Process to quickly test hypotheses and ideas by rapid prototyping and piloting. Used to gather customer feedback.
Monetization is the process of generating revenue from an asset, product or business.
Evaluation: Assessing a project or idea's value, impact, and effectiveness to inform decisions and improve outcomes.
They represent the ways a company creates, delivers, and captures value.
Experimentation is key to successful innovation. By testing assumptions and gathering data, companies can make evidence-based decisions to avoid product failures.