Value Stream Discovery is a method or tool that helps businesses identify and test the activities they need to undertake in order to create value for their customers. It is designed to address uncertainty and enable businesses to make informed decisions.
One of the key aspects of Value Stream Discovery is the identification of assumptions and metrics that matter. This involves examining the various activities a business might engage in and testing them to determine their impact on creating new value for customers. By hypothesizing and testing these activities, businesses can gain insights into what truly creates value and adjust their strategies accordingly.
The Value Stream Discovery loop is a model that visualizes the process of identifying and testing these activities. It helps businesses articulate the assumptions they have about the activities that create value and provides a framework for systematically testing and iterating on them. The loop emphasizes the importance of continuous learning and improvement, as businesses gather feedback and data to validate or refine their assumptions.
There are several resources available online that provide guidance and templates for Value Stream Discovery. One such resource is a blog post on movestheneedle.com titled “Value Stream Discovery: What to test & how to measure.” The post discusses the value of the Value Stream Discovery loop and provides an example using Airbnb to illustrate its application. It highlights the importance of identifying key assumptions and metrics, as well as the need for experimentation and measurement.
Another resource, found on mural.co, offers a Value Stream Discovery template. This template helps businesses define the activities they need to undertake in order to create value while facing uncertainty. It provides a visual representation of the Value Stream Discovery process, allowing teams to collaborate and iterate on their assumptions.
A LinkedIn article by Brant Cooper also provides insights into Value Stream Discovery. Cooper describes it as a method to hypothesize and test all the activities that a business might engage in to create new value for customers. He emphasizes the importance of experimentation and measurement in the process, as well as the need to iterate and learn from the results.
Movestheneedle.com also offers another resource called the Value Stream Discovery loop tool. This tool helps businesses articulate the activities they assume they must undertake in order to create value while facing extreme conditions. It provides a step-by-step guide to using the loop, including the identification of assumptions, experimentation, and measurement.
Additionally, there is a PDF document available on uxresearchandstrategy.com titled “THE VALUE STREAM DISCOVERY LOOP.” The document provides insights into the value of the loop and the role it plays in innovation and customer experience transformation. It mentions the experience and expertise of the author in leading such transformations and emphasizes the impact of the Value Stream Discovery loop.
In conclusion, Value Stream Discovery is a method or tool that helps businesses identify and test the activities they need to undertake to create value for their customers. It involves hypothesizing and testing different activities to determine their impact on creating new value. The Value Stream Discovery loop is a visual representation of this process, emphasizing continuous learning and improvement. Various resources, such as articles, templates, and tools, are available to guide businesses in implementing Value Stream Discovery and harnessing its benefits.