A note on business design and agile approach to a business strategy
Saturday 21 September 2024 at 15:42
Visible to anyone in the world
The modern world is changing faster than ever. In order to be able to respond to these changes and to adapt well, we as business people, entrepreneurs need to be flexible and agile. Sounds obvious, isn't it?
The challenge is about every day of execution. Being persistently and methodically flexible and agile day by day - in order to understand the reality and to adapt to it. In other words that simply means: being able to understand what people need and if they are willing to pay for it, finding if there are enough such people. And then embedding this into a right business model to be able to operate at the right scale.
That is a process - a real job every entrepreneur needs to do - regardless if the one is engaged in a startup or mature company.
What happens when this is neglected?
Disastrous things are happening. Recently I recorded a video about an entrepreneur who invested 50k in a retail business just to get 3 customers in 3 weeks after launching (you can watch it here: https://youtu.be/gDEH2Xk7m0g ).
You can say: how it is possible (BTW I have answered this question in a video)? That has to be just bad luck. Unfortunately it is not. Believe me it is pretty common. Definitely more frequent than it should be. I learnt plenty of such case studies in my professional practice.
So, yes, agile approaches can help us to succeed and/or avoid a big failure. And this is what I intend to write about here - if I stick to my resolution
A note on business design and agile approach to a business strategy
The modern world is changing faster than ever. In order to be able to respond to these changes and to adapt well, we as business people, entrepreneurs need to be flexible and agile. Sounds obvious, isn't it?
The challenge is about every day of execution. Being persistently and methodically flexible and agile day by day - in order to understand the reality and to adapt to it. In other words that simply means: being able to understand what people need and if they are willing to pay for it, finding if there are enough such people. And then embedding this into a right business model to be able to operate at the right scale.
That is a process - a real job every entrepreneur needs to do - regardless if the one is engaged in a startup or mature company.
What happens when this is neglected?
Disastrous things are happening. Recently I recorded a video about an entrepreneur who invested 50k in a retail business just to get 3 customers in 3 weeks after launching (you can watch it here: https://youtu.be/gDEH2Xk7m0g ).
You can say: how it is possible (BTW I have answered this question in a video)? That has to be just bad luck. Unfortunately it is not. Believe me it is pretty common. Definitely more frequent than it should be. I learnt plenty of such case studies in my professional practice.
So, yes, agile approaches can help us to succeed and/or avoid a big failure. And this is what I intend to write about here - if I stick to my resolution
Thanks for reading.
Witold