Summary of The Lean Startup: by Eric Ries | Includes Analysis
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Summary of The Lean Startup - . IRB Media
Overview
The Lean Startup offers a set of tools and methodologies for entrepreneurs both in startups and established corporations to better achieve success. Since the vast majority of startups fail, understanding how to build a better company saves society’s most precious commodities: ideas, time, and the skills of its people. The lean startup movement sets out to prevent future failures.
The concept of the lean startup is drawn from the Japanese concept of lean manufacturing that was pioneered and perfected by Toyota. While not all startups operate in the world of manufacturing, many of the key principles can be applied to entrepreneurship.
Entrepreneurship is simply a type of management. Contrary to popular belief, startups need management just as much as the traditional companies they often are built to disrupt. The effective, entrepreneurial lean startup manager becomes successful by cultivating a workplace climate in which employees can learn, explore, and experiment.
The lean startup movement transcends the startup world. Traditional corporations can—and have—employed its tenets to innovate and remain relevant. The business world has been so disrupted at this point that no company is safe from needing to remain ready to change and grow at any