Applied Frameworks helps companies design, build, and grow sustainably profitable software-enabled solutions throughout the solution lifecycle. Companies struggling with profit need support from experts who know how to design and implement strategies tailored for software-enabled solutions.
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Love this sharing and the insights. Makes my heart full
🎯 Key Takeaways for quick navigation: 15:00 💼 *Profit is essential for the sustainability of a business, just as the Sun's energy is crucial for sustaining life on Earth.* 16:37 💼 *Profit is generated when a business generates more revenue than its costs, ensuring long-term sustainability.* 17:11 💼 *Profit creates a virtuous cycle between a business and its customers, where money is exchanged for value over the product's lifecycle.* 18:40 💼 *Profit streams are value streams designed to create a sustainable business, quantifying value and ensuring revenue exceeds costs.* 21:40 💼 *Profit streams encompass solution sustainability, economic sustainability, and relationship sustainability.* 24:22 💼 *The Profit Stream Canvas is a tool that promotes holistic innovation, collective wisdom, and collaboration in creating software-enabled solutions.* 25:47 💼 *The Profit Stream Canvas helps organizations make informed choices about solution sustainability, economic sustainability, and relationship sustainability.* 26:48 💰 *Understanding the challenge of including profit as a metric in value stream thinking.* 28:28 🏨 *Consideration of modeling multi-party systems like Airbnb as Profit Streams and the complexities involved.* 29:02 💵 *When modeling something as a Profit Stream, understand the foundation of each element, value exchange, pricing, licenses, and other factors.* 30:51 🤝 *Think about value exchange models and their impact on customer use and perception of benefits.* 32:40 💼 *Pricing and transaction types play a crucial role in improving, increasing, or sustaining profits in Profit Stream modeling.* 36:08 🌟 *Pricing strategy considerations, including premium and penetration strategies, and the challenges of pricing.* 38:38 🚫 *Caution against over-relying on freemium pricing strategies and the challenges they pose.* 39:06 🔄 *Consideration of embedded costs for using other companies' parts of the solution when modeling Profit Streams.* 43:45 📈 *The importance of identifying and quantifying dimensions of value that customers truly value to understand customer value.* 46:36 💡 *The complexity of jobs to be done framework and the need for a more holistic approach to understanding customer value.* 50:15 🌐 *Clarification of the distinction between software-enabled solutions and SaaS within the context of Profit Streams.* 52:58 🚀 *Tightening market segmentation, optimizing benefits, and improving pricing strategies are unexpected benefits of using Profit Stream thinking.* 53:23 💰 *Understanding customer benefits is crucial for pricing and preserving pricing.* 53:52 🏢 *Collaboration between technical and business-minded individuals helps see the relationship between architecture and business choices.* 55:01 🚀 *Profit Stream thinking can reveal unexpected intangible benefits that customers value, even in startups.* 56:24 📈 *Recognize the importance of intangible benefits, emotional aspects, and collaborative relationships with customers in your offering.* Made with HARPA AI
The quote about responsibility is actually by Voltaire.
How do I become the SPCT
Promo>SM 🌺
You lost me with your Say NO to Velocity!
That’s where they won me
Thanks for the information. it was really helpful.
please add the links mentioned in the webinar, txs
Sorry for our much delayed response. This is the webinar about the Agile team that Joel was talking about. kzread.info/dash/bejne/eGSpvLx-ctrchNo.html And here is the one with Kim Poremski, in relation to Profit Streams. kzread.info/dash/bejne/fYFhj5WPm7iWqag.html If you are interested in more webinars, check out our channel! www.youtube.com/@appliedframeworks
I'm also a recovering PM :D Thanks for such an amazing video. It brings up a lot of good points, especially when it comes to coaching itself. I've also dealt with that inner dilemma of "Should I give advice?" because the ICF is very strict in the UCM. But at the same time, I think what makes a good coach, or in this scenario, agile coach is the fact to be able to use any tool you have to serve the client. That's the main goal. And if that means giving advice when asked or needed, then you can.
*promo sm*
Thanks so much for the help I appreciate everyone
Nice real life summary and sharing of experiences from both the interviewer and interviewee! :) Interesting (as a change management practitioner) that the phrase "change management" doesn't come up. Would love to see SAFe more specific about how change management weaves through the content (beyond the Kotter summary). Thanks for sharing!
I want to learn software agreement end to end any contact number for you
What about indemnity and limitations of liability clause being a licensee incase of capping our liability
Just got to see this wonderful session with lots of useful insights. Thank you so much.
Phil I dig pretty well, all the other speaker I did not dig, zilch, nada, death by powerpoint "next slide" shit. I still dont see how VSM and SAFE's so-called VS relate.
Myth #1: It's agile. Individuals and Interactions over processes and tools.
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I love this topic! It was a blast collaborating with Bryan Vaughn and Eric OBrien
Very informative; thank you!
...thanks this is a very pragmatic approach...
great presentation! Since this was pre-COVID, have you considered how to adjust this content to a virtual working world?
Thank you for this it gives me a better inside for PI planning
Great webinar, Thanks For sharing Joel.
Great webinar, I've learned a lot about Metrics. I also reached out to Joel. I'm hoping to get some details about measuring Team Happines. Thank you for sharing your knowledge!
This is excellent. Thank you
Thank you for the lecture. How do you integrate security framework with SAfe 5.0? What is the difference between SPC and agile coaching? Is Safe considered a business model to derive monetization strategy i It is it considered a business process model to deliver the execution for the business model monetization strategy?
SPC (SAFe Program Consultant) is a certification that demonstrates a person's desire to be a change agent and support their organization through a SAFe transformation. SPCs can teach a number of role specific SAFe courses to aid in the adoption of SAFe and help at all levels, from the team to the portfolio level during a transformation. An Agile Coach might also have both strategic and tactical impact across an organization but they are not necessarily supporting the adoption of a specific Agile scaling framework. An SPC is a specific SAFe certification.
I am not sure how to quickly answer your first question. Feel free to visit us at appliedframeworks.com and send us a direct email - we can set up time to talk more.
Great Webinar. Love the Q&A.
Please remember me at 30 subscribers. how long have you been at it? Also, I would love To be friends :D