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Lean startup, lean company

Lead on Purpose

“I explained the theory of the Lean Startup, repeating my definition: an organization designed to create new products and services under conditions of extreme uncertainty.” This definition comes from Eric Ries, author of The Lean Startup: How Today’s Entrepreneurs Use Continuous Innovation to Create Radically Successful Businesses.

Ries 216
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How Big Companies Should Innovate

Harvard Business Review

They're bad at innovation by design: All the pressures and processes that drive them toward a profitable, efficient operation tend to get in the way of developing the innovations that can actually transform the business. But giving up the pursuit of innovation seems less than satisfying, if not unrealistic.

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7 Steps to Getting Your Startup Story Right

Rajesh Setty

Your job is to get into their shoes and experience a day in their life without and with your product or service. Some entrepreneurs quip back citing examples from Alexander Graham Bell to Steve Jobs who could not or did not do market research respectively but went ahead with amazing innovations. All the best!

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The Dangers of the Minimal Viable Product

Harvard Business Review

One of Blank's disciples, Eric Ries , turned his wildly popular Startup Lessons Learned blog into The Lean Startup , one of 2011's best business books. I'm a huge fan of this work and suggest that all innovators study the movement closely. One area that deserves particular attention is the notion of the minimal viable product (MVP).

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How to Innovate with an Executive Sponsor

Harvard Business Review

Meaningful innovation requires sponsorship. We seed our organizations with resources — people, capital, and equipment — and those resources have productive value in certain areas. At its core, Penrose's idea is the reason innovation requires sponsorship. It always has.

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Become a Company That Questions Everything

Harvard Business Review

For companies seeking to innovate, adapt to change, and maintain an edge in fast-moving, competitive markets, a questioning culture can help ensure that creativity and adaptive thinking flows throughout the organization. And is it possible to encourage the “right kind” of questions — the ones most likely to lead to productive results?

Company 11
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How GE Stays Young

Harvard Business Review

That includes learning from the outside and striving to adopt certain start-up practices, with a focus on three key management processes: (1) resource allocation that nurtures future businesses, (2) faster-cycle product development, and (3) partnering with start-ups. Product development: g etting closer to customers and moving faster.