This framework is grounded in the belief that all solutions solve human problems and strive to augment human capabilities by introducing a new way of doing things using technology or otherwise (Figure 2.1).
Figure 2.1 The four stages of transforming an idea into a business.
The framework is divided into the following four stages:
STAGE 1: UNDERSTAND THE PROBLEM to have a clear idea of the desirability by key stakeholder(s).
STAGE 2: DEVISE A SOLUTION to determine feasibility of the new approach.
STAGE 3: CRAFT BUSINESS to get an insight into viability from business perspective.
As you go through each stage, ...