READ AND LEARN
Office Lean
Reading Pick of the day! Office Lean - Understanding and implementing flow in a professional and administrative environment - by Ken Eakin.
Today’s reading pick:
Office Lean - Understanding and Implementing Flow in a Professional and Administrative Environment
As an operations guy Ken Eakin shows how to use lean management techniques to support your employees to meet their targets and fulfill the customer expectations. Lean management therefore relies on two principles:
Balance: when everything is balanced the work flows without interruption
Continuity: allows employees to finish their tasks with only minor interruptions
Ken recommends a Lean Manager to implement continuity and balance in order to maintain and deliver high value to the customers faster.
This book isn’t a fast read, with its solid information it provides a guide for managers which want to have a solution oriented organization.
We recommend this book to managers that are seeking for a guide to reshape their processes to a value adding work flow.
Key take aways of this book
Conventional management models don’t work well in an economy dominated by services and information as a product
You can change the behavior of people with a systematic approach and not by only providing information
Management has to see their organization as a system that creates results
Workflow doesn’t mean dividing the organization in work streams, see the workflow as a system that is interlinked
The value stream is the starting point of all actions, separating Man/Machine/Material/etc. is an outdated point of view
Efficiency in offices starts with scheduling tasks
Kanban is a great tool that can be used to steer tasks in offices
Expose information from experts to the complete organization
Balance your workflow in the office to avoid bottle necks
Fulfill your customers expectations and you will get your return on investment
Lean leaders coach and support their employees - they are the role models who walk the talk
Enjoy reading and improving!
The Lean Product Playbook
Reading Pick of the day! The Lean Product Playbook - How to Innovate with Minimum Viable Products and Rapid Customer Feedback - by Dan Olsen.
Today’s reading pick:
The Lean Product Playbook:
How to Innovate with Minimum Viable Products and Rapid Customer Feedback" is a book written by Dan Olsen. Dan Olsen is a product management expert and consultant who has worked with several startups and large companies to help them develop and launch successful products.
The book provides a comprehensive guide to using Minimum Viable Products (MVPs) and rapid customer feedback to innovate and create successful products. The author argues that by using this approach, organizations can validate their product ideas, gain valuable customer insights, and improve their chances of success. The book is divided into four parts: the first part provides an overview of the MVP approach, the second part examines how to create and launch MVPs, the third part looks at how to use customer feedback to improve products, and the fourth part provides guidance on how to scale and grow successful products.
Key takeaways from the book:
The Lean Product Playbook is a comprehensive guide to using Minimum Viable Products (MVPs) and rapid customer feedback to innovate and create successful products.
MVPs are a powerful tool for validating product ideas and gaining valuable customer insights.
The book covers the complete process of creating and launching MVPs, from idea generation to customer feedback.
The book provides practical tips and strategies for creating MVPs that are effective in validating product ideas and gaining customer insights.
The book emphasizes the importance of rapid customer feedback and how to use it to improve products.
The book highlights the importance of involving customers in the product development process.
The book provides guidance on how to scale and grow successful products.
The book covers the common challenges that organizations face when creating MVPs and how to overcome them.
The book is designed for both startup and established companies, making it a valuable resource for anyone looking to improve their product development process.
The book emphasizes that the ultimate goal of MVPs is to validate the product-market fit and that the MVP should be seen as a learning tool, not a product launch.
In conclusion, The Lean Product Playbook is a valuable resource for anyone looking to improve their product development process. The book provides a comprehensive guide to using Minimum Viable Products (MVPs) and rapid
Enjoy reading and improving!
Monetizing Innovation
Reading Pick of the day! Monetizing Innovation - by Georg Tacke and Madhavan Ramanujam.
Today’s reading pick:
Monetizing Innovation
Consultants Georg Tacke and Madhavan Ramanujam offer a zero -nonsense path for successful product design. Most companies go directly from scratch towards product design. They usually don’t know whether customers want and will pay for the product until launch is done. The authors describe “nine rules” for products and services designed to meet client demands and “willingness-to-pay.”
Key Take Aways of this Book
Don’t start designing a new product or service until after you learn what your customers want, what they are willing to pay for and how much they’ll pay.
Designing blindly often results in lost opportunities and unwanted products.
Investigate your customers’ “Willingness-to-Pay” (WTP).
Segment customers. Bundle features and tools to appeal to their varying needs and WTP.
Carefully determine your “monetization strategy,” whether “subscription, dynamic, freemium” or another option.
Let your goals determine your pricing strategy. For example, will you target early adopters, prioritize maximizing profits or focus on increasing your market share?
Packing more feature into your core product may seem easy, but resist giving things away for free that a segment of your customers will pay extra to have.
Develop a business case that feels dynamic from the customer’s perspective.
Communicate customer benefits concisely and compellingly.
Avoid lowering your price at the first sign of trouble.
Enjoy reading and improving!
Stay connected
Ad
We want information fast and in a nutshell. We from OI recommend Blinkist* - because it’s simply the best.
* = Affiliate link