Lean Innovation | Lean Development | Lean Startup

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Lean Innovation Lean Development Lean Startup Disrupting the status quo without risking everything. By DiamondHead Strategies

description

Stop wasting time and money building businesses and products that people won't buy. Learn how to build a business, innovate and launch new products the LEAN way.

Transcript of Lean Innovation | Lean Development | Lean Startup

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Lean Innovation Lean

Development Lean Startup

Disrupting the status quo without risking

everything.By DiamondHead Strategies

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Have an idea?

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How good is it?

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I mean bet the farm good?

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You know, million dollar good?

(Scalable?)

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Billion dollar good?

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You could make a business plan.

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Do the market research

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Create the product

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What if nobody wants it?

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Because that’s what usually happens…90% of the time.

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What do you mean nobody wants my

product?!!

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I made a 60 page business plan

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I did the market research to find out what people wanted.

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Besides, it cost an arm and a leg to make this thing.

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Business plans are

just guesses

They become outdated at first contact with a real customer.

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And market research?

…a vague idea based on surveys.

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If Henry Ford had done market research his customers would

have said they wanted a faster horse.

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Companies fail because they spend a lot of time and money building stuff

nobody wants.

RealityIdea

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They build stuff based on guesses.

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STOP it.

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Stop wasting money

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Stop wasting time.

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Stop wasting your dreams.

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There’s another way to do this.

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A better way

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It’s called LEAN

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Manufacturing has been using it for years.

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Only here, we apply it to new products, start ups

and innovation.

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To save lots of time and piles

of money.

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Lean means only doing what matters and getting

rid of the rest.

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HOW?

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Learn & Discover first,

fast and cheap.

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To preserve cash and learn as fast as possible. To answer…

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…just how good is this idea?

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Q: How do I innovate my idea

so that millions of people actually want it?

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What we need is a system…a LEAN

system…fast, cheap and that works.

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A system that rapidly generates innovative business models

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…and rapidly tests them…cheaply.

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It exists.

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Here’s the view

from 40,000 feet…

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Ingredient 1: Ideas

IDEA Stream

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Ingredient 2: Something to test

Minimum viable

product

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Ingredient 3: Rapid & Cheap testing

Test the product on the cheap

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Ingredient 4: Draw some conclusions

Learn & Discover

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Ingredient 5: Innovate

Adaptation

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SPEED

The Faster the better

Speed means efficiency

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Adapted IDEA

The Pivot

Escape Velocity

A system to find Escape Velocity: Innovation perfected.

Repeat until…escape velocity (an idea so good customers will knock your doors down)

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IDEA Stream

Build Minimum

viable product

TEST the product cheaply

Learn

Agile Innovation

The PivotSPEED

SPEED

SPEED

FAST AGILE innovation that promises results.

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Workshops | Consultation | Speaking

Corporations | Start up’s | Non-profits

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DiamondHead Strategies

Number 1 in St. Louis for…LEAN

Innovation | Start up | Development

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Contact us today to learn more

1.314.403.2299contact@DiamondHeadStrategies.

com