Test hypotheses through experiments rather than risk analysis
Understanding the differences between exploration and exploitation
Practical sheet REF: FIC1744 V1
Test hypotheses through experiments rather than risk analysis
Understanding the differences between exploration and exploitation

Author : Marc EVANGELISTA

Publication date: November 10, 2021 | Lire en français

Logo Techniques de l'Ingenieur You do not have access to this resource.
Request your free trial access! Free trial

Already subscribed?

3. Test hypotheses through experiments rather than risk analysis

The classic, causal approach means that for each action we take, we have to consider the risks that could jeopardize the achievement of the desired objective. But to carry out a relevant risk analysis, it's essential to know the environment, whether it's market-related, technical, or both.

3.1 Working on the basis of hypotheses

In exploration, this knowledge of the environment is often limited, and sometimes even non-existent. So you need to work in iterations, as if you were taking baby steps. To do this, starting with your idea or the idea you're trying to turn into a business, you'll need to examine aspects of its desirability, feasibility and viability. From there, you'll set out your hypotheses. For example, if you have the idea of setting up a new digital...

You do not have access to this resource.
Logo Techniques de l'Ingenieur

Exclusive to subscribers. 97% yet to be discovered!

You do not have access to this resource. Click here to request your free trial access!

Already subscribed?


Article included in this offer

"Management and innovation engineering"

( 434 articles )

Complete knowledge base

Updated and enriched with articles validated by our scientific committees

Services

A set of exclusive tools to complement the resources

View offer details
Contact us