Design Thinking is a human-centered design process that approaches problem-solving with understanding the user needs.
When design thinking approaches are applied to business, the success rate for innovation has been seen to improve substantially. To be considered successful, innovations have to solve the three key dimensions.
Desirability: Is this product or service addressing a real customer need?
Feasibility: Can we develop a solution that is technically feasible and better than competitors?
Viability: Is there a viable business model around this product or service?
The five stages of Design Thinking are as follows: Empathize, Define (the problem), Ideate, Prototype, and Test
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