Rod's Blog (89)

Resolve Trade-offs Between the BUSINESS MODEL CANVAS, MISSION MODEL CANVAS and LEAN CANVAS: How You Can Simply Have Your Cake and Eat It!

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In the world of startups and entrepreneurship, there seems to be a tessellated or jigsaw-like canvas for every type of project. The basic allure of a jigsaw-like canvas is its use as a visual checklist that facilitates visual and collaborative thinking.

Perhaps, the three most popular canvases are the Business Model Canvas, Mission Model Canvas, and Lean Canvas. Each canvas is presented on a separate page since each has a trade-off that is…

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Added by Rod on April 16, 2017 at 6:31am — No Comments

THE AMBIDEXTERITY PRINCIPLE: How Every Great Leader, Strategist, and Team Creates Win-Win Solutions

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“Human progress greatly depends on our ability to create and adopt win-win solutions.” Rod King

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Harry S. Truman, the 33rd President of the United States, once said:

 Give me a one-handed economist! All my economists say, ''On the one hand, on the other [hand].''”

If I may literally interpret Truman’s quote, Truman was saying that economists tend to offer two unipolar solutions that…

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Added by Rod on August 7, 2015 at 7:00pm — No Comments

A Simple Business Model Classification System for Every Industry on the Planet

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"There are three business model shapes in every industry on the planet." Rod King

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Millions of businesses and myriad business models exist in the world. However, every business or business model has one of three business model shapespipe, valley, or diamond. The graphic below presents a simple business model classification…

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Added by Rod on July 4, 2015 at 6:00pm — No Comments

4Q-Business Model Strip: The DNA of a Faster, Simpler, and Scalable Business Modeling Tool

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"Simplicity is the ultimate sophistication." Leonardo da Vinci

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Of all strategies for business growth, the approach of creating game-changing business model innovation is widely acclaimed as the most profitable and defensible way of growing a business. Extraordinarily successful companies such as Google, Apple, Groupon, Uber, and Airbnb introduced game-changing business models in their industries. From my perspective,…

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Added by Rod on June 7, 2015 at 4:30pm — No Comments

Business Plan vs. Business Model vs. Strategy. Eliminate the Blah-Blah-Blah in Startups & Companies!

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"Strategically executing and pivoting while tactically experimenting with your business model is most likely to translate an explicit vision and business plan into reality." Rod King

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In the world of business today, there are 3 “Musketeer”-questions for which there seem to be a virtually infinite amount of answers or “Blah-Blah-Blah!” Entrepreneurs, strategists, investors, and educators alike are struggling to properly…

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Added by Rod on June 2, 2015 at 7:39pm — No Comments

Management by Business Models (MBM): A Better Way to Design, Analyze, and Manage Businesses

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"A business model describes the way a business sustainably makes profit." Rod King

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Throughout the decades, there have been myriad approaches for designing, analyzing, and managing businesses. One of the most popular and enduring approaches is "Management By Objectives (MBO)." Popularized by Peter Drucker in his 1954 book, "The Practice of Management," Management By Objectives refers to…

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Added by Rod on May 29, 2015 at 7:30pm — No Comments

Are All Ideas, Plans, and Visions Useless?

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"If you don't know where you are going, any road will get you there." Lewis Carroll

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A small but vocal group of consultants are spreading the idea that "ideas and plans are worthless." At best, these people are misguided.

To paraphrase, George Orwell in his classic book, "Animal Farm," I'd say: "All ideas are created equal but some are more equal than…

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Added by Rod on May 20, 2015 at 6:30pm — No Comments

Business Model Strips for Customer Growth Hackers: A New Business Model Notation System

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“Customer Growth Hacking is at the heart of the Entrepreneurial Revolution (ER), the epicenter of which is in Silicon Valley.” Rod King

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First, let’s take a short quiz:

Who is a CUSTOMER GROWTH HACKER?

 1. Is (s)he someone making TRADITIONAL BUSINESS PLANNERS obsolete?

 2. Is (s)he someone making TRADITIONAL MARKETERS obsolete?

 3. Is (s)he someone making TRADITIONAL…

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Added by Rod on May 3, 2015 at 1:06am — No Comments

Customer Growth Hacking for Lean Startups: How Silicon Valley is Creating Billion Dollar $tartups

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Traditional Business Planning theories and tools are becoming obsolete. Traditional Business Planning theories and tools are not keeping pace with the high rate of change and innovation in the startup world. Many startups are no longer using traditional business plans. Many startups do not formally start with applying Porter's Competitive Strategy or Value Chain. For the many billion dollar startups that…

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Added by Rod on April 27, 2015 at 5:30pm — No Comments

Customer Growth Hacking (CGH): The First Thing You Need to Know

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The late Peter Drucker once said, "The purpose of business is to create and keep a customer." How wise!

And what a customer-centric presentation of a business's main goal especially for startups: create and keep customersBut, how can entrepreneurs as well as startups rapidly and inexpensively acquire, retain, and grow customers?

To answer the above question, this article introduces the concept…

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Added by Rod on April 23, 2015 at 7:30pm — No Comments

To Burn a Business Plan or NOT to Burn a Business Plan? Can You Help Me, Now?

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Dear Colleague,

It would not come as news to many that use of the traditional business plan is steadily declining especially in the world of Lean Startups. 

 

Some advocates in the Lean Startup world have even issued a war cry: “Burn the Business Plan!” But, should the business plan be burned?

Right now, we simply do not know whether the business plan should be burned. We…

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Added by Rod on April 14, 2015 at 5:15pm — No Comments

5 Principles for Radically Improving Your Creativity: The O.T.H.E.R. Loop

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"The art and science of invention can be effectively learned as well as taught." Rod King

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Almost twenty years ago, there was a polarizing argument in the magic (conjuring) community. Some magicians were arguing that invention of magic tricks could be learned but cannot be taught. In other words, learning to invent takes place mainly through tacit knowledge and experiential learning. Other…

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Added by Rod on April 11, 2015 at 10:00pm — No Comments

How the Market of Business Model Engines Evolves in the Computing Industry: The 5 Stages

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The computing industry has transformed and continues to transform our lives beyond our wild imaginations. In spite of its transformative power and accelerated rate of change, the computing industry evolves just like other industries as well as living organizations. Products, services, industries, and business models continuously emerge and compete to ideally solve B.U.M.P.S.: Big Urgent Market Problems.

The fractal model of…

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Added by Rod on April 4, 2015 at 7:30pm — No Comments

Lean Business Modeling: Rapidly Visualize, Analyze, and Design Business Models

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"Every system undergoes continuous iteration from the complex through the simple to nothingness while getting its job done. Otherwise, the system dies." Rod King.

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There are two distinct approaches on the spectrum of business modeling: "Fat" Business Modeling and "Lean" Business Modeling. "Fat" Business Modeling includes the first generation of business modeling tools such as Porter's Value…

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Added by Rod on March 31, 2015 at 5:00pm — No Comments

A New Way to Look at Eric Ries's Vision-Strategy-Product (VSP) Pyramid: The Lean Plan

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“A Lean Plan is the modern vehicle for rapidly translating a vision into reality”

Rod King

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Tucked away in Eric Ries's seminal book, "The Lean Startup," is probably the most important tool in the Lean Startup Methodology. It's on page 23 of “The Lean Startup” and it does not even have a formal name in the book. I and other people have called it,…

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Added by Rod on March 25, 2015 at 3:00am — No Comments

LEAN STORYBOARDING: Successfully Facilitate Lean Improvement and Innovation Projects

(WARNING: This is a concept paper on the emerging paradigm of Lean Storyboarding. Some readers may find this article unusually long. But …)

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“The Lean Startup isn’t just about how to create a more successful entrepreneurial business; it’s about what we can learn from those businesses to improve virtually everything we do. I imagine Lean Startup principles applied to government programs, to health care, and to solving the world’s greatest…

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Added by Rod on March 16, 2015 at 9:00pm — No Comments

Lean Startup Snowman for Lean Change & HR Management: Minimize Project Risk and Failure

Living systems including organizations must change or adapt in order to survive as well as grow. However, as we know all too well, change is not easy. In fact, the greater, radical, or more structural the proposed change, the greater the risk of failure. Perhaps, no area demonstrates more failure than the domain of Change Management in business. Large-scale Change Management projects in organizations are notoriously time-consuming and…

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Added by Rod on March 4, 2015 at 6:30pm — No Comments

Business DNA Clock for Investors, Lean Startups, and Product Innovators

*** Why I’m No Longer Using Steve Blank’s Thermometer for the “Investment Readiness Level” ***

On November 25, 2013, Steve Blank wrote in his blog an article, "It’s Time to Play Moneyball: The Investment Readiness Level." I really loved the article especially as it focuses on evidence-based entrepreneurship.…

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Added by Rod on February 21, 2015 at 7:15pm — No Comments

BUSINESS DNA PLAYBOOK: 1-Page Visual Summary of the "Business Theory of Everything"

It is estimated that there are over 10,000 books that are published each year. No doubt, there are myriad ideas, theories, and tools in business. However, these business ideas, theories, and tools are fragmented and do not "speak" a common languageSpecialists from different domains struggle to collaborate or speak a common language for business improvement and innovation projects. Consequently, people in business spend a lot of time and money to understand and…

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Added by Rod on January 30, 2015 at 9:30pm — No Comments

DNA Lean Canvas: How to Quickly Correct Ash Maurya's "Logical Mistakes."

In the Lean Startup world, Alex Osterwalder's Business Model Canvas (BMC) and Ash Maurya's Lean Canvas (LC) are the most popular tools especially for documenting, testing, and validating business model hypotheses. However, there are polarizing views on the content and…

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Added by Rod on January 13, 2015 at 5:30pm — No Comments

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