FCSAmerica·Article·May 1, 2019

Continuous Discovery at FCSAmerica

Lending company adopting continuous discovery

Source
Teresa Torres
Format
Article
Published
May 1, 2019

Summary

FCSAmerica, a lending company serving farmers and ranchers across five states, faced a common product development challenge: they were making assumptions about customer needs and jumping straight to solutions without proper validation. While the team had strong customer relationships and cared deeply about service, they struggled to translate customer interactions into valuable product insights. Their decision-making process relied heavily on business owners' assumptions rather than validated customer needs.

Working with product discovery coach Teresa Torres, the team implemented continuous discovery practices centered around customer interviews and the opportunity solution tree framework. They shifted from building full solutions based on assumptions to creating low-fidelity prototypes for early customer feedback. The coaching helped them approach customer conversations more strategically and establish proper validation processes before committing to development work.

The results were transformative. Through customer interviews, the team discovered that while customers wanted online tools, they valued FCSAmerica most as a business partner – insights that significantly changed their product direction. They now build minimal solutions to gather feedback before full development, use defined success metrics for experiments, and have established processes for regular customer validation. These discovery practices began spreading to other teams within the organization.

Key takeaways for product managers include: any company can implement continuous discovery regardless of industry, customer conversations must be strategic and tied to product decisions, and building "just enough" to validate assumptions prevents wasted development effort while ensuring product-market fit.

Topics

DiscoveryAgile