3. Underlying concepts on known management theories
Lean production Customer development Design Thinking
• Customer focus;
• Efficient use of
resources;
• Just in time;
• small batches
• Stop the machine when
something goes wrong
• Market before
product/service
• Continuous
feedback loop
• Iterative process
• 360 view
• Empathize before
designing
• Prototyping (iterative
process)
• Transparency
• Agile management/dev.tools • Data driven management • Innovation accounting
4. LS is the scientific approach applied to
startups
◦ Scientific approach – 3 steps:
1. Start with a hypothesis
2. Design an experiment to validate hypothesis
3. Gather data from your experiment
Validate or invalidate hypothesis when comparing data
to a standard
Definition of a startup (according to Eric Ries)
A startup is a human institution designed to deliver a
new product or service under conditions of extreme
uncertainty
6. The minimum viable product is the output of
your experiment design which allows you to
collect the maximum amount of learnings
with the least effort.
7. Don’t forget what you have already learned
USE TECHNOLOGY!!!
◦ Yes, there is an app for it!
8. Ensure you are not wasting your time/resources
Helps to develop your network
Get financing/business partners more easily
Develop an innovation culture for your
organisation
Keep the entrepreneurial instinct alive over
time
9. LS forces you to go talk to your stakeholders
(customers, suppliers, community partners,
distributors, etc.) regularly
◦ They will let you know that your mission (intrinsic
motivation) is important to them
◦ Their feedback will nourish your internal motivation
LS eventually creates habits...habits require less
motivation
You will get your first customers faster...Nothing like
a deadline to motivate you!
10. Start small and ask for help if needed
Learn how to learn from your mistakes
Use data to assist in your decision making as
often as you can
Join the Lean Startup Circle community
11.
12. Lean Startup book – Eric Ries
The Startup Way – Eric Ries
All books in the Lean series (O’Reilly editor)
The web has everything you need
◦ Official website: http://theleanstartup.com/
◦ Official Youtube channel: Leanstartupconf
◦ Ash Maurya’s website: http://leanstack.com/
◦ Slideshare: MTLLeanStartup
◦ Montreal LS Circle Slack channel:
https://leancircle.slack.com/messages/montreal/
Demandez accès au canal Slack en écrivant à rbaker@baker-marketing.com
Ask your Slack channel access by writing to rbaker@baker-marketing.com
◦ …and thousands more references