For SMEs to operate in the complex and globalised economic landscape of today engaging with innovation can sustain competitive advantage. Within Design Management, design is being increasingly posited as a strategic resource to facilitate the absorption of new design resources and leverage design knowledge in ways that support SMEs through such economic pressures. Evidencing the relationship between design and economic performance is complex, leading to extensive current research and industry efforts to show how design adds economic value. Despite the value of such efforts, it is important to recognise that innovation means different things to different organizations, especially for start-ups and SMEs. Within the rising tide of design-led innovation, there is a gap being explored in how design can effectively capture and evaluate its contribution within the complex and diverse situations of business development it engages. In seeking to address this gap, this paper presents findings from research undertaken within Design in Action (DiA), an AHRC-funded knowledge exchange hub. Presenting DiA as a single case study, the paper offers methodical reflection on five case example start-up businesses funded by DiA in order to explore the value that design-led innovation approaches offered in their formation.
|Number of pages||34|
|Publication status||Published - 29 Jul 2016|
|Event||20th Academic Design Management Conference Inflection Point : Design Research Meets Design Practice - Massachusetts College of Art and Design, Boston, United States|
Duration: 22 Jul 2016 → 29 Jul 2016
|Conference||20th Academic Design Management Conference Inflection Point|
|Abbreviated title||20 ADMC|
|Period||22/07/16 → 29/07/16|
Johnson, M. P., Champion, K., McHattie, L-S., & White, G. (2016). Beyond the bottom line: redefining the value of design in SME formation. Paper presented at 20th Academic Design Management Conference Inflection Point , Boston, United States.