Stop wasting time and money on bad ideas. Empower your organization with the scientific method to run experiments at scale and deliver better products to market.
Things can breeze past in Brissie.
Whether its Steve Renouf ripping through the opposition or Anthony Milford mowing down defences, speed is the name of the game.
And that applies just as much to business as it does the Broncos.
Think that speed automatically translates to Brisbane-based enterprises?
You’re dreeeeamin’!
When it comes to bringing new products or services to market, many organizations sprinting through the marketplace like a greyhound, when in reality they’re moving at the pace of a koala at Lone Pine!
In today’s rapidly-developing business landscape, companies through Queensland, down the east coast, oh...and let’s face it, the entire world, need to be quick out of the blocks if they hope to see 2030.
Sadly, succumbing to into the trap of innovation theatre is easy.
However, performance is best saved for the Powerhouse, not within your organization!
We help organizations go beyond the play-acting to creating a culture that embraces and makes efficient use of lean startup principles.
We’ve worked companies like Village Roadshow, AGL and Fox Sports, and have the necessary know-how to get you moving, learning and succeeding faster than ever.
Our pool of multi-disciplinary talent is works across the Nullarbor and they’re ready to help you take on the mindset that’s helped the likes of Uber, Tesla and Amazon make the hard yards look easy.
In today’s fast changing and uncertain business landscape, the organizations that learn the fastest - and make better decisions as a result - will win.
While many organizations find themselves flush with employee ideas, they have no meaningful way to take those ideas further, short of over-investing in full-blown product development, which often turns out to be a costly mistake.
Organizations of all sizes are embracing the lean startup to help them take ideas further, and place many small bets, instead of few large ones.
This helps organizations improve their likelihood of finding product market fit for new product and service ideas, and avoid wasting time and money on the wrong ideas, or worse still, doing anything at all.
The lean startup supports quickly, cheaply and effectively testing assumptions underpinning an idea.
It’s about designing experiments to observe what customers will do in the real world, not just what they say.
It empowers managers to make better investment decisions, supported not by what market research reports, group-think, politics or the highest paid person say, but by what customer behaviour tells us.
We’ve worked with some of the world’s largest brands to deliver lean startup training and empower organisations to build, measure and learn much faster than they ever have before - something key to not only thriving, but also surviving in the 21st Century.
Design thinking is not just for product teams. It can be used by people from across your organization to solve whatever problems they are faced with.
Our lean startup training can be delivered face to face, online or via a blended delivery model and can be customised to your organization’s unique requirements.
Participants are encouraged to bring real-world projects to the training and apply concepts learned in real-time to generate measurable business outcomes.
- More than 70% of IT projects fail
- More than 80% of new ideas at large companies fail
- More than 95% of startups fail
Why?
Because they all race ahead and develop products and features that nobody wants or wants bad enough to pay what’s required to generate sustainable growth.
A startup is just a temporary organisation searching for product market fit.
As such, when a corporate innovation team is searching for product market fit for a new concept they are effectively a startup and the same rules apply. Therefore, they need to embrace the mindset, methods and tools that a startup uses to find product market fit, at least in the early stages of an innovation project, to maximise their likelihood of success.
The lean startup provides a framework to quickly, cheaply and effectively test assumptions underpinning an idea - the problem, the solution, the features, target customer segments, distribution channels, marketing channels, revenue models and more - which allows managers to make better investment decisions supported not by what market research reports prepared by research houses tell us (usually an indicator of the past) but what customer behaviour tells us. This goes far beyond focus groups which fail because test cases are usually (a) paid to be there, (b) influenced by the vocal majority in the room and (c) not actually asked to pay for something.
Being 1.5X or 2X better is no longer enough. There are so many factors influencing buyer behaviour including customer experience, switching costs, social proof, price, quality, support, brand, noise and more importantly whether your product is 10X better than what they’re currently using or how they’re currently solving a problem. In a world full of noise and an endless stream of marketing messages, the only way you will stand out and get people’s attention to the point where they are compelled to act is by being 10X better.
The effects of the lean startup bootcamp that Sportsbet employees took part in are still being felt over a year later. Bootcamp participants are questioning things, running lean experiments where they’re not sure of the answers and moving faster to get better results.
This ebook provides you with not only an overview of the lean startup methodology, but how to apply it at a large organization.
Download Guide »Steve Glaveski is the founder and CEO of Collective Campus, and his mission is to unlock the latent potential of people to create impact in the world and lead more fulfilling lives.He co-founded children’s entrepreneurship program, Lemonade Stand, is the author of several books, including Wiley book Employee to Entrepreneur: How To Earn Your Freedom and Do Work That Matters, is a contributor to the Harvard Business Review and hosts the award-winning Future Squared podcast. He previously worked for the likes of EY, KPMG, Westpac and Macquarie Bank.