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I spent the month of September lecturing, and interacting with (literally) thousands of entrepreneurs in two emerging startup markets, Finland and Russia. Ironically one of the things that’s holding back the Finnish cluster is Tekes , the government organization for financing research, development and innovation in Finland.
Finland itself has significant engineering talent, and is also attracting entrepreneurs from Russia and the former USSR. Filed under: BusinessModel versus Business Plan , CustomerDevelopment , Teaching , Venture Capital. Finnish culture makes risk-taking and sharing hard.
I spent the month of September lecturing, and interacting with (literally) thousands of entrepreneurs in two emerging startup markets, Finland and Russia. Steve Blank is a retired serial entrepreneur, educator, thought leader and creator of the rigorous "CustomerDevelopment" methodology detailed in his book, "The Four Steps to the Epiphany."
It taught lean theory ( businessmodel design , customerdevelopment and agile engineering) and practice. Now, 4 years after I arrived at BerkeleyHaas, we don’t teach business plan writing in any of our entrepreneurship classes or in any of our dozens of programs and competitions. Berkeley-wide.
The dysfunctional family theory may explain why founders who excel in the chaotic early phases of a company throw organizational hand grenades into their own companies after they find a repeatable and scaleable businessmodel and need to switch gears into execution. Let me know what you think. Comments and brickbats welcomed.
With an out-of-this-world business plan. First, the company bought a fleet of 15 rockets from Russia, the U.S. But Iridium’s businessmodel assumptions were fixed like it was still 1990. No Business Plan Survives First Contact With A Customer. Business plans are the leading cause of startup death.
China, Russia, Brazil, India, Indonesia all meet those criteria. The biggest mistake for most of these startups was not understanding that optimizing their businessmodel for the 24 million people in the Australian market would not prepare them for the size and scale they needed to get to big. Outside the U.S.
For those who don’t know, I wrote the book Open Innovation in 2003, and followed it with Open BusinessModels in 2006, and Open Services Innovation in 2011. A startup is a temporary organization in search of a repeatable, scalable businessmodel. When companies want to innovate a new businessmodel (vs.
The model described innovation occurring in three time horizons : Horizon 1 ideas provide continuous innovation to a company’s existing businessmodel and core capabilities. Horizon 2 ideas extend a company’s existing business/model and core capabilities to new customers, markets or targets.
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