For those looking for ideas and ways to potentially introduce entrepreneurship ideas into their corporation, there is a short blog explaining the four models of corporate entrepreneurship and a more in-depth article from MIT on the four models.įor further reading, viewing, or participation, here are some additional resources on entrepreneurship: This blog post presents a quick overview of Disciplined Entrepreneurship that gives a little more information that was possible in my session, but there are many resources for you to delve into further. My ebook on Startup Accelerator Programs Around the World can help entrepreneurs find accelerator resources, with a focus outside the US. You then will move to what value they will achieve from your solution so you can gauge purchase intent.Īs you explore entrepreneurship further, make sure you are thinking from a global perspective. Once you have a core that has the compelling problem then work with that set to review potential solutions. At the end of the problem research, if customers didn’t mention the problem that you are building or providing a solution to, then move on to others, and if you can’t find your core, you may want to revisit your core assumptions. Giff also has a book (another short read) called Testing with Humans. Your primary market research (PMR) will help you understand your potential customers’ pain points. This is a process that continually refines and tests your hypotheses. There is a free e-book online called Talking to Humans by Giff Constable that can help with this. If you start with an open-ended question about what you do on a typical day? Ask open-ended questions (Tell me more? What about that product or service that is going well? What is not? etc.). Find a core group with a message that resonates and a problem you can solve this is problem research. Start with the first theme-what problem are you solving and for whom? You need to move from concept through qualitative interviews (talk to humans), then quantitative research if required. Yet, as discussed in the ATD23 session, an entrepreneur is adaptable and willing to focus on a core group of customers to build the business rather than trying to be everything to everyone. People think it is risky to be an entrepreneur. It also talks about how you need to focus on designing a prototype or minimum viable product (MVP), as well as how you are going to scale. The book takes you takes you through important steps that are often overlooked – like hypothesis testing and concept validation. You also need to thoroughly understand how you will make money (renewals, add-ons, etc.). It will help you establish your business and understand how customers are going to find you (along with where you will find your customers). but if you are thinking about a venture this is a good place to start.)Ī disciplined approach focuses on de-risking the venture by understanding your customer’s needs and providing value, so they become paying customers. (This process does not include sales, sales tactics, marketing, raising capital, team building, etc. How do you design and test (prototype) your product? and.How do you make money off your product?.How does your customer acquire your product?.The discipline comes in by following these steps.Īs you’ll see in the DE map, the themes are color-coded. The focus is that entrepreneurship can be broken down into 24 steps based on six themes. (Plus, the illustrations are fantastic!) Source: Disciplined Entrepreneurship This is a great place to start if you are looking for an accessible and methodical approach to entrepreneurship. This methodology assists the start of an entrepreneurship journey, and Bill Aulet, Managing Director of The Martin Trust Center for MIT Entrepreneurship, has documented this in his Disciplined Entrepreneurship book. Disciplined Entrepreneurship – or DE as we like to call it – is an approach to help you think about how you start to get your product or service to move forward. Since I had a lot of follow up questions on Disciplined Entrepreneurship, I thought I’d give a little more background on the approach and how it works in this blog post. (In fact, I’m currently preparing materials to teach Disciplined Entrepreneurship content via a partnership between MIT and Dalhousie University in Nova Scotia.) The Disciplined Entrepreneurship approach was such an important and ingrained part of the entrepreneurship program at MIT, that I had to step back and realize that this was new information to most of the ATD ’23 attendees. One of the topics that we touched upon was Disciplined Entrepreneurship. This was geared to help learning & development (L&D) professionals take lessons from entrepreneurship and apply them to their organizations. When I recently presented at the Association of Talent Development’s ATD ’23 conference, our session was focused on how to Think Like an Entrepreneur and Foster Creativity in Your Organization.
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