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The workshop lasts three days and teaches entrepreneurs and innovators how to build disruptive products. By definition, a disruptive product is a product so superior to the earlier technology that it displaces it (e.g. CDs replaced tape cassettes). Additionally, Lean Startup Machine is not a hackaton, meaning that it does not have a goal of developing superior software, but instead focuses on building ideas and centering businesses around the problem-centric approach and team work.
The workshop kicks off with a series of product pitches that help attendees organize into teams. Everyone works on a NEW idea. Each team then develops its problem hypothesis, solution hypothesis and a series of assumptions which are core to the success of the business. Next, each team creates an MVP, or "Minimum Viable Product." The goal of the MVP test is to "Get Out Of the Building," speak with real customers and to collect cash or non-cash currency which serves as validation.
The process promotes a problem-centric approach to business ideation. By continuously validating and invalidating assumptions, teams are forced to pivot their solution (and even problem) toward a true customer pain; rather than creating a solution and after-the-fact seeking customers with a problem.
The event culminates with each team pitching its new solutions and its experience using the process. In this competition the winning team is not selected based on who has the best idea, but instead on which team honors the process and gains the most insights through its pivots.
<span style="font-family: arial, sans, sans-serif; font-size: 13px; white-space: pre-wrap;">3 Distinct Differences From Other Offerings</span>
Alternative and typical team trainings involve working with existing techniques in team work. For example, a given team will first get to know each other, become comfortable through a series of ice breakers, then proceed to work together. Unlike training in team interaction frequently offered due to the complex nature of team work, this program is offering not only the joint training of a specific team, but also training in product and business development, strategy for making disruptive products, and setting high goals for your business. It is a tank in addition to training, meaning that there is active contribution from participants (i.e. coming up with new ideas, identifiying problems and hypotheses on their own, and presenting about the solutions and experience that resulted as the training outcome.
<br/><span style="font-family: arial, sans, sans-serif; font-size: 13px; white-space: pre-wrap;">4 Impact Achieved For Students and Campus</span>
<span style="font-family: arial, sans, sans-serif; font-size: 13px; white-space: pre-wrap;">Trevor Owens, CEO and Founder. Connect on LinkedIn: [http://www.linkedin.com/in/owenstrevor http://www.linkedin.com/in/owenstrevor]</span>
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Read more about the resource at: https://www.leanstartupmachine.com/
