Business Model and Practices > Value Propositions and Offerings
Adopting a lean approach creates compelling, differentiated offerings by incorporating learnings from continuous experimentation and feedback
Adopting a lean approach creates compelling, differentiated offerings by incorporating learnings from continuous experimentation and feedback
Innovative Practices
- Seek opportunities to leverage technology innovation to improve existing and create new products and services
- Develop minimal viable products (MVPs) in shortest time possible
- Gain insights by measuring how customers adopt and use products
- Refine products quickly based on learnings
- Don't be afraid to take calculated risks, as fear of failure hinders innovation
- Acknowledge and learn from mistakes
Books and Other Recommended Sources
- Hooked: How to Build Habit-Forming Products, by Nir Eyal (2014)
- How Google Works, by Eric Schmidt, Jonathan Rosenberg (2014)
- The Lean Startup: How Today's Entrepreneurs Use Continuous Innovation to Create Radically Successful Businesses, by Eric Ries (2011)
- Originals: How Non-Conformists Move the World, by Adam Grant (2016)
- Sprint: How to Solve Big Problems and Test New Ideas in Just Five Days, by Jake Knapp, et. al. (2016)
- Zero to One: Notes on Startups, or How to Build the Future, by Peter Thiel, Blake Masters (2014)
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Leadership Strategies on Agile Operations Reinventor leaders in IBM survey more likely to have skilled people, right partnerships, and agile mindset than practitioners and aspirationals August 24, 2018 |
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Use of Customer Feedback for Planning and Design Reinventors more likely to integrate customer feedback into planning and design than practitioners and aspirationals, according to IBM’s global C-suite survey August 9, 2018 |
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3D Printing Benefits and Selected Examples 3D printing technologies can help companies evolve end-to-end manufacturing lines, addressing continuously evolving customer needs and improving capital efficiency September 11, 2017 |
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Six Ways to Gather Customer Feedback Gain insights by measuring how customers adopt and use products April 3, 2017 |
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Dealing with Risks and Failures Do not be afraid to take calculated risks as fear of failure hinders innovation; acknowledge and learn from mistakes March 8, 2017 |
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Consumer goods giant Procter & Gamble disrupts itself by adopting lean strategies, trimming down brand portfolio and incubating new solutions February 14, 2020 |
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App testing company Applause introduced new solution for training and testing artificial intelligence algorithms for quality user experience, accuracy and bias November 8, 2019 |
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Architecture and engineering company EDG using 3D printing to print complex molds for renovation projects June 21, 2018 |
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Macy's launching new technology-enabled initiatives in 2018 under test, iterate and scale innovation model to enhance customer shopping experience March 23, 2018 |
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GE Healthcare opened Innovative Design and Advanced Manufacturing Technology Center for Europe in Sweden, accelerating healthcare product development through 3D printing October 4, 2017 |
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