Design Thinking: The Secret Sauce Needs to Spark Up Success!
Tharindu Jayarathne
Business & Finance Strategy | VC, Investments & Entrepreneurship | Doctoral Researcher | Learner ????????
Ever heard of the saying, “Think outside the box”? When it comes to solving problems, design thinking doesn't just step outside the box, it reimagines the box entirely. This innovative approach has become a go-to method for entrepreneurs, innovators, and businesses looking to turn complex challenges into game-changing opportunities. But what exactly is design thinking, and why does it feel like the secret ingredient to ignite success?
Let’s dive in—and I’ll share an example from my experience working with a real estate client to show how this approach works in practice!
What is Design Thinking?
In simple terms, design thinking is a problem-solving methodology that puts people real, messy, unpredictable humans at the heart of every solution. It’s all about empathy, experimentation, and iteration. Instead of jumping straight to “Let’s fix it,” design thinking asks, “Who are we fixing this for, and what do they truly need?”
The process typically follows 5 steps:
The magic lies in the mindset, it’s about curiosity, collaboration, and seeing failure as a stepping stone, not a setback.
Applying Design Thinking to Real Estate
During my tenure heading development consultancy and research, I worked on a project for an urban real estate development focused on mixed-use properties. The client wanted to integrate modern, sustainable living with affordability and inclusivity. However, the challenge was to align the project with diverse stakeholder expectations while maintaining financial viability.
This is where research-driven design thinking became invaluable.
Step 1: Empathize
Our research team conducted comprehensive studies to understand the needs and behaviours of potential residents, local businesses, and neighbouring communities. This included:
The findings revealed significant insights:
Step 2: Define
With this data, we reframed the challenge: How might we create a mixed use development that caters to diverse lifestyles, fosters community connections, and ensures environmental sustainability?
Step 3: Ideate
Leveraging the insights, we brainstormed innovative ideas, such as:
Step 4: Prototype
Prototypes were developed based on these ideas, including:
Step 5: Test
The prototypes were tested through community events and stakeholder workshops. The feedback was eye-opening:
The Role of Research in Driving Success
Throughout the process, research played a critical role in validating ideas and refining strategies. Quantitative data helped analyze economic feasibility, while qualitative insights provided the human perspective that shaped the design. This combination ensured the project was not only innovative but also practical and sustainable.
By grounding the project in solid research, we ensured it addressed real-world challenges while creating a blueprint for long-term success.
Why Design Thinking Works
Design thinking thrives at the intersection of creativity and practicality. It encourages a deep understanding of human needs while embracing experimentation to arrive at the best solutions. In this real estate project, it transformed a complex, multi-faceted challenge into a sustainable, community-centred development.
Whether in real estate, product design, or any industry, combining design thinking with rigorous research is a recipe for success. After all, great solutions don’t just happen—they’re meticulously designed and tested.
Because great ideas aren’t born, they’re designed. And, every successful idea starts with a spark! ?