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Exploring the Potential of Innovation: Paradigm Change from Project to Product

Posted by admin on 22 Jan 2024 00:42 | 122 Views

Exploring the Potential of Innovation: Paradigm Change from Project to Product

Project vs Product

In a world that continues to develop, a business approach that prioritizes innovation is increasingly becoming the main focus. The output-oriented project-based model is gradually being replaced by a product-based approach that focuses on results. In a project-based approach, the primary goal is to meet a set schedule and budget, with major changes becoming difficult to implement along the way. However, by moving to a product-based approach, the focus shifts to customer outcomes and satisfaction, allowing for a more dynamic adaptation to changing needs and evolving market demands.

Output vs Outcome

The importance of empowering teams to become owners from start to finish of a product is key in a product-based approach. This way, the team can focus on the correctness and usefulness of the requirements, not just on time and cost. A simple analogy like pizza delivery illustrates the difference between output (delivering pizza) and outcome (delivering the correct pizza, on time, and satisfying the customer). This paradigm shift not only affects how we measure project success, but also how we embrace change and innovation in a dynamic business environment.

Face Challenges for More Impactful Innovation

In the face of changing customer needs, evolving technological capabilities, and emerging innovative solutions, companies are slowly moving away from traditional models toward a more adaptive and responsive approach. In conclusion, although these changes are challenging, a product-based approach offers the speed, flexibility, and innovation that can lead companies to long-term success.

Referensi :

  • Ankam, S. (2018). Project based approach vs product based approach. Retrieved from https://www.linkedin.com/pulse/project-based-approach-vs-product-ankam-seeking-new-opportunity-/