Sat.Feb 23, 2013

Why Big Companies Can’t Innovate

Steve Blank

My friend Ron Ashkenas interviewed me for his blog on the Harvard Business Review. Ron is a managing partner of Schaffer Consulting , and is currently serving as an Executive-in-Residence at the Haas School of Business at UC Berkeley. He is a co-author of The GE Work-Out and The Boundaryless Organization. His latest book is Simply Effective.

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Sneak preview of the new Lean UX Book

Startup Lessons Learned

Lean Startups require cross-functional teams working closely together. This is especially true when designing a great product.

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Trending Sources

The Ebb and Flow of Work and Life

Feld Thoughts

The phrase “work-life balance” is a vexing one. Some people think it is impossible. Others strive for it. Many entrepreneurs, and pundits about entrepreneurship, reject it as impossible. Others believe that figuring out how to balance work and life is a sign of a more enlightened entrepreneurial perspective.

The Incredible Power of Mastermind Groups

Growthink Blog

For the past 5 years, I have been part of several mastermind groups that have helped me dramatically grow several of my own businesses. Below I will explain to you what mastermind groups are and how they can benefit you and your business. What is a Mastermind Group? read more. Dave Lavinsky

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7 Lessons on Managing Risk From Olympic Champions

Startup Professionals Musings

Willingness to take a risk is the hallmark of a serious entrepreneur. That’s why one of the first questions that potential investors ask is “How much of your own money, and friends and family, have you put into the new business?” If you won’t risk yours, you won’t get investors to risk theirs.

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Weekend Favs February Twenty Three

Duct Tape Marketing

My weekend blog post routine includes posting links to a handful of tools or great content I ran across during the week. I don’t go into depth about the finds, but encourage you check them out if they sound interesting.

Why Big Companies Can’t Innovate

Steve Blank

My friend Ron Ashkenas interviewed me for his blog on the Harvard Business Review. Ron is a managing partner of Schaffer Consulting , and is currently serving as an Executive-in-Residence at the Haas School of Business at UC Berkeley. He is a co-author of The GE Work-Out and The Boundaryless Organization. His latest book is Simply Effective.

Good Idea, Well Executed

Launch Any

Many founders hold their idea close to them. Others share their ideas. No matter what option they select, ideas must be executed. Because you can only learn so much without executing. Once you execute, the rules change. Customers start to respond (or don’t respond at all).

More Netsuite service as software

deal architect

Google “Workday NetSuite Integration” and you find talent like Dell Boomi Integration Services Experts and implementation services to build a “list of business objects for the integration”. Can be labor intensive when you extrapolate across the wide number of customers. Cloud Computing, SaaS

Seven

Force of Good: a blog by Lance Weatherby

FoG turned seven last week. Truth be told I seriously contemplated using the occasion to shut it down. Outside of family I have very seldom done anything in my life for more than five years. Seven in my mind is the absolute longest time anyone should do any one thing. But for some reason I could not bring myself to turn it off. The annual stats over the life of the blog show a certain disinterest. The past year was the lowest number of posts that I have authored since FoG started.

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Viral Growth: Myths and Math

Launching Tech Ventures

By Matt Bornstein For modern consumer Internet businesses, virality is an incredibly powerful lever. It has the potential to build huge audiences at low cost and in a short amount of time.

Truisms don’t belong in entrepreneurship.

Launching Tech Ventures

“Don’t scale until you have validated your business model.” By Maxine Botesazan It is almost as easy to make a case for, as it is to make a case against, the popular lean startup precept quoted above.

Caution: Great MVPs may block investors’ view

Launching Tech Ventures

by Levi B. Belnap For an entrepreneur, a great MVP teaches you exactly what you need to know to move to the next step with as little wasted time and resources as possible. For an investor, a great MVP looks like an early alpha product that may get you labeled as something you don’t want to be.

Are Rocket Internet copycats lean?

Launching Tech Ventures

Anonymous "My advantage is never that I'm the first. Never. My advantage is that we just build faster and better in more instances than anyone else." [1]

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The Elusive Product-Market Fit: Why Maintaining It is Harder than Finding It

Launching Tech Ventures

By Miles Clements The product-market fit (PMF) concept is certainly useful for entrepreneurs and managers, and should be used as a guiding principle during any technology venture’s launch process. However, in today’s startup environment, it is important to recognize that PMF is not a static concept, but a target that moves in rapid lockstep with the evolution of your competitive landscape and customer base.

Voice of the customer

Launching Tech Ventures

Some companies —such as Aardvark and last year’s TEM case on Dropbox — that otherwise pride themselves on user-centric design were adamant about not offering the features most frequently requested by their users. What’s going on here? When should vision override user feedback in a lean startup? By Alexandria DeVito Recently, I was challenged with this question in my own business.

MVP and SEO for “Radical Products”

Launching Tech Ventures

By Craig Danton Conceiving a product that radically disrupts user behavior – one that seems to break the laws of incremental logic - is what drives many of us to create or even join a “rocket ship” startup. We signup for the HBS journey and from day one we drink the Kool-Aid of lean startup methodology from a fire hose. Is this prescriptive and somewhat risk averse method going to galvanize products that will flip consumer behavior in ways we cannot imagine?

Business Model - Market Fit

Launching Tech Ventures

by Eric Anderson Perhaps it's over simplified, but I feel like business used to be pretty simple. You came up with a physical product, had someone design and manufacture it. You then promoted in paper-based periodicals and distributed into retail channels. The formula was so pervasive that it seems the terminology of our financial statements, from cost of goods sold to marketing expense, were built around it. Not any more, we live in a much more exciting time, right?

HBS should stop rolling out the red carpet for Rocket Internet

Launching Tech Ventures

By Daniel Bertoli HBS implicitly endorsed Rocket Internet as a legitimate career option for MBAs by listing Samwer’s squad on Career Hub, facilitating campus interviews, hosting a student lunch, and providing Oliver with airtime in Aldrich. HBS’ new entrepreneurship case “Blink Booking” further romanticizes the career prospects at the German clone factory. For example, the case inaccurately suggests that co-founders get up to 10% equity in new ventures – 3% or less seems to be the norm.

Who Says Elephants Aren’t Lean?

Launching Tech Ventures

by Greg Ayres I have been reflecting on lean startup management practices in the context of new business development in a big corporation. Whether large or small, young or old, innovative companies must find product market fit and/or refine and extend their business models. I believe that the lean startup method can be successful for any company with a well aligned organizational culture. Without a doubt, big companies’ product development processes are better established than those of startups.

Separate But Equal?

Launching Tech Ventures

by Stefanie Botelho I once had the pleasure of spending time with a serial entrepreneur who happened to be a woman. On her third company as CEO, I asked her why I didn’t see her more often on the conference speaking circuit – especially at events focused on women in technology. Her story was inspirational to me and I’m sure she would serve as a great role model to others who hoped to follow a similar path as the one she carved out for herself.

What does it mean to be “technical”?

Launching Tech Ventures

By Matt Boys One comment you’ll hear over and over as an MBA trying to break into technology is the need to be “technical”. But what does being ‘technical’ actually mean? The answer is that you don’t need to know how to code, you don’t need to take another degree in CS, but there are certain things that will help immensely. HAVING AN UNDERSTANDING OF THE TOOLS, SYSTEMS, AND ARCHITECTURE USED TO BUILD SOFTWARE This one is important.

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Launching Tech Ventures - Untitled Article

Launching Tech Ventures

By Miles Clements The product-market fit (PMF) concept is certainly useful for entrepreneurs and managers, and should be used as a guiding principle during any technology venture’s launch process. However, in today’s startup environment, it is important to recognize that PMF is not a static concept, but a target that moves in rapid lockstep with the evolution of your competitive landscape and customer base.

Business Development Deals with Large Companies (Big Co)

Launching Tech Ventures

By Hunter Craig Business development deals, especially ones with Big Co, can create incredible value for a startup, but these partnerships are often complex and difficult to achieve. Obstacles can loom larger for lean startups – while minimum viable products (MVPs) can enable quicker and more cost-effective product-market-fit, their “light” nature frequently generates weaker currency at the Big Co bargaining table.

Lean on. Who?

Launching Tech Ventures

By Teddy Chestnut A lot of obstacles can get in the way of accelerating your career at a big company. Top-heavy hierarchies can clog openings and extend promotion timelines. Bureaucratic and standardized assessment processes can cap your career’s speed limit. Slower growth creates less opportunity. The list goes on. (Of