#13. Product ideation: how to ‘think’ your way to a BILLION dollar business idea
Description
Season 2: 'Product development', Episode 1
All great products start out as an idea. In this episode product design experts and leading entrepreneurs reveal how the secrets to design thinking for success.
Guest Bios:
Ross Gales Rob Newman (https://www.linkedin.com/in/rossgales/) is Director of Design & Strategy at leading product design agency Pollen. (https://pollen.com.au).
Carrie Peters (https://www.linkedin.com/in/carriepeters/) is Product Design Principal at product design agency Us Two. (https://www.ustwo.com.au/)
Mina Radhakrishnan is founder & CEO of 'proptech' platform Different.com.au (https://www.linkedin.com/in/minarad/) and has worked for Google & Uber.
Sven Almenning (https://www.linkedin.com/in/sven-almenning-a8554b20/) is founder & CEO of the Speakeasy Group, a leading Australian hospitality group. (https://speakeasygroup.com.au/)
What to listen out for:
3.05 The story of Fender guitars and their hit product 'the Stratocaster'.
6.48 Henry Ford quote on product development
9.50 Jony Ive and the iPhone design
10.35 The 'Double diamond' framework
14.09 The 'Five W's' framework
18.05 'Customer value pyramid' - tool
18.45 'How might we statements' - tool
23.26 Why product design frameworks are so important
25.00 'Jobs to be done' framework
33.45 What it's like to work in product design at Uber
35.00 Building products vertically vs horizontally
39.50 The origin story of Viking whisky bar Mjolner
43.04 The role of creativity in product design
53.00 Create a product that is better than the person expected, that's when you're winning
57.54 NERD UNDER PRESSURE - regular segment
Resources & links:
- History of the Stratocaster https://www.fender.com/articles/gear/the-history-of-the-fender-stratocaster-the-1950s
- Thinking fast & slow - by Daniel Kahneman https://www.nytimes.com/2011/11/27/books/review/thinking-fast-and-slow-by-daniel-kahneman-book-review.html
- Jobs to be done theory https://hbswk.hbs.edu/item/clay-christensen-the-theory-of-jobs-to-be-done
- Double diamond framework https://www.justinmind.com/blog/double-diamond-model-what-is-should-you-use/
- Customer value pyramid https://www.marketingjournal.org/the-elements-of-value-an-interview-with-jamie-cleghorn/#:~:text=The%20Value%20Pyramid%2C%20as%20they,more%20subjective%20value%20higher%20up.
*****
Enjoyed this podcast? >>>> Please SHARE via text or social media ((!))
Get in touch with us here: https://nerdsofbusiness.com/contact/
You can follow Nerds of Business on socials:
Twitter: https://twitter.com/business_nerds
Facebook: https://www.facebook.com/nerdsbusiness/
Linked in: https://www.linkedin.com/company/nerds-of-business/
This podcast uses the following third-party services for analysis:
Podcorn - https://podcorn.com/privacy




