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Corporate Innovation:
What Corporations Can
Learn from Startups
(and what startups SHOULD already know)
Zachary Cohn
Partner at LIFFFT
So… how do you compete?
“To know your Enemy,
you must become your
Enemy.” – Sun Tzu
Lesson #1:
Be Problem Focused,
not Solution Focused
Stuff people don’t care about:
Corporate initiatives
Internal Politics
Industry Trends
Features
Technology
Stuff people do care about:
Having their problems solved
Build What People
Want To Build.
VS.
Build What People
Want.
Lesson #2:
What Eric Reis Got Wrong
Invalidate assumptions
by talking to people…
Not by building MVPs.
Step 1: Talk to people,
learn about their problems.
Step 2: ???
Step 3: Profit!
Just kidding.
Step 2 is build a product
that solves their problems.
Arguing about whether
to include Feature X or
not?
Stop with the conjecture.
Instead…
Lesson #3:
100 Startups Tackle a
Problem. 99 Fail.
Big companies have a
big advantage.
Why be a cockroach,
when you can be a swarm?
You can try 100 things
YOURSELF!
Lots of false starts.
Recap time
How can big companies
stay innovative?
Recap time
Focus on the Problem
Recap time
Focus on the Problem
Don’t jump to Lean Startup
Recap time
Focus on the Problem.
Don’t jump to Lean Startup
Experiment. A lot.
Corporate Innovation:
What Corporations Can
Learn from Startups
(And what startups SHOULD already know)
Zachary Cohn
Partner at LIFFFT

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Corporate Innovation: What Corporations Can Learn From Startups

Editor's Notes

  1. Using Startup Strategies to Achieve Corporate Goals Zac Cohn*, Liffft Consultants
  2. Old style of product development. VP decides what to build. Pushes it on customers.
  3. Employees talk to customers. Pull problems from them. Build solution from that.
  4. Explain the cycle. Devs love this, it lets them build some stuff, then they can let people play with it and use analytics and observation to measure their response, then they learn what worked well and what didn’t. Then they do it all again. Local maximum.
  5. Even though you remember the Dropboxes, the Facebooks, the Amazons… there were a ton of other startups trying the same things. Startups are less like this…
  6. And more like this.
  7. But then when you find that thing that works, go for it
  8. Using Startup Strategies to Achieve Corporate Goals Zac Cohn*, Liffft Consultants