Finnish telecommunications company Elisa has been on a transformational journey—particularly since 2006, and in regards to its digital business transformation, where the focus has been driven by customer insight instead of technological prowess. The first step was developing a program for broadly discovering customer frustrations and business opportunities therein. This evolved into a separate department for new services and markets, generating several new digital businesses.
Even though agile methods took firm hold in the technology development, the business mindset was still more about trying to scale fast than fail fast. Telecom companies need to ensure technical quality and make big investments in mature business areas, which is often the opposite of rapid experimentation.
At the moment, Elisa has pivoted development of its new international businesses into strategic domains, which rigorously follow the Lean Startup principles. This means dedicated startup teams and using innovation accounting to guide regular pivot or persevere meetings and funding decisions.
This keynote will share key learnings from Elisa's adoption of the Lean Startup methodology.