Remove Development Remove Innovation Remove Market Risk Remove Technology
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Carey Pellock on HR Leadership for A Better World

HR Digest

The pandemic gave us the opportunity to really test our agility and innovation, and I am proud to say we exceeded expectations, ” she says. “ Our values informed our guiding principles, developed by our CEO and implemented by our Executive Committee, for operating through COVID-19.

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Why Some of the Most Groundbreaking Technologies Are a Bad Fit for the Silicon Valley Funding Model

Harvard Business Review

Over the past few decades, Silicon Valley has been such a powerful engine for entrepreneurship in technology that, all too often, it is considered to be some kind of panacea. The Silicon Valley model, for all of its charms, was developed at a specific time, for a specific industry, which was developing a specific set of technologies.

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When “Scratch Your Own Itch” Is Dangerous Advice for Entrepreneurs

Harvard Business Review

This approach to entrepreneurship increases your market knowledge: as a potential user, you know the problem, how you’re currently trying to solve it, and what dimensions of performance matter. And you can use this knowledge to avoid much of the market risk in building a new product. Disruptive innovation Entrepreneurship'

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Building a Minimum Viable Product? You're Probably Doing it Wrong

Harvard Business Review

But most businesses fail because our assumptions about customer demand are wrong — because of market risk. Test market risk first. These tests substitute human labor for technology, and the human component means we can gather more information from potential customers about their problems and our potential solutions.

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Building a Minimum Viable Product? You’re Probably Doing it Wrong

Harvard Business Review

But most businesses fail because our assumptions about customer demand are wrong — because of market risk. Test market risk first. These tests substitute human labor for technology, and the human component means we can gather more information from potential customers about their problems and our potential solutions.

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The Status Quo Is Risky, Too

Harvard Business Review

If the customers haven’t changed much, point to changes in the competitive environment that make your strategy less sound today than it was when it was developed. Mine societal, economic, political, regulatory, and technological trends to identify any external changes that necessitate a shift in your strategy.

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Entrepreneurship: A Working Definition

Harvard Business Review

The opportunity may entail: 1) pioneering a truly innovative product; 2) devising a new business model; 3) creating a better or cheaper version of an existing product; or 4) targeting an existing product to new sets of customers. For example, a new venture might employ a new business model for an innovative product.