Discovery Driven Planning Evaluating New Ideas or Ventures
From the BookHuddle blog
“Discovery-driven planning provides a different framework for making decisions….
1. Make financial projections
2. Compile a list of assumptions that need to prove true for us to realistically expect the financial projections to materialize. Rank order the assumptions in order of importance.
3. Implement a plan to test the validity of the most important assumptions. This plan needs to, quickly and with the least cost possible, validate or invalidate the most critical assumptions. This allows the entre/intrapreneur to revise the strategy prior to deciding to implement through significant investment.
4. Decide on whether or not to implement (in the case of the entrepreneur) or fund an idea/business/initiative (in the case of VC’s and/or companies).
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