“Business Concept Proofing 3.0” - A New Model for Validating and Testing Product Ideas in the Digital Environment
This paper introduces a new action-oriented Model for Validating and Testing Product Ideas tailored for the needs of the digital entrepreneurs. The “Business Concept Proofing 3.0” model synthesizes elements from established frameworks such as the Stage-Gate model, Lean Startup methodology, and Desig...
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| Format: | Article |
| Language: | English |
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Dunarea de Jos University of Galati
2024-12-01
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| Series: | Annals of Dunarea de Jos University. Fascicle I : Economics and Applied Informatics |
| Subjects: | |
| Online Access: | http://eia.feaa.ugal.ro/images/eia/2024_3/Bezhovski_Zlatko.pdf |
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| _version_ | 1846095008274317312 |
|---|---|
| author | Bezhovski Zlatko |
| author_facet | Bezhovski Zlatko |
| author_sort | Bezhovski Zlatko |
| collection | DOAJ |
| description | This paper introduces a new action-oriented Model for Validating and Testing Product Ideas tailored for the needs of the digital entrepreneurs. The “Business Concept Proofing 3.0” model synthesizes elements from established frameworks such as the Stage-Gate model, Lean Startup methodology, and Design Thinking while integrating digital tools and resources such as Google Trends, Large Language Models, Social media analyses, Launch platforms, etc., to facilitate continuous market validation. Emphasizing resource efficiency and adaptability, the model provides a structured yet flexible approach that guides entrepreneurs from idea validation to product launch. Through illustrated case scenarios, the model demonstrates its applicability in real-world settings, offering a pragmatic tool for navigating the complexities of online product development. This paper contributes to the growing body of literature on digital entrepreneurship by presenting a model that bridges the gap between existing models and the dynamic needs of the digital age. |
| format | Article |
| id | doaj-art-4702f0e0a58b48069da7ad0a6503e78c |
| institution | Kabale University |
| issn | 1584-0409 |
| language | English |
| publishDate | 2024-12-01 |
| publisher | Dunarea de Jos University of Galati |
| record_format | Article |
| series | Annals of Dunarea de Jos University. Fascicle I : Economics and Applied Informatics |
| spelling | doaj-art-4702f0e0a58b48069da7ad0a6503e78c2025-01-02T11:40:25ZengDunarea de Jos University of GalatiAnnals of Dunarea de Jos University. Fascicle I : Economics and Applied Informatics1584-04092024-12-013037589doi.org/10.35219/eai15840409432“Business Concept Proofing 3.0” - A New Model for Validating and Testing Product Ideas in the Digital EnvironmentBezhovski Zlatko0Goce Delcev University, Shtip, North MacedoniaThis paper introduces a new action-oriented Model for Validating and Testing Product Ideas tailored for the needs of the digital entrepreneurs. The “Business Concept Proofing 3.0” model synthesizes elements from established frameworks such as the Stage-Gate model, Lean Startup methodology, and Design Thinking while integrating digital tools and resources such as Google Trends, Large Language Models, Social media analyses, Launch platforms, etc., to facilitate continuous market validation. Emphasizing resource efficiency and adaptability, the model provides a structured yet flexible approach that guides entrepreneurs from idea validation to product launch. Through illustrated case scenarios, the model demonstrates its applicability in real-world settings, offering a pragmatic tool for navigating the complexities of online product development. This paper contributes to the growing body of literature on digital entrepreneurship by presenting a model that bridges the gap between existing models and the dynamic needs of the digital age.http://eia.feaa.ugal.ro/images/eia/2024_3/Bezhovski_Zlatko.pdfdigital entrepreneurshipnew product developmentproduct validationlean startupconcept developmentinnovation |
| spellingShingle | Bezhovski Zlatko “Business Concept Proofing 3.0” - A New Model for Validating and Testing Product Ideas in the Digital Environment Annals of Dunarea de Jos University. Fascicle I : Economics and Applied Informatics digital entrepreneurship new product development product validation lean startup concept development innovation |
| title | “Business Concept Proofing 3.0” - A New Model for Validating and Testing Product Ideas in the Digital Environment |
| title_full | “Business Concept Proofing 3.0” - A New Model for Validating and Testing Product Ideas in the Digital Environment |
| title_fullStr | “Business Concept Proofing 3.0” - A New Model for Validating and Testing Product Ideas in the Digital Environment |
| title_full_unstemmed | “Business Concept Proofing 3.0” - A New Model for Validating and Testing Product Ideas in the Digital Environment |
| title_short | “Business Concept Proofing 3.0” - A New Model for Validating and Testing Product Ideas in the Digital Environment |
| title_sort | business concept proofing 3 0 a new model for validating and testing product ideas in the digital environment |
| topic | digital entrepreneurship new product development product validation lean startup concept development innovation |
| url | http://eia.feaa.ugal.ro/images/eia/2024_3/Bezhovski_Zlatko.pdf |
| work_keys_str_mv | AT bezhovskizlatko businessconceptproofing30anewmodelforvalidatingandtestingproductideasinthedigitalenvironment |