How to pivot? Find best formula for your product or service!
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How to pivot? Find best formula for your product or service!

Problem with design of your product or service? Learn how to improve the design to increase acceptance rate & grow sales
4.5 (4 ratings)
Instead of using a simple lifetime average, Udemy calculates a course's star rating by considering a number of different factors such as the number of ratings, the age of ratings, and the likelihood of fraudulent ratings.
42 students enrolled
Created by Entrespace LLC
Last updated 12/2015
English
Current price: $10 Original price: $50 Discount: 80% off
7 hours left at this price!
30-Day Money-Back Guarantee
Includes:
  • 2 hours on-demand video
  • 8 Supplemental Resources
  • Full lifetime access
  • Access on mobile and TV
  • Certificate of Completion
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What Will I Learn?
Find, test & validate the right formulae for your products & services to ensure their competitiveness, success and acceptance in the market place
Overcome failures with your existing products or services
Perform in-depth analysis of the customer values to be able to generate & validate new ideas for your product or services using iterative and incremental approach
Increase the customer acceptance rate for your products and services and grow the revenue and market share as quickly as within the 1st year
Help avoid many person*months of your or your teams’ time shooting in the dark, trying to find the sweet spot by guessing or by making a leap of faith that the approach you are currently pursuing will work.
View Curriculum
Requirements
  • Students need to prepare a computer or a tablet, or a mobile device (smartphone) with internet access
  • Have an idea about a specific product or service they would like to design, develop, improve or re-design
  • Understand the market & industry they're planning to target, as well as customer needs
  • Allocate the time to attend it, and 3-5 days (with your team if applicable) to spend on applying the methodology taught in this course to come up with the design decisions for your product or services to prepare for the next pivot.
Description

This course is recommended for business owners or product/service designers who may have experienced failure with their products or services, so that they can re-design and find the right formula as quickly and as accurately for their products and services as possible - to ensure their competitiveness and success in the market place, or for launching new products or services from scratch.

Ensuring the right design for your product or service will increase the customer acceptance rate (acceptance rate == ratio of how many times customers choose to accept your product or service after considering it vs. how many times they choose to reject your product or service), and as a result will help you grow sales, revenue and market share.

If you're following the Lean Startup model (by Eric Ries), part of the "fail fast" process is to pivot from time to time to find a better direction or approach for your product or service.
This course is intended to help with figuring out 'where and how to pivot' .

In order to decide about where and how to pivot, one would have to come up with some options, ideally options that are likely to make your product or your service successful and competitive in as a few iterations as possible, as opposed to trying to pivot in 'random' directions over and over again until the right formula can be found.

After taking this course, instead of 'randomly shooting in the dark' you will be able to find the best formulas to use for pivoting that are optimized by design to address the most important and most urgent customer values.

This course introduces a common language with specific terms and concepts, which can simplify collaboration across multiple people and streamline the communication within the organization to better achieve and maintain a shared understanding about what the target customers value and why (customer values) as well as background for the design decisions being made. The training materials include a step-by-step guidance on how to apply incremental and iterative, highly agile process, to
  1. identify the most important (and often, most urgent) customer needs and values that your products or services can target
  2. ensure that your product or service provides more benefit, more value in comparison with the investment the customers would need to make (By investment we mean the price the customer would need to pay, or amount of energy, effort or time they will need to spend, or any change the customers would need to agree to make in their condition or their situation to take advantage of your product or service).
  3. ensure that your product or service provides more benefit and value in comparison with other alternatives the customers may consider.

Addressing these 3 key requirements will help ensure high customer acceptance of your product or service, as well as their competitiveness.

One important point. After completing the Course Overview section, as you start with the second Section called 'Key Concepts & Techniques', we recommend that you start applying the offered approach for your products and services while taking the course, one lecture, one step at a time.

We recommend that you do NOT move to the next lecture until you have a chance to internalize and apply the introduced concepts in each of the lectures to your business area, to your product or service first, and complete at least one cycle, one iteration, or one increment of the proposed process (using the offered templates and formats for each of the target documents).

So, what will be required from you to complete this course:
1) Time - Allocate 2 hours to study the course content, and 3-5 days (with your team if applicable) to practice applying the methodology taught in this course to make design decisions about your product or services to prepare for the next pivot.
2) Money - Pay for the course fee (currently it’s $299)

If your business is already maxed out, and is highly successful and no help is needed, you may choose not to go for it right now.

But if you have some room to grow, or if your products or services do not yet generate high enough acceptance rate, you may need to pivot, to adjust the design of your products or services.

This would require an investment of time and money. Investing $299 to pay for the course (as it’s currently priced) and a week of your time should be doable, even if your company is only making currently $100K/year, or, especially, if you’re just starting out.

Our methodology will help you increase the customer acceptance rate by design, which will increase your revenue and marketing as soon as the design decisions are implemented, typically within one year, and help avoid many person*months of your or your teams’ time shooting in the dark, trying to find the sweet spot by guessing or by making a leap of faith that the approach you'currently pursuing will work.

If you do find it difficult to apply the taught approach for your company products and services, please contact us directly and we will be happy to offer a personalized, custom-tailored service for your needs.

So why wait, start now and give it a try. We offer 30-day money back guarantee!

Please note that this course does NOT get into

  • assessment of the market opportunity (e.g. to ensure that there is enough demand),
  • development of the go-to-market strategy (it will be addressed in another course).


The methodology taught in this course was originally developed for and applied primarily in high-tech industry, however it may be applicable to other industries, government services, public sector organizations as well as non profits, or for in-house internal initiatives within a company.

Who is the target audience?
  • Designers of products or services
  • Business Owners
  • Business Unit Leaders
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Curriculum For This Course
Expand All 29 Lectures Collapse All 29 Lectures 01:51:53
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Course Overview
12 Lectures 36:07
  • Overview of what to expect from the course.
  • Find out about the methodology used in this course.
  • Overview of the recommended reading materials
  • Definition and meaning of 'Pivot'
Preview 07:46

  1. Overview of what will required from you
  2. A model for calculating the ROI (return on investment of your time and money) from taking this course
  3. The cost of doing nothing
Preview 02:28

  • The structure of the course
  • How to move & navigate between different sections & topics
  • What to do if any difficulty with any specific element of analysis or design


Preview 02:22

  • Overview of the key reasons why some analysis is required
  • Overview of the overall approach
Preview 01:45

  • Overview and examples of what can happen if analysis is abbreviated or skipped altogether
Preview 01:09

  • Overview of the alternative "Make & Sell" approach, and potential pitfalls
Preview 01:24

  • Overview of the common and typical reasons why businesses, products, services or business initiatives fail
  • 'Flawed by Design' patterns
  • 'Flawed Strategy' patterns
Preview 05:59

  • Are you afraid of too much analysis and 'paralysis'?
  • What would it take for the product or service to get accepted?
  • How do we define 'value' for the customers.
  • How do we define 'investment' that the customers would need to make to accept the product or service.
Too much analysis?
02:25

  • How analysis and decisions about 'where and how to pivot' fit with other components of business strategy
  • Measurements of success
How the content of this course fits into the bigger picture?
03:49

  • The high level overview of the key concepts and each 'interim deliverable' used in this method.
  • The overview of the dependencies and relationships between different 'building blocks'
The End-to-End Roadmap
03:29

  • Do's & Dont's of the described approach
Key Principles - Do's & Don'ts
00:59

  • Overview of an incremental process
  • Overview of an iterative process
About Iterative and Incremental Processes
02:32
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Key Concepts & Techniques
10 Lectures 47:28
  • How to distinguish different types of customers and partners
  • Checklist & techniques for identifying the stakeholder types
  • How to validate identified stakeholder types
  • Too few vs. too many stakeholder types
  • How the stakeholder types will be used
Stakeholder Types
08:21

  • Overview of the intrinsic & extrinsic values
  • How to discover the intrinsic values
  • Why is explicit understanding of intrinsic & extrinsic values is needed
  • How the intrinsic & extrinsic values are used
Extrinsic & Intrinsic Values
02:31

  • An overview of the direct & indirect values
  • An example of direct & indirect values
  • Overview of the process for leveraging intrinsic and extrinsic values, direct and indirect values
Direct & Indirect Values
05:24

  • How to discover the underlying motivations & drivers
  • How the underlying motivations & drivers are used
Underlying Motivations & Drivers
02:24

  • How to identify all relevant options
  • How the identified alternatives are used
Alternatives
02:43

  • Overview of different types of potential issues to distinguish
  • How to identify potential issues
  • How the identified issues are used
  • Description of the process for selection, prioritization, testing & validation of potential issues
Potential Issues
05:55

  • How to develop what-else cases
  • How the what-else cases are used
  • Description of the process for selection, prioritization, testing & validation of the what-else cases
What-Else Cases
06:42

  • How to develop what-next cases
  • How the what-next cases are used
  • Description of the process for selection, prioritization, testing & validation of the what-next cases
What-Next Cases
05:52

  • Overview of the different types of value attributes
  • How to define the value attributes
  • How the value attributes are used
  • Description of the process for selection, prioritization, testing & validation of the value attributes
Value Metrics
04:30

  • How to identify customer's potential reasons to reject your product or service
  • How the potential reasons to reject are used
  • Description of the process for selection, prioritization, testing & validation of the identified reasons to reject


Potential Reasons to Reject
03:06
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Case Study. Step by step demonstration of how the End-to-End Process is applied
5 Lectures 22:31
  • Objectives for the case study
  • Overview of the business model & end-to-end processes prior to pivot.
  • Analysis of the stakeholder types
Preview 05:09

Case study continued.

  • Step by step walk through of the initial extrinsic values
  • Case study: Results of analysis of the intrinsic values
  • Results of analysis of the extrinsic values
  • Review of underlying motivations and drivers
  • Analysis of the potential issues & potential approaches to address them
Case Study - Extrinsic & Intrinsic Values
03:15

Case study continued

  • Results of analysis of what-else cases
  • Potential approaches to address what-else items
Case Study - Show Case of Review and Analysis of What-Else Cases
02:15

Case study continued

  • Results of analysis of what-next cases. Potential approaches to address them
  • Analysis of alternatives
  • Review of value metrics
  • Review of the potential reasons to reject. Potential approaches to address them.
  • Updated what-else case
Case Study - What-Next, Alternatives, Value Metrics, Potential Reasons to Reject
04:51

Case study continued

  • Review of the design decisions about a hypothesis how to pivot
  • Sample scenario based on the proposed pivot design
  • End-to-end processes for client interaction based on the proposed pivot design
  • Revenue estimates & breakdown assumptions
  • Side by side comparison between different alternatives
  • Approach to test and validate the hypothesis (proposed pivot design)
Preview 07:01
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Summary & Review
2 Lectures 05:47

End-to-End review of the concepts introduced in the course.

Relationships between different items

Side by side

High level review of the key concepts introduced in the course
03:28

  • Overview of all concepts & dependencies, the information flow & relationships
  • How the objectives, analysis, prioritization, design, testing & validation fit together
  • Contact Information for Questions & Comments
To Summarize
02:19
About the Instructor
Entrespace LLC
4.5 Average rating
4 Reviews
42 Students
1 Course
Business Design Firm

Entrespace LLC is a business design firm that specializes in services to help companies develop and improve their products and services as well as business strategy to achieve enduring success in the market place and sustainable competitiveness.

Our raison d'être (reason for being) is to change the world by helping improve business designs, customer experience and usability of products and services to maximize their value through methodical and continuous innovation.

Our proprietary Innovation Analytics methodology incorporates best practices from numerous 'state of the art' approaches, such as Lean Startup, Agile Management, Sense-and-Respond, Use Case Driven Approach, Design Thinking, Design Patterns, and many more. It was developed from the ground up and has been tested in multiple industries, and business areas.

It includes step-by-step guidance, techniques and templates to enable and streamline analysis, development and effective collaboration on various components of the business design, business strategy, Go-To-Market strategy, business development strategy, value proposition design, product or service design to ensure success in the market place, as well as sustainable competitiveness in the respective industry.

One of the key differences is that it offers a systematic, structured, and executable approach on how to perform each of the activities, how to develop, test and validate each of the analysis and design elements, the suggested template, and the format, as well as 'how-to' techniques. It provides a model that a person or a team can follow and execute step by step successfully, provided that they know & understand their customers and their industry well.