article thumbnail

White Gold: A Story of Persistence

RapidStart Leadership

There was no sign of oil, money was running out, and his stockholders, who had fronted $10,000 to fund the effort wanted to abandon the project. Focused effort is what brings us closer to our goals, not hoping and wishing. Eric Ries Click To Tweet. Platt was ready to give up. Ignore the haters.

Ries 120
article thumbnail

Become a Company That Questions Everything

Harvard Business Review

To encourage company-wide questioning, The Lean Startup ’s Eric Ries says, “It’s not about slogans or putting up posters on the wall — it’s about the systems and the incentives you create to promote the behavior.” Ries points out that at most companies, “the resources flow to the person with the most confident, best plan.

Company 11
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

A Refresher on Discovery-Driven Planning

Harvard Business Review

So you look at past projects, gather and analyze relevant market data, make predictions about how much revenue you’ll be able to generate, decide what resources you’ll need, and set milestones to reach your targets. ” The project leader was reluctant to stop the project since they’d already put $10 million into it.

article thumbnail

In Big Companies, Lean Is Only One Piece of the Puzzle

Harvard Business Review

In 2010, one of us was sitting in a room at the Harvard Business School with Eric Ries and a number of budding entrepreneurs. He was not your standard internet entrepreneur — the student presenting was pitching a project to increase sub-Saharan farm income, by helping farmers shift from traditional crops to rubber trees.

article thumbnail

Is Bias Fixable?

Harvard Business Review

The program behind this was The Op-Ed Project , which scouts, prepares, and connects under-represented experts with editors so their pipelines are full of equally viable ideas from both genders. Today, I want to suggest that dreams are simply goals without an action plan. But this didn''t just happen. Diversity Gender Leadership'

Ries 10
article thumbnail

The Barriers Big Companies Face When They Try to Act Like Lean Startups

Harvard Business Review

” Lean startup, popularized by writers and entrepreneurs like Eric Ries and Steve Blank, can deliver big benefits inside big companies. You want to get as close to perfection in some of these technologies as possible, but the goal also has to be progress, not just perfection. ’ Sometimes you need to be reminded of that.”

article thumbnail

Measure Your Team’s Intellectual Diversity

Harvard Business Review

Its members need the freedom to decide how to achieve goals while also having the discipline to work in alignment with the organization’s strategy. No one style is better than another, and each car­ries its own set of benefits to a collaborative discus­sion. Innovative Teams (20-Minute Manager Series).