Web-Books
in the Austria-Forum
Austria-Forum
Web-Books
International
Digital Entrepreneurship - Impact on Business and Society
Page - 75 -
  • User
  • Version
    • full version
    • text only version
  • Language
    • Deutsch - German
    • English

Page - 75 - in Digital Entrepreneurship - Impact on Business and Society

Image of the Page - 75 -

Image of the Page - 75 - in Digital Entrepreneurship - Impact on Business and Society

Text of the Page - 75 -

possible to increase the probability of identifying the global maximum. At every level of the venture pyramid, there are different creativity techniques (e.g., analo- gies or patterns) that can be applied to support the process of divergent thinking. Convergent thinking takes an analytical approach to identify the best possible alternative. Inourunderstandinghere, thefirst diamondaims to identify the riskiest assumptions at the particular level of the venture pyramid. In short, through divergent thinking, a startup ideates a range of alternative assumptions, and the convergent thinking processes allow the startup to select the riskiest assumption. The end of the phase often marks the so-called Howmight we (HMW) question (Knapp et al. 2016), which opens the second diamond and asks how this assumption can be tested. The second diamond reflects the ideation (divergent thinking), selection (convergent thinking), and finally the conduction of an appropriate experiment at every level of the venture pyramid. To support the ideation of alternative experiments at the level of product-market fit, we match different digital businessmodels with patterns ofminimum viable products in the subsequent chapter. 3.2 IdentifyingMinimumViable Products for Digital BusinessModels There aremultiple ways to test themost critical assumptions at every level of the venturepyramid.At the lowest level of theventurepyramid, startups canchoose to use secondarymarket research or behavioral data (e.g., Google keyword searches) Fig. 3 Path of deliberate entrepreneurial experimentationwith the venture pyramid (reference to Göcke 2017b) 78 L. Göcke and R.Weninger
back to the  book Digital Entrepreneurship - Impact on Business and Society"
Digital Entrepreneurship Impact on Business and Society
Title
Digital Entrepreneurship
Subtitle
Impact on Business and Society
Authors
Mariusz Soltanifar
Mathew Hughes
Lutz Göcke
Publisher
Springer Verlag
Location
Cham
Date
2021
Language
English
License
CC BY 4.0
ISBN
978-3-030-53914-6
Size
16.0 x 24.0 cm
Pages
340
Keywords
Entrepreneurship, IT in Business, Innovation/Technology Management, Business and Management, Open Access, Digital transformation and entrepreneurship, ICT based business models
Category
International
Web-Books
Library
Privacy
Imprint
Austria-Forum
Austria-Forum
Web-Books
Digital Entrepreneurship