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Redefining Value: Bridging the Innovation Culture Divide
Gold
Thursday, May 14, 2015 • Enterprise UX 2015
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Redefining Value: Bridging the Innovation Culture Divide
Speakers: Nathan Shedroff
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Summary

In his talk, Nathan, a designer turned educator, explores the evolving relationship between design and business cultures. He outlines how traditional assumptions and silos often hinder collaboration between designers and business professionals. Drawing from his extensive experience, Nathan highlights different facets of value—financial, emotional, identity, and meaningful—that go beyond mere performance metrics in business. He emphasizes the necessity of cultivating relationships and experiences to drive true value creation. By addressing cultural differences, redefining language around value, and advocating for better tools and methods to integrate qualitative and quantitative values, Nathan argues for a more holistic approach to innovation. He encourages both designers and business leaders to shift their perspectives to foster collaboration and successfully navigate the complexities of their respective domains.

Key Insights

  • Design and business cultures are historically siloed but are merging for better collaboration.

  • Value creation extends beyond financial metrics to include emotional, identity, and meaningful aspects.

  • Successful innovation relies on understanding relationships and experiences in addition to product features.

  • Many business professionals focus primarily on quantitative values, overlooking qualitative ones that designers excel at.

  • Design thinking thrives in ambiguity, while traditional business approaches favor certainty and optimization.

  • Building new tools and processes is essential to bridge the gap between design and business worlds.

  • Assessment methods like the Business Model Canvas need to include qualitative factors relevant to design.

  • Company culture plays a critical role in promoting or hindering innovation and design effectiveness.

  • HR departments must evolve to recruit talent that aligns with innovative design thinking.

  • The divide between qualitative and quantitative values must be bridged to enhance business strategies.

Notable Quotes

"I'm a designer by training and I have a background in information design."

"Designers stress imagination, originality, and creativity."

"Business people thrive in certainty; designers thrive in ambiguity."

"The only way value gets exchanged is in the context of a relationship."

"Features and performance represent the shallowest type of value."

"We all pay more for products when we see greater value."

"Design creates the deepest, most stable kinds of value in products and companies."

"Different innovation cultures exist within organizations, and it's crucial to know your own."

"It's not quantitative versus qualitative; it's about integrating both."

"We need new accounting tools to measure qualitative values effectively."

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