Purpose – In the current competitive scenario, innovative thinking is a fundamental addition to traditional business thinking. Increasingly organizations have to face unstable and unclear scenarios and to undertake challenges, that sometimes are so complex that organizations can’t just dive in. In such scenario, rather than identifying right answers or wrong answers, the goal should be exploring multiple possibilities, not relying on past experiences and known facts and consider ambiguity an opportunity. In other terms it is appropriate to ponder and approach the situations in an unconventional way using innovative thinking. The paper analyses the use of projective techniques as tool for stimulating innovative thinking in organization. These techniques are generally used in the field of psychotherapy, forensic and market research. However they can be advantageously used in business and can pave the way to bring more innovation into organization. Design/methodology/approach – This research is based on a case study carried out at a research marketing company which uses projective techniques as a tool to support, lead and develop innovative thinking. The research was conducted in two main phases. In the first phase we analyzed literature on projective techniques, putting particular attention on their use in practice. Then, attending a series of focus groups and interviews we examined the employ of the techniques in the investigated company. Finally, combining the gained theoretical and practical insights we designed a matrix tool for helping users of projective techniques in various phases of the business life cycle. Originality/value – This paper represents one of the first attempts to investigate at practical level, the application of projective techniques in a business landscape. Specifically, it shows how the projective techniques can be applied at various stages of the company’s life cycle: from initial idea generation up to the change management stage. Practical implications – In today’s business landscape, organizations need to identify new approaches for developing creativity and innovation. Projective techniques can be deployed as effective tools to develop the innovative thinking of management and employees and as an approach to capture insights from customers. The paper suggests insights on the practice use of projective techniques and provides a matrix to guide the application of the techniques in company’s life cycle.