Uncertainty vs. Investment
Learn about the trade-off between uncertainty and investment in a business.
We'll cover the following
Uncertainty
First of all, it must be understood that what you are doing when developing a new product (or functionality) is gradually reducing the level of uncertainty of a business model. The greater the uncertainty, the lesser information, and investment. You will need to reduce that uncertainty by a lot. But as you go further in understanding your customers, your market, and your capabilities, you will have to invest more to reduce the level of uncertainty by much less.
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