Design Thinking for Innovation – Assignment 

 Storytelling – Reflection ; 

 Challenge & Selection 

 Storytelling in a tool that I use for in order to communicate with the stakeholders of the business that I am   involved in – corporate banking . This tool proves to be extremely efficient when interacting with high level/   top management of various companies . It is always a challenge to transmit a clear and unequivocally   message in a negotiation with a CEO or CFO that has very little time and becomes bored very easily in   case too many details are part of a discussion . Corporate banking involves a lot of technical details   ( financial , economical , regulatory etc . )   important for any decision or recommendation . 

 Accordingly , identifying the right tool of communication , in this case the right story is highly important for   the effectiveness of a business meeting . As it was mentioned in Week 3 Storytelling movie , a story needs   to be logic and emotional and at the same time is mandatory also to solve the problem . Selecting the   optimum story for each context needs preparation and knowing very well you counterpart/ audience . 

 Application 

 When I met the CEO of a company that had financial difficulties and needed to restructure its debt in   order to create the context for an improvement of the business cash flow .   In this situation I needed a tool   in order to be persuasive but also generate a positive emotion and constructive approach . Having a long   time experience in different situations with companies form the same filed ( agricultural farming ) I selected   I story that was about a case happened a few years ago in a different country but with similar   characteristics . I started by underling the similar aspects between the companies and their challenges .   Since emotion is very important for a story telling strategy , the presented similar aspects were not only   related to financial position but also to the human aspect like the dilemmas that the management of the   peer company had with regards the performance of their teams / employees . 

 The story included a clear sequence of events that influenced the destiny of the peer company starting   from the   appearance of the financial difficulties and then measures taken together with the stakeholders   including banks , decision process and solution implementation . I stressed the impact of the implemented   solution since the larger purpose of the current restructuring phase was the following :   in a certain time   frame the business can stabilize and create value for its customers and shareholders . 

 Insight 

 The outcome of the meeting was that the CEO agreed with the proposed restructuring plan while we   remained in very good relationship . 

 Using this tool in a tense situation focuses the discussion as well as the people involved to a more   collaborative approach . Focusing only on hard facts and figures without describing the context can have a   negative impact upon the perception of you counterparty . Storytelling makes communication to have an   emotional approach . Having in mind that people easily remember emotions , the above mentioned   situation revealed a benefit of such a communication strategy . 

 Approach 

 I strongly believe in the power of storytelling in business environment . Business is done with “ flash and   blood “ counterparties and using a communication method that allows easy message decoding is always   recommend . At the same time , successful utilization of storytelling tool means to select the right story for   each context . 


EMAIL: 
ID_NUM: 
NAME_STUDENT: 
PHONE_NUM: 
STREET_ADDRESS: 
URL_PERSONAL: 
USERNAME: 

### Task: You are a PII (Personal Identity Information) Detection. Given a essays written by students, you have to identify ONLY the following:
NAME_STUDENT - The full or partial name of a student that is not necessarily the author of the essay. This excludes instructors, authors, and other person names.
EMAIL - A student’s email address.
USERNAME - A student's username on any platform.
ID_NUM - A number or sequence of characters that could be used to identify a student, such as a student ID or a social security number.
PHONE_NUM - A phone number associated with a student.
URL_PERSONAL - A URL that might be used to identify a student.
STREET_ADDRESS - A full or partial street address that is associated with the student, such as their home address.
### Input: Design Thinking for Innovation – Assignment 

 Storytelling – Reflection ; 

 Challenge & Selection 

 Storytelling in a tool that I use for in order to communicate with the stakeholders of the business that I am   involved in – corporate banking . This tool proves to be extremely efficient when interacting with high level/   top management of various companies . It is always a challenge to transmit a clear and unequivocally   message in a negotiation with a CEO or CFO that has very little time and becomes bored very easily in   case too many details are part of a discussion . Corporate banking involves a lot of technical details   ( financial , economical , regulatory etc . )   important for any decision or recommendation . 

 Accordingly , identifying the right tool of communication , in this case the right story is highly important for   the effectiveness of a business meeting . As it was mentioned in Week 3 Storytelling movie , a story needs   to be logic and emotional and at the same time is mandatory also to solve the problem . Selecting the   optimum story for each context needs preparation and knowing very well you counterpart/ audience . 

 Application 

 When I met the CEO of a company that had financial difficulties and needed to restructure its debt in   order to create the context for an improvement of the business cash flow .   In this situation I needed a tool   in order to be persuasive but also generate a positive emotion and constructive approach . Having a long   time experience in different situations with companies form the same filed ( agricultural farming ) I selected   I story that was about a case happened a few years ago in a different country but with similar   characteristics . I started by underling the similar aspects between the companies and their challenges .   Since emotion is very important for a story telling strategy , the presented similar aspects were not only   related to financial position but also to the human aspect like the dilemmas that the management of the   peer company had with regards the performance of their teams / employees . 

 The story included a clear sequence of events that influenced the destiny of the peer company starting   from the   appearance of the financial difficulties and then measures taken together with the stakeholders   including banks , decision process and solution implementation . I stressed the impact of the implemented   solution since the larger purpose of the current restructuring phase was the following :   in a certain time   frame the business can stabilize and create value for its customers and shareholders . 

 Insight 

 The outcome of the meeting was that the CEO agreed with the proposed restructuring plan while we   remained in very good relationship . 

 Using this tool in a tense situation focuses the discussion as well as the people involved to a more   collaborative approach . Focusing only on hard facts and figures without describing the context can have a   negative impact upon the perception of you counterparty . Storytelling makes communication to have an   emotional approach . Having in mind that people easily remember emotions , the above mentioned   situation revealed a benefit of such a communication strategy . 

 Approach 

 I strongly believe in the power of storytelling in business environment . Business is done with “ flash and   blood “ counterparties and using a communication method that allows easy message decoding is always   recommend . At the same time , successful utilization of storytelling tool means to select the right story for   each context .
### Output: 