The document discusses customer discovery, which involves testing hypotheses about customers, problems, and solutions. It describes the four phases of customer discovery: authoring hypotheses, testing the problem hypothesis, testing the product hypothesis, and iterating or exiting. The goal is to stop selling and start listening to customers to test whether there is a problem and whether the product concept solves it before significant resources are invested.
Slide show for presentation given at 2005 Project of the Year Award. Demonstrating techniques and tools employed by the project, iNSIST, that won the award.
Building a Sustainable Innovation from Scratch by Amanda Smeller of AdvancePi...CincyInnovates
Amanda shares how she started from scratch to create both an innovation program and a consumer insights department at AdvancePierre Foods. Her challenge was to build a methodical, repeatable process that included consumer insights at every step of the way while dealing with time, budget and risk constraints. She will describe the scrapes and bruises and more importantly the wins the company achieved along the away. Amanda will discuss the importance of creating a culture that fosters innovation and consumer insights and educating internal customers in order to successfully implement an innovation program. She will also talk about the criticalness of making certain that the new process builds value into each step from idea generation to launch into the marketplace.
Slide show for presentation given at 2005 Project of the Year Award. Demonstrating techniques and tools employed by the project, iNSIST, that won the award.
Building a Sustainable Innovation from Scratch by Amanda Smeller of AdvancePi...CincyInnovates
Amanda shares how she started from scratch to create both an innovation program and a consumer insights department at AdvancePierre Foods. Her challenge was to build a methodical, repeatable process that included consumer insights at every step of the way while dealing with time, budget and risk constraints. She will describe the scrapes and bruises and more importantly the wins the company achieved along the away. Amanda will discuss the importance of creating a culture that fosters innovation and consumer insights and educating internal customers in order to successfully implement an innovation program. She will also talk about the criticalness of making certain that the new process builds value into each step from idea generation to launch into the marketplace.
Tier II and III cities in India are becoming specialized business processing outsourcing hubs. Some cities are being looked at as specific clusters to be developed to service different industry verticals.
How To Conduct a Market Analysis - SD Forum's Crafting A Fundable Roadmap For...Steve Tennant
How to conduct market analysis - a roadmap for startups. Presented at Software Development Forum March 31, 2009. Steve Tennant, Tennant Consulting, www.tennantconsulting.com. Tip of the hat to Scott Schwertly from Ethos3 Communications for "Meet ____" presentation format.
Product management in an era of disruptive innovation Nagarjun Kandukuru
[Made at SP Jain, Mumbai. Aug 2012]
We live in an era of massive disruptive innovation. More than at any other time in history of industry, we are witness to the massive upheaval of established incumbents – and their replacement by aggressive upstarts. Depending on your point of view this sea change provides massive opportunity – or a terrifying existential threat.
This new reality places substantial burdens on managers. Historical tools of product management are obsolete – and there is an attendant critical need for new practices.
Product management doctrine was based on a core principle best described as “Big up-front design”. The assumption was of a predictable future that could be analyzed – and planned for. Emphasis in this paradigm was on executing according to the plan. However, an analysis of the historical success rates for new business innovation has demonstrated that this process has been, at best, an abysmal failure.
New practices have emerged to enable product managers to adjust to a world of uncertainty. These are based on the premise of fast response to change rather than big up-front planning. They are predicated on documenting business models and conducting focused experiments to validate key assumptions. New practices and concepts have emerged: Customer Development, Business Model Canvas, Lean Startup, and Minimum Viable Product.
In this presentation, we introduce these new concepts – and describe how they can be integrated into new practices of product management that are effective in dynamic and disruptive environments. We provide an overview of the structure and application of these practices and their associated tools.
Workshop at TiE Bangalore.
Whenever a business is established, it either explicitly or implicitly employs a particular business model that describes the architecture of the value creation, delivery, and capture mechanisms employed by the business enterprise. The essence of a business model is that it defines the manner by which the business enterprise delivers value to customers, entices customers to pay for value, and converts those payments to profit: it thus reflects management's hypothesis about what customers want, how they want it, and how an enterprise can organize to best meet those needs, get paid for doing so, and make a profit.
This workshop will help entrepreneurs identify and validate their business model - which is a basis for a sound business plan. It will combine theoretical inputs with hands-on work, enabling experiential learning and validation of concepts introduced.
Concepts such as "Business Model Canvas" and "Minimum Viable Product / Service" will be explored. And participants will have an opportunity to use these techniques in developing and evolving their own business concepts.
If you are an entrepreneur looking at validating your business idea, or looking at scaling your business you could gain from this workshop. Also if you are a manager managing a business in an enterprise and want to expand or diversify you will have many take away's for your need.
Take away's from the workshop:
Development of an initial business model
Understanding of what constitutes the "Minimum Viable Product / Service" for the business
Validation / refinement of the business model with actual customer feedback
Develop foundation for a sound business plan.
The Customer Development Game (@ Lean Startup Group London)Adrian Howard
Decidedly beta- and non-final version of a talk on Customer Development given at the May 17th Lean Startup Group / Agile UX meetup in London.
Final version will form part of the Customer Development Game session at Agile 2011 in August at Salt Lake City.
Value Proposition for scientific inventiontakehill2013
Seminar about "value proposition for scientific invention" for Federal Lab researchers at NIST. The primary purpose of this presentation was really not to turn NIST scientists to entrepreneurs, but rather build awareness of entrepreneur thinking and commercial language, when transferring scientific inventions from Lab to Market.
Cómo crear productos que no sean una porqueria feb 28 2013CompellingPM
Slides from the Software Guru Virtual Conference - presented on Feb 28, 2013. Most start-up companies begin with what they think is a brilliant idea and they immediately jump to building the product, and most of these products are crap. Even established companies sit around conference rooms dreaming of the next great product and end up wondering why their products also crap.
Creating innovative products that result in market breakthrough requires a process of multiple iterations of discovery that drive you deeper into understanding the market problems and how to solve them with a differentiated solution. Breakthrough products are based upon solving a significant Market Problem with a Product and Business Model that create a competitive advantage and a Market Strategy that motivates buyers to purchases your product.
In this session, you will learn this iterative discovery process that leads to breakthrough products and how to apply it to your own products (in startups as well as big enterprises).
10 steps to product market fit - Ash MauryaStartupfest
Once you launch your MVP, the feedback starts rolling in. While listening to your customers is key, you have to know how. In this session, Ash Maurya will explain why simply listening to customer feedback or relying on metrics is NOT enough. He’ll outline a 10 step process for iterating your product to market fit.
RMD24 | Debunking the non-endemic revenue myth Marvin Vacquier Droop | First ...BBPMedia1
Marvin neemt je in deze presentatie mee in de voordelen van non-endemic advertising op retail media netwerken. Hij brengt ook de uitdagingen in beeld die de markt op dit moment heeft op het gebied van retail media voor niet-leveranciers.
Retail media wordt gezien als het nieuwe advertising-medium en ook mediabureaus richten massaal retail media-afdelingen op. Merken die niet in de betreffende winkel liggen staan ook nog niet in de rij om op de retail media netwerken te adverteren. Marvin belicht de uitdagingen die er zijn om echt aansluiting te vinden op die markt van non-endemic advertising.
Premium MEAN Stack Development Solutions for Modern BusinessesSynapseIndia
Stay ahead of the curve with our premium MEAN Stack Development Solutions. Our expert developers utilize MongoDB, Express.js, AngularJS, and Node.js to create modern and responsive web applications. Trust us for cutting-edge solutions that drive your business growth and success.
Know more: https://www.synapseindia.com/technology/mean-stack-development-company.html
Business Valuation Principles for EntrepreneursBen Wann
This insightful presentation is designed to equip entrepreneurs with the essential knowledge and tools needed to accurately value their businesses. Understanding business valuation is crucial for making informed decisions, whether you're seeking investment, planning to sell, or simply want to gauge your company's worth.
Cracking the Workplace Discipline Code Main.pptxWorkforce Group
Cultivating and maintaining discipline within teams is a critical differentiator for successful organisations.
Forward-thinking leaders and business managers understand the impact that discipline has on organisational success. A disciplined workforce operates with clarity, focus, and a shared understanding of expectations, ultimately driving better results, optimising productivity, and facilitating seamless collaboration.
Although discipline is not a one-size-fits-all approach, it can help create a work environment that encourages personal growth and accountability rather than solely relying on punitive measures.
In this deck, you will learn the significance of workplace discipline for organisational success. You’ll also learn
• Four (4) workplace discipline methods you should consider
• The best and most practical approach to implementing workplace discipline.
• Three (3) key tips to maintain a disciplined workplace.
Improving profitability for small businessBen Wann
In this comprehensive presentation, we will explore strategies and practical tips for enhancing profitability in small businesses. Tailored to meet the unique challenges faced by small enterprises, this session covers various aspects that directly impact the bottom line. Attendees will learn how to optimize operational efficiency, manage expenses, and increase revenue through innovative marketing and customer engagement techniques.
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Recruiting in the Digital Age: A Social Media MasterclassLuanWise
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3.0 Project 2_ Developing My Brand Identity Kit.pptxtanyjahb
A personal brand exploration presentation summarizes an individual's unique qualities and goals, covering strengths, values, passions, and target audience. It helps individuals understand what makes them stand out, their desired image, and how they aim to achieve it.
Personal Brand Statement:
As an Army veteran dedicated to lifelong learning, I bring a disciplined, strategic mindset to my pursuits. I am constantly expanding my knowledge to innovate and lead effectively. My journey is driven by a commitment to excellence, and to make a meaningful impact in the world.
VAT Registration Outlined In UAE: Benefits and Requirementsuae taxgpt
Vat Registration is a legal obligation for businesses meeting the threshold requirement, helping companies avoid fines and ramifications. Contact now!
https://viralsocialtrends.com/vat-registration-outlined-in-uae/
The world of search engine optimization (SEO) is buzzing with discussions after Google confirmed that around 2,500 leaked internal documents related to its Search feature are indeed authentic. The revelation has sparked significant concerns within the SEO community. The leaked documents were initially reported by SEO experts Rand Fishkin and Mike King, igniting widespread analysis and discourse. For More Info:- https://news.arihantwebtech.com/search-disrupted-googles-leaked-documents-rock-the-seo-world/
Putting the SPARK into Virtual Training.pptxCynthia Clay
This 60-minute webinar, sponsored by Adobe, was delivered for the Training Mag Network. It explored the five elements of SPARK: Storytelling, Purpose, Action, Relationships, and Kudos. Knowing how to tell a well-structured story is key to building long-term memory. Stating a clear purpose that doesn't take away from the discovery learning process is critical. Ensuring that people move from theory to practical application is imperative. Creating strong social learning is the key to commitment and engagement. Validating and affirming participants' comments is the way to create a positive learning environment.
1. Discovery = Hypothesis Testing
What are Hypothesis?
Where do Hypothesis come from?
Why Test them?
How do you test them?
MBA295-F Customer Development in the High-Tech Enterprise Spring 2009
2. Customer Discovery: Step 1
Customer Customer Customer Company
Discovery Validation Creation Building
Existing Market: 1 Month – 1 Year
Resegmenting a Market: 6 Months – 3 Years
New Market: 1 Year – 3 Years
MBA295-F Customer Development in the High-Tech Enterprise Spring 2009
3. Customer Discovery: Step 1
Customer Customer Customer Company
Discovery Validation Creation Building
Existing : 1-6 Months
Resegmenting: 3-12 Months
New: 1-2 Years
MBA295-F Customer Development in the High-Tech Enterprise Spring 2009
4. Customer Discovery: Step 1
Customer Customer Customer Company
Discovery Validation Creation Building
Stop selling, start listening
Test your hypotheses
Two are fundamental: problem and product concept
MBA295-F Customer Development in the High-Tech Enterprise Spring 2009
5. Customer Discovery
Customer Phase 3 Phase 4
Discovery Test Verify, Iterate &
Product Expand
Hypothesis
To Validation
Phase 1
Phase 2 Author
Test Hypothesis
Problem
Hypothesis
MBA295-F Customer Development in the High-Tech Enterprise Spring 2009
6. Customer Discovery
Hypotheses
Product Customer Distribution Demand Market Type Competitive
Hypothesis & Problem & Pricing Creation Hypothesis Hypothesis
Hypothesis Hypothesis Hypothesis
Test “Problem” Hypothesis
Friendly “Problem” Customer Market
First Contacts Presentation Understanding Knowledge
Test “Product” Hypothesis
First Reality “Product” Yet More Second
Check Presentation Customer Reality Check
Visits
Verify
Verify the Verify the Verify the Iterate or
Product Problem Business Exit
MBA295-F Customer Development in the High-Tech Enterprise
Model Spring 2009
7. Customer Discovery
Hypotheses
Product
Hypothesis Inside the Building
Customer
& Problem
Hypothesis
Distribution
& Pricing
Hypothesis
Demand
Creation
Hypothesis
Market Type
Hypothesis
Competitive
Hypothesis
Test “Problem”
Friendly
First Contacts
Hypothesis
“Problem”
Presentation
Customer
Understanding
Market
Knowledge
Outside the Building
Test “Product” Hypothesis
First Reality “Product” Yet More Second
Check Presentation Customer Reality Check
Verify Visits
Verify the Verify the Verify the Iterate or
Product Problem Business Exit
MBA295-F Customer Development in the High-Tech Enterprise
Model Spring 2009
8. Phase 1: Author Hypothesis
Phase 3
Product
Phase 4
Iterate &
One-time writing exercise
Concept Expand
Testing All other time spent in
front of customers
Phase 1 Assumes you’re smart but
Phase 2
Test Author guessing
Problem
Hypothesis Hypothesis
MBA295-F Customer Development in the High-Tech Enterprise Spring 2009
9. Hypothesis
Product
Customer/Problem
Distribution/Pricing
Demand Creation
Market Type
Competition
Product Customer Distribution Demand Market Type Competitive
Hypothesis & Problem & Pricing Creation Hypothesis Hypothesis
Hypothesis Hypothesis Hypothesis
MBA295-F Customer Development in the High-Tech Enterprise Spring 2009
10. Product Hypotheses
Features
Benefits
Product Delivery Schedule
Intellectual Property
Total Cost of Ownership
Dependency Analysis
MBA295-F Customer Development in the High-Tech Enterprise Spring 2009
11. Customer/Problem Hypotheses
Types of Customers/Archetypes
Magnitude of the problem
Visionaries
A Day in the Life of a customer
Organizational impact
ROI Justification
Problem Recognition
Minimum Feature Set
MBA295-F Customer Development in the High-Tech Enterprise Spring 2009
12. Distribution/ Pricing Hypotheses
Distribution Model
Distribution Diagram
Sales Cycle/Ramp
Channel strategy
Pricing (ASP, LTV)
Customer Organization Map
Demand Creation
MBA295-F Customer Development in the High-Tech Enterprise Spring 2009
13. Demand Creation Hypotheses
How do competitors create demand?
How will you?
Dave McClure’s AARGH model
Who are influencers/recommendors?
Key trade shows?
Key trends?
Start assembling advisory board
MBA295-F Customer Development in the High-Tech Enterprise Spring 2009
14. Type of Market Hypotheses
Positioning and Differentiation
Existing Market
The product is the basis of competition
New Market
Creating the market is the basis of competition
Redefine Existing Market
Resegment the existing market is the basis of
competition
MBA295-F Customer Development in the High-Tech Enterprise Spring 2009
15. Competition Hypotheses
Who is out there?
Why are they important?
How do customers use them today?
What don’t customers like about them?
MBA295-F Customer Development in the High-Tech Enterprise Spring 2009