The "chasm" can occur between visionaries and what segment of the target market?
The chasm is the gap in the technology adoption lifecycle between the early adopters and the early majority. The early adopters are visionaries who are open to trying new technologies, whereas the early majority are pragmatists who are more cautious and skeptical. The chasm occurs due to the different expectations and requirements of these two groups. A product that appeals to the early adopters may not appeal to the early majority, who value reliability, compatibility, and convenience over novelty and differentiation. Therefore, a product needs to cross the chasm by finding a niche market, establishing a clear value proposition, and creating a strong word-of-mouth.
Which statement is true about the business model canvas (BMC)?
The BMC is a strategic management tool that lets you visualize and assess your business idea or concept. It consists of nine boxes that represent different fundamental elements of a business, such as customer segments, value propositions, channels, and cost structure. The BMC helps you to design, analyze, optimize, and communicate your business model, and to test and iterate it as you learn from the market feedback. The BMC can be used for any type of business or product, regardless of whether it generates revenue or not, as long as it delivers value to the customers.
Which statement is true about designing a data strategy?
Designing a data strategy is the process of defining the vision, goals, principles, and governance of data and analytics in an organization. A data strategy should align with the business strategy and enable the delivery of value from data and AI initiatives. Designing a data strategy requires collaboration between Product Managers and their Customers, as they are the ones who understand the needs, problems, and opportunities of the market and the users. Product Managers and Customers should work together to identify the data sources, use cases, metrics, and feedback loops that will inform the data strategy and drive the data-driven decision making.
Design your data strategy in six steps | IBM
How to build and deliver an effective data strategy: part 1 - Microsoft UK Blog
Crafting Your Data Strategy - data.org
Designing Data Strategies - Development Gateway: An IREX Venture
What innovation context type refers to the innovations we find when looking at integrated, end-to-end products and service offerings to solve complex market problems across trains?
According to the SAFe Agile Product Management APM (6.0) documents and learning resources, innovation context type refers to the level of uncertainty and risk associated with the innovation. There are four types of innovation context: portfolio, solution, feature, and business agility. Solution context type is the most complex and uncertain type, as it involves creating integrated, end-to-end products and service offerings that solve complex market problems across trains. Solution context type requires a high degree of collaboration and alignment among multiple teams and stakeholders, as well as frequent experimentation and validation of assumptions.
SAFe Innovation Framework for Lean Enterprises: What to Know
Which aspect of the Continuous Delivery Pipeline (CDP) includes Gemba?
Gemba is a Japanese term that means ''the real place'' or ''the place where value is created''. In the context of the CDP, Gemba refers to the practice of going to the source of customer needs and feedback, and observing and learning from them. Gemba is an integral part of Continuous Exploration (CE), which is the first aspect of the CDP that drives innovation and fosters alignment on what should be built. CE involves applying Customer Centricity and Design Thinking to understand and create alignment on new development opportunities, and validating them with customers using hypothesis-driven experiments.