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.

Asked on the following book summary:

resource preview

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...

Start for free ⬇️

Download and customize hundreds of business templates for free

Go to dashboard to download stunning templates

Download

book summary Preview

resource preview
resource preview
resource preview
resource preview
resource preview
resource preview
resource preview
View all chevron_right

Question was asked on:

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.

Questions and answers

info icon

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.

View all questions
stars icon Ask another question

RELATED

Agile Project Management Presentation preview

Agile Project Management

Has your project management approach led to exceeded budget and dragged out time-to-market? Our Agile Project Management presentation provides greater flexibility, transparency, and accountability for teams with complex projects that require rapid iterations.

A/B Testing Presentation preview

A/B Testing

As a leader, you wouldn’t make a decision without evidence. To gather and share data, use our AB Testing template, so your sales and conversions skyrocket fast.

Sales Pitch Deck Presentation preview

Sales Pitch Deck

Everyday, hundreds of sales presentations are met with insipid feedback and rejection. To avoid this, invest more energy and labor into the discovery and preparation process and deliver a top-notch client presentation with this customizable Sales Pitch Deck to hear nothing but a solid “Yes!” in the end.

Value Chain Analysis Presentation preview

Value Chain Analysis

Identify areas for improvement, boost efficiency and increase profit margins with our Value Chain Analysis Presentation. Use this deck to create a robust value chain and leave your competitors far behind.