With the
support of the Hong Kong government in creating new things, the number of
Startup companies and innovative service as well as product are increasing
tremendously. A seminar named “Increasing
the Successful Rate of Your New Business” organized by SGS on 5th
Oct 2018. Lean Startup (LSU) is a
powerful and worldwide used tool for a new business to adopt and this seminar
aimed to introduce key components of LSU and its method, as well as, linking
Design Thinking with LSU for new product development. Before the seminar, I took a photo with Dr. Bernard
Cheng.
Ms.
Sharon Li (Senior Account Executive, SGS) arranged the seminar and she had
joined HKSQ GMP workshop before.
I also
met Minda’s old colleague Ms. Willy Lok (Associate Production Manager, DiagCor
Life Science Ltd.).
In the
beginning, Dr. Bernard Cheng (Principal Consultant, BC Sustainability
Consulting) briefed course outline. He
would introduced LSU concept and framework and then ran workshop for our practice.
Dr. Cheng said 70% of your memory came from participation in Hands-on Workshop
based on Edgar Dale’s Cone of Experience.
Then Dr.
Cheng asked us to introduce ourselves and separated into two group. Each group identified one new product for
workshop. Since our team had mobile
trader, brand trader, cosmetic primary packaging and startup incubator, our
proposed product named “Digital Lipstick”.
Dr. Cheng briefed the top 10 startup mistakes and the number 1 was building something no body wants. So our first exercise was ranking (from 1 to 10) our product based on the six LSU questions:
i)
Seriousness of the problem
ii)
Enough potential customer
iii)
How important to buyers to solve it
iv)
Effectiveness of solution
v)
Commercial value
vi)
Barrier of entry
After
that Dr. Cheng briefed the concept of Startup that was human institution to
create something new under extremely uncertainty conditions. For Lean Startup (LSU), they didn’t believe
in business plan (e.g. 5-year business plan) but business model. They employed Minimum Viable Product (MVP) because
it could be changed or pivot (華麗轉身) until arriving at a workable business plan. Lead Startup written by Eric Ries on 2011 and
the key process was Build – Measure –
Learn. Then 3 stages of LSU were
mentioned below:
i)
Problem / Solution Fit
ii)
Product / Market Fit
iii)
Scale
Dr. Cheng
stated 3 general risk of a startup included Product risk, Customer risk and
Market risk that could be reduced by using Lean Canvas. And then we needed to identified top 3
problems and found customer segment had that pain.
Our exercise
result
And then
Ms. Sharon Li became our customer for interview. We found that there were some pain points we
hadn’t considered before. Moreover, we
could develop Empathy Map and Persona.
Empathy come from interview, data collection, shadowing (experience) and
observation.
At the
end, Dr. Cheng introduced the system integrated Design Thinking, Lean Startup
and Agile.
I got insight
and learnt a new thing that Lean Canvas was found to modify the Business Model
Canvas which I learnt before.
Reference:
SGS
Academy – http://www.sgs.com/en/solutions/sgs-academy
20170804:
SGS Seminar on “How Sustainability Sparks Innovation” - https://qualityalchemist.blogspot.com/2017/08/sgs-seminar-on-how-sustainability.html
Similar Seminar:
20150909:
HKSTP TecONE Seminar on Business Model - https://qualityalchemist.blogspot.com/2015/09/hkstp-tecone-seminar-on-business-model.html
20140825:
HKSTP Seminar on Business Model Canvas - https://qualityalchemist.blogspot.com/2014/08/hkstp-seminar-on-business-model-canvas.html
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