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.
Recently I was asked to share our experience and learnings with the Global Product Development Lifecycle work we are doing at Pearson at Tesco. This works focuses on bringing the company together to be more innovative at a cultural level and adopt Agile and Lean Startup principles beyond software teams.
Sharing the story on how the Pearson Global Product Lifecycle embraces iterative funding influenced by Beyond Budgeting, Agile and Lean Startup to develop leading products with the learner at the centre.
Projects are no longer optimal to deliver digital products. The customer relationship and environment has changed. Businesses need to adopt a whole new culture around projects if they are going to keep or grown their customer base and look beyond using projects to sustain value.