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Why GE’s Jeff Immelt Lost His Job: Disruption and Activist Investors

Harvard Business Review

In his Harvard Business Review article summing up his tenure, Immelt recalls that the two things that influenced him most were Marc Andreessen’s 2011 Wall Street Journal article “ Why Software Is Eating the World ” and Eric Ries’s book The Lean Startup. Increase operating margins to 18% (by cutting expenses).

Ries 8
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How GE Stays Young

Harvard Business Review

Under CEO Jack Welch in the 1980s and 1990s, they adopted operational efficiency approaches (“ Workout ,” “Six Sigma,” and “Lean”) that reinforced their success and that many companies emulated. General Electric Operations' GE is an icon of management best practices. They have branded it “FastWorks.”

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The Most Innovative Companies Don’t Worry About Consensus

Harvard Business Review

Consensus is a powerful tool. Nick readily grasps the value in testing his ideas before asking for any full-scale operation. Again, consensus can be a powerful tool. It’s a powerful tool, but it’s not for every occasion. The problem with consensus is that it’s expensive. But it’s is slow, it’s messy, and it’s expensive.

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Considering a Start-Up? Think Again.

Harvard Business Review

In The Lean Start-Up , Eric Ries talked about vanity metrics — numbers that create the illusion of success, rather than validate actual progress. And as ubiquitous stories of success spread in social media, these illusions become powerful self-delusions. The problem isn't what the message says, but what it doesn't.

Ries 15
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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. To us, there are few better examples at demonstrating the power of the Lean Startup. But like disruption before it, the zeitgeist around lean has in some ways grown apart from the power and purpose of the idea.

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Looking to Join the Lean Start-up Movement?

Harvard Business Review

In my eyes, the work Steve Blank, Eric Ries, and others have done to provide a cogent, accessible frame around the academic concepts of emergent strategy is one of the most important contributions to the innovation movement over the past few years. Sure, he was better at baseball than 99% of the population, but he simply wasn''t world class.

Ries 8
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What the Marketing Agency of the Future Will Do Differently

Harvard Business Review

Mobile, too, is offering ways to connect with consumers who now wield tremendous power in the palm of their hands. Watching an unknown search engine with a cute name become one of the most powerful brands in the world. Eric Ries brought the concept of the Lean Startup into our zeitgeist. Models of leanness.