Tag: Business Models
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Startup Business Concept Refinement
Refine your business concept by researching available information/knowledge to see what works … try to duplicate those things that don’t affect your unique concept. Validate your product/service value proposition by customer testing using the least costly modeling method (minimal viable product) to find product-market fit & gather feedback from potential customers. SIMPLIFY your “vetting” research…
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SWOT: The Outside Environment Un-Controllable
Strategic inflection points—changes that alter the taken-for-granted assumptions underlying a business model—can feel sudden. In reality, however, they tend to build up slowly, gathering momentum until the transformative shift becomes clear. When these shifts occur companies tend to fall into three categories: The challenge for leaders is: how do they prepare to see an inflection…