Terms related to »Innovation«

BDUF (Big Design Up Front)

A term used ironically by programmers. It describes the documentation required in advance of building something when projects are run in a waterfall project management mode. [ » read more ]

Business Model

A narrative of how a business works and makes money: it describes how it creates and delivers value to its customers at an appropriate cost and how it captures its share of value in turn. [ » read more ]

Business Model Fit

The inflection a startup reaches when it has gathered enough evidence to demonstrate that it is able to deliver its value proposition with an optimal profit, based on a scalable business model. [ » read more ]