Business Model Alchemist

Business Model Innovation Innovation Leadership Network Ralph Ohr revisits the key issues today in innovation management. When we have a great new idea, we want to move fast with it. But we also want impact, and to get that, we need to make sure that we don’t accelerate before we’ve gotten the idea nailed first. When starting a lean startup process, our first hypotheses are often too precise. When we’re in discovery mode, we actually need to have pretty vague hypotheses to start – here’s how to build them. People often use tools as a substitute for the underlying skills that you need to be good at something. According to Tom Peters, whoever tries the most stuff wins. Wile E. Theaster Gates is an artist, and these days he is revitalising neighbourhoods through an artistic process. There is randomness and uncertainty in innovation. One of the goals of lean startup is to find your early adopters – here are some practical ideas for doing that. If we wait for something to be perfect before we launch it, we’ll never launch.

Startup Biz Model