[srijan wednesday webinars] how to build products that customers want
TRANSCRIPT
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How to Build Products That Your Customers Want
Nancy Sharma | Agile Coach, Srijan Technologies@thethinkinhat
#SrijanWW | @srijan
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#SrijanWW | @srijan
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#SrijanWW | @srijan
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#SrijanWW | @srijan
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#SrijanWW | @srijan
“Apply Lean Thinking
to Innovation Process”
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#SrijanWW | @srijan
The goal of the startup is to figure out the right thing - the thing customers want and will pay for - as quickly as possible.
● Inspired by “Lean Thinking”○ Just in time○ Measure driven○ Speed up development cycles
● If you make something that nobody wants, doesn’t matter if you make it on time or budget.● Difficulty of a startup/innovation comes from the inherent uncertainty. They don’t know their
customers or the product they want to build.● Lean startup is a methodology/best practises that help startups to move in right direction quickly by
systematic experimentation.
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#SrijanWW | @srijan
What is Lean Startup?
“Lean Startup” is an approach for launching businesses and products, that relies on validated learning, scientific experimentation, and iterative product releases to shorten product development cycles, measure progress and gain valuable customer feedback.
- Wikipedia
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#SrijanWW | @srijan
What is Lean Startup?
“Lean Startup” is a process for validating and invalidating your assumptions as quickly as possible to discover and deliver what people actually want.
- Me
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#SrijanWW | @srijan
Lean Startup- Principles
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#SrijanWW | @srijan
The Feedback Loop
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❑❑
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“MVP != A Compromise!!”
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#SrijanWW | @srijan
Pivot or PreserveZOOM INZOOM OUTCUSTOMER SEGMENTCUSTOMER NEEDPLATFORMBUSINESS ARCHITECTURE
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#SrijanWW | @srijan
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“Customers care about the problem, not your solution!” Dave McClure
Building this When customer needs this
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#SrijanWW | @srijan
Customer Development
● Focus on your customers, markets from day 1.● Emphasis is on learning and discovery before execution.● Parallel process to Agile Development
Customer- Who is using your
product?
Problem- What problem do they
have?
Solution- How will you solve the
problem?
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#SrijanWW | @srijan
Customer Development - Benefits
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#SrijanWW | @srijan
Lean Canvas
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Test your plan!
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Customer Development
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Customer Development
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Customer Discovery Customer Validation
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*Source - Steve Blank
● Quick, Incremental, minimum features, customer validation/revenue
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#SrijanWW | @srijan
Product DevelopmentTraditional product development has four stages -
❑ Idea/Seed❑ Development❑ Beta Tests❑ Launch
The basic flaws -❑ Customers are no where in the flow chart❑ Emphasis on execution over learning❑ Lack of meaningful sales/marketing milestones
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#SrijanWW | @srijan
Product Development With Lean Startup
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Use of Scientific Methods
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Small batches
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A Perfect Blend?
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There is a scientific method to follow Agile Principles on the business side to validate ideas before starting the product development.
Use the Business Model Canvas to frame hypotheses
Customer Development to get out of the building to test and validate hypotheses
Agile Engineering to build the product iteratively and incrementally
Lean Startup to build products that customers want!!
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#SrijanWW | @srijan
https://www.linkedin.com/in/nancysharma
THANK YOU!LET’S FOCUS ON BUILDING THE “RIGHT” PRODUCT!