Managing Innovation and Entrepreneurship The Alibaba Group Introduction Innovative skill in entrepreneurship business is an all-time demanding tool for the success of any business. Such skills are often risk-seeking since they seek to turn any possible obstacle into competitive advantages in what is known as design thinking. The prominent global companies always employ the ideas behind the design thinking to enable their businesses to thrive to the desired competitive levels. Design thinking is; thus, the rationale companies follow to promote higher performance collaboration by inventing in various business innovations. Design thinking involves discovering the underlying business opportunities, and creating solutions to entrepreneurial problems. Design thinking entails five key elements, which every entrepreneur is looking forward to implementing for the success of the business. The key features include; defining the problem, developing the alternatives, determining the course of action, selecting the best option to provide a solution, and then executing the chosen alternative. Alibaba group is among the companies, which employ the design thinking approaches to arrive at various innovative ideas. The Alibaba group is interested in strategic business…
21 Apr