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Success
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Desirability
- Is the product addressing to a real customer needs?
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Feasibility
- Can we develop a solution that is technically feasible and better than competitors?
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Viability
- Is there a viable business model around the product?
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How to
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Dev Team answer to six fundamental questions:
- by exploring an even deeper set of supporting questions
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is answer No
- find way to change it
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Real
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Is the market real?
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satisfied
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The proposed product will clearly meet a need or solve a problem better than available alternatives
- Is there a need or desire for the product?
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Customers are able to buy it
- Can the customer buy it?
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The potential market is big enough to be worth pursuing
- Is the size of the potential market adequate?
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Customers are willing to buy the product
- Will the customer buy the product?
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Is the product real?
- Is there a clear concept?
- Can the product be made?
- Will the final product satisfy the market?
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whether a product can be made to satisfy that market
- The ability to crystallize the market concept is far more important than how well a company fields a fundamentally new product or technology
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Win
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Can the product be competitive?
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Does it have a competitive advantage?
- Can the advantage be sustained?
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combination of benefits
- better features
- lower life-cycle cost
- reduced risk
- How will competitors respond?
- A common error companies make is to assume that competitors will stand still while the new entrant fine-tunes its product prior to launch
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Can our company be competitive?
- Do we have superior resources?
- Do we have appropriate management?
- Can we understand and respond to the market?
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Worth
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Will the product be profitable at an acceptable risk?
- Are forecasted returns greater than costs?
- Are the risks acceptable?
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Does launching the product make strategic sense?
- Does the product fit our overall growth strategy?
- Will top management support it?
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Sources
- https://medium.com/ux-qatar/mits-approach-to-design-thinking-e301fcf2a82a
- https://hbr.org/2007/12/is-it-real-can-we-win-is-it-worth-doing-managing-risk-and-reward-in-an-innovation-portfolio
- https://mgrush.com/blog/real-win-worth/