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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.

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How Startups Benefit From Experimentation

The Horizons Tracker

Indeed, the lean startup methodology popularized by Eric Ries has brought into the popular lexicon the pivot, by which startups change tack after experience from the market encourages a new direction to be taken in some way. If you’re generating more ideas, you’re more likely to generate new products.”

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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. However, I also pointed out a paradox: being bad at innovation and good at execution isn't necessarily undesirable.

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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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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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Why Innovators Love Constraints

Harvard Business Review

If you, like me, are a foot-dragging devotee, consider the following: Fewer resources produce proximity; proximity drives innovation. Workplace proximity can be equally productive. If you want to form meaningful bonds that lead to productive collaboration and innovation, make room for more close encounters.

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The Most Innovative Companies Don’t Worry About Consensus

Harvard Business Review

In so doing, you increase the speed of innovation and decrease the cost of failure. If I can spend $10,000 for a one-day experiment that will tell me if a product won’t work in the future — that’s cheap. To be nimble and innovative, part of the key is pushing decision authority as low as possible (but not lower).