Discovery and Validation: the journey from idea to product

A new business opportunity and the need to analyze and test the idea for a new product: this is the process followed by the 20tab team.

Industry

Tech

Year

2023

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The initial situation

The Client approached 20tab with the intention of identifying a new business opportunity.

The idea for a new product had already been present in the Company for some time: in the preceding months, a small analysis had been conducted with some already acquired users. Therefore, the Client chose to outsource the Discovery and Validation phase to ensure it was handled by a team experienced in this field and entirely focused on the objective, thus achieving a better cost-benefit ratio.

Once at 20tab, we further explored the proposal with a Discovery phase and carried out a Validation process to understand its feasibility, alignment with user needs and desires, and its actual placement in the market.

Main technical activities

Discovery

Validation

Tools and practices

User research

Market Opportunity Tree

Lean Canvas

Validation Briefing Board

Brainstorming

Experiment Canvas

Implemented activities

Discovery started with 10 interviews with both junior and senior figures. In these sessions, we gathered information about their experiences: work, motivations, and the methods they choose for learning and staying updated. We also inquired about how they utilized the resources already provided by the client. Finally, we introduced the new product, albeit not yet realized, to understand if they were interested in this service.

Based on all this data, we constructed the Market Opportunity Tree - a framework created by our Head of Growth, Mirko Maiorano - that allowed us to organize all the opportunities and information collected. Subsequently, we developed a Lean Canvas to describe the new business.

We started with the problems identified and the solutions useful for solving them, considering existing solutions and those created by competitors. We derived the Unique Value Proposition and detailed all other essential aspects to outline the contours of the new business. Finally, we defined which metrics to monitor to validate the identified business model.

At this point, we proceeded to draft a Roadmap that outlined the timelines, objectives, outcomes, and metrics to achieve.

The Validation of the product was then undertaken.

The 20tab team began with Business Model Assumptions, considering desirability, feasibility, viability, and sustainability. The Validation Briefing Board was compiled based on the previous Discovery work. Among these assumptions, we selected the riskiest ones and conducted a brainstorming session to devise experiments to validate the new product and mitigate these risks.

The brainstorming, after the generation phase, included a refinement of ideas, followed by voting and evaluation of pros and cons. A prioritization of experiments was then carried out, assessing the effort required to implement them and their impact.

The three winning ideas were presented and discussed with the Client, outlined comprehensively using the Experiment Canvas, allowing us to specify metrics, channels, risks, and success criteria for each experiment.

Having chosen the first experiment, we defined how to carry it out operationally: a webinar attended by people who already use other services from the same Client, in which we talked about professional upgrading, the critical problems faced by companies and professionals, and the new product useful for solving these problems. An agenda was created, actors were chosen, supporting materials were produced, and the entire post-event flow was established to gather feedback and assess participants' interest in the product.

Final Result

After conducting the experiment, we sent a survey to users and engaged in discussions with interested parties to gather opinions, needs, and desires. This process also helped us better evaluate the business model and the product pricing.

Approximately two months into the project, a comprehensive Report was delivered to the Client containing all the data, metrics, and conclusions drawn from the analyzed experiments.

We collected crucial information that will serve as the foundation for defining and developing the product. The Validation phase has not concluded yet* and is ongoing with additional experiments and continued engagement with the involved users.

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*To protect the business idea, no details about the Client and the product have been provided in this initial version of the case study.