Most startups fail. But many of those failures are preventable.Â The Lean Startup is a new approach being adopted across the globe, changing the way companies are built and new products are launched.Â
Eric Ries defines a startup asÂ an organization dedicated to creating something new under conditions of extreme uncertainty. This is just as true for one person in a garage or a group of seasoned professionals in a Fortune 500 boardroom. What they have in common is a mission to penetrate that fog of uncertainty to discover a successful path to a sustainable business.Â
The Lean Startup approach fosters companies that are both more capital efficient and that leverage human creativity more effectively.Â Inspired by lessons from lean manufacturing, it relies on â€œvalidated learning,â€ rapid scientific experimentation, as well as a number of counter-intuitive practices that shorten product development cycles, measure actual progress without resorting to vanity metrics, and learn what customers really want. It enables a company to shift directions with agility, altering plans inch by inch, minute by minute.Â
Rather than wasting time creating elaborate business plans,Â The Lean StartupÂ offers entrepreneurs – in companies of all sizes – a way to test their vision continuously, to adapt and adjust before itâ€™s too late. Ries provides a scientific approach to creating and managing successful startups in a age when companies need to innovate more than ever.
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For people genuinely interested in innovating. Thinking of starting something? This book is a must read. Extremely well written, with thought-provoking well chosen use cases and examples, it will profoundly affect the way you think about taking an enterprise to its full potential. Do not skip this.
“The Lean Startup has a kind of inexorable logic, and Riesâ€™ recommendations come as a bracing slap in the face to would-be tech moguls: Test your ideas before you bet the bank on them. Donâ€™t listen to what focus groups say; watch what your customers do. Start with a modest offering and build on the aspects of it that prove valuable. Expect to get it wrong, and stay flexible (and solvent) enough to try again and again until you get it right. Itâ€™s a message that rings true to grizzled startup vets who got burned in the Great Bubble and to young filmgoers who left The Social Network with visions of young Zuckerberg dancing in their heads. It resonates with Web entrepreneurs blessed with worldwide reach and open source code. Itâ€™s the perfect philosophy for an era of limited resources, when the noun optimism is necessarily preceded by the adjective cautious.” â€”Wired