Innovation

What is innovation?

/ˌinəˈvāSHən/

Innovate /ˈinəˌvāt/Verb

Make changes in something established, esp. by introducing new methods, ideas, or products.Introduce something new, esp. a product.

Innovation /ˌinəˈvāSHən/Noun

The action or process of innovating.A new method, idea, product, etc: "technological innovations".

What is a Startup?

A Startup Any new venture or endeavor which an

individual or a group of individuals go into which has serious elements of uncertainty.

Technological principles…and your everyday life

Everything else in between

ConsequencesChoices

Your life……a Startup)

Everything else in between

DoubtsDoubts Failures

Taking on the In-Betweens

Why do start-ups fail?

• The Allure of a “Good plan”• The “Just Do It” thought pattern

Programmatic lesson 1: The leap of faith

When faced with a daunting task. . .

. . . Jump right in!

Programmatic lesson 2: Iterate Faster

The build- measure- learn loop

“Software testing is about failing early and often” – John Boyd

“You cant connect the dots looking forward, you can only connect the dots looking backward” – Steve Jobs

Experiment (Find out for yourself)

Case Study: Toyota

Programmatic lesson 3: Consider the MVP approach

Minimum viable product Product

Learn

Embrace a new thought pattern! Lets be algorithmic in our thinking.

Thank you