Corporations have begun to adopt innovation methods and principles they observe in startups (having long forgotten their own entrepreneurial roots). For example, GE’s FastWorks program is modeled upon Eric Ries’s Lean Startup philosophy, aiming to radically transform the way the 122+ year old company introduces new products and services to market. GE deserves credit for its widespread approach to encouraging
Read more
In this week’s blog post, I feature my interview in Mike Docherty’s upcoming book, Collective Disruption: How Corporations & Startups Can Co-Create Transformative New Businesses Ricardo dos Santos, ex-Senior Director of New Business Development at Qualcomm How can you get an entire organization to step up and explore new venture opportunities—and incorporate lean principles along the way? Dos Santos started a
Read more
A ‘Minimum Viable Product’ or MVP is a business tool to reduce the inherent uncertainty with introducing new products in unknown market spaces. It is based on the age-old business practice that one must balance the level of investment with appropriate risk – that as one reduces business risk, one can gradually increase the level of investment. MVP’s reduce, not
Read more
The new management fad is here: Teaching large companies to adopt Lean Startup thinking (Yes, I’m guilty as charged myself). But this is already off to a bad start if it is simply a hammer hitting another nail. The Classic Lean The two previous instantiations of Lean Thinking were certainly the right tool for the job. First applied to manufacturing, ‘classic’
Read more
Who coined the word “Pivot”? “I want to introduce the concept of the pivot, the idea that successful startups change directions but stay grounded in what they’ve learned.” Eric Ries, of course.
Read more
Lean Startups Trivia Who came up with the term Minimum Viable Product? Frank Robinson
Read more
Taking a page from Lean Production (the rigorous scientific-like management practices used by Industrial Engineers since the day of mass production, coupled with a heavy dose of Japanese-management style employee engagement), the Lean Startup movement has taken the entrepreneurship world by storm – finally providing a playbook to make a system out of winning in what has previously seamed like
Read more
Necrophone 