Remove Development Remove Market Risk Remove Productivity Remove Technology
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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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Building a Minimum Viable Product? You're Probably Doing it Wrong

Harvard Business Review

In creating a minimum viable product , entrepreneurs choose between experiments that can validate or invalidate their assumptions about a business model. If your MVP is a worse product than your imagined final version, success validates your idea; failure, on the other hand, doesn''t necessarily invalidate it. The Two Kinds of MVP.

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

Harvard Business Review

In creating a minimum viable product , entrepreneurs choose between experiments that can validate or invalidate their assumptions about a business model. If your MVP is a worse product than your imagined final version, success validates your idea; failure, on the other hand, doesn’t necessarily invalidate it.

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The Scope of Supply Chain Management in the Corporate Sector

Strategy Driven

Supply chain management has immense potential to enhance business operations, improve productivity, and increase a business’s agility to changing market trends and customer demand. Various entities work together to convert an idea into a product and ensure it reaches the intended customers acting as a loop in the chain.

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

Harvard Business Review

It lies behind successful product companies like Apple, Dropbox, and Kickstarter, but it can also lead entrepreneurs predictably to failure. 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.

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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.

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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.