The Value Flywheel Effect: Power the Future and Accelerate Your Organization to the Modern Cloud

Product Information

There’s a body of evidence, supporting material, videos, tutorials, workshops, and labs to help you with well-architected. You can google well-architected for AWS, Azure, or Google, and you will get a consistent response. You can self-serve and learn, and there are courses and certificates also.It’s starting to permeate through. Maybe we’re in an echo chamber or little bubble, but it’s resonating much more than ever. Teams love that we’re starting to focus on these things because they’ve always wanted to do them. And they didn’t have the capacity, the space, or the language to fight to deliver well-architected. We have modernised our map sessions with the tools that are available. And the fact that we’re working from home more, means that collaboration sessions are digital.There are a lot of online tools available: Lucid Chart, Online Wardley Map, and VS code. Live Wardley mapping Could right fit help talent discover more meaning and satisfaction at work and help companies find lost productivity? The Value Flywheel Effect, enabled by cloud adoption, will accelerate your business. Each phase of the Value Flywheel is anchored by three key tenets (twelve in total). These tenets will help guide you through each of the four phases of the Value Flywheel. The title of this was ‘Serverless 2030’. These things take time because there’s lots of inertia to change. There’s lots of traditional practices and techniques. And there’s lots of value in them as well. So it’s not like they can go serverless overnight. There’s an evolutionary journey that people, teams and organisations need to go on to grasp the value in the top left corner of the map. ‘Adaptation: The Serverless Edge and The Value Flywheel’

The Value Flywheel Effect - Google Books

The “flywheel” loses momentum and slows down each time the objective changes and resources are reassigned, eventually slipping into a Doom Loop, a circumstance in which every action leads to a worsening of the initial situation. The “flywheel effect” and the “doom loop” can occur in the same firm at the same time, especially if a company does not fully comprehend what components enabled the “flywheel” in the first wheel and makes rash alterations. The commoditize piece is an interesting one to get into. I always think of this one as a scaling thing. As you’re moving with speed, and producing more throughput, you carry that over the longer term. There are many flavors of business or product roles, but they should all represent customer value. For the third phase of the Value Flywheel Effect, the product leader, who represents the customer, is the driver. They ask the question: How can we optimize for maximum customer value? It’s important to recognize the depth of the product discipline and the many important techniques available. In The Value Flywheel Effect, we’ll focus on speed—deciding what to build is a whole other set of books!So it’s an interesting question, and it has multiple sub components to how you answer it. Because when you talk about enabling engineers in a big company like Liberty Mutual, you’re talking about large numbers of engineers. So it could be 1000s, across the globe, we’re talking about as opposed to maybe a couple of small teams. Direction alignment, enabling constraints and walking the walk

The Value Flywheel Effect Book - The Serverless Edge The Value Flywheel Effect Book - The Serverless Edge

In 2021, David parted from Liberty Mutual to explore the serverless first journey across the industry and joined BazaarVoice as Technical Fellow. The Serverless Edge was formed to collate some of this thinking, and he continues to work with clients and partners to prove out the thinking in this book.The big gains from evolving product to commodity are observability and visibility. How many times, in the past, have third party consultants come in to quantify your technical debt and recommend investing in an IT resource to move platform. When in actual fact you know the correct thing to do is tie technical debt or legacy to actual value. For anyone who doesn’t know about Wardley Maps the anchor is at the top represents the user. Then you have these four phases: Genesis, which is brand new, Custom Built, you can build something but you aren’t quite sure how to replicate it, Product, you are getting good at building it, and it’s ready for prime time, and then Commodity, which is just the price of doing business. Wardley Map Inertia Points The most important thing is that you need to have alignment on direction. So you need to make sure that everybody there knows where they’re going. That’s the very first and most important thing. And that’s what most people skip, because if you don’t tell people the direction, everyone will just head their own way. And it’ll all actively work against itself, because it becomes a competition.

Flywheel Effect - How To Build An Exceptional Business? Flywheel Effect - How To Build An Exceptional Business?

I think we ended up in a good place, but as always I’d love to hear if you think I’m wrong on any of this so I don’t stay quite as ignorant as I am now. What is the Flywheel Effect? Definition…? But if you don’t want to do that and not everyone wants to install an ‘ide’, you can go to onlinewardleymaps.com and play about. Initially we thought it was too formal, But now I think it works well. Plus, you can give someone the code to play with themselves, which is good. DevOps best practices, case studies, organizational change, ways of working, and the latest thinking affecting business and technology leadership. Mark McCann: And the beauty of maps here is that, the components can move across this canvas here, from left or right. They evolve towards commodity as they become more industrialized. But what does it mean? Quite simply, if there is an advantage to be gained from making something better, then it will move from genesis through to commodity. Market competition will force that to happen, if there’s value in doing so. So you can see here, we’ve placed conference to the left of product, as a physical conference has a lot of unique and specific factors.This turned into a fascinating adventure through Competitive Advantages, Mental Models, and practical lessons for operators. Also lots of fun pictures and diagrams in this one! This was the beginning of what came to be known as serverless computing, where companies no longer managed their cloud operations themselves but gave that toil over to the cloud vendors. With this model, an organization could run an application when needed, shut it down when needed, and pay only when it was being used. With well-architected and engineering excellence, you can build things that run and increase in value. And there’s less work over the long term while your teams move on to what the business needs. I don’t think a lot of orgs think in that way. By the time they do get thinking that way, they’re already experiencing a lot of problems.