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Dacey Rankins

added blog Business
2025-08-19 17:58:24 -

How Do You Manage Risk in Innovation?
Innovation is the engine of growth for modern businesses. Whether it’s launching a new product, implementing a cutting-edge technology, or exploring a new market, innovation drives competitive advantage, revenue growth, and customer satisfaction. However, innovation inherently involves risk. The uncertainty of outcomes, the potential for resource loss, and market unpredictability make...

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Dacey Rankins

added blog Business
2025-03-07 13:52:36 -

How Does the Build-Measure-Learn Feedback Loop Work?
The Build-Measure-Learn feedback loop is a core principle of the Lean Startup methodology, helping startups develop products efficiently while minimizing risks. It is a continuous cycle where startups build a product (or feature), measure its performance in the market, and learn from the results to inform the next iteration. This iterative process ensures that companies create products that...

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Dacey Rankins

added blog Business
2025-05-15 14:39:09 -

What Are the Most Common Project Management Methodologies?
Project management methodologies provide structured approaches to planning, executing, and completing projects. Choosing the right methodology can significantly influence a project's success, depending on the industry, team size, goals, and flexibility required. Below are some of the most widely used project management methodologies, each with its own strengths and ideal use cases. 1....

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Dacey Rankins

added blog Business
2025-03-10 17:17:09 -

What Does It Mean to Pivot in Lean Startup Terms?
In the world of startups, the ability to adapt and change direction is crucial for survival. One of the most powerful concepts for managing this adaptability is the idea of a pivot. Popularized by Eric Ries in his book The Lean Startup, a pivot is not just a minor tweak or adjustment but rather a structured course correction designed to test a new fundamental hypothesis about the product,...

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Dacey Rankins

added blog Business
2025-03-07 13:49:31 -

What Is a Minimum Viable Product (MVP)?
A Minimum Viable Product (MVP) is the simplest version of a product that allows a team to collect the maximum amount of validated learning about customers with the least effort. The concept, popularized by Eric Ries in The Lean Startup, helps startups test ideas, reduce risks, and refine products based on real user feedback before investing significant resources. Why Is an MVP Important?...

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Dacey Rankins

added blog Business
2025-08-19 17:56:29 -

What Is an MVP and Why Is It Important?
In the fast-paced world of product development, businesses face constant pressure to deliver value to customers quickly while minimizing risk. One of the most widely adopted strategies for achieving this balance is the development of a Minimum Viable Product (MVP). The concept of an MVP has become central to Lean Startup methodology, Agile product development, and modern innovation practices....

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Dacey Rankins

added blog Business
2025-03-07 13:47:35 -

What Is the Lean Startup Methodology?
The Lean Startup methodology is a systematic approach to developing new products and businesses. It emphasizes rapid experimentation, validated learning, and iterative releases to efficiently meet customer needs. Originally introduced by Eric Ries in his book The Lean Startup, this methodology helps startups minimize risks, optimize resources, and create products that truly resonate with their...

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Dacey Rankins

added blog Business
2025-08-26 12:30:11 -

You Need to Have Some Idea of What You’re Building: User Stories Can Be Written Anytime and Updated Based on the Latest Understanding
In Agile development, one of the most misunderstood aspects of user stories is the belief that they must be perfect, fully defined, and static from the outset. The reality is quite the opposite: user stories are living artifacts. They can be created at any time and updated continuously as teams learn more about the product, the users, and the technical landscape. This article explores why it...

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