Lean Startup
27
-
date post
15-Sep-2014 -
Category
Business
-
view
14 -
download
1
description
Lean Startup
Transcript of Lean Startup
Disclaimer
These are my personal opinions on the subject and in no way represent that of my employer.
Facts
9/10 New Products Fail !! Source - http://business-powerpack.com/why-9-out-of-10-new-products-fail
75% of all Startups Fail !! Source- HBR Review – Why the Lean Start-up changes Everything – May 2013
In a Startup, the chance of anything good is always under 50% !! Source- http://www.slideshare.net/startuplessonslearned
64 % of Software is unused !
Product Development to Customer Development
2003
Associate Professor at Stanford University
Has participated in 8 high tech Startup as either a cofounder or an early employee
HBR Review – Why the Lean Start-up changes Everything – May 2013
Business Model Generation
2010
Business Model Canvas - Alex Osterwalder
Standard Framework for Business Model Canvas in BGM
http://www.businessmodelgeneration.com/canvas
Business Model Canvas
HBR Review – Why the Lean Start-up changes Everything – May 2013
Business Model Canvas
http://www.youtube.com/watch?v=QoAOzMTLP5s
Lean Startup
2011
Customer Development
Agile Software
Lean (Toyota Production System)
Five principles of Lean Startup
Problem & Solution
The Startup Owner's Manual
“There Are No Facts Inside Your Building, So Get Outside.” – Steve Blank
StartUp
StartUp
= Experiment
Searching for a Profitable, Scalable and Reliable Business Model
A startup is a human institution designed to deliver a new product or service under conditions of extreme uncertainty“.
by Eric Ries from the book ”The Lean Startup”
Nothing to do with size of company, sector of the economy, or industry
Lean Startup Principle
Entrepreneurs are everywhere
Entrepreneurship is management
Validate Learning
Build-Measure-Lean
Innovation Accounting
Minimum Viable Product
Minimum Viable Product
http://paulkortman.com/2012/11/21/the-problem-with-a-lean-startup-the-minimum-viable-product/
Minimum Viable Product
https://www.youtube.com/watch?v=78ajiBtkuQs
Pivot
Pivot
Pivot Case Study
https://www.youtube.com/watch?v=kddld-SS7lw
The Customer Development Manifesto
http://steveblank.com/2012/03/29/nail-the-customer-development-manifesto/
Key Takeaways
STOP
WASTING
PEOPLE’S
TIME
Achieving Failure
If we are building something nobody wants, what does it matter if we accomplish it :
On time ?
On budget ?
With high quality ?
With beautiful design ?
Achieving Failure = successfully executing a bad plan
Key Takeaways
Presentation Title
Presentation Title
“Building something nobody wants is the ultimate form of waste.” – Eric Ries
Thank you !!
Manik Choudhary [email protected] LinkedIn - http://www.linkedin.com/pub/manik-choudhary-pmi-acp-cspo-psm/1/54/529 Slide Share - http://www.slideshare.net/ManikChoudharyPMIACP Twitter – #manikchoudhary9
References
http://thebln.com/2011/09/eric-ries-the-lean-startup-the-most-innovative-book-launch-ever-video-transcript-of-erics-talk-the-science-of-lean-startups-at-business-of-software-2010/
http://steveblank.com
http://theleanstartup.com/
http://www.businessmodelgeneration.com/
