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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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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. This is where you build your team, your extended team, your advisory board, your board, designers, developers, your partner network and your influence network and more. 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. One area that deserves particular attention is the notion of the minimal viable product (MVP). Sometimes, though, a Minimal Viable Product turns into a Mediocre Value Proposition.

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Why Your Social Media Metrics Are a Waste of Time

Harvard Business Review

They're what Eric Ries, author of The Lean Startup , calls "vanity metrics.". A better metric is how many products you sell as a result of tweeting a link to your purchase path. That's what Ries calls an "engine of growth.". Seek out what Ries refers to as "actionable metrics."

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How GE Applies Lean Startup Practices

Harvard Business Review

As the world becomes more digitized, generating more information surrounding products and services and speeding up processes, large and small companies in every industry, even manufacturing, are starting to compete more like the software industry, with short product lifecycles and rapid decision-making. There will be a very small team.

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The Biggest Lie in Corporate America Is Phase 2

Harvard Business Review

Few members of the team are harder hit by this reality than the user experience and design staff. Their holistic visions of product and service experiences are put aside in favor of significantly thinner software. The team defines, designs, develops, tests, finds a bunch of things wrong, and ships the product anyway.

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How Big Companies Should Innovate

Harvard Business Review

If Gerber's failed adult food business had been born outside of its existing organization, would the managers have distributed a product that looked like Gerber baby food? But one thing is certain: faced at the onset with internal pressure to drive cost out of production, it was far less likely that Gerber could truly innovate.