MBA 6262 Blogpost 2 Gurudev Ramesh
Welcome to my second blog on the lessons learnt in the class MBA6262. Just a quick review of my first blog. We were in a situation where we validated our assumed value proposition of providing the convenience of laundry pickup and delivery service. But our assumptions were not so realistic when we talked to people. In this blog I am going to elaborate the further steps in validations we did, what we learnt through the validation process, and our decisions based on that. After the first round, we decided to validate our " leap of faith " assumptions again, which was to test our value hypothesis and growth hypothesis with our customers. Our value hypothesis was that we assumed laundry was a time consuming process, and people will be willing to pay for the services which gives them the convenience of someone else doing their laundry for them in just a click. To validate this we took many approaches as mentioned by "Eric Ries". First, we stepped out of the building ...