How to apply the lean startup approach, MVP, experimenting, testing hypotheses, pivoting, questioning assumptions, learning and failing fast and finding product-market fit within eHealth's regulative markets?
Slides from the talk at BLN CEO Tales by Eric Ries, The Lean Startup, 16th January 2012.
Also includes supporting material including: 'The myths of lean'.
Thanks to DFJ Esprit, TechCity, Brown Rudnick, Fidelity Growth Partners, Microsoft BizSpark, Red Gate and Springboard - for making such an excellent evening possible.
For more information about BLN events in the UK and US: http://thebln.com
A presentation of the search for Product-Market Fit with the principles, practices and processes that lead to it, from the Lean-Startup and Design Thinking perspective
Practical Product Management for new Product ManagersAmarpreet Kalkat
This presentation provides tips and tools for a professional who is new to Product Management function (in software).
It does not cover the full lifecycle of a product and primarily focuses on the product development/product building phase. As such, it is more usable for professionals working on existing products than for those in the process of building new products from scratch.
How to Master Product Management Case Studies by fmr Groupon PMProduct School
Main takeaways
- How does one proceed in an interview when given a product case study to solve
- What are some of the most common case questions to practice
- What hiring managers are looking for when asking candidates to solve a product case
- The importance of a good hypothesis
- Best frameworks that can come in handy
How to apply the lean startup approach, MVP, experimenting, testing hypotheses, pivoting, questioning assumptions, learning and failing fast and finding product-market fit within eHealth's regulative markets?
Slides from the talk at BLN CEO Tales by Eric Ries, The Lean Startup, 16th January 2012.
Also includes supporting material including: 'The myths of lean'.
Thanks to DFJ Esprit, TechCity, Brown Rudnick, Fidelity Growth Partners, Microsoft BizSpark, Red Gate and Springboard - for making such an excellent evening possible.
For more information about BLN events in the UK and US: http://thebln.com
A presentation of the search for Product-Market Fit with the principles, practices and processes that lead to it, from the Lean-Startup and Design Thinking perspective
Practical Product Management for new Product ManagersAmarpreet Kalkat
This presentation provides tips and tools for a professional who is new to Product Management function (in software).
It does not cover the full lifecycle of a product and primarily focuses on the product development/product building phase. As such, it is more usable for professionals working on existing products than for those in the process of building new products from scratch.
How to Master Product Management Case Studies by fmr Groupon PMProduct School
Main takeaways
- How does one proceed in an interview when given a product case study to solve
- What are some of the most common case questions to practice
- What hiring managers are looking for when asking candidates to solve a product case
- The importance of a good hypothesis
- Best frameworks that can come in handy
Proof of Concept: What It Is and How to Do it RightAdRoll
Before you take on the risk and cost of developing an idea into a commercial product, there’s a crucial step that every business must first take. It’s called “proof of concept.” Here’s what it is, why it’s necessary, and how to get started.
Product Management And Service Delivery Process - FlackVentures ExampleKate Pynn
A lifecycle methodology enforces some very important processes that deliver critical value to Service Delivery. Some key contributions are:
Business driven goals (e.g. profit, performance, credible schedules, resource effectiveness….)
Roles and responsibility clarification (e.g. delegation, decision making, optimization….)
Organizational effectiveness (e.g. resource structure for task, enable cross functional efforts….)
Planning enforcement at the beginning before major resources committed
Continuous learning enabled that builds core competency in credible delivery plans.
Product Management by Numbers: Using Metrics To Optimize Your Product by Dan ...Dan Olsen
Best practices in using metrics to optimize your web product. I gave this webinar on Dec 17, 2008, as part of FeaturePlan's series "The Product Management View".
Agile205: Intro to Agile Product ManagementRich Mironov
Product owner is a critical role for agile/scrum teams, as a key stakeholder and representative of users, customers or markets. Commercial software companies have a broader role -- product manager -- responsible for identifying market needs/opportunities, making product-level decisions about offerings/benefits/pricing/packaging/channels/financial goals, and managing sales/customer relationships on behalf of executives. Since products often span multiple scrum teams, some products have a mix of product owners and product managers. We'll introduce product owners, map that against software product managers, and talk through approaches to meet all of the product needs for a market-successful product.
This presentation provides a framework for product managers and C-level executives to discuss and prioritise their product investments. Maintaining a practical focus, it condenses highlights from McKinsey's three horizons model and more recent successors developed by academics at Wharton and MIT.
Product strategy for technology companies is closely related to New Product Development. It starts with a strategic vision which provides answers to questions such as “Where is the business going?”, and “How will it get there? This Technology Multipliers webinar provides a comprehensive overview of product strategy concepts, process, and keys to success for technology companies.
Accelerating Innovation through Portfolio FrameworksSheen Yap
This talk explains how to use a product portfolio approach to drive experimentation for more effective product strategy. Covers setting outcomes, lean value tree, strategic alignment and three horizons.
Some years ago, Eric Ries, Steve Blank and others initiated The Lean Startup movement. The Lean Startup is a movement, an inspiration, a set of principles and practices that any entrepreneur initiating a startup would be well advised to follow.
Projecting myself into it, I think that if I had read Ries' book before, or even better Blank's book, I would maybe own my own company today, around AirXCell or another product, instead of being disgusted and honestly not considering it for the near future.
In addition to giving a pretty important set of principles when it comes to creating and running a startup, The Lean Startup also implies an extended set of Engineering practices, especially software engineering practices.
CloudHealth Technologies is a company where employees are able to challenge themselves and achieve success, while doing something meaningful and having fun at the same time. Less than 4 years ago, CTO and Founder, Joe Kinsella began brainstorming the concept of of a platform, CloudHealth, with nothing more than a laptop and the cloud. Today, CloudHealth Technologies is one of Boston's fastest growing tech companies, delivering the industry's most comprehensive cloud service management platform, as recently recognized by MassTLC as the most innovative cloud technology of the year.
Gain insider knowledge from Joe on how to implement an agile process that takes an initial concept and turns it into a viable technology resulting in dramatic growth and a successful company. In this session, Joe discusses his personal journey, experiential learning, and the related success that comes from a team of passionate employees with a genuine focus on dynamic interactions between groups and departments.
Lean Product Management: The Art of Known UnknownsNatalie Hollier
(This presentation was given at the Lean Strategy + Design Salon meetup in New York: http://www.meetup.com/LeanStrategyPlusDesign/events/200913392/)
"Innovate or die” is the mantra of successful companies. So how can we build innovation into our product development process? By combining design thinking, lean startup and agile we get a recipe for repeatable innovation: lean UX. Lean UX and lean startup methods are being used today by many startups and innovation labs to take a learning approach to discovering and building the best product for customers.
But what does repeatable innovation look like scaled across an enterprise? This talk will share how to apply lean product practices as a continuous process across multiple products and agile development teams in an organization. With real examples and artifacts you will learn how to manage - and thrive - in uncertainty to create awesome products.
Original article from the Flevy business blog can be found here:
http://flevy.com/blog/deconstruct-and-innovate-your-business-model/
The business model is at the core of any company’s corporate strategy. It defines how the company creates, delivers, and captures value.
Most tech startups fail because they lack a viable business model. Even for enterprises with established business models, they often need to revisit and innovate on their business models.
To understand the essence of a successful business model, first, let’s look at its 4 core components:
• Customer Value Proposition,
• Profit Formula,
• Key Resources, and
• Key Processes.
Customer Value Proposition
A successful company helps its customers get a “job” done. Doing the “job”—this is the “value” the business is delivering for its customer. For instance, Google helps customers with the job of finding information online. McDonalds helps customers with the job of feeding a greasy appetite quickly and cheaply. Flevy helps customers with the job of finding business documents they need for work.
High customer value proposition is correlated with
• Importance of the job to the customer;
• Low customer satisfaction with alternative options in the market; and
• Higher quality (or lower price) of your product relative to alternative options.
Profit Formula
It’s great to offer customers great value, but, as a business, the economics still need to work in your favor. We need to make money! This is the profit formula.
The profit formula is the blueprint that defines how the company creates value for itself, while providing value for the customer. The profit formula consists of numerous economic components, including:
• Revenue model
• Cost structure
• Margin model
• Asset turnover and velocity
Proof of Concept: What It Is and How to Do it RightAdRoll
Before you take on the risk and cost of developing an idea into a commercial product, there’s a crucial step that every business must first take. It’s called “proof of concept.” Here’s what it is, why it’s necessary, and how to get started.
Product Management And Service Delivery Process - FlackVentures ExampleKate Pynn
A lifecycle methodology enforces some very important processes that deliver critical value to Service Delivery. Some key contributions are:
Business driven goals (e.g. profit, performance, credible schedules, resource effectiveness….)
Roles and responsibility clarification (e.g. delegation, decision making, optimization….)
Organizational effectiveness (e.g. resource structure for task, enable cross functional efforts….)
Planning enforcement at the beginning before major resources committed
Continuous learning enabled that builds core competency in credible delivery plans.
Product Management by Numbers: Using Metrics To Optimize Your Product by Dan ...Dan Olsen
Best practices in using metrics to optimize your web product. I gave this webinar on Dec 17, 2008, as part of FeaturePlan's series "The Product Management View".
Agile205: Intro to Agile Product ManagementRich Mironov
Product owner is a critical role for agile/scrum teams, as a key stakeholder and representative of users, customers or markets. Commercial software companies have a broader role -- product manager -- responsible for identifying market needs/opportunities, making product-level decisions about offerings/benefits/pricing/packaging/channels/financial goals, and managing sales/customer relationships on behalf of executives. Since products often span multiple scrum teams, some products have a mix of product owners and product managers. We'll introduce product owners, map that against software product managers, and talk through approaches to meet all of the product needs for a market-successful product.
This presentation provides a framework for product managers and C-level executives to discuss and prioritise their product investments. Maintaining a practical focus, it condenses highlights from McKinsey's three horizons model and more recent successors developed by academics at Wharton and MIT.
Product strategy for technology companies is closely related to New Product Development. It starts with a strategic vision which provides answers to questions such as “Where is the business going?”, and “How will it get there? This Technology Multipliers webinar provides a comprehensive overview of product strategy concepts, process, and keys to success for technology companies.
Accelerating Innovation through Portfolio FrameworksSheen Yap
This talk explains how to use a product portfolio approach to drive experimentation for more effective product strategy. Covers setting outcomes, lean value tree, strategic alignment and three horizons.
Some years ago, Eric Ries, Steve Blank and others initiated The Lean Startup movement. The Lean Startup is a movement, an inspiration, a set of principles and practices that any entrepreneur initiating a startup would be well advised to follow.
Projecting myself into it, I think that if I had read Ries' book before, or even better Blank's book, I would maybe own my own company today, around AirXCell or another product, instead of being disgusted and honestly not considering it for the near future.
In addition to giving a pretty important set of principles when it comes to creating and running a startup, The Lean Startup also implies an extended set of Engineering practices, especially software engineering practices.
CloudHealth Technologies is a company where employees are able to challenge themselves and achieve success, while doing something meaningful and having fun at the same time. Less than 4 years ago, CTO and Founder, Joe Kinsella began brainstorming the concept of of a platform, CloudHealth, with nothing more than a laptop and the cloud. Today, CloudHealth Technologies is one of Boston's fastest growing tech companies, delivering the industry's most comprehensive cloud service management platform, as recently recognized by MassTLC as the most innovative cloud technology of the year.
Gain insider knowledge from Joe on how to implement an agile process that takes an initial concept and turns it into a viable technology resulting in dramatic growth and a successful company. In this session, Joe discusses his personal journey, experiential learning, and the related success that comes from a team of passionate employees with a genuine focus on dynamic interactions between groups and departments.
Lean Product Management: The Art of Known UnknownsNatalie Hollier
(This presentation was given at the Lean Strategy + Design Salon meetup in New York: http://www.meetup.com/LeanStrategyPlusDesign/events/200913392/)
"Innovate or die” is the mantra of successful companies. So how can we build innovation into our product development process? By combining design thinking, lean startup and agile we get a recipe for repeatable innovation: lean UX. Lean UX and lean startup methods are being used today by many startups and innovation labs to take a learning approach to discovering and building the best product for customers.
But what does repeatable innovation look like scaled across an enterprise? This talk will share how to apply lean product practices as a continuous process across multiple products and agile development teams in an organization. With real examples and artifacts you will learn how to manage - and thrive - in uncertainty to create awesome products.
Original article from the Flevy business blog can be found here:
http://flevy.com/blog/deconstruct-and-innovate-your-business-model/
The business model is at the core of any company’s corporate strategy. It defines how the company creates, delivers, and captures value.
Most tech startups fail because they lack a viable business model. Even for enterprises with established business models, they often need to revisit and innovate on their business models.
To understand the essence of a successful business model, first, let’s look at its 4 core components:
• Customer Value Proposition,
• Profit Formula,
• Key Resources, and
• Key Processes.
Customer Value Proposition
A successful company helps its customers get a “job” done. Doing the “job”—this is the “value” the business is delivering for its customer. For instance, Google helps customers with the job of finding information online. McDonalds helps customers with the job of feeding a greasy appetite quickly and cheaply. Flevy helps customers with the job of finding business documents they need for work.
High customer value proposition is correlated with
• Importance of the job to the customer;
• Low customer satisfaction with alternative options in the market; and
• Higher quality (or lower price) of your product relative to alternative options.
Profit Formula
It’s great to offer customers great value, but, as a business, the economics still need to work in your favor. We need to make money! This is the profit formula.
The profit formula is the blueprint that defines how the company creates value for itself, while providing value for the customer. The profit formula consists of numerous economic components, including:
• Revenue model
• Cost structure
• Margin model
• Asset turnover and velocity
Week 4 Dis 1Please respond to the following Brand Stretch .docxmelbruce90096
Week 4
Dis 1
Please respond to the following: "Brand Stretch Spectrum and Market Product Grid"
· Assess the importance of evaluating newly developed health care products in order to determine whether the products should carry existing brand names or whether they should be assigned new brand names. Suggest realistic branding strategies needed for marketers to evaluate newly developed health care products or services. Provide support for your rationale.
· From the e-Activity, determine whether or not the product offerings that you selected are consistent with the perceived selections of the given health care entity. Explain your rationale.
2 page
Dis 2
Please respond to the following: "Lateral Marketing Strategy"
· Assess the value of target marketing as an effective health care marketing strategy. Appraise the degree to which vertical and traditional segmentation help marketing managers use target marketing strategies. Support your rationale with at least two (2) specific examples of target marketing within a health care organization with which you are familiar.
· Evaluate the impact of lateral segmentation in encouraging marketing managers to look broadly at markets in order to identify previously overlooked opportunities. Provide at least one (1) specific example of quality initiatives within a health care organization.
2 page
Week 5
Dis 1
· Please respond to the following: "Marketing Segment and Perceptual Map"
· Evaluate the value and utility afforded by Philip Kotler’s Segment-by-Segment Invasion Plan as a tool for mapping current and future market segment pursuits. Provide support for your rationale.
· Assess the importance of a Perceptual Map for current and potential product offerings in the marketplace. Suggest one (1) way in which this instrument can be used by marketers to affect better product positioning outcomes within the health care industry.
2 page
Dis 2
Please respond to the following: "Product Ladder and Hierarchy of Needs"
· Assess the importance of the Ries and Trout’s Product Ladder as a target marketing device within the health care industry. Provide a rationale for your response.
· Assess the level of necessity for health care marketers to possess an effective understand of human motivation in order to better understand their customers. Provide at least two (2) specific examples of the use of human motivation within a health care organization.
2 page
Week 6
Dis 1
Please respond to the following: "Diffusion of Innovation"
· Per the text, health care consumers vary in their willingness to adopt new product offerings, with some being quicker to adopt than others. Suggest the key reasons why you believe these variances exist. Provide a rationale with at least (1) example of a situation or scenario that would support your response.
· Assess the importance of Everett Rogers’ Diffusion of Innovation Model as a tool for understanding the product adoption tendencies of health care consumer. Provide at least two (2) specific.
Innomantra Viewpoint - Getting Bold innovation Right v1.0 Innomantra
Getting ‘BOLD INNOVATION’ Right
By Neelima Joseph & Lokesh Venkataswamy
The element ‘SUPPORT’ finds relevance in the innovation management system. To manage innovation effectively, the organization should jump in and facilitate the required resources for establishing, implementing, maintaining, and continual improvement of the innovation management system. The resources come in different forms such as Time, Knowledge, Financial resources, Infrastructure, and Human resources. For effective implementation of the standard, organizations are responsible for determining, providing, and managing the right people. Organizations must identify and develop teams with diverse backgrounds, to enhance cross-pollination and leverage the collective competence of the organization (ISO 56002:2019).
The element 'SUPPORT' encompasses the following sub-clauses, which are the different ways in which support could be extended:
Marketing analytics tools helps you to evaluate your business objectives, and analyzing the marketing environment factors that have an impact on the organization.
NEW PRODUCT DEVELOPMENT FOR THE COMPANY DELL INC.ANALYZING THE.docxhenrymartin15260
NEW PRODUCT DEVELOPMENT FOR THE COMPANY DELL INC.
ANALYZING THE BUSINESS PERFORMANCE OF BRANT FREEZER COMPANY
NEW PRODUCT DEVELOPMENT FOR THE COMPANY DELL INC.
Napier Mosley
University of Phoenix
BUS/475 – Integrated Business Topics
Petra Yurchich
Running head: BUSINESS PERFORMANCE ANALYSIS 1
ANALYZING THE BUSINESS PERFORMANCE OF BRANT FREEZER COMPANY
Tenets of creating a new organization with a new service charter in the Dell, Inc. organization
Introduction
In any business, the main aim of developing a new product is to improve customer service and consequentially the company income and its portfolio in general. Bringing a new product to the market place is most often provoked by change in consumer preferences, competition factors as well as advancement in technology and a new idea that needs to be taken to consideration. In our case study the three factors are applicable as they all cut across the objectives and mission of the company. As such, proper research for strategies on what to develop and how to do it is crucial for a successful venture. Dell, Inc. is a worldwide company whose objective is to empower communities to use technology for prosperity. Dell provides the technological tools that are necessary and crucial for everyone to achieve their dreams. Whether at home, school, organizations and governments, Dell is always at the forefront in delivering the necessary tools for achieving more. The focus should therefore be , how better Dell could assist communities build themselves efficiently, develop the mechanism and make them readily available for this wide market.
Type of product
Successful ideas are those that are centered on understanding the market requirements, which would in turn be molded into smart products that meet and even go beyond the customer expectations. Financial management has since been a problem to the whole world from governmental institutions to small enterprises and even individuals. Wealth is what measures the capacity to sustain life in any given community. Misappropriation of wealth is like a “hole in the bucket of wealth” and one of the loopholes that lead to this menace is lack of intelligent systems that could assist manage and report financial aspects of any entity that generates and spends money. The type of product in question is an Electronic Resource Planning software.
Building the product
As aforementioned, a myriad of communities around the globe are in dire need of systems that could assist them build themselves and progress through proper fiscal management. To the Dell fraternity, that is a wide market to tap into. Ordinarily, new products could have either of the attributes:
- They could be have never been marketed by Dell , Inc. but have been taken up by other companies or
- They could be original creations being taken in for the first time.
The product that is proposed in this text has evidently been in the market having been sold by the major players in the IT business.
USE OF OSTERWALDER'S FRAMEWORK IN ONLINE HEALTH CARE COMPANIESAbhishek Mishra
In recent years online business has increased and with that it increased the concern of
driving the visitors to the website. Every online business have certain type of business model which ensures continuous revenue for them. But again question arises is which model is suitable for what type of business.
There are some studies which are done to identify the online business models but it is also very important to understand which type of model will be suitable for what type of business strategy. But problem never ends there, again after the establishment of our business we also need to think about the most suitable social media platform for promoting our business. Because only suitable business strategy, suitable business model and right place for promotion can ensure profit to our business.
So this study is about understanding all types of online business models and identifying the best suitable model for health care portal, namely healthkosh.in and identifying most suitable social media platform for its promotional activities.
This study aims at finding out the success factors for online health care information based companies by investigating the business models of the case company, Health Kosh, and top national and international companies. Due to the time, budget and human resources limitations, only three big companies in the online health information business are chosen to evaluate in this study. Nevertheless, their business models are interesting to compare. Further study could be taken to evaluate and compare the business models of more online health care companies in different countries. Moreover, one could also study about how to improve the business model of small and medium online health care or health care content based companies in order to compete with the Internet giants companies.
To conclude, business model is significantly important for a successful online business. The business model is a fundamental factor for the success of a company. Any online company has to design their business model carefully before starting their business. The four pillars of business model as suggested by Osterwalder inter-relate each other and together make a successful business model.
1. eHealth Start-up
Guide for business success
A practical introductory manual on business
modelling and routes to market
2. Executive Summary
Developing a company requires some work for the
entrepreneur about business planning, and within the eHealth
sector, a high innovative field, the exercise could appear
complex.
However, some tools and innovative approaches exist to
support the entrepreneur or the business development
manager in the design and the mapping of his/her activities,
customers, channels, etc.
The Business model canvas is one of these tools that gives
you a 360º vision, a comprehensive approach to define, set up
and expand your business.
More in eHealth sector than others, designing the model of a
company is an iterative process, and innovation doesn’t only
concern the technology side, but as well the other function of
the company (marketing, commercial, communication,
finance, etc.). The Lean Start-up methodology, promoted by
Eric Ries*, helps you to create the minimum viable product, in
order to don’t loose time in full developments and be able to
quickly test with potential customers and users and adapt or
pivot your business model.
As eHealth is evolving fast, the Continuous improvement
methods will engage a dynamic approach about the design of
your solution and of your business.
Finally, eHealth implies some specifics, for instance because
your customers could be different from the users of your
solution, or because of the presence of public sector decision-
makers requiring specific commercial relationship and
processes.
This short document will give an overview of these concepts
and provide you tools and resources, as a practical guide for
your business design.
2
* http://www.stpia.ir/files/The%20Lean%20Startup%20.pdf
3. Background and introduction
Why have we created this document?
There are many methods and approaches to supporting Start-
up businesses each with a powerful message aiming to support
SMEs achieve their goals. The issue for eHealth Start-up
business is that success becomes more challenging because of
the context they are working in. There is a wide range of
customers, including providers, commissioners and
stakeholders who each need to be considered. Policy
direction, regulation and standards can influence the market,
and as such gaining access to that market can prove almost
impossible without the application of the right considerations
and processes.
There are some key methods and approaches which can
support you and this document will introduce you to three
approaches, which each provide helpful resources eHealth
start-ups will benefit from, but will seek to encourage you to
blend these approaches create your own toolkit and process
to apply your creativity too.
Who is the document for?
This document is aimed at eHealth start-ups hoping to enter
the health and social care market with their product or
service. This document aims to provide eHealth start-ups with
a “foundation” for the future providing you with the skills and
processes that kick-start your eHealth businesses. With this
knowledge you will be able to rapidly improve your products
and gain more market share and success!
How to use the document and content
This document will review three approaches, which
individually are able to support business success, but which
when properly understood and applied together effectively,
will provide a far more comprehensive approach to entry and
success into the eHealth market.
Each of the approaches will be discussed individually to offer
an outline structure and a fundamental level of
understanding, along with links to tools, literature and case
studies for further detail and references to help you consider
and apply these methods to help achieve best success to your
eHealth start-up.
3
4. Digital in Health & Care
Without a doubt the pace at which new technology is
impacting our everyday lives is increasing at lightning speeds.
In 2014 it was documented that 29% of all people said that
their phone was the first and last thing they looked at
everyday which is a telling sign of how connected we are all
becoming to technology.
According to the European Commission figures, the costs of
health and social care will rise substantially to about 9% of EU
GDP in 2050. To ensure the control of healthcare costs whilst
maintaining high quality care, eHealth has seen an
increasingly important role to play in transforming the
European and cross-border healthcare landscape. As people
become increasingly connected, new opportunities are arising
to tackle economic and social challenges faced by healthcare
services across Europe. Where new technologies have the
potential to empower patients to take an active role in their
own healthcare and to help professionals with better
monitoring tools and information.
Digital eHealth products are able help to support the
challenging economics and can increase levels of self-care and
accelerate transformation towards practice and services that
monitor, inform, enable and support on-going management of
conditions and vulnerability. The deployment of digital can
also add capacity to service.
This means there is a huge market opportunity for Businesses
who have a product to support this agenda. This document
will support start ups in the eHealth get their product to
market.
There are a wide range of activities in this sector. Products &
services could be designed including one or several of the
categories as infrastructure or Data Exchange, Data Analytics,
Devices, etc…
4
5. Overview of the 3 approaches
This Guide will provide you some insights about 3 different
approaches with their associated tools:
Each of these approaches will be discussed in turn then move
to think about how eHealth Start-ups can benefit from a
blended approach using all three together.
Business model: definition
Definitions. Numbers of definitions exist for business model
but in a simple way:
• A business model describes the rationale on how an
organisation creates, delivers and captures value;
• A plan for the successful operation of a business,
identifying sources of revenue, the intended customer
base, products, and details of financing;
• The plan implemented by a company to generate revenue
and make a profit from operations. The model includes the
components and functions of the business, as well as the
revenues it generates and the expenses it incurs.
Business model Innovation. Innovative sectors as eHealth don’t
only require creativity regarding the technology and the
products, but as well about business modelling. eHealth
Innovation is a complex sector with a multi-stakeholders
environment, and the design of the company’s model is a
critical aspect of its success. Entrepreneurs should analyse
carefully their business and define a multi-parameters model,
in order to reach correctly the market.
5
Business Model
Innovation
A plan for the
successful operation of
a business, identifying
sources of revenue,
the intended customer
base, products, and
details of financing. Is
where two or more
elements of a business
model are modified to
deliver better value in
a new way
Lean
Start up
Is a process for turning
ideas into commercial
ventures. Its premise is
that start-ups begin with a
series of untested
hypotheses. They succeed
by getting out of the
building, testing those
hypotheses and learning
by iterating and refining
minimal viable products in
front of potential
customers.
Continous
Improvement
Constantly seeking and
gaining feedback from
customers to adjust
business processes in
order to deliver better
value
ACTION. As you move through each method, make notes
about how you could use each approach and which tools
would work well for your eHealth start-up
ACTION. A Business model describes numbers of components
of the company and its environment. We propose you to use
some tools, like the Business Model Canvas
6. Business model Canvas
Why using the Business model Canvas?
A Business model is a complex concept referring to the
complete design of the activities of a company, take in
account the “global picture”, and defining all the parameters
and characteristics of the company and its relations with its
environment. The Business model Canvas is a tool gathering
all components of the strategy and the operations, and
helping the manager/CEO to plan his/her business.
Download Canvas:
https://drive.google.com/previewtemplate?id=102mOZQmMxs
0CslmNsPZ5KCNQwAIh9rh4baYgT0VWNAA&urp=https://www.g
oogle.es/&pli=1&ddrp=1#
Business model canvas components
• Key partners: define your own ecosystem of innovation &
business; who are your partners? Your suppliers? What are
the key elements they produce that you need? What are
their/your motivation in the partnership (money, visibility,
access to other stakeholders, optimization, risk-sharing…)?
• Key activities: define the activities your company will
develop in order to be able to present products/services
and associated added-value to your customers?
(production, integration, R&D…)
• Key resources: define the requested resources needed in
order to develop your business. It could be financial,
human, physical resources & materials, knowledge (IP,
patents, know-how)… These resources could distinguish
you from competitors.
• Value Propositions: define the value you propose to your
customers, which customer’s problem(s) do you propose to
solve? Which customers needs do you satisfy? Each
customer segment could have different problems and then
your value proposition should be adapted to each category.
A specific marketing and specific messages should be
designed around each value proposition. Warning: in
health sector, the value proposition could be related to
the customer or to the end-user of the solution, which
could be distinct (customers of your customer).
• Customer relationships: define the type of relationship
you have (or must have) with each customer segment.
Apart of a simple contract, it could implies additional
services (assistance), it could require specific
complements from your part. In Health sector, outcomes-
based business model are emerging (see below) and it
modifies deeply the relation between provider and
customer, as it pushes to act as “associates” sharing the
risk related to the implementation of the solution (see
more below) .
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7. Business model Canvas
• Channels: define the best way(s) to reach your customer
segments; how do you manage the
communication/marketing? The distribution of your
solution(s)? What are the channels most performing?
• Customer segments: define the categories of customers
you’re targeting, with characteristics and specificities; for
whom is the eHealth service creating value? (See example
next slide)
• Cost structure: define the costs implied by your business
model; what are the costs of your activities, partners or
suppliers, your own resources? The distribution channels
you will use? The marketing strategy?
• Revenue streams: define the value your customers are
really willing to pay. Each customer segment generate
potentially different revenues and participate at different
level to the global business (prioritisation of customers).
Define as well the way how your customers pay you.
Example of how to fill the canvas: some customer segments
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Customers Examples of value propositions
Patients/Citizens
- Improve the quality of life of the patients or/and
informal caregivers (family)
- Improve quality of care
- Improve health status
- Improve knowledge about disease (health education)
- Improve independent living
Health & Social care
providers
- Improve conditions of work of professionals
- Optimise the workflows
- Reduce costs
- Improve quality of care and patients satisfaction
Public authorities &
public insurances
- Improve quality of care
- Improve health status of the population / resolve public
health issues
- Improve citizen satisfaction
- Reduce costs
Private Insurances
- Improve quality of care, of services
- Improve customer satisfaction
- Reduce costs
- Optimise the workflows
- Innovative marketing, differentiation with competitors
Companies
- Improve productivity of employees thanks to better
health status
- Reduce care costs of employees (when the company
takes it in charge)
- Innovative marketing / social responsibility, attract
employee profiles
ACTION. Design your own template with your product, your
customers and the associated value propositions (see
completed example of Business canvas on next slide).
9. Lean Start up
What is Lean Start-up?
Lean Start-up is a process for turning ideas into commercial
ventures. Its premise is that start-ups begin with a series of
untested hypotheses. Success is achieved by getting out of the
building, testing those hypotheses and learning by iterating
and refining minimal viable products in front of potential
customers.
Lean Start-up approach
The approach of Lean Start-up includes building a hypothesis
based on your product, measuring assumptions and gaining
data, learning from the new information and turning this into
ideas which feed back into the build of the product
Why is it important?
Because of the high level of uncertainty, eHealth start-ups
need to make the best possible guesses or assumptions as to
what kind of product and market to target, to minimise the
production of waste. Lean Start-up should think of these
guesses as hypotheses; ideas about the outside world based on
a set of assumptions that have been made. You need to ensure
that all assumptions created are testable, that you have
customers to test the product with and you understand which
assumptions will be tested first.
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ACTION. Write down the Hypothesis (assumptions) you have
about your product or service and the market. Consider how
testable they are. Order them from highest risk to lowest
risk. Think how and where you can start to test your
hypotheses.
10. Key Concepts
Validation of hypothesis approach
What is it? Validating your hypothesise about your product or
service is critical when starting a company. By testing a simple
hypotheses countless of hours and resources can be saved.
How do you use it?
• Find out what the problem is from the customers point of
view. Interview customers face-to-face to understand the
“job” customers are trying to do, their current challenges,
and how they solve it at present. Pivot when you discover
you are wrong. You can use the problem interview script to
support these conversations. http://ashmaurya.com/wp-
content/uploads/2011/08/problem-interview-script.png
• Find a Solution. Develop a minimum viable product
prototype ( discussed more below) and get outside the
building face-to-face with customers to test your vision of
the solution. Change or pivot when you discover you are
wrong. Repeat these tests until you find the best solution.
• Go-to-Market Strategy Ensure you understand the end-to-
end customer buying process, the market communication
infrastructure, the distribution infrastructure. Identify the
leverage points.
• Pivot. Throughout the process learn to change course
whenever you discover you are wrong.
Minimal Viable Product
What is this? Once you have figured out the problem that
needs to be solved you then need to develop a minimum
viable product (MVP) to begin the process of learning as
quickly as possible. Once the MVP is established, a start-up
can work with customers to measure and learn to create
improvements.
Why use it? When start-ups fail to reach broad uptake from
customers, it is often because they never spoke with them to
understand if the product was of value to them. However, by
using the MVP tool, you can test your product and feed any
learning into improvements.
Pivoting
If your research with customers suggests that your current
idea isn’t going to work, it might be time to “pivot” your
start-up. Pivoting means changing your business strategy to
align with a new hypothesis of how to succeed in a structured
way to test a new hypothesis about the product.
Example Groupon; when the company first started, it was an
online activism platform, after no success the founders
opened a blog and launched their first coupon
promotion. Although they only received 20 redemptions, they
realized that their idea had successfully empowered people to
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11. Key Concepts
coordinate group action. Three years later, Groupon would
grow into a billion dollar business.
Market Fit
A difficult decisions for a startup is understanding when your
product is good enough to drive sustainable, scalable
customer growth. Trying to scale too early can easily kill your
startup. Using a survey asking the key question How would
you feel if you could no longer use [product]? with your
customers gives you an objective measure. The If you find
that over 40% say that they would be “very disappointed”
without your product, there is a great chance you can build
sustainable, scalable customer acquisition growth on this
“must have” product. More details on distributing the survey
are here. http://www.startup-marketing.com/using-survey-
io/
Testing and Metrics
An important part of the lean Start-up methodology is the
“Measure” step of the Build-Measure-Learn cycle. In terms of
product testing, the best approach suggests a “Split” or
“A/B” testing. This involves making multiple testable versions
of a product so that any changes can be compared to a
baseline. When thinking about your metrics focus on
measures which are actionable, accessible and auditable.
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12. Continuous improvement
What is it?
Continuous Improvement, is an approach which allows you to
constantly introduce small incremental changes in a business
in order to improve quality and/or efficiency.
Why is it important?
eHealth Start-ups are faced with a number of challenges. In
the current economic climate there is increasing pressure for
SMEs to be more efficient and improve their product/service
offerings to survive. SMEs have to be agile enough to cater to
multiple customer demands, and this requires constant
improvement to its operations.
Using continuous improvement in your Start up you
can achieve
• Less waste, more satisfied customers and people
• Improved commitment and retention of staff
• Improved competitiveness and Improved problem solving
Continuous Improvement model
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13. The case for using all
three approaches
13
Lean Start-up +
Continuous Delivery
Here you can quickly learn about what
is/ not valid as a product and can do it
in a well designed, scalable manner. BUT
without the Business Model you may
struggle to take advantage of the
revenue generating opportunities.
Business Model Innovation +
Continuous Delivery
By using these two approaches
you will have connected your
Business Model with your
customer BUT without
validating assumptions.
Lean Start-up + Business Model Innovation
By looking at these two approaches you can
design business models and validate them
BUT without Continuous improvement the
chances of scaling it are minimised.
Continuous improvement
This helps SMEs to increase speed
to customers. Although without
understanding what the customer
values, on its own Continuous
Delivery will simply give
businesses a way to deliver waste
faster
Business Model Innovation
Business Model Innovation is
crucial for any business to survive
but without Lean Start-up and
continuous improvement to
validate assumptions the business
model, it can be nothing more
than an interesting thought
exercise.
Lean Start up
Lean Start-up is a helpful
approach, but some challenges
with this concept remain, by
itself it does not address how
you retain market fit or
deliver stable, scalable
software to the customer.
14. By using all three
approaches….
14
Using all three approaches helps eHealth start-ups to develop and grow
in the challenging environment of health and care.
By using a multiple approach, eHealth start-ups are able create clear
business models, rapidly validate/invalidate often risky assumptions and
deliver value to their customers in a quick and scalable manner.
Customer
Centric
Continuous
Improvement
Lean
Start Up
Business
modelling
and
planning
15. Why eHealth is different?
The eHealth contexts. eHealth sector is specific and the
Business model canvas could be built define the position of
your solution into several “contexts” specific to each market
and customer segments :
• Human and organisational context: which actors
(professionals, citizens/patients) will use your solution?
What are their tasks their objectives? How do they
work/live? How are they organised? What is changing with
your solution? How will they adapt? Which change
management strategy? Which training sessions? Which
incentives?
• Decision-maker context: which public policies/healthcare
providers/insurances strategies your solution is related
with? Which priorities do the public authorities/healthcare
providers/insurances set up? Are they opportunities/
threats?
• Regulation & Legal context: which are the laws,
directives, regulations related with your solution? which
standards or norms? Does your solution comply with the
requirements? Are they barriers or opportunities for
market differentiation? What is the process to reach the
market (market access regulation)?
Each EU country has specific requirements regarding eHealth or
market access regulation of health products/services.
For medical devices, European regulation:
http://ec.europa.eu/growth/sectors/medical-
devices/documents/revision/index_en.htm
• Solution provider(s) context: who is/are the current
providers? With who do you need to partner with
(products, services, technologies)? What is your position
regarding your competitors?
This could require to build partnerships, and build sub-ecosystems
joining different skills and activities to develop an integrated
solution, a comprehensive solution
• Economic context: what is the funding scheme in each
specific segment? How are the healthcare solutions are
traditionally bought? If your solution act as a substitute,
what is the current cost structure / budget of your
customers? Are there opportunities to disrupt the funding
model/system?
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16. Why eHealth is different?
As an eHealth start-up, you need to think about who you’re
selling your product to:
Business2Business (B2B)
• Your company sells its products/services to another
organisation (public authority, hospital, insurance, other
company…) in order to support its own activities.
• The product/service provided should bring value to the
target organisation(s) within its (their) own business
model.
Example: a company provides to an hospital an remote
monitoring system for chronic diseases patients at home
Business2Business2Customer (B2B2C)
• Your company sells its products/services to another
organisation (public authority, hospital, insurance, other
company…), which is in contact with individual customers
(mass market).
• The product/service should bring value to the final
customer/user (customer of your customer) and be
integrated into your target organisation’s business model.
Example: a company provides to an insurance company a web
portal to give advises on nutrition, physical activities and
wellness to the insurance’s clients
Business2Customer (B2C)
• Your company sells its products/services directly to final
customer/user.
• The value proposition should focus on the user needs.
Example: a company provides to consumers a smart watch
and a mobile apps to monitor parameters as number of steps
and sleep activity
In Europe, there are a number of payment models, you will
need to consider which applies to your product:
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17. Why eHealth is different?
Moreover, you could engage different kind of relationship and
agreements with your customer. Here below some specific
agreements & purchase processes:
Public sector
• Pre-Commercial Procurement (PCP): generally several
procurers associated decide to share the risk of designing,
prototyping and testing with providers- The PCP is
the procurement of research and development of new
innovative solutions before they are commercially
available - http://ec.europa.eu/digital-agenda/en/pre-
commercial-procurement
• Public procurement of innovation (PPI) occurs when
public authorities act as a launch customer for innovative
goods or services. These are typically not yet available on
a large-scale commercial basis and may include
conformance testing - https://www.innovation-
procurement.org/fileadmin/editor-content/Guides/PPI-
Platform_Guide_new-final_download.pdf
• Innovation Partnership: introduced in March 2014 by the
new EU Directive 2014/24/EU on Public procurement, this
model facilitate relations between public purchasers and
solution providers (still not always implemented in
national regulations) - http://eur-lex.europa.eu/legal-
content/EN/TXT/?uri=celex:32014L0024
Outcome-based business models (risk-sharing)
• Definition: risk-sharing contracts mean that the customer
and the provider are co-investing to implement the
solution, agreed on a starting situation and objectives, and
will share the risk of a benefit or a loss , associated with
the implementation of the solution.
• Alliance contracts: Collaborative approach with all
organisations (commissioners and providers) sharing
contractual responsibility and risk, therefore promotes
joint ownership of outcomes
• Social Impact Bonds (SIBs): 3 types of actors are involved:
a public authority, a service provider and an impact
investor. The SIB is a contract with the public sector or
governing authority, whereby it pays for better social
outcomes in certain areas and passes on part of the
savings achieved to investors. A social impact bond (SIB) is
not a bond, per se, since repayment and return on
investment are contingent upon the achievement of
desired social outcomes; if the objectives are not
achieved, investors receive neither a return nor
repayment of principal
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18. Why eHealth is different?
Below is a table summarising the different kinds of business
models related to the agreement and the type of customer
you have
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Business models
B2B
B2B2C B2C
Public sector Private sector
Fee for
product/service
Reimbursement
administrative process
(Inscription on
reimbursable
product/services list)
Negotiation on
pricing
The final customer
(citizen/patient) pays partially
or totally the cost / the
intermediary (e.g. insurance,
bank…) proposes the product/
service to its customers (with
or without financial support)
Direct marketing
Outcomes-based
model (Risk-sharing)
Different models:
– Fee + % of ROI
– % of ROI only
– Deal with 3rd
actor: impact investment
model (SIB)
Comment: request evaluation capacities to
assess the starting situation and ROI after
intervention
n/a n/a
ACTION. Watch the video and see how this eHealth start-up used the 3 approaches to improve their product and their business
design. https://www.youtube.com/watch?v=rS6fHW9pRek - Owlet's business modelling competition video
19. Resources
BUSINESS MODEL INNOVATION
Business model canvas explained (video) -
https://www.youtube.com/watch?v=QoAOzMTLP5s
Business Models for eHealth Report ( including 5 case studies)
VALERI, GIESEN, JANSEN (Feb 2010) Prepared for ICT for
Health Unit DG Information Society and Media European
Commission 28 February 2010; Case studies
https://www.myesr.org/html/img/pool/business_models_eHe
alth_report.pdf
Examples of Business model canvas
mHealth solution:
https://novoed.com/mhealth/reports/52109
LinkedIn, Facebook, Google, VISA, Twitter:
http://bmimatters.com/tag/business-model-canvas-
examples/
Several examples with healthcare provider:
http://www.slideshare.net/kawalnainsingharora/business-
model-canvas-43559948
LEAN START UP
Lean start up principles and resources
http://theleanstartup.com/principles
Validation of hypothesis approach
https://www.leanstartupmachine.com/validationboard
Market fit http://www.slideshare.net/ashmaurya/10-steps-to-
productmarket-fit-26608647
Minimal Viable Product including business model canvass
tools, Customer interview templates and customer/ product
validation tools
http://leanstartup.pbworks.com/w/page/64050292/Tools%20
and%20Resources
Pivoting
CONTINOUS IMPROVEMENT
Continuous improvement tools
https://sielearning.tafensw.edu.au/MBA/9791K/BusinessServi
ces/9791/9791K/Continuous_Improvement_Tools_wi.pdf
Stakeholder analysis http://stakeholdermap.com/stakeholder-
analysis.html
Practical InnoSupport guide
http://www.innosupport.net/index.php?id=2244
McAdam et al (2000) "Innovative change management in SMEs:
beyond continuous improvement", Logistics Information
Management, Vol. 13 Iss: 3, pp.138 – 149THE
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20. About the project
The GET project delivers four high-impact services to eHealth
SMEs and entrepreneurs in order to boost their growth and
move them to the next level of competitiveness. Each life-
transforming service has been designed to provide cross-
border value to a different target group of companies. It will
do by offering training, mentoring, market intelligence,
support and, above all, quality contacts.
These services are:
• Get on track Targets early-stage companies, start-ups and
entrepreneurs. It supports them to optimize their business
model and commercialization strategy.
• Get funded Designed for SMEs looking for a second round
of funding. It provides training, resources and networking
opportunities with investors at European level.
• Get global Helps mature SMEs to access international
markets by putting them in contact with foreign
commercialization partners and potential customers.
• Get inspired Identifies and disseminates unmet needs in
eHealth that can become business opportunities for
entrepreneurs and SMEs.
If you want to know what GET can do for
you, suggest resources or insight
Contact us!
project@get-ehealth.eu
www.get-ehealth.eu
Follow us on twitter!
@GET_eHealth
This document is a deliverable of the European Project GET, funded
by the European Commission with Grant Agreement number 611709
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