BUSINESS GOALS AND LIMITATIONS

BUSINESS GOALS AND LIMITATIONS Our goal? How will we know that we have succeeded? The business problem we are solving: What do we need to take into...
Author: Arnold Reeves
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BUSINESS GOALS AND LIMITATIONS Our goal?

How will we know that we have succeeded?

The business problem we are solving:

What do we need to take into account?

What restricts us? (Budget, Schedule, Organization, Legal, Current business,…)

(Brand strategy,….)

LEAN SERVICE CREATION SERVICE VISION SPRINT

Improve

BUILDING THE FIRST COMMERCIAL VERSION OF THE PRODUCT: MINIMAL VIABLE PRODUCT

BUILD

LEARN

Improve Improve

BUSINESS NEED

SERVICE VISION FOR THE MVP

FIND A PROBLEM WORTH SOLVING Days to Weeks

CONTINUOUS DEVELOPMENT FINDING PRODUCT MARKET FIT

GROWTH HACKING

Weeks to Months

Months to Years

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MEASURE

IMMERSION

- To know where you are and to build on top of others work.

Your best guess of the customers problem

Competitors from customer’s perspective

Competitors within our business domain :

Hottest start-ups:

How could current business be disrupted:

Hot names:

Inspiring services & products:

Public debate around the topic:

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DATA

- Know your numbers and facts

What data do we need?

List the relevant data sources:

Key findings of users from the DATA:

Key opportunity related to the users:

Key findings of our and others business based on the DATA:

Key opportunity related to the business/ competitors:

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SEGMENTATION - Choose who you aim to serve. Common in all user segments:

Segment name: Description:

Problem (assumed) worth solving:

Main segment? Why/why not?

LOVE THE PROBLEM NOT THE SOLUTION

Segment name: Description:

Problem (assumed) worth solving:

Main segment? Why/why not?

LOVE THE PROBLEM NOT THE SOLUTION

Segment name: Description:

Problem (assumed) worth solving:

Main segment? Why/why not?

LOVE THE PROBLEM NOT THE SOLUTION

Lean Service Creation Toolbox by Futurice Ltd is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.

LEAN SERVICE CREATION

INSIGHT – Deep understanding of the customer’s motivations that unlocks a business opportunity Insert problem interview script here

Example “Problem interview” script Welcome (2min) Short intro what you are doing. Make the person comfortable. Essential demographics

Introduction Setting the atmosphere The actual data gathering

Motivations and big picture Without talking about the solution get the person to talk about the problem on hand and ask why… (“ ask the person to describe when did she last time have an IT problem? What did she do to fix it? What were the pain points? Why did she do as she did? Follow contradictions...”) Ask the person to evaluate the problems associated to the topics: Problem 1-3: How important? How big problem? How is it solved currently?

Ending Immediate thoughts

Thank you!

Needs + other key findings:

Thinks and feels:

Surprised us:

Needs + other key findings:

Thinks and feels:

Surprised us:

Needs + other key findings:

Thinks and feels:

Surprised us:

Needs + other key findings:

Thinks and feels:

Surprised us:

Needs + other key findings:

Thinks and feels:

Surprised us:

Name:

Name:

Name:

Name:

Name:

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LEAN SERVICE CREATION

IDEATION Ideas that fill the user need/ problem

User need/problem Write it down on a high enough level so that your ready made idea is not the only solution to it.

Ideas that fix, eliminate or reduce the user pain

Negative emotions/aspects related to the user need

Lean Service Creation Toolbox by Futurice Ltd is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.

L J

Positive emotions/aspects related to the user need

The Value Proposition Canvas is the property of Strategyzer.com and Strategyzer AG. www.strategyzer.com

Ideas that take the best out of the positive

LEAN SERVICE CREATION

CONCEPT AND VALUE PROPOSITION Concept name?

How does it work?

Value to the end-user?

What differentiates it from other solutions to the same problem?

Value to our business?

LOVE THE PROBLEM NOT THE SOLUTION

Written value proposition: Headline:

Main points:

•  Description

•  •  • 

Lean Service Creation Toolbox by Futurice Ltd is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.

The Value Proposition Canvas is the property of Strategyzer.com and Strategyzer AG. www.strategyzer.com

LEAN SERVICE CREATION

PROFILING THE CONCEPT – It’s time to face the wet blanket Good idea? Best ever!

Perfct fit

None

How does it work

Competition

Doesn’t fit

Value proposition:

Hard

Fits our strategy?

Sorry to say, it sucks!

Complex

Straight forward

Implementation

SHOULD WE PROCEED? No!

Lean Service Creation Toolbox by Futurice Ltd is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.

We have to iterate

The Value Proposition Canvas is the property of Strategyzer.com and Strategyzer AG. www.strategyzer.com

Yes!

LEAN SERVICE CREATION

FAKE ADVERTISEMENT – The value proposition prototype

HOW DO USERS FEEL WHEN THEY USE THE PRODUCT?

WHAT IS THE BRAND PERSONALITY? •  •  •  •  •  • 

Describe yourself as a person? What car make would you be? What restaurant? What city? What singer/actor? What animal?

Picture FAKE

ADVERTISEMENT THE FIRST PROTOTYPE

Caption

Headline Copy

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The first prototype to measure actions in solution interviews. • 

Is it clear and focused?

• 

Is it written in consumer language?

• 

How is it inspirational? Does it generate emotion? What is it that would motivate people about this proposition?

• 

Is it fact based?

• 

Will it make the target consumer react because it has touched a nerve and is relevant?

• 

Does it really stand out? Is it different? What key elements are different? (Simplicity, price, looks…)

• 

What are the proof points that back up the value prop and give substance to the proposition?

• 

Does it fit with your brand?

• 

Does it address the agreed business objective?

• 

Is it actionable and does it lead to inspiring and differentiated communication?

FAKE IT TILL YOU MAKE IT.

WHAT IS THE FIRST TWEET WE SEND TO LAUNCH THE NEW PRODUCT?

LEAN SERVICE CREATION

VALIDATION- don’t assume, validate. Do what ever it takes to prove your concept is bad. HOW TO VALIDATE YOUR VALUE PROPOSITION

HOW TO VALIDATE YOUR SEGMENTATION

HOW TO VALIDATE YOUR SEGMENTS WILLINGESS TO PAY

LEAN

RESULTS

RESULTS

RESULTS

CONCLUSION

CONCLUSION

CONCLUSION

What size?

How much? €

SE RV

ICE C

REAT

IO N

€ NEEDS MORE VALIDATION

NEEDS MORE VALIDATION

READY TO PAY

NOT READY TO PAY

LARGE ENOUGH USER BASE

TOO SMALL SEGMENT

GOOD VALUE PROPOSITION

VALUE PROPOSITION DOESN’T WORK

SOLID EVIDENCE

SOLID EVIDENCE

SOLID EVIDENCE

NEEDS MORE VALIDATION

SHOULD WE PROCEED? No! Lean Service Creation Toolbox by Futurice Ltd is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.

We have to iterate

Yes!

LEAN SERVICE CREATION

CUSTOMER ENGAGEMENT- How do we make people advocate the service AWARENESS

USE Key activities:

Key resources:

Key partners:

What Key Activities do our Value Propositions require? Our Distribution Channels? Customer Relationships? Revenue streams?

What Key Resources do our Value Propositions require? Our Distribution Channels? Customer Relationships? Revenue Streams?

Who are our Key Partners? Who are our key suppliers? Which Key Resources are we acquiring from partners? Which Key Activities do partners perform?

Lean Service Creation Toolbox by Futurice Ltd is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.

This canvas has elements from the Business Model Canvas ioriginally by Strategyzer AG.

LEAN SERVICE CREATION

BUSINESS MODEL & MARKET SIZE – Making sure there is the business Who pays whom? How much?

What is the revenue model?

How are customers paying today? How much?

€ Where and how do you anchor the price perception?

Total addressable market:

1st year sales:

Plan for 1st month sales:

How much? How? To whom? Who?

Potential target market:

Cost structure?

Key elements for EBIT?

Lean Service Creation Toolbox by Futurice Ltd is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.

This canvas has elements from the Business Model Canvas ioriginally by Strategyzer AG.

LEAN SERVICE CREATION

USER

FRONT OFFICE

BACK STAGE

SUPPORT

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LEAN SERVICE CREATION

PROCESS What happens in the ecosystem?

EXTERNAL

What do your employees or system do behind the scenes?

INTERNAL PROCESS

What happens here?

ACTIVITY

What do the user and employee use for this?

TOUCH POINT

What does the user do in this step?

ACTIVITY

STEPS

NOTICE, UNDERSTAND, BE TRIGGERED

BEFOREHAND

SERVICE BLUEPRINT

DECIDE TO USE, FIRST USE, HELP WITH PROBLEMS

USING THE SERVICE

RELATIONSHIP BUILDING, STIMULATING RE-USE

AFTER USE

EXPERIMENTING - Finding the answers before building it.. HOW TO EXPERIMENT

SUCCESS CRITERIA

KEY FINDINGS

IF THE CONCEPT/BUSINESS WON’T WORK IT FAILS DUE TO:

OUR MAIN ASSUMPTIONS

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LEAN SERVICE CREATION

LOVABLE

MINIMUM VIABLE PRODUCT- nothing but the essential What is in the MVP?

What is not in the MVP?

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LEAN SERVICE CREATION

MVP BACKLOG

- What is in between current state and the launched MVP

RIGHT NOW WHAT IS THE MOST CRITICAL… TECHNICAL ISSUE?

BUSINESS QUESTION?

STORIES

END USER VERIFICATION?

TO DO

IN PROGRESS

DONE

BUILD

LEARN

MEASURE

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LEAN SERVICE CREATION

WHAT TO MEASURE

- MVP is out. What to measure to make it rock?

VALUE PROPOSITION METRICS [customer’s problem]

[insert metrics here]

LOVE THE PROBLEM NOT THE SOLUTION

SERVICE METRICS [most important service elements]

[insert metrics here]

BUSINESS METRICS [your business goal]

[insert metrics here]

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LEAN SERVICE CREATION