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Projects are making advancements in introducing services and products based on the latest technologies into the silver market. However, some projects have failed to deliver values or results, but some have succeeded.
WHY PROJECTS FAILS
No real passion (partners are not seriously trying to get it to work)
Wrong partner leading business/commercialization activities (commitment is important, the right organization for the role is needed)
Developing a "stand-alone business model" (lack of understanding links between business models and the dynamic nature of the marketplace)
Business models are not sustainable (prices are too high or costs are too high)
Not understanding institutional and market forces (regulatory issues or policy changes in countries, the speed of the technological advancement)
No real need for the product or service in the marketplace (confusing end-user needs and customer needs).
WHY PROJECT SUCCEEDS
At least one talented person and organization is very passionate about the business opportunity.
The project is aligned with the company's goals and strategy.
There is a proven demand in the marketplace.
The project is able to design attractive value propositions for key stakeholders.
The product is commercially viable.
Non-profit needs to cover costs
For-profit needs to make a profit.
Traditionally R&D joint projects are too slow and inflexible to be competitive with faster market players. The majority of projects start BUSINESS DEVELOPMENT too late and work in long iterations.
They often realize too late that the solution does not have commercial potential.
This 45-slide PowerPoint document introduce an Agile tool kit with innovation sprint that helps projects to increase the speed of business development and to re-focus resources on things that matter.
Got a question about the product? Email us at [email protected] or ask the author directly by using the "Ask the Author a Question" form. If you cannot view the preview above this document description, go here to view the large preview instead.
Source: Best Practices in Value Proposition, Business Model Canvas, Business Model Innovation PowerPoint Slides: Business Development In Projects - An Agile Toolkit PowerPoint (PPTX) Presentation, RadVector Consulting
ABOUT THE AUTHOR: RADVECTOR CONSULTING
We are a group of aviation experts & specialists (PhDs, Engineers, Pilots, Navigators, ...), leaders in helping organizations to transform their business performance using Methodologies and Principles of Lean, Agile, Six Sigma, and Innovation.
RadVector Consulting has published 73 additional documents on Flevy.
This business document is categorized under the function(s): Organization, Change, & HR Strategy, Marketing, & Sales
It applies to All Industries
File Type: PowerPoint (pptx)
File Size: 2.7 MB
Number of Slides: 45 (includes cover, transition, & marketing slides)
Related Topic(s): Value Proposition Business Model Canvas Business Model Innovation
Purchase includes lifetime product updates. After your purchase, you will receive an email to download this document.
Initial upload date (first version): Dec 19, 2022
Most recent version published: Dec 21, 2022
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