LUCCHINI - Entrepreneurship & Innovation
LUCCHINI - Entrepreneurship & Innovation
“
Plan your way to success!
“
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In the meantime…
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Entrepreneurship
=
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…
Work time…
Knowledge
Wealth
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Passionate Adaptable
The entrepreneur’s
Fast-learner Ambitious
competencies
Analyzer Creative
Positive Decisive
Persistant Resilient
Curious Self-conscient
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A successful innovation
is one that…
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Innovation,
finding an idea
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Entreprneurship’s
key know-hows
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How the customer How the project How the analyst How the What the beta How the salesman
explained it leader understood designed it programmer wrote testers perceived described it
it it
How the project What operations How the customer How it was What marketers What the customer
was documented installed was billed supported by tech advised really needed
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examples
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you
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STRATEGY
Small, specialized,
well-defined +
segment of a market
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A shoe
problem
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SEGMENTS Warning:
CHARACTERISTICS no stereotyping!
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Athletes
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Communication
Thin segmentation 100% targeted &
Niche 100% targeted &
& needs analysis adapted prodcut
focused
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B2C B2B
Demographic: Industry, company
TARGET
Geographic: Specific region or
climate size, location
Psychographic: Lifestyle,
Purchasing approaches: Purchasing
organization, culture, supplier
relationship
personality Situational factors: Urgency of
needs, customization,
size of orders
Behavioral: Spendings, purchasing Personal characteristics: Buyer-
behaviors… seller similarity, attitude towards
risk, loyalty
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… …
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Contextualization
Income &
Family Job Activities
spendings
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Personal history
Vision of themselves
Interests
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Obvious & deeper need Job trying to accomplish: obvious & deeper job.
Psychographics &
beahioral analysis
State of mind & feelings Fears, pain points
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A successful innovation
is one that…
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Memory tool
Communication means
Peace of mind
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Shining in MMORPG
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not product
my library…
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Desirable
Product consequence of My product has this FEATURE that
characteristic your product provides this BENEFIT
(result)
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A successful innovation
is one that…
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Prepare or craft ?
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Before After
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MARKET
READINESS
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COMPETITION
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Segmentation
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Needs
analysis
India
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Wrong
price &
channel
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Competitors Customers
Market
Macro envrionment
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Competition analysis
Analyze Conclude
Communication diagnosis:
relevance, following,
Strategy Key learnings
engagement, performing
contents, topics
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1 Product characteristic
2 Associated service
3 Pricing
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Social characteristic, cultual
symbol
6 …
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Matters to the
market
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A successful innovation
is one that…
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Minimum viable
Product!
product
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EXAMPLES
Minimum viable product
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• 1,8M members
• 36k projects
• 36 cocreated kits
Almost officialy « Word’s most
Lego almost collapsed financialy
loved brand »
• High engagement & fandom
• Higàh media coverage
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PRODUCT
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Fear of making a
Too much choice Loss of sales
suboptimal choice
so long as it is black “ 24 6
60% 40%
2
3% 30%
CLARITY
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TESTING
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1 1
2 2
3 3
4 4
5 5
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2 weeks
Go for small
SIGN
« yes » first
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Marekting
ecosystem
Constant,
consistent value
Lead nurturing &
Leads framing
conversion Offer delivery and great
Goal: know you, attract Insure retention
Goal: like & trust you: experience
attention
interest & desire + buying
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WOM
Referral programs
SHOWCASE &
EVENTS & CAMPAIGNS MERCHANDIZING
Workshops, contests, classes
Posters, stands booths…
FORUM PRESCRIBERS
Dialogue, conversation, community Influenceurs, medias, plateforms
WOWING
OFFER/EXPERIENCE
Targeted/personalized
QUALITATIVE &
FAN PROSPECTS
AMBASSADOR PROGRAM ENGAGING (from niches)
=> Transform in evangelizer
Offers & priviledges RELATIONSHIP => Be noticed and liked
+ LEAD MAGNET
PERSONNALIZED GIFTS Targeted gifts in exchange for personal data,
Free withs & others… following
EXPERT
REPUTATION
PERSONNALIZED ADVICE CUSTOMER LEAD
Follow-up card, post-purchase guide and => Convert
=> Retention
tutorials, videos…
MAIL
CUSTOMER SERVICE Personnalized boxes: gifts, testimonials, press
Available, sufficient, fun… cuts, samples…
PROOFS
Photos & testimonials, samples
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1 2 3 4
Attract Lead farming Convert Retain
Website designed to Proofs: case study, Wowing experience +
SEO & SEA
collect leads testimonials, test, samples... training
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A successful innovation
is one that…
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Stakeholders
Competitors Customers
Distributors
Market Suppliers
Partners
Macro envrionment
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HR
Finance
Strategy
Production
Legal
Customer care
IT
Sales
Distribution
Marketing
Logistics
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Stakeholders Production process Your job in it Your distributors The value flows…
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Strategy Operations
B C
Market Sales
A Team Customers
D 1
Development Production
Distribution
Finance
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2 3 Marketing
Competitors
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A successful innovation
is one that…
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Customers decide themselves Customers get a limited free Customer pay for in a Customers earn credits The company earn commissions
for the price: the highest bet version and pay to get the full reccurring fashion for an (points or money) they can by referencing other companies
earns the prize access & features access limited in time retreive through their channels
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Customers pay cheap prices Sales optimization through Customers pay for the time
Customers pay for The company earn commissions
for the minimum viable price variation depending on spent using the company’s
each usage on sales it organizes
product or service the demand: yield management services or product
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Important
it today! a time to do it
Not important
Eisenhower Matrix
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A successful innovation
is one that…
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Validating an innovation
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% salariés pleinement
satisfaits et impliqués
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% ni satisfaits, ni
impliqués
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Causes manque
d’implication :
Manque de contrôle sur les aspects
clés du travail
Stress élevé
Insatisfaction du salaire
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Results of 11 years study by HBS Professors & writers of « Corporate Culture & performance »
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What are the keys skills to become a successful entrepreneur & power
great innovations ?
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1. Potential
Does my project answers to a need ?
8. Profitability 2. Potential
Can I make (enought) money and grow ? Who’s is my target ? Is this target attractive :
large enough, solvable, accessible…
Your idea
7. Feasibility 3. Potential
Who are the key stake holders and can I reach
Purpose : Is my market sexy, what are its key stakes &
them & enroll them ? Why this project and is can I master them ?
everyone on board ?
6. Feasibility 4. Potential
5. Feasibility
What are my project’s key resources to get
launched ? Can I access them ? What solution is already existing & how is my
idea different/better ?
Can I quickly identify blockage in my project’s
conception, production, logistics, distribution,
legal aspects… Can I identify accessible
solutions ?
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