Cheena Kaul

Words

Himmat Verma

Illustrations

ASSUMPTIONS REALITY PLAN OF ACTION
The most important part is to find and execute the perfect idea. Constantly test and adapt ideas iteratively towards value proposition, scalability and profitability. MVP in a Week
Find clear direction to create new products, improve your current offerings or brainstorm new project ideas.
Adapting and testing ideas often enough magically leads to solutions Persevere, pivot or abandon an idea based on evidence at hand. Iterative Design Sprints
Follow a structured step by step system to solve problems as a team.
Small number of big bets adds up to large returns. It is impossible to know which ideas work/don't in early stages of innovation.
Invest small amounts of money and time in a large number of ideas.
Prioritize
High Impact Business Ideas.
Skills for exploring new business and managing an existing one is similar. Testing and adapting a business idea until it works is radically different to managing business. Detect patterns in data gathered from testing and then transform to scale profitably. Bi-Model Sprints
Innovation and Run the Business teams.
Innovation teams in a company are pirates operating in stealth mode. Innovators are essential partners for future transformation. Create space for Innovation
Deploy more than one Tactic to address each key innovation barrier.

Method for Developing New Business Models
  • Part-Time Team with Other Core responsibilities
  • Dedicated Innovation Team
  • External Design Consultancy
  • Virtual Team
  • Open Innovation
  • Gamification/Hackathon
5 Actions to turn an Idea into Reality

Cheena Kaul

Words

Himmat Verma

Illustrations

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