Design Thinking  | 3 MIN. READ

8 Stats That Prove Design Thinking Pays Off

ExperiencePoint, August 20, 2019

8 Stats That Prove Design Thinking Pays OffYou may know in your heart that design thinking is right for your organization, but you still have to sell it to company decision-makers. While they may enjoy a story of how design thinking transformed IBM’s approach to customer engagement, or how PepsiCo used it to transform their innovation processes, they also want to see the numbers.

To help you make that business case, here are eight statistics from a variety of reputable organizations proving over and over again that training the workforce in design thinking and making it part of the way you problem solve will drive business value and spur innovation.

  1. Design-focused Companies Annually Outperform The S&P Index. An investment tool called The Design Value Index, shows companies that integrate design thinking into corporate strategy outpace industry peers by as much as 228 percent.

  2. Design Thinking Companies Have Higher Revenues And Shareholder Returns. Data from McKinsey shows organizations that regularly follow design thinking practices see a third higher revenues and 56 percent higher returns than those that don’t.

  3. Design Thinking Companies Get Products To-Market Faster For Less Money. Forrester found these companies cut initial design and alignment by 75 percent, which delivered cost savings of up to $872,000 and increased profits by roughly $1.1M for major projects.

  4. The Most Successful Brands Use Design Thinking. IBM, Google, Airbnb, PepsiCo and Nike are just a few of the wildly successful brands that consider design thinking a core part of their culture and way of doing business. Former PepsiCo CEO Indra Nooyi famously told Harvard Business Review that design had a voice in almost every crucial decision the company made. During her 12 year tenure, sales increased 80 percent.

  5. Design Doesn’t Just Improve Products, it Improves Corporate Culture. 71 percent of companies say design thinking has improved the working culture at their organizations; and 69 percent say it makes their innovation processes more efficient.

  6. Design-led Companies Have Formal Processes to Engage Customers. A study by Adobe found 78 percent of companies that prioritize design have a defined process for coming up with new digital customer experience (CX) ideas; and 83 percent have formal systems in place to test ideas with customers.

  7. Customer Focus Drives Greater Customer Loyalty And Market Share. Half of design-led companies surveyed by Adobe say design thinking results in more satisfied and loyal customers; and 41 percent report greater market share as an advantage of having advanced design practices.

  8. Companies That Excel at Design Thinking Didn’t Learn it on Their Own. Half of design led organizations report learning design thinking from coaches, agencies or academic institutions, according to research from Parsons School of Design. Just 20 percent say they learned it on their own through tutorials or self-help literature.

 

Learn how to enable innovation skill-building at scale here or download our free ebook Kickstart Innovation: A Guide for Organizations.

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