Remove Customer Development Remove Product Remove Russia Remove Technology
article thumbnail

Blowing up the Business Plan at U.C. Berkeley Haas Business School

Steve Blank

The disadvantage is that its methodology was based on the old waterfall model of product development and not the agile and lean methods that startups use today. It taught lean theory ( business model design , customer development and agile engineering) and practice. The Business Plan is Dead. Clearly, lean works globally.

article thumbnail

Born Global or Die Local – Building a Regional Startup Playbook

Steve Blank

China, Russia, Brazil, India, Indonesia all meet those criteria. One of the groups I spoke to was the Australian Sports Technology Network. They realized if they could develop and promote a well-coordinated sports technologies industry, they could capture their unfair share of the $300 billon sports consumer market.

Global 335
Insiders

Sign Up for our Newsletter

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

article thumbnail

Why Internal Ventures are Different from External Startups

Steve Blank

innovating new products and services within an already scaled business model), the processes that companies have optimized for execution inevitably interfere with the search processes needed to discover a new business model. One memorable example of this was Xerox’s internal venture capital fund, Xerox Technology Ventures (XTV).

Startup 328
article thumbnail

The Secret History of Silicon Valley Part VII: We Fought a War You.

Steve Blank

Stanford’s research on the earth’s ionosphere would lead to meteor-burst communication systems and Over the Horizon Radar used by the NSA and CIA to detect Soviet and Chinese missile tests and ultimately to the research that made Stealth technologies possible. military had to develop new ways to collect intelligence.

article thumbnail

Founders and dysfunctional families « Steve Blank

Steve Blank

Next, you have to deal with the daily crisis of product development and acquiring early customers. And here’s where life gets really interesting, as the reality of product development and customer input collide, the facts change so rapidly that the original well-thought-out business plan becomes irrelevant.

Founder 302
article thumbnail

The Fatal Flaw of the Three Horizons Model and How To Fix It

Steve Blank

While traditional analysis suggests that Horizon 3 disruptive innovations take years to develop, in today’s world this is no longer the case. Horizon 3 ideas – disruption – can be delivered as fast as ideas for Horizon 1 – existing products. The three horizons are not bound by time.

China 297
article thumbnail

No Business Plan Survives First Contact With A Customer – The 5.2 billion dollar mistake.

Steve Blank

First, the company bought a fleet of 15 rockets from Russia, the U.S. When it was spun out as a a separate company, Iridium’s 1990 business plan had assumptions about potential customers, their problems and the product needed to solve that problem. No Business Plan survives first contact with a customer. Lessons Learned.