Innovation Through Design Thinking

The first step, empathizing, starts with identifying who is involved in the problem that needs to be solved. This step can also involve direct observations and conversations, according to the report. Next, comes defining, which seeks clarity and makes sense of the data collected in step one. After that comes ideating, which is the path to generating solutions to the problem. Prototyping and testing are the last two steps, which are repeated until the team reaches a solution.  The idea of design thinking is that leaders and teams can ‘fail fast to succeed faster’ which allows CFOs to be more agile in their positions. 

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