Remove Business Model Remove Focus Group Remove Operations
article thumbnail

5 Leadership Lessons for Every Entrepreneur

Strategy Driven

Focus on Customer Value “The customer is always right” might come off as a cliché to you, and the reason might be its excessive use in the business world. Putting customers at the center of your business model has many benefits. That being said, let’s look at why this phrase is repeated so frequently.

article thumbnail

Your Innovation Problem Is Really a Leadership Problem

Harvard Business Review

I featured Ronn, a former P&G executive (and current executive coach and entrepreneur), in several places in The Little Black Book of Innovation , most notably for his rant against the evils of focus groups. Ronn is thoughtful, widely read, a seasoned practitioner, and a great communicator.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

NewTV Is the Antithesis of a Lean Startup. Can It Work?

Harvard Business Review

These bubble startups were actually guessing at their business model and did premature and aggressive hype and early company launches and had extremely high burn rates — all predicated on the idea that they would IPO to raise more cash. Yet while we had plenty of tools for execution, we had none for search. So we built them.

IPO 8
article thumbnail

Capturing the Innovation Mindset at Bally Technologies

Harvard Business Review

Focus groups are also used to understand how engaging the games are, whether they need to be redesigned or fine-tuned, and whether the opportunity needs to be shaped before it becomes practical. This provides the casino operators an enterprise-wide view of what works, what doesn’t, and what actions to take to improve performance.

article thumbnail

The Big Picture of Business: The Colonel and Me

Strategy Driven

It occupied one counter at 2-J’s Hamburgers, an established Austin restaurant, owned and operated by Ralph Moreland. There I was on live radio, interviewing Colonel Sanders about his new business enterprise. ’ I commissioned focus groups. Extend your business model beyond what it once was and into new sectors.

article thumbnail

6 Ways to Build a Customer-Centric Culture

Harvard Business Review

Others lack the processes and operational capabilities to target them with personalized communications and experiences. To build a customer-centric culture, business leaders should take six actions: Operationalize customer empathy. The volume, velocity, and variety of customer data that now exists overwhelms many organizations.

article thumbnail

How Atrius Health Is Making the Shift from Volume to Value

Harvard Business Review

A team of engineers, designers, operations specialists, and clinicians was assembled and led by an experienced, well-respected physician “chief engineer” whose vision for the future of care was disruptive. The innovation and operations teams must work together and negotiate the use of these resources. Protect the work.