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Lean Startups

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Last week, I was invited to deliver a keynote at Intel/McAfee's Lean and Agile conference. It was interesting to discuss Lean Startup ideas with Intel folks and try and understand how some of these ideas relate to a chipmaker company.

Published in: Business

Lean Startups

  1. 1. Lean Startups Tathagat Varma VP, Strategic Process Innovation [24]7 Innovation Labs
  2. 2. What is wrong here? Picture: hCp://www.news.com.au/travel/holiday-­‐‑ideas/inside-­‐‑china8217s-­‐‑ghost-­‐‑cities/story-­‐‑e6frfqd9-­‐‑1226716277487
  3. 3. “Build and they will come” is not a strategy, it’s a prayer. – Steve Blank
  4. 4. 90% Tech Startups FAIL…!!!
  5. 5. 2/3rd who succeed, drastically change their plans along the way!
  6. 6. Who are they?
  7. 7. Remember…
  8. 8. hCp://www.capgemini.com/blog/capping-­‐‑it-­‐‑off/2011/06/paving-­‐‑the-­‐‑path-­‐‑of-­‐‑scrum-­‐‑adoption-­‐‑2-­‐‑product-­‐‑people
  9. 9. hCp://steveblank.files.wordpress.com/2010/11/two-­‐‑assumptions.jpg
  10. 10. Problem with traditional product development model “In large companies, the mistakes just have additional zeroes in them” – Steve Blank From: Running Lean – Ash Maurya, The Startup Owners Manual – Steve Blank
  11. 11. A human institution designed to create a new product or service under conditions of extreme uncertainty. – Eric Ries
  12. 12. Traditional Approaches?
  13. 13. What’s Lean Startup? • Scientific approach to o build new product development o create and manage startups o get products to customers faster • The Lean Startup methodology has as a premise that every startup is a grand experiment that aCempts to answer a question. The question is not "ʺCan this product be built?"ʺ Instead, the questions are "ʺShould this product be built?"ʺ and "ʺCan we build a sustainable business around this set of products and services?"ʺ
  14. 14. Principles of Lean Startup 1. Entrepreneurs are everywhere 2. Entrepreneurship is management 3. Validated Learning 4. Innovation Accounting 5. Build-­‐‑Measure-­‐‑Learn
  15. 15. Real-­‐‑life Example?
  16. 16. hCp://newentrepreneurship.nl/business-­‐‑model-­‐‑canvas/
  17. 17. hCp://torgronsund.com/wordpress/wp-­‐‑content/uploads/2011/04/Slide1.jpg
  18. 18. GET OUT OF THE BUILDING…
  19. 19. So, what is your product? From: Running Lean – Ash Maurya
  20. 20. Running Lean
  21. 21. What’s wrong?
  22. 22. hCp://headrush.typepad.com/creating_passionate_users/2005/06/ featuritis_vs_t.html
  23. 23. hCp://startitup.co/guides/376/mvp-­‐‑minimum-­‐‑viable-­‐‑product
  24. 24. Build-­‐‑Measure-­‐‑Learn Loop
  25. 25. Pivot Pivot: A change in STRATEGY without a change in VISION.
  26. 26. Isn’t that good old agile?
  27. 27. Hmm…but, it might not work at <my large company>!
  28. 28. Companies following Lean Startup… …
  29. 29. References • www.steveblank.com • hCp://theleanstartup.com/principles • hCp://blog.startupcompass.co/ • hCp://blogs.wsj.com/accelerators/2013/06/24/steve-­‐‑blank-­‐‑ the-­‐‑6-­‐‑types-­‐‑of-­‐‑startups-­‐‑2/ • Running Lean – Ash Maurya • The Startup Owners Manual – Steve Blank • Four Steps to Ephphany – Steve Blank • The Lean Startup – Eric Ries • hCp://www.nextbigwhat.com/groupon-­‐‑story-­‐‑297/ • hCp://blogs.hbr.org/2014/04/how-­‐‑ge-­‐‑applies-­‐‑lean-­‐‑startup-­‐‑ practices/ • hCp://www.businessweek.com/articles/2014-­‐‑08-­‐‑07/ge-­‐‑taps-­‐‑ lean-­‐‑startup-­‐‑ideas-­‐‑for-­‐‑faster-­‐‑cheaper-­‐‑product-­‐‑rollout

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