Revised Revenue Vs Confidence 4 box model

4 box model for deciding on the future – part 2

Posted on 1 CommentPosted in Articles, Innovation, Startups, Strategy

I finished the previous part of this article with a four box model that had two quadrants with the same outcome. With that article, I’d stated that the outcome you may want to choose would probably depend on the lifestyle you want to lead. That still applies, but I want to show what I do with similar four-box models The issue I don’t like when four-box models show opposite quadrants with the same outcome. The reason is that the quadrants are an approximation so we’ve blurred what we do with data points that fall around the centre (like around a bullseye) of the model. Imagine a point of x=49 and y=51, why should that be treated different to x=51 and y=51? or x=49 and y=49? How to interpret What we recognise is that if the diagonally-opposite quadrants are more a […]

RevenueVsConfidence

4 box model for deciding on the future – part 1

Posted on 1 CommentPosted in Articles, Innovation, Startups

I regular make decisions about where I’m going to spend most of my working effort. A few years ago, I was sharing my ideas and potential options with a few friends and ex-colleagues. I used an extension to the typical four-box models. This simplified the thinking and forced me to recognise a few major questions that I’d been skirting around. I wasn’t short of ideas for businesses; some proven, some not. But I recognised I didn’t have enough time to do everything, nor enough available funding to pay others to do everything. Importantly, I didn’t have sufficient time or energy to chase funding to make all the ideas happen (and chasing too many would disqualify the ideas from most potential funders). Horizontal axis – annual revenue forecast I didn’t initially approach this in a mercenary way, but after trying a […]

When is it Innovation?

Posted on 1 CommentPosted in Articles, Innovation, Methodology, Service Redesign, Startups

The terms innovation and invention are thrown around with abandon. This is rife in the startup domain where the innovation is often relating to a business model and in ageing corporations where innovation is being used to revitalise the organisation. But when is it innovation? Or could we actually be thinking of invention, improvement or creation instead?