How a well-defined problem is crucial for unlocking innovation

In this episode of Decoding Innovation, Sheena Iyengar, author and professor, discusses the significance of making meaningful choices in a world of possibilities.

Our choices shape everything from daily routines to long-term aspirations. They impact not only individual outcomes, but also the broader societal landscape. As we navigate a world brimming with choices, understanding the dynamics of choice is essential for personal growth and societal progress.

Sheena Iyengar, a professor and author, brings a unique perspective to the study of choice. As a blind daughter of Indian immigrants, Sheena's bicultural upbringing exposed her to contrasting narratives of choice. Her award-winning research has shed light on how different cultures perceive choice and its role in civilization. Sheena's work emphasizes that while choice is innate to our desire for freedom, the ability to choose effectively is a learned skill.

The episode delves into the transformative power of choice, and explores the concept of "Think Bigger," a methodology based on neuro and cognitive science that empowers individuals to create meaningful choices. It also introduces the generative AI (GenAI) tool designed by Sheena and her team to assist in the decision-making process, making the art of choosing more accessible and intuitive. 

Key takeaways:

•    Choice distinguishes us from other species and helps us improve our lives and shape a better world.

•    The abundance of choices may initially attract people, but it often leads to frustration, anxiety and decision avoidance.

•    Exploring solutions from different sectors and historical contexts enhances the decision-making process. This out-of-the-box approach can help build innovative solutions.

The Decoding Innovation podcast series is a limited production of the EY-Nottingham Spirk Innovation Hub, based in Cleveland, Ohio. For more information, visit our website at https://ey.com/decodinginnovation. If you enjoyed this podcast, please subscribe, leave a review wherever you get your podcasts and be sure to spread the word!