The Product Canvas is a powerful tool that helps agile teams create innovative products. It describes the target group as personas and allows capturing the desired user experience including the user interaction and the user interface design.
Robin Good: LeanLaunchLab is a new web-based service which allows a team to develop and track multiple hypothesis for a business model.
The visual approach utilized by Ben Mappen, is similar to that of the Business Model Canvas of Alex Osterwalder, allows the user to easily input business model key variables and to establish task and actions to be taken.
Visualize your business model using the canvas Track hypotheses and experiments Store customer interviews in one place Keep advisors, investors, & managers in the loop.
The VP Designer Canvas will serve as your map to permanently track assumptions and tests, while you’re pivoting through the Lean Startup process. The moment this circle ends is when you’ve achieved a fit between your Value Proposition and what your Customers expect. This is what the startup movement calls product-market fit or problem-solution fit. It’s when you build stuff that customers really want!
Last week one of the schools I teach at invited me to judge a business plan contest. I suggested that they first might want to read my post on why business plans are a poor planning and execution tool for startups. They called back laughing and the invitation disappeared.
At best I think business plan competitions are a waste of time. But until now I haven’t been able to articulate a framework of why or had a concrete suggestion of what to replace them with.
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