article thumbnail

10 Creativity Mistakes Jeopardize Long-Term Survival

Startup Professionals Musings

There is nothing wrong with a focus on making the current business model work better. Business plans should be loose frameworks to be used as guidelines rather than detailed route maps. Existing production teams are generally too busy meeting monthly deadlines and targets to give new innovations the attention they need.

article thumbnail

10 Ways To Trample And Smother Business Innovation

Startup Professionals Musings

There is nothing wrong with a focus on making the current business model work better. Business plans should be loose frameworks to be used as guidelines rather than detailed route maps. Existing production teams are generally too busy meeting monthly deadlines and targets to give new innovations the attention they need.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Qualcomm’s Corporate Entrepreneurship Program – Lessons Learned (Part 2)

Steve Blank

With hindsight we should have had “proof of concepts” tested in a corporate center (think ‘pop-up incubator’) where they would do extensive Customer Discovery. We should had done this before assigning the teams to a particular business unit (or had the ability to create a new business unit, or spin the team out of the company).

article thumbnail

Traversing No-Man’s Land, The Go-To-Market Phase

YoungUpstarts

This is the second in a three-part series that aims to help you understand the Traction Gap Framework® – a step-by-step approach that startup teams can use to go from ideation to preparing to scale. Read on to find out what exactly the “gap” in the Traction Gap Framework is and why traversing that gap is so critical to your success.

Cleveland 150
article thumbnail

A Crash Course In Startup Labs: What Every Tech Entrepreneur Needs To Know

YoungUpstarts

The rub is that a startup likely has the ideas to take it straight to the top, but it’s also likely that the company lacks the business skills to make it truly successful. A company pitches an idea to the Startup Lab and if the Lab deems the idea viable, then the idea is accepted and the framework for the project is created.

article thumbnail

Why Real Learning is Outside the Building, Not Demo Day

Steve Blank

Over the last three years our Lean LaunchPad / NSF Innovation Corps classes have been teaching hundreds of entrepreneurial teams a year how to build their startups by getting out of the building and testing their hypotheses behind their business model.

Lean 315
article thumbnail

Learning Through Reflection

Steve Blank

To be honest I built the class out of frustration watching schools teach aspiring entrepreneurs that all they need to know is how to write a business plan or how to sit in an incubator building a product. using the business model canvas as the framework. Every week we teach the practice of Lean. Reflection Week.

Lean 120