Mapping Potential Growth Trajectories
Join Mark and Tom as they unravel the complexities of mapping growth trajectories for GenAI startups. Learn about the five paths of AI enlightenment, decode a Wardley Map, and play a round of 'Choose Your Own AI Adventure.' Perfect for aspiring AI entrepreneurs, tech enthusiasts, and anyone who's ever wondered how to scale a dad joke predictor. Resources include links to the Wardley Map tool, recommended books on strategy, and a promise of at least three AI-generated puns per episode.
Chapter: Chapter 2: Crafting Your GenAI Startup Strategy
Section: Planning for Scale and Growth
Key Takeaways:
• Mapping growth trajectories is about preparing for multiple futures, not predicting one outcome
• The five main growth paths: vertical integration, horizontal expansion, geographic scaling, product line extension, and ecosystem development
• Wardley Mapping helps visualise business components and their evolution over time
• Successful GenAI startups need to balance core tech, specialised applications, regulatory compliance, and potential platform strategies
• Flexibility and strong R&D focus are crucial in the rapidly evolving AI landscape
Additional Resources:
• Original Book: Read the full book on Medium
• The Art of Strategy: A Game Theorist's Guide to Success in Business and Life by Avinash K. Dixit and Barry J. Nalebuff
• The Lean Startup: How Today's Entrepreneurs Use Continuous Innovation to Create Radically Successful Businesses by Eric Ries
• https://create.wardleymaps.ai/#clone:479ca7f5b0e9f78e46
#WardleyMaps #GenAI #Podcast
Note:
This content was generated using Generative AI. While efforts have been made to ensure accuracy and coherence, readers should approach the material with critical thinking and verify important information from authoritative sources.
