Business Model Innovation is key for businesses to grow an survive. Combining Lean, Agile, Lean Start principles with a business model focus relative to different stages of the product lifecycle, provides a powerful innovation and growth framework. This presentation focuses on the stage where you have found Product/Market fit and what focus and principles are needed next.
As we created the Product Lifecycle, we developed a range of Lean governance principles and data points by collaborating with over 20 enabling functions and understanding what is needed when by different stages of their life to support and grow a product, all of course secondary to continuously meeting the customer needs. A powerful sense-making activity for product development and strategy was to combine Cynefin with the Product Lifecycle. This helped us understand when to use Lean Startup and Agile practices and created meaningful conversation to inform working practices.
What is Lean Product Development ? A question I explored with MBA students at Imperial College London. We discussed Lean, Agile, Lean Startup and shared how Minimum Viable Product is a process of learning with the customer at the centre.
The challenge is that you might lose your early adopters as you grow, and this presentation talks about how to continuously delight customers whilst satisfying new market segments in order to achieve growth and how to use OKRs and KPIs to measure progress.