Focus on the business development process of innovation, quantification, and orchestration while building your business prototype.
The business development process of innovation, quantification, and orchestration gives the basic framework for running a successful business. Armed with this knowledge, one can reach great heights in their business because it streamlines the business development process.
The first fundamental of making a prototype: innovation.
Innovation refers to inventing new and better strategy. For example, with the introduction of electric cars by Tesla, all auto companies need a good strategy to bring efficient electric cars to the market.
The second fundamental: quantification.Simply applying a strategy is of no use if it’s not producing good results. Quantify results so that you
can tweak your strategy to get better results.
The third fundamental: orchestration.
Orchestration refers to elimination of discretion or choice at the operating level of business. For example, McDonald’s has fixed the process for making a burger to the point that all employees use the same process to produce the same taste in the burger.
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