article thumbnail

Founding a Company Doesn’t Have to be a Big Career Risk

Harvard Business Review

Lean Product Development and Customer Development processes) decreases the chance of a startup’s failure. While developing expertise is the most certain way to reduce entrepreneurial risk, many other strategies exist: Process — Using the right processes to deal with market uncertainty (e.g.

Career 8
article thumbnail

Breaking the Death Grip of Legacy Technologies

Harvard Business Review

automakers took decades to adopt lean production methods despite the obvious benefits from increased productivity and lower work-in-process inventory. Even General Motors, which had a bird’s eye view of the Toyota Production System from its joint venture with Toyota at New United Motors Manufacturing Inc.