A tool for a design-driven innovation approach to more sustainable business models

Authors

  • Tommaso Corà Università IUAV di Venezia
  • Lucilla Fazio TIPIC, Innovation by Design

DOI:

https://doi.org/10.54337/jbm.v12i1.8406

Abstract

Purpose

The growing imperative for sustainable business practices has led to a recognition that companies must transform their business models to encompass economic, social, and environmental value. At the heart of this transformation is the triple bottom line framework, which evaluates business success in the three dimensions of profit, people, and the planet. Simultaneously, design-driven innovation embraces future-oriented approaches that include people and the ecosystem as stakeholders, while evolving the lenses of innovation, namely desirability (planet), feasibility (network), and viability (prosperity). This evolution offers a new perspective that extends the triple bottom line in business model design by considering the feasibility of achieving impactful, original, and useful innovations.

We explore a potential method for designing a business model anchored in the conceptualization of design-driven innovation and a tool to support the creative exploration and coherence assessment of more sustainable (than those currently in use) business models.

 

Design/Methodology/Approach

We built on previous knowledge of design, design-driven innovation, and business model design, and merged with insights from our direct experience as design-driven innovation practitioners, including in applying the tools in different instances with client companies.

 

Findings

We propose the Design-Driven Innovation Business Model Canvas, and provide initial anecdotal evidence from its potential to support the creative exploration and coherence assessment of sustainable business models.

 

Originality/Value

Our tool is designed to merge the design-driven innovation perspective with business design requirements to generate more sustainable business models than those currently in use. We also propose a new conceptualization of the three lenses of innovation, which we then relate to the triple bottom line.

Author Biographies

Tommaso Corà, Università IUAV di Venezia

Tommaso Corà is a pracademic in the field of design-driven innovation. He is Head of Innovation by Design at TIPIC, adjunct professor of Design Management and Business Culture at IUAV University (Venice), and Lecturer in Design Management at the Joint Master’s Degree Programme in Service Design Strategies and Innovations at the Art Academy of Latvia, the University of Lapland, the Estonian Academy of Arts, and the Stockholm School of Economics in Riga. His research interests are the common patterns across design, strategy, and management.

Lucilla Fazio, TIPIC, Innovation by Design

Lucilla Fazio is a design-driven innovation practitioner. She is Head of Strategic Foresight at TIPIC and was adjunct professor of Design Management and Business Culture at IUAV University (Venice). Her research interests focus on innovation through design methodologies and their integration with futures studies, social sciences, strategy, and management.

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Published

02-05-2024

Issue

Section

Special Issue: The Design of Business Models