Tag Archives: Business Design

Business Design: A Human Centered Approach to Problem Solving

Stephanie Grimbly is a current Rotman Morning MBA student. In this 2-part blog series, she shares her experiences in the Business Design Accelerator Series at Rotman.

Stephanie Grimbly, Rotman MBA '19

Stephanie Grimbly, MBA ’19, Channel Account Manager, Avaya

After many months contemplating exactly what it was that I was looking for in an MBA program I had an “ah-ha” moment when I discovered Rotman’s Business Design major. The concept of Business Design checked a lot of boxes for me in terms of the kind of work I wanted to get involved in – creative problem solving of complex issues – and therefore the kind of knowledge and skills I wanted to bone-up on via an MBA. I already knew I enjoyed the process of brainstorming and “ideation”.

Now two semesters into the program, I’m very pleased to report that my expectations of what the Rotman Morning MBA program would offer have been exceeded. My favorite aspect of the program is The Business Design Accelerator Series offered by Rotman’s DesignWorks.

Rotman DesignWorks


Designed for, and offered to MBA candidates who work full-time, the Business Design Accelerator Series is exactly the kind of extra-curricular opportunity an MBA student hopes to take advantage of while in school.


This six-part series is a step-by-step introduction to Business Design principles and tools (quite literally the building blocks of the problem-solving framework I was looking for!) The idea behind the series is that participants walk away with a better understanding of what Business Design is, and the value it can offer any professional looking to get creative and innovate at work. The absolute best part of this series is that, as working professionals, participants can immediately apply some of these principles and tools to the work they do today.


One of the primary reasons I decided to do a part-time MBA instead of full-time was I valued the opportunity to immediately apply what I was learning at school in my full-time job.


And this is exactly my intention for the strategies, exercises and protocols introduced during the Accelerator Series – to apply them in my current job!

Regardless of role, responsibilities or industry, Business Design Theory is inherently valuable to the individuals and teams who leverage it because it is a multi-dimensional problem solving methodology. When the problem is too complex, unprecedented or is actually the amalgamation of many smaller, intertwined issues, the most prudent approach to tackling that problem is not with broad strokes in management style, organizational structure, financial finessing or economic intervention – at least not right away. Instead, it begins with a thorough investigation into the factors that make up the problem, a systematic breakdown of primary factors into the human needs and emotions that perpetuate them followed by rapid iteration of many possible resolutions and, finally, a critical evaluation of each prototype to assess its viability.

The bottom line is that complex, unprecedented problems demand intricate investigation, creative consideration and deliberate solutions.


Stay tuned for part two of Stephanie’s blog posts on the Rotman DesignWorks Business Design Accelerator Series. Interested in exploring the Morning MBA at Rotman? Contact us to learn more!

An MBA post-mortem from a real estate guy

Brandon Donnelly is a real estate developer, internet entrepreneur, blogger and Rotman MBA alumnus.

As a recent graduate of Rotman’s Morning MBA program (and presumably because somebody over there reads my blog), I was asked to write a guest post for their MBA blog. More specifically, I was asked to share my thoughts on the real estate industry and on my time at Rotman. And since I haven’t really done a post like this before, I thought it would be worthwhile to do.

My city pt 2 by JR F

But before I begin, I think it’s important to explain a bit about my background and my motivations for doing an MBA in the first place. Before going to Rotman, my first master’s degree was in architecture and real estate from the University of Pennsylvania. Basically it was a Master of Architecture combined with their MBA real estate concentration. So it included everything from real estate finance to real estate development.

Having already done this 3-year program, there were a couple of things I wanted out of an MBA program. First of all, I wasn’t prepared to go full-time. Five years out of the workforce was simply too high of an opportunity cost for me and so part-time was all I considered. I also only applied to Rotman because I didn’t want to waste anytime traveling outside of the city (or to other parts of the city). I also saw Rotman as a rising star and one of, if not the, best option in Canada.

At the same time, I didn’t give much thought to the real estate curriculum being offered even though I fully planned to stay working in the real estate industry. I felt like I already had that sort of formal training and so, unlike some of my classmates who were looking to switch into real estate, I was after something else. I ended up majoring in Innovation & Entrepreneurship.

What I was trying to do was really round out my skillset and fill in some of the missing holes: accounting, marketing, and so on. But even more importantly, I had drunk the kool-aid around Rotman’s focus on integrative thinking (renamed “business problem solving”) and “design thinking”. And since there will always be a part of me that thinks of itself as a designer, it seemed like the perfect program for me.

Because at the end of the day, it’s not that hard to learn how to create a real estate development pro forma or calculate your expected exit cap rate on some piece of real estate. That stuff is all fairly mechanical. It might seem quite mythical when you don’t know how to do it, but once you do, you quickly realize that a financial model is only as good as the assumptions you put in. As we’re told in school, garbage in = garbage out.

The real value gets created in the assumptions. It’s created in the way you think about the market, your product, and your customers. And a lot of the time, the most value is created when you know or believe something that nobody else believes to be true. If you’re a lemming, you’re going to get lemming like returns and outcomes. So in a lot of ways, I went to Rotman to help me think better and think differently.

In some industries, resting on your laurels can kill you in a relatively short period of time. See Blackberry. Real estate, on the other hand, is generally a bit slower moving. But that doesn’t mean that change doesn’t happen and that there isn’t room for loads of innovation.

Just look at the Toronto of today versus the Toronto of 10-15 years ago. We’ve transformed ourselves into a city of high-rises where more and more people now want to live in the core of the city. This has brought commercial landlords back to the city center so that employers have downtown office space to attract the best human capital (see South Core) and it’s brought suburban retailers into the core to sell to these same urbanites. We’re seeing a complete reversal of the trends experienced with the last generation.

Amidst all of this, I’ve been noticing a growing awareness and passion around cities. My blog Architect This City started as a forum for architects, planners, and developers, but it has grown into a community of thousands of people who simply love cities. They’re passionate about everything from architecture to grade-separated bike lanes (as geeky as that probably sounds).

So I think that it’s not only the real estate market that’s changing, but also the professions involved with it. I’ve written a lot about the future of the architecture profession because I think we’re starting to see the emergence of new business models. Architects are becoming developers and developers are starting to become much more heavily involved in the shaping of the communities in which they build. Which is why in many ways, I think of my self as a city builder more than anything else.

Finally, to make matters even more complicated, technology is starting to have a huge impact on the business. Zillow.com just bought Trulia.com for $3.5 billion to form a portal that will now serve around 1/4 of the online US residential market. And Opendoor.com is getting ready to launch a product that seems entirely poised to disrupt the way homes are bought and sold in America.

So what I’m getting at is that there’s absolutely no guarantee that the way we used to do something, is the way we’re going to continue doing it. In fact, I operate under the assumption that everything can and will be changed by somebody at some point. And if this is the way you approach things, then it should become abundantly clear to you that being able think critically is going to be one of your most important assets.

When I was just starting at Rotman, I met for lunch with an upper year classmate who told me that one of the best things he’s taken away from the program is the ability to think about the way he thinks. That may sound silly to some, but in our uncertain world, it’s actually a great skill to have.

Image: Flickr