How can the Metered Funding model impact the financial outcomes of an organization?

The Metered Funding model can significantly impact the financial outcomes of an organization. By allocating resources and funding to successful pilots, it ensures that only the most promising projects receive substantial investment. This approach minimizes financial risk and maximizes the potential for positive financial outcomes. It encourages innovation by creating a merit-based environment where the best ideas receive the most support.

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The Startup Way

The Startup Way — released in early-October 2017 — is the continuation of the award-winning The Lean Startup — both written by Eric Ries. The Lean Sta...

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builds on the same topics and introduces new techniques to identify and develop cutting-edge products within large organizations. The book introduces: a "Metered Funding" model to add resources and funding to successful pilots, a model to create an entrepreneurial culture within an organization based on meritocracy, among other techniques. These techniques will shift your organization's culture towards one that is focused on innovation and positive financial outcomes.

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The Startup Way doesn't explicitly mention how to handle unsuccessful pilots in the Metered Funding model. However, the principle of the model is to add resources and funding to successful pilots. Therefore, it can be inferred that unsuccessful pilots might not receive additional resources or funding.

Some other models or techniques that can be used to identify and develop cutting-edge products within large organizations include the Lean Startup methodology, Agile development, Design Thinking, and the Stage-Gate process. These models focus on rapid prototyping, iterative development, and customer feedback to drive innovation. Additionally, fostering a culture of innovation and creativity within the organization can also contribute to the development of cutting-edge products.

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