Wanna know how to use experiments to de-risk your growth plan, but no idea how?
I’ve always been a little allergic to the rigid frameworks and processes of traditional consulting.
> You assess all businesses against one “best in class” benchmark, and then try and make them all look the same.
> Strategy is validated by benchmarks, citations to studies, and some mashed together calculations to forecast success.
Startups don’t have this luxury.
> They’re flying by the seat of their pants, throwing spaghetti at the wall and seeing what sticks.
> There’s probably no pretty strategy deck, just a bunch of gut feels and assumptions.
I become curious about a new way to do strategy, blending the scrappiness and agility of startups, with the need to de-risk and prove value of corporates.
I wanted to find a way to make educated assumptions, and then test them, not once your strategy was in market, but before hand. So I doubled down on experiments.
There is (almost) always a time to use experiments - both before and after product-market fit:
> What else can I do to ensure I'm solving the customer's problem?
> How can I increase the value (LTV) per customer?
> What unmet need should we build a solution around?
> What value proposition will work to attract a certain market/audience?