Most startups fail. But many of those failures are preventable. The Lean Startup is a new approach being adopted across the globe, changing the way companies are built and new products are launched.
Eric
Ries defines a startup as an organization dedicated to creating
something new under conditions of extreme uncertainty. This is just as
true for one person in a garage or a group of seasoned professionals in a
Fortune 500 boardroom. What they have in common is a mission to
penetrate that fog of uncertainty to discover a successful path to a
sustainable business.
The Lean Startup
approach fosters companies that are both more capital efficient and
that leverage human creativity more effectively. Inspired by lessons
from lean manufacturing, it relies on “validated learning”, rapid
scientific experimentation, as well as a number of counter-intuitive
practices that shorten product-development cycles, measure actual
progress without resorting to vanity metrics, and learn what customers
really want. It enables a company to shift directions with agility,
altering plans inch by inch, minute by minute.
Rather than wasting time creating elaborate business plans, The Lean Startup
offers entrepreneurs - in companies of all sizes - a way to test their
vision continuously, to adapt and adjust before it’s too late. Ries
provides a scientific approach to creating and managing successful
startups in a age when companies need to innovate more than ever.