Brainpower - Lessons Learned - class 2
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The document discusses key lessons learned from a lean entrepreneurship class, emphasizing the importance of a customer-focused approach and continuous business model adaptation. It highlights the necessity of engaging potential customers for feedback on new ideas while cautioning against getting lost in details during early development stages. Overall, the focus should remain on value creation and maintaining a high-level overview of the business model.
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Brainpower - Lessons Learned - class 2
- 1. 11/13/2017 Lessons learned from class 2 Lean Entrepreneurship 2017/2018 Authors: Monty Lapuente Gonzalez, Karolina Biernacka, Maggie Lubas, Felix Olenhusen, Mahfooz Malik, Lisbon, 13.11.2017
- 2. 11/13/2017 Finding the right Business Model demands the inclusion of several factors and the focus on value creation for customers Lessons Learned class 2 2. 1. 3. 4. Customer focus is key Fulfilling the customer demand in an appropriate and better way than the competitor has to be at the center of a new business idea. Business Model adaption Changing the business model after questioning your key assumptions is crucial and expected to happen continuously. Getting out of the building Discussion of new ideas within the start up team is important, but it is even more so to involve possible customers and ask them for their opinion. Do not get lost in details We are still in our early stage of the development of a profound business model. Discussion should focus on a high-level view.