Friday, May 18, 2012

Harvard Business Review Confirms Power of Agile Reform

"Who needs an agenda if you have a vision" was the first post on this blog and explained that Agile Reform is an unfocused method to reform complex systems. Agile Reform is driven by a common goal and a plethora of trials and errors. It has 5 principles:
  1. Have a Vision
  2. Several solutions for the same problem
  3. Just start doing
  4. Change is managed at the lowest possible level (subsidiarity)
  5. Big change is the result of the iteration of small changes.

The Harvard Business Review (HBR) now confirms that about 70% of entrepreneurs who had a successful exit (that is, an IPO or sale to another firm), did NOT start with a business plan. "[The businesses] were conceived not with a document but with a feeling and doing for an authentic vision. Clarity of purpose and passion ruled the day with less time spent writing about an idea and more time spent just doing it."
"The best content for a business plan is real-world data based on testing aspects of the concept. ... You want simple, iterative tests."

Principle 2 is not really part of the HBR suggestions, but supposedly start-ups are not really complex enough to have competing solutions for the same problem.