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Monroe Review

Thursday, April 25, 2024

TEMPERANCE: Lean Startup Workshop - The Art of Working on New Ideas

Art

Temperance issued the following announcement on Nov 9.

The Lean StartUp method champions minimizing waste and doubling down on practices that create value in your business/product.

About this Event

WE HIGHLY ENCOURAGE TO BRING YOUR BUSINESS PARTNER WITH YOU TO FULLY GRASP HOW LEAN STARTUP WORKS

Overview:

Lean StartUp is a method for developing businesses and products. The goal is to iterate your way to a fast-growth business model. The method champions minimizing waste and doubling down on practices that create value. A primary activity is hypothesis driven experimentation also known as the Build-Measure-Learn Loop. The BML Loop zeroes in on riskiest assumptions about ideas and strategies and results in validated learning.

The program introduces Lean StartUp in its simplest and most actionable form. It focuses on core principles and primary techniques. This makes the module relevant to entrepreneurs and intrapreneurs across industries and functional roles.

Who should attend:

People who are new to lean startup and want to apply it in daily work. Lean StartUp is suitable for aspiring/new entrepreneurs as well as business leaders looking for new opportunities in their sector. The Lean StartUp approach has been applied to various sectors.

Objectives - At the end of the program, participants will

Understand the fundamental principles of lean startup

Practice core lean startup techniques: customer interviews & designing experiments on real business challenges or objectives

Have a game plan for de-risking business ideas

Attendees will receive:

Digital copies of Learning Modules and Slides

Digital Certificates

Program Flow:

Part 1 - Morning Session (4 hours)

Why and What is Lean Startup

Building blocks

Assumptions

Build Measure Learn Loop

Basic Experiment Design

Generating Idea Assumptions

Tool: Risky Assumption Matrix

Practicing Lean Startup: Minimum Viable Product Experiment Template

Goal: Problem-Solution Fit; Tool: Problem - Solution Customer Interview

Customer segment generation

Exploration Experiments: Prepare interview questions

Qualifying customer insights

Goal: Product-Market Fit; Tool: Value Proposition Canvas - Customer

Focus on customer segment

Pitch Experiment

Minimum Viable Interaction Experiments

Value Discovery Stream

Wrap Up & Action Times

Part 2 - Afternoon Session (4 hours)

Presentation-Q&A of Experiment Results

Goal: Product-Market Fit ; Tool: Value Proposition Canvas - Product

Pre-prototyping & Rapid Prototyping

Revise customer persona

Prepare experiment

Gather customer insight

Experiment Planning

Practicing Lean Startup

Business Model Fit

Building Operations

Going for Growth

Wrap Up & Take Aways

Original source here.

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