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Understand
Stage 1


 Key Facts & Data:
 What are the main facts, figures, statistics, data points and background information of relevance here?




                                                                                                                 Challenges
                                                                                                                Break down the overall challenge into
 Insights (Research/Observe)                                                                                   different problem areas (sub-challenges),
 List below anything you have researched or observed which may be useful in understanding the case?                write one sub-challenge per circle.
 Consider environmental, technology and business trends. Can you think of success or failure stories in this
 space?
Identify
Stage 2 - Template 1 out of 3                                                       Your main user segment




                                                                                                                         List all your user’s problems


                                                      Users
                                                                                                                         – be very specific (when, how, where)




                                              Based on the sub-challenges from
                                                stage 1 - list the different user
                                               segments you’ve identified, one
                                                   user segment per circle.




                                                                                                                  Problem
 New insights about your user
                                                                                                                 areas for
 Data points from expert interviews and online research.                                                     your user segment
Problem selection                                How often does the user experience




                                High Frequency
                                                            the problem

Stage 2 - Template 2 out of 3




 Low importance                                                                       High importance

  How big is this problem for
         the user?




                                Low Frequency
Problem description
Stage 2 - Template 3 out of 3

 User
 Describe your final user segment and why you have chosen to focus on this user.




 Problem
 Give a brief description of the core problem and make a list of other related sub-problems.




 Problem statement
 Formulate one very precise sentense that summerizes exactly the problem you want to solve.




How can we help your specific user segment solve X specific problem

   Example: How can we help seniors with Alzheimer’s who live in a nursing home and can’t find their way home if they go out of the building alone?
   Example: How can we help students (age 12-15) from low-income families who live in rural villages in South India to get a better education?
Idea selection
                                                                      How does your product or service differ




                                           High level of uniqueness
                                                                      from competing products and services?

Stage 4 - Template 1 out of 2
Unique but not valuable                                                                                         Unique and valuable
- you’ll own a market that doesn’t exist                                                                        - this is where you make money and history




  Low value                                                                                                                                     High value

  How big is the problem for the user?




                                           Low level of uniqueness




  Not unique and not valuable                                                                                                  Valuable but not unique
  - you’re a bozo                                                                                                              - you’ll have to compete on price
Idea description
Stage 4 - Template 2 out of 2
 Problem                                                                    Solution                                                                               User
 What problem are you trying to solve? What user need are you satisfying?   What is your idea and how does it work? What is the core functionality of your         Who are you helping with your solution? Who is the most important user?
                                                                            idea? What is your unique value proposition to the user? How will you market
                                                                            your solution and reach the user?




                                                                                                                                                                   Competition
                                                                                                                                                                   What are the alternative solutions to the problem? Who offers these solution?
                                                                                                                                                                   How will you beat the competitors?




 Costs                                                                                                                   Revenue
 What will it cost to develop your solution?                                                                             How are you going to make money? Who pays? How much will they pay? How do they pay (one-time fee/ongoing
 What are the ongoing fixed + variable costs?                                                                            subscription/license..)?
Pitch structure
Stage 5
                                                                                                                                                                                Remember to cover these elements in your pitch:

                                                                                                                                                                                •	   The pain (your understanding of the problem)
                                                                                                                                                                                •	   Market understanding (scalability and impact potential)
                                                                                                                                                                                •	   The idea (technology and value proposition for the user)
                                                                                                                                                                                •	   Feasibillity (implementation readiness, business model/funding model)
                                                                                                                                                                                •	   Uniqueness (how innovative is the idea?)




                                                                                                                                                                                                           Flick of the tail

          Bite into the viewer
                                                                                               A few tips...
                                                                              Fill the belly
                                                                                               •	   Speak loud and clear, and not too fast
                                                                                               •	   Look at the audience (not the at the slides)
                                                                                               •	   Use positive body language
                                                                                               •	   Use humor (when appropriate)
                                                                                               •	   Stay within the time limit (3 minutes)
  Intro                                                                                        •	   Do not put too much text on your slides                                                Closing
                                                                                               •	   Do not panic if you make a mistake just take a deep breath and start over


                                 Content
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                                                              mplate   might be us
                                                 scription te
                                 (Psst... idea de

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The process

  • 1. Understand Stage 1 Key Facts & Data: What are the main facts, figures, statistics, data points and background information of relevance here? Challenges Break down the overall challenge into Insights (Research/Observe) different problem areas (sub-challenges), List below anything you have researched or observed which may be useful in understanding the case? write one sub-challenge per circle. Consider environmental, technology and business trends. Can you think of success or failure stories in this space?
  • 2. Identify Stage 2 - Template 1 out of 3 Your main user segment List all your user’s problems Users – be very specific (when, how, where) Based on the sub-challenges from stage 1 - list the different user segments you’ve identified, one user segment per circle. Problem New insights about your user areas for Data points from expert interviews and online research. your user segment
  • 3. Problem selection How often does the user experience High Frequency the problem Stage 2 - Template 2 out of 3 Low importance High importance How big is this problem for the user? Low Frequency
  • 4. Problem description Stage 2 - Template 3 out of 3 User Describe your final user segment and why you have chosen to focus on this user. Problem Give a brief description of the core problem and make a list of other related sub-problems. Problem statement Formulate one very precise sentense that summerizes exactly the problem you want to solve. How can we help your specific user segment solve X specific problem Example: How can we help seniors with Alzheimer’s who live in a nursing home and can’t find their way home if they go out of the building alone? Example: How can we help students (age 12-15) from low-income families who live in rural villages in South India to get a better education?
  • 5. Idea selection How does your product or service differ High level of uniqueness from competing products and services? Stage 4 - Template 1 out of 2 Unique but not valuable Unique and valuable - you’ll own a market that doesn’t exist - this is where you make money and history Low value High value How big is the problem for the user? Low level of uniqueness Not unique and not valuable Valuable but not unique - you’re a bozo - you’ll have to compete on price
  • 6. Idea description Stage 4 - Template 2 out of 2 Problem Solution User What problem are you trying to solve? What user need are you satisfying? What is your idea and how does it work? What is the core functionality of your Who are you helping with your solution? Who is the most important user? idea? What is your unique value proposition to the user? How will you market your solution and reach the user? Competition What are the alternative solutions to the problem? Who offers these solution? How will you beat the competitors? Costs Revenue What will it cost to develop your solution? How are you going to make money? Who pays? How much will they pay? How do they pay (one-time fee/ongoing What are the ongoing fixed + variable costs? subscription/license..)?
  • 7. Pitch structure Stage 5 Remember to cover these elements in your pitch: • The pain (your understanding of the problem) • Market understanding (scalability and impact potential) • The idea (technology and value proposition for the user) • Feasibillity (implementation readiness, business model/funding model) • Uniqueness (how innovative is the idea?) Flick of the tail Bite into the viewer A few tips... Fill the belly • Speak loud and clear, and not too fast • Look at the audience (not the at the slides) • Use positive body language • Use humor (when appropriate) • Stay within the time limit (3 minutes) Intro • Do not put too much text on your slides Closing • Do not panic if you make a mistake just take a deep breath and start over Content eful) mplate might be us scription te (Psst... idea de