The Challenge of Sustaining Disruptive Innovation When You Meet Success

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The Challenge of Sustaining Disruptive Innovation When You Meet Success

description

My Lean Startup Conference 2012 talk.

Transcript of The Challenge of Sustaining Disruptive Innovation When You Meet Success

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The Challenge of Sustaining Disruptive Innovation When You Meet Success

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2008 2009 2010 2011 2012

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So you get some success...

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What is Sharethrough?

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What is Sharethrough?

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What is Sharethrough?

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Innovate or die

*disruptive innovations not sustaining innovations

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It’s easier to innovate in a successful startup

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It’s easier to innovate in a successful startupFALSE!

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Support Existing Success Disruptive Innovations

Product & Engineering Resource Allocation

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Certainty of Revenue

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Balancing success and disruptive innovation is especially hard for a startup

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Here’s what we did

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Identify the right resources based on their ability to aid your learning (vs scale)

Step 1:Create the Right Environment

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Isolate and clear the schedule of your resources

Step 1:Create the Right Environment

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Don’t promise to (immediately) revolutionize the business

Step 1:Create the Right Environment

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Use internal customer development to develop initial hypotheses

Step 2:Set Goals and Boundaries

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Aim to build an MVP that solves a simple business problem

Step 2:Set Goals and Boundaries

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Build a usable product not just a hack - don’t skimp on design

Step 2:Set Goals and Boundaries

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Keep the progress updates separate from the existing product workflow

Step 3:Milestones & Progress Checks

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Use regular (weekly) customer meetings as release markers

Step 3:Milestones & Progress Checks

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Re-assess high-level assumptions and hypotheses every 3 months

Step 3:Milestones & Progress Checks

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My Learnings

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Innovation is Hard

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Re-do your customer developmentDon’t fall into old habits!

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Don’t fall into old habits!Iterate differently

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When you “finish”, have a transition plan in place

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Be ready for disappointment and some pivoting