Which of the following best describes Design Thinking?

Design Thinking is best described as a human-centered approach to innovation that employs various design tools and methodology. It emphasizes understanding users' needs and experiences, which leads to the development of solutions that are both viable and relevant. By focusing on empathy with end-users and iterative prototyping, Design Thinking encourages collaboration and creativity, allowing teams to explore a wide range of solutions before arriving at the best one.

Other choices do not accurately reflect the essence of Design Thinking. For instance, a focus on financial metrics in innovation processes pertains to traditional business analysis rather than the empathetic and user-focused methodology that defines Design Thinking. Analyzing business competitors is a strategic exercise often associated with competitive analysis but does not involve the creativity and user-focused principles at the core of Design Thinking. Lastly, improving organizational hierarchies relates more to organizational structure and management practices, which is distinct from the innovative and participatory nature of Design Thinking.