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Please join StudyMode to read the full document. Lean manufacturing, which has been around for decades, aims to create more value with fewer resources. However, what if a company was efficient at creating a product that was not in demand? Proposed by Eric Ries in , this model is a combination of hypothesis-driven experimentation, iterative products and validated learning. This business model encourages startups to quickly discover whether their business idea or product is viable by talking to potential customers in the early stages of product development. It makes a switch from traditional waterfall approach of having a big design up front to an iterative agile techniques.
The Lean Startup by Eric Ries – A Detailed Chapter Summary
In: Business and Management. Steering is what must it different from other ways to get places. Employee satisfaction is considerably lower in more established businesses. According to a global Gallup survey, unhappy employees outnumber happy employees on a scale of two to one. Whether you are a startup entrepreneur or corporate entrepreneur, there are important lessons here for you on your quest toward the new and unknown.
In: Business and Management. Attitude determines outcome. Investors will be more likely to invest.