Innovators have a new dilemma. While it is cheaper than ever to achieve problem/solution fit, the rate of change makes it expensive and difficult to maintain product/market fit.
Companies need to do more than just apply Lean Startup concepts, they need a holistic focus on three key areas:
1. Lean Startup
2. Business Model Innovation
3. Continuous Delivery
The Dangers of a Myopic Approach
Though leveraging all three at once may seem overwhelming, those who do so can thrive in extreme uncertainty. To see why, let’s start by breaking down the dangers of only focusing on one of these key ingredients. [Read more...]