The document discusses value proposition design and lean startup methodologies. It provides an overview of key concepts from books by Alex Osterwalder on value proposition design and Eric Ries on lean startup. These include the business model canvas, customer profiles, jobs-to-be-done, minimum viable products (MVPs), and the build-measure-learn feedback loop. The document also discusses the importance of cross-functional teams and experimentation to reduce failure rates for new products and startups.
10. WHO ARE YOU?
(1min.)
FIRST NAME
LAST NAME
ROLE
COMPANY DEPT.
(HR, finance, Operation, R&D,
Mrktg, Sales, other, … )
GAME 1 (Yellow POST-it)
12. YOUR INNOVATIVE IDEA (product/service)
FOR THE FUTURE
(2 mins).
IDEA NAME
SKETCH
SHORT DESCRIPTION
(5 words)
NAME of the INVENTOR
GAME 2 (Blue POST-it)
20. a STARTUP
IS a HUMAN
INSTITUTION
DESIGNED
to CREATE
a NEW PRODUCT or
SERVICE
UNDER CONDITIONS
of EXTREME
UNCERTAINTY’
STARTUP (definition from Lean Startup – E.Ries)
21. DID YOU FEEL AS
AN ENTERPRENEURS
IN A STARTUP
QUESTION
25. HOW DID YOU FEEL as
“ENTREPRENEUR” of a STARTUP
APTITUDE
26. DO I KNOW HOW TO START?
(method)
DO I BELIEVE IT POSSIBLE?
(mindset)
HOW MUCH DO I WANT TO DO IT?
(motivation)
low med high
X
X
X
from “A Beautiful Constraint”- A.Morgan & M. Barden
APTITUDE (VICTIM)
27. abbastanza molto
X
X
X
from “A Beautiful Constraint”- A.Morgan & M. Barden
DO I KNOW HOW TO START?
(method)
DO I BELIEVE IT POSSIBLE?
(mindset)
HOW MUCH DO I WANT TO DO IT?
(motivation)
low
APTITUDE (TRANSFORMER)
29. DISOBEDIENT
e
UNRULY
You know and respect the game rules
but you look for the right
TOOLS, METHODS, EXAMPLES, PEOPLE
to overrun them (without breaking)
to change for the better
APTITUDE
31. 2,24 mt – 1968
Dick Fosbury (ingegnere)
OVERRUN
32. WORLD RECORD (ABSOLUTE)
2,45 mt – 1993
Javier Sotomayor
WORLD RECORD JUNIORES INDOOR
2,35 mt – 1978
Vladimir Jaščenko
OVERRUN
33. ME
NOW
MY
NEXT
CHALLENGE
FILL THE GAP FOR YOUR NEXT CHALLENGE
DO I KNOW HOW TO START?
(method)
DO I BELIEVE IT POSSIBLE?
(mindset)
HOW MUCH DO I WANT
TO DO IT?
(motivation)
low
med
high
X
X
X
WHERE ARE YOU? (YOUR Yellow & Blue POST-it)
35. “yes, yes…
it works”
SUCCESS FAILURE
“we should have
done better”
“very difficult to
do worst”
The shadows of a START-UP
QUESTION (YOUR Green POST-it)
36. THE NEED of
A. OSTERWALDER and E.RIES
“I have seen firsthand
how often a promising
start leads to FAILURE.
The grim reality is that
most startups fail. Most
new products are not
successful”
from VALUE PROPOSITION DESIGN – A. OSTERWALDER from LEAN STARTUP – E.RIES
WHY a BOOK?
39. IMPROVE THE CHANCE OF SUCCESS
THE MOST IMPORTANT FACTOR?
1. BUDGET
2. IDEA
3. TIME OF ENTRY
4. TEAM/EXECUTION
5. BUSINESS MODEL
THE SUCCESS FACTOR
40. TIME OF ENTRY TEAM
EXECUTION
IDEA BUSINESS MODEL BUDGET
42 32 28 24 14%
TIME OF ENTRY is “the single biggest reason why startups succeed”
It focused the attention on validation SPEED variable
something that was never discussed before
THE SUCCESS FACTOR
41. READING SUGGESTIONS
FILL THE GAP APTITUDE
VALUE PROPOSITION SKILLS
X
X
X
THE SUCCESS FACTOR
PIT-STOP LEARNING n°2
42. “Only 5% of entrepreneurship is the big idea, the business model, ...
The other 95% is the gritty work that is measured by innovation accounting: product prioritization
decisions, deciding which customers to target or listen to, and having the courage to subject a
grand vision to constant testing and feedback”
ERIC RIES
METHODOLOGY
TOOLS
EXAMPLES
A METHOD
53. MVP (MINIMUM VIABLE PRODUCT)
HOW MANY PERSONS YOU KNOW OWN or ARE
PLANNING TO BUY a “SEGWAY”
with NO HANDLE ?
54. A VIP MVP (a VERY IMPERFECT PRODUCT MINIMUM VIABLE PRODUCT)
HOW MANY PERSONS YOU KNOW OWN or ARE
PLANNING TO BUY a “SEGWAY”
with HANDLES and one SEAT ?
61. MINIMUM VIABLE PRODUCT
BUILD – MEASURE – LEARN
EARLY ADOPTER
LINEAR vs CIRCLE
SILOS vs CROSS FUNCTIONAL
PIT-STOP LEARNING n°3
62. CANVAS DESIGN TEST EVOLVE
VISION STEER ACCELERATE
Customer profile
Value Map
Fit
Prototyping
Starting Points
Making choices
Find the right
Business Model
Designing in established
organization
What to test
Testing step by step
Experiment Library
Bringing it all together
Create alignement
Measure and monitor
Improve relentelessy
Reinvent yourself
constantly
Start
Define
Learn
Experiment
Leap
Test
Measure
Pivot or Persevere
Batch
Grow
Adapt
Innovate
BOOKS INDEX
63. Prototyping
Making choices
Business Model
Testing Measure and monitor
Reinvent yourself
Learn
Experiment
Test
Measure
Pivot or Persevere
Grow
Adapt
Innovate
Customer
Value
Extract HypothesisExtract Hypothesis Prioritize HypothesisPrioritize Hypothesis Design TestsDesign Tests Prioritize TestsPrioritize Tests Run TestsRun Tests Capture LearningCapture Learning Make ProgressMake Progress
THE PROCESS
64. CREATING A NEW PRODUCT, SERVICE, BUSINESS
ANDREW
IDEA
IRINA
IDEA
JAMES
IDEA
HENRY
IDEA
ANNA
IDEA
ALICE
IDEA
ALEX
IDEA
SARA
IDEA
TIM
IDEA
MEI
IDEA
BEATRIX
IDEA
THE STARTING POINT
66. George Foreman vs Muhammad Ali
October, 30th 1974 – Kinshasa (Congo)
Michael Chang vs. Ivan Lendl
Roland Garros 1989
HOW DID THEY THINK OF THAT?
67. CREATIVE CONFIDENCE
Tom and David Kelley
LATERAL THINKING
Edward de Bono
HOW TO FILL THE EMPTY PAPER (SUGGESTION n°1)
68. Early in the morning before waking up
Under the shower
Driving to work
On the train or the plane
Taking out your dog
Singing and dancing
Reading a book
Running
...
WHERE and WHEN IDEAS COME (SUGGESTION n°2)
73. Art Fry sang in his church choir
and he used slips of paper to mark
the pages of his work book
Art Fry - Inventor 3M
1973
MARKET PULL
74. Art Fry
(EARLY ADOPTER)
has the intuition to
use the
SUPERSTRONG
FAILED GLUE to fix a
personal problem
and discovering a
new opportunity
1973
Spencer Silver
(SILOS TEAM for AEROSPACE)
SUPERSTRONG-GLUE TEST
FAILURE
1968
MARKET PULL (BEHAVIOUR INNOVATION)
79. EMPTY PAPER vs WRITTEN IDEA
HOW TO FILL THE EMPTY PAPER
4 SUGGESTIONS
INVENT-IMPROVE-EXTEND STAGES
BEATRIX
IDEAvs
TECHNOLOGY PUSH
MARKET PULL
PIT-STOP LEARNING n°4
80. Extract HypothesisExtract Hypothesis Prioritize HypothesisPrioritize Hypothesis Design TestsDesign Tests Prioritize TestsPrioritize Tests Run TestsRun Tests Capture LearningCapture Learning Make ProgressMake Progress
VALUE PROPOSITION CANVAS (TOOL n°1)
86. FitFit
NEW PRODUCT
NEW SERVICE
(Value Map)
CUSTOMER PROFILE
Business book
reader
VALUE
PROPOSITION
DESIGN
(book)
from VALUE PROPOSITION DESIGN – A. OSTERWALDER
VALUE PROPOSITION CANVAS
88. Looks good with
Colleagues, boss,
clients
Minimize
risk
Make things
People want
Find, Learn
Applying a method
Comunicate well
ideas
Business book
reader
Improve skill set
+
Advance career
Keep
updated
Make decision
With confidence
Improve
or build
a business
from VALUE PROPOSITION DESIGN – A. OSTERWALDER
CUSTOMER JOB
89. Boring
content
No clear path
To apply a method
Going down
Wrong path
Wasting time
With ideas
That don’t work
Too much
theory
Lack of
time
Making things
Nobody wants
No budget
Business book
reader
from VALUE PROPOSITION DESIGN – A. OSTERWALDER
PAIN
90. Clear indicator
To measure
progress
Can apply
With
confidence
Connect with
Like-minded
people
Lead to better
collaboration
Concrete
Suggestions
Applicable
ideas
Easy to
understand
Helps me
Comunicate
My ideas
Lead to results
Business book
reader
from VALUE PROPOSITION DESIGN – A. OSTERWALDER
GAIN
91. from VALUE PROPOSITION DESIGN – A. OSTERWALDER
CUSTOMER PROFILE (FILLED)
Looks good with
Colleagues, boss,
clients
Minimize
risk
Make things
People want
Find, Learn
Applying a method
Comunicate well
ideas
Improve skill set
+
Advance career
Keep
updated
Make decision
With confidence
Improve
or build
a business
Boring
content
No clear path
To apply a method
Going down
Wrong path
Wasting time
With ideas
That don’t work
Lack of
time
Making things
Nobody wants
Manca
budget
sufficientet
Essere
associato ad
un fallimento
Too much
theory
Clear indicator
To measure
progress
Can apply
With
confidence
Connect with
Like-minded
people
Lead to better
collaboration
Concrete
Suggestions
Applicable
ideas
Easy to
understand
Helps me
Comunicate
My ideas
Lead to results
Business book
reader
92. No Budget
Aiuto in
condizione di
stallo
INSIGNIFICANT
IMPORTANT
MODERATE
EXTREME
NICE TO HAVE
ESSENZIALE
from VALUE PROPOSITION DESIGN – A. OSTERWALDER
PRIORITIZE
Comunicate well
ideas
Boring
content
No clear path
To apply a method
Going down
Wrong path
Wasting time
With ideas
That don’t work
Lack of
time
Making things
Nobody wants
Too much
theory
Looks good with
Colleagues, boss,
clients
Minimize
risk
Make things
People want
Find, Learn
Applying a method
Improve skill set
+
Advance career
Keep
updated
Make decision
With confidence
Improve
or build
a business
Clear indicator
To measure
progress
Can apply
With
confidenceConnect with
Like-minded
people
Lead to better
collaboration
Concrete
Suggestions
Applicable
ideas
Easy to
understand
Helps me
Comunicate
My ideas
Lead to results
93. PRODUCTS &
SERVICES DETAILS
PAIN RELIEVERS
GAIN CREATORS
VALUE
PROPOSITION
DESIGN
(book)
from VALUE PROPOSITION DESIGN – A. OSTERWALDER
VALUE MAP
95. Helps shape
ideas
Helps create
Products people
want
Istruzioni
step by step Helps understand
What matters
Proven + effective
Suite of tools
Shared language
To communicate
Access to
Advances material
VALUE
PROPOSITION
DESIGN
(book)
Enable practice
+
Skills assessment
Software supported
methodology
from VALUE PROPOSITION DESIGN – A. OSTERWALDER
GAIN CREATORS
96. VALUE
PROPOSITION
DESIGN
(book)
Formato pratico,
divertentye
Facile, poche barriere
Minimize risk of
Big failure Integrated with other
Business methods
Integrated with
Business Model Canvas
Brief, clear,
Applicable content
Engaging online
Multimedia content
from VALUE PROPOSITION DESIGN – A. OSTERWALDER
PAIN RELIEVERS
97. VALUE
PROPOSITION
DESIGN
(book)
from VALUE PROPOSITION DESIGN – A. OSTERWALDER
NEW PRODUCT or SERVICE (FILLED)
VALUE
PROPOSITION
CANVAS
Book
Online exclusive
companion
Online exercise,
materials, tools
template
community
Online course
Web app
Formato pratico,
divertentye
Facile, poche barriere
Minimize risk of
Big failure Integrated with other
Business methods
Integrated with
Business Model Canvas
Brief, clear,
Applicable content
Engaging online
Multimedia content
Helps shape
ideas
Helps create
Products people
want
Istruzioni
step by step Helps understand
What matters
Proven + effective
Suite of tools
Shared language
To communicate
Access to
Advances material
Enable practice
+
Skills assessment
Software supported
methodology
98. NICE TO HAVE
ESSENTIAL
NICE TO HAVE
ESSENZIALE
NICE TO HAVE
ESSENTIAL
from VALUE PROPOSITION DESIGN – A. OSTERWALDER
PRIORITIZE (Home work)
100. CHECK on PAPER CHECK in MARKET CHECK in the BANK
√
√
√
√
Pain e Gain
FIT
Pain Relievers e Gain Creators
FIT
Business Model
FIT
from VALUE PROPOSITION DESIGN – A. OSTERWALDER
3 FIT CHECKS
110. VALUE PROPOSITION CANVAS
UNDERSTANDING THE CUSTOMER
STRATEGY CANVAS vs COMPETITORS
6 THINKING HATS to test your
VALUE PROPOSITION
PIT-STOP LEARNING n°5
111. Extract HypothesisExtract Hypothesis Prioritize HypothesisPrioritize Hypothesis Design TestsDesign Tests Prioritize TestsPrioritize Tests Run TestsRun Tests Capture LearningCapture Learning Make ProgressMake Progress
TEST & MEASURE
116. PRO
PHOTOS
GOAL: increase the number of night
LEAP OF FAITH: using PRO photos will increase the
number of nights booked
TEST: recruiting few good photographer for a
shooting in few houses.
GOAL REACHED: if at least 70% of the houses with
PRO photos show an increase of 50% of nights
booked
HYPOTHESI after the TEST : PRO photo sctually help
to book more nights per house.
WHAT WE HAVE OBSERVED: house with PRO photo
of each spaces perform better than house with PRO
photo of limited rooms/spaces. The service perform
better for house with 150euros and higher rent
WHAT WE HAVE LEARNED: both photo quality and
photo of all the spaces are very important issue to
have.
NEXT STEP: one more test on different house in
different cities.
ONE MORE EXAMPLE
117. Extract HypothesisExtract Hypothesis Prioritize HypothesisPrioritize Hypothesis Design TestsDesign Tests Prioritize TestsPrioritize Tests Run TestsRun Tests Capture LearningCapture Learning Make ProgressMake Progress
MAKE PROGRESS
133. from GOOGLE IMAGES
“store closing blockbuster” research
STORE CLOSING
THIS LOCATION ONLY!!!
DECLINE STAGE
134. from www.businessinsider.com - Netflix's website in 1999 looked nothing like it does today - (2016)
I CAN’t IMAGINE SOMETHING MORE
“HARDWARE”
2004 (DVD rental delivered to you shipped by POST SERVICE)
135. from www.businessinsider.com - Netflix's website in 1999 looked nothing like it does today - (2016)
I CAN’t IMAGINE SOMETHING MORE “SOFTWARE”
2008 (Unlimited streaming easier than you think, FREE TRIAL)
137. from www.businessinsider.com - Netflix's website in 1999 looked nothing like it does today - (2016)
2014 (WATCH ANYTIME and ANYWHERE, START YOUR FREE MONTH)
138. 1000$ in Netflix
(2007)
50x
(2017)
from http://www.visualcapitalist.com
A Decade Later: What $1K Invested in These Stocks is Worth Today (2017)
WHY DON’T YOU BUY SHARES? (2007-2017)
140. Do you remember
“HOUSE of CARDS”
from https://www.polygon.com/2017/10/30/16575426/house-of-cards-ending
2017-PIVOT LESSON (NO FEAR to stop the FIRST ORIGINAL SERIES)