Awkward Reality #98
The more uncertain a new-product project, the better.
With a high-certainty product project, you can accurately predict your financial profits. With an uncertain project, you face significant potential downside and upside profits. In B2B markets, you can understand the downside very early. You’ll kill the project cheaply if the downside cannot be eliminated. And reap big upside profits if it can.
You can methodically strip away uncertainty and de-risk your projects. This is done through a four-step process that combines Discovery-Driven Planning with New Product Blueprinting. Learn more in this white paper, Innovating in Unfamiliar Markets (page 5).