activities (Nongraded)
  • Nongraded Learning Activities are provided to aid students in their course of study. You do not have to submit
    them. If you have questions, contact your instructor for further guidance and information.

    In order to access the following resources, click the links below.

    Utilize the following Chapter 4 Flashcards, Chapter 6 Flashcards, and Chapter 7 Flashcards to review
    terminology from the eTextbook.

    https://libraryresources.columbiasouthern.edu/login?url=https://search.ebscohost.com/login.aspx?direct=true&db=bsu&AN=128480694&site=ehost-live&scope=site

    https://libraryresources.columbiasouthern.edu/login?url=https://search.ebscohost.com/login.aspx?direct=true&db=bsu&AN=128480694&site=ehost-live&scope=site

    https://libraryresources.columbiasouthern.edu/login?url=https://search.ebscohost.com/login.aspx?direct=true&db=bsu&AN=132322042&site=ehost-live&scope

    https://libraryresources.columbiasouthern.edu/login?url=https://search.ebscohost.com/login.aspx?direct=true&db=bsu&AN=132322042&site=ehost-live&scope

    https://edge.sagepub.com/neckentrepreneurship2e/student-resources/chapter-4/flashcards

    https://edge.sagepub.com/neckentrepreneurship2e/student-resources/chapter-6/flashcards

    https://edge.sagepub.com/neckentrepreneurship2e/student-resources/chapter-7/flashcards

      Course Learning Outcomes for Unit IV
      Required Unit Resources
      Unit Lesson
      Design Thinking
      Design Thinking and the Customer
      Experimentation in Design Thinking
      Interactive Activity
      Conclusion
      References
      Suggested Unit Resources
      Learning Activities (Nongraded)

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