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Explore

Embarking on a major digital initiative can be complex and risky. To ensure success, it’s important to take a careful and iterative approach. You will want to ensure that you are addressing the most important and relevant opportunities in the best possible way.

The Explore phase is designed to help you kick off the Product Journey swiftly and efficiently. By working with you to identify business objectives, opportunities and constraints, we will lay the foundation for a successful digital initiative.

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Activities

The Explore agenda will of course be tailored to your specific situation, but our framework usually includes

Clarify business objectives
Together, we will deep-dive into your business objectives to clarify the benefits and outcomes that you are aiming for. This will help us to ensure that the initiative will be aligned with your goals and priorities.

Frame opportunities
We will work with you to identify promising areas of opportunity and frame them in a way that will guide subsequent ideation and development. We will be creative and investigate multiple framing options before settling on a specific alternative.

Collect insights
In addition to dialogs with key stakeholders, we will also gather data and insights about user behavior, market- and technology trends, and competition. This will help you to decide on which customer- and user segments to address initially and to define the constraints for the product you want to create.

Make vs Buy
If applicable, our activities will include investigating what already exists in the market and whether or not it will make sense to use an existing product or platform. In this, we will consider factors such as cost, time to market and customization needs.

Operational readiness
We often also recommend investigating how the new initiative may impact the organization, the ongoing business and other initiatives that may be in your portfolio.

Outcome

You will receive a comprehensive set of findings and facts that will provide a solid base for your decision-making. The main deliverable will be the Product Memorandum, a comprehensive report that includes: 

  • Executive summary 
  • Background
  • Framing results 
  • Priorities
  • Product Vision 
  • Product Strategies
  • Business Objectives
  • Resource needs
  • Risks and risk mitigation 
  • How to proceed

Explore usually concludes with a 90-minute dialog meeting with key stakeholders to walk through the Product Memorandum followed by a Q&A session.  

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