The document discusses how the Lean Startup methodology can change everything about how new products, services and enterprises are developed. It explains key aspects of the Lean Startup approach including building minimum viable products to test assumptions, launching early, and failing fast. The document argues that applying Lean Startup principles can improve success rates of startups from 20-30% to 60-70%. It also discusses implications for social enterprises and business schools, predicting that more schools will transform into "Social Business Schools" that teach Lean Startup and support students in creating social businesses.
The myth goes that the more perseverance, brilliance, good timing and a good product, the higher the chance for success. I will show you why exactly the opposite is true: Survival and, even more so, success are highly correlated with the successful application of the “Build-Measure-Learn Feedback Loop”. The fact that this lean framework can be learned and taught is the final kill of the myth. I will give examples of how you can deliver more business value earlier and with less risks by testing everything as soon as possible using a so-called Minimum Viable Product.
The Agile Company Series
January 23, 2014, Afternoon and Early Evening
This is a free event. For registration:
http://saat-network.ch/2013/12/agile-company-lean-startup-changes-everything/
Current globalisation, disruption and de-regulation forces are shredding jobs in most economies. It is believed that growth in the 21st century will have to come from new ventures. The Lean Startup helps entrepreneurs, both in startups and established companies, to create new businesses faster and with less waste. That could have a profound economic impact.
The myth goes that the more perseverance, brilliance, good timing and a good product, the higher the chance for success. I will show you why exactly the opposite is true: Survival and, even more so, success are highly correlated with the successful application of the “Build-Measure-Learn Feedback Loop”. The fact that this lean framework can be learned and taught is the final kill of the myth. I will give examples of how you can deliver more business value earlier and with less risks by testing everything as soon as possible using a so-called Minimum Viable Product.
The Agile Company Series
January 23, 2014, Afternoon and Early Evening
This is a free event. For registration:
http://saat-network.ch/2013/12/agile-company-lean-startup-changes-everything/
Current globalisation, disruption and de-regulation forces are shredding jobs in most economies. It is believed that growth in the 21st century will have to come from new ventures. The Lean Startup helps entrepreneurs, both in startups and established companies, to create new businesses faster and with less waste. That could have a profound economic impact.
HBR's 10 must reads on innovation. The negative effects of 6 fallacies abour product development are explained, and practical suggestions to overcome them will help companies to avoid the mistakes and keep projects on track.
Lean Startup & Corporate Innovation Strategies - April 2015Kevin Shutta
Intro to Lean Startup and insight into the barriers and strategies for corporate innovation. Corporate Innovation inspired by Trevor Owens, CEO of Lean Startup Machine.
Running lean start-up projects with Drupal, cloud and agilemarcin_pajdzik
Lean project management is about us avoiding waste. This session will demonstrate how technologies such as Drupal and cloud computing as same as agile methodologies such as Kanban or Scrum can help with running lean projects or starting lean companies.
50 Common Mistakes Corporate Innovation Teams Should AvoidFrances Goh
When it comes to corporate innovation - each organisation is different and there is no silver bullet - but still, we can stand on the shoulders of giants and learn not to make these mistakes which can, with a little TLC, be easily avoided in order to not only cut the cost of making these mistakes, but increase our chances of success in delivering new commercially successful innovations to market.
The Innovation Engine, Andrew Breen, American ExpressLean Startup Co.
Large, established organizations fear disruption from big tech and startups. In trying to thwart that they have resorted to several approaches to innovation to scale such as labs, acquisitions and spin-outs. Most have not succeed often due to the impediments that corporate culture and organizational design bring. The Innovation Engine is a framework developed by Andrew Breen which addresses these issues. Andrew has built this not only from his experience building eight tech startups but also in his current role building a Lean startup at American Express.
Department Store Innovation Labs: A Deep DiveThoughtworks
This research analyzes the innovation labs of 7 popular department stores in North America, as well as the lab from Westfield Labs. The goal is to learn and identify strategies that build a successful lab venture.
Launching a Viable Innovation Lab–A panel proposal for SXSW 2016Zachary Paradis
It seems like every corporation or agency of note has recently invested in an “innovation lab”. While many tech-inspired companies like Edison’s General Electric have had R&D facilities for a century or more, this latest incarnation is different. While still leveraging technology, today’s labs are often more focused on experience and business models than material science or raw capability development. This shift has made them appeal to a wider range of companies including retail, healthcare and financial services. This panel brings together leaders shaping and working in innovation labs within major companies and agencies to discuss their intent, best practices, and potential futures.
"Lunch 'n Learn" Deck on "The Lean Startup"Paul Tongyoo
Led a discussion w/ fellow FOX Digital Consumer Group Product Managers on Lean Startup and its applicability to our work. I believe we're a startup! :muscle:
The Innovator´s Dilemma of Innovation Labs and Corporate AcceleratorsManuel Funk
- Understanding the Innovator´s Dilemma of Innovation Labs and Corporate Accelerators
- Research and scientific analysis of Corporate Innovation Centers
- Triple Transformation, a strategic framework for corporations to manage disruptive technologies
The Next Wave of Business Models in Emerging AsiaWei Li
Fierce local and international competition is forcing Asian companies to increasingly embrace business model innovation. With many interesting case studies, this research article from Innosight explains how the businesses in Asia is evolving and what are the implications for companies from developed countries.
Aubrey Smith, Sparked Advisory
In this training, we will build on the foundation established in Lean Startup 101 and 201 by delving into examples and cases of the Lean Startup concepts in action. Attendees of Lean Startup 301 will be exposed to cutting edge work from thought leaders and experts using Lean Startup in practice today — at startups and within the enterprise. Participation in this session is essential: You will be asked to help design an MVP and experiment to test critical Leap of Faith Assumption(s) in groups and will be encourage to share experiences. The session is designed to allow attendees to stretch their skills and to push one-another to ‘learn by doing’. The session will also include:
Sample cases and live interviews with practitioners highlighting the application of core concepts;
Exercises designed to bring the concepts to life and challenge participants to deepen their skills;
Discussion of advanced topics such organizational culture and governance as well as industry-specific concepts such as using Lean Startup in heavily regulated markets.
Thanks to Lean Startup Co.’s law firm, Orrick, for being the sponsor for this track.
In this slide deck we show the basic overview of our methodology "Innovation Lab Canvas" which has been developed by mantro to design and evaluate innovation initiatives in corporates like Labs, Digital Hubs, Accelerator Programs, Incubator Programs, etc.
The method and the canvas are published under the Commons License and are to be reused by the world.
Some years ago, Eric Ries, Steve Blank and others initiated The Lean Startup movement. The Lean Startup is a movement, an inspiration, a set of principles and practices that any entrepreneur initiating a startup would be well advised to follow.
Projecting myself into it, I think that if I had read Ries' book before, or even better Blank's book, I would maybe own my own company today, around AirXCell or another product, instead of being disgusted and honestly not considering it for the near future.
In addition to giving a pretty important set of principles when it comes to creating and running a startup, The Lean Startup also implies an extended set of Engineering practices, especially software engineering practices.
With Its innovation culture and entrepreneurial atmosphere, Intuit has earned a spot on Fortune’s “best companies to work for”. The story is about how design drove its turnaround when the company was facing its toughest challenge in 2007. HBR’s 10 must reads on innovation.
Digital media the game changer for young entrepreneur & young technocrats o...Shakir Ali
Digital Media - The Game Changer for Young Entrepreneur & Young Technocrats of BIT (Birla Institute of Technology) Mesra by eMerchant Digital - MD- Shakir Ali www.emerchantdigital.com
HBR's 10 must reads on innovation. The negative effects of 6 fallacies abour product development are explained, and practical suggestions to overcome them will help companies to avoid the mistakes and keep projects on track.
Lean Startup & Corporate Innovation Strategies - April 2015Kevin Shutta
Intro to Lean Startup and insight into the barriers and strategies for corporate innovation. Corporate Innovation inspired by Trevor Owens, CEO of Lean Startup Machine.
Running lean start-up projects with Drupal, cloud and agilemarcin_pajdzik
Lean project management is about us avoiding waste. This session will demonstrate how technologies such as Drupal and cloud computing as same as agile methodologies such as Kanban or Scrum can help with running lean projects or starting lean companies.
50 Common Mistakes Corporate Innovation Teams Should AvoidFrances Goh
When it comes to corporate innovation - each organisation is different and there is no silver bullet - but still, we can stand on the shoulders of giants and learn not to make these mistakes which can, with a little TLC, be easily avoided in order to not only cut the cost of making these mistakes, but increase our chances of success in delivering new commercially successful innovations to market.
The Innovation Engine, Andrew Breen, American ExpressLean Startup Co.
Large, established organizations fear disruption from big tech and startups. In trying to thwart that they have resorted to several approaches to innovation to scale such as labs, acquisitions and spin-outs. Most have not succeed often due to the impediments that corporate culture and organizational design bring. The Innovation Engine is a framework developed by Andrew Breen which addresses these issues. Andrew has built this not only from his experience building eight tech startups but also in his current role building a Lean startup at American Express.
Department Store Innovation Labs: A Deep DiveThoughtworks
This research analyzes the innovation labs of 7 popular department stores in North America, as well as the lab from Westfield Labs. The goal is to learn and identify strategies that build a successful lab venture.
Launching a Viable Innovation Lab–A panel proposal for SXSW 2016Zachary Paradis
It seems like every corporation or agency of note has recently invested in an “innovation lab”. While many tech-inspired companies like Edison’s General Electric have had R&D facilities for a century or more, this latest incarnation is different. While still leveraging technology, today’s labs are often more focused on experience and business models than material science or raw capability development. This shift has made them appeal to a wider range of companies including retail, healthcare and financial services. This panel brings together leaders shaping and working in innovation labs within major companies and agencies to discuss their intent, best practices, and potential futures.
"Lunch 'n Learn" Deck on "The Lean Startup"Paul Tongyoo
Led a discussion w/ fellow FOX Digital Consumer Group Product Managers on Lean Startup and its applicability to our work. I believe we're a startup! :muscle:
The Innovator´s Dilemma of Innovation Labs and Corporate AcceleratorsManuel Funk
- Understanding the Innovator´s Dilemma of Innovation Labs and Corporate Accelerators
- Research and scientific analysis of Corporate Innovation Centers
- Triple Transformation, a strategic framework for corporations to manage disruptive technologies
The Next Wave of Business Models in Emerging AsiaWei Li
Fierce local and international competition is forcing Asian companies to increasingly embrace business model innovation. With many interesting case studies, this research article from Innosight explains how the businesses in Asia is evolving and what are the implications for companies from developed countries.
Aubrey Smith, Sparked Advisory
In this training, we will build on the foundation established in Lean Startup 101 and 201 by delving into examples and cases of the Lean Startup concepts in action. Attendees of Lean Startup 301 will be exposed to cutting edge work from thought leaders and experts using Lean Startup in practice today — at startups and within the enterprise. Participation in this session is essential: You will be asked to help design an MVP and experiment to test critical Leap of Faith Assumption(s) in groups and will be encourage to share experiences. The session is designed to allow attendees to stretch their skills and to push one-another to ‘learn by doing’. The session will also include:
Sample cases and live interviews with practitioners highlighting the application of core concepts;
Exercises designed to bring the concepts to life and challenge participants to deepen their skills;
Discussion of advanced topics such organizational culture and governance as well as industry-specific concepts such as using Lean Startup in heavily regulated markets.
Thanks to Lean Startup Co.’s law firm, Orrick, for being the sponsor for this track.
In this slide deck we show the basic overview of our methodology "Innovation Lab Canvas" which has been developed by mantro to design and evaluate innovation initiatives in corporates like Labs, Digital Hubs, Accelerator Programs, Incubator Programs, etc.
The method and the canvas are published under the Commons License and are to be reused by the world.
Some years ago, Eric Ries, Steve Blank and others initiated The Lean Startup movement. The Lean Startup is a movement, an inspiration, a set of principles and practices that any entrepreneur initiating a startup would be well advised to follow.
Projecting myself into it, I think that if I had read Ries' book before, or even better Blank's book, I would maybe own my own company today, around AirXCell or another product, instead of being disgusted and honestly not considering it for the near future.
In addition to giving a pretty important set of principles when it comes to creating and running a startup, The Lean Startup also implies an extended set of Engineering practices, especially software engineering practices.
With Its innovation culture and entrepreneurial atmosphere, Intuit has earned a spot on Fortune’s “best companies to work for”. The story is about how design drove its turnaround when the company was facing its toughest challenge in 2007. HBR’s 10 must reads on innovation.
Digital media the game changer for young entrepreneur & young technocrats o...Shakir Ali
Digital Media - The Game Changer for Young Entrepreneur & Young Technocrats of BIT (Birla Institute of Technology) Mesra by eMerchant Digital - MD- Shakir Ali www.emerchantdigital.com
Does your organization lack an innovation culture? Do you go along with the statement "we can be efficient, true, but not innovative”? Than embark on our "Innovation Learning Journey" and experience both, the spirit of the tech mecca - the Silicon Valley, and the growing startup scene in Berlin. Follow the path of innovation gurus like Elon Musk and Jeff Bezos, and find your own answer on: "How can I boost my corporate innovation capabilities?"
Receive priceless insights and reflect your learnings in intensive on-site workshops. The program and approach is specifically tailored to your needs and based on our profound innovation and technology expertise of Detecon, and the Detecon Innovation Institute (DII), which is based in San Francisco, the vibrant heart of Silicon Valley’s startup scene. Feel inspired? Than directly contact me: marc.wagner@detecon.com
Growing your business is not that easy and it takes a lot of planning. You need to come up with a plan or a strategy that will help you grow your business. And if you don't do this, it will be very difficult for you to grow your business. https://bit.ly/3K7h5mZ
On Wednesday the 21st of January the ADB DutchCham Singapore organized an event together with the LatinAmcham, Czech Chamber of Commerce, German Association and British Association where I got to share my knowledge on getting started and building your own business, in this case specifically a startup.
I have credited sources and put in applicable websites. My verbal presentation can be found on The Startup Buddy YouTube channel.
Innovating how we Innovate - How can We help Adelaide become an Innovation Hub?Rick Carter
With one in 2000 startups becoming a a successful High Growth Business there needs to be a change in the way we Innovate . In Adelade there is a great innovation Eco System but what we need is a getter approach to Innovation .....using the models and methodology developed by Harold Sharples and backed by a Digital Marketing System developed by Kwai Yu
The presentation has been created for StartupbootcampIstanbul participants aiming to briefly summarise and compare today's most famous business model design patterns.
On a recent project engagement, Market Gravity facilitated a global study tour of 30 incubators, accelerators, startup gurus…whatever you want to call them.
There are many different models and approaches to working with startups from having dedicated resources scanning the market for startups, the studio model of finding interesting problems then hiring entrepreneurs to solve them, building your own incubator program / curriculum, partnering with another commercial provider, running open innovation challenges etc.
They won’t all be right for your business objectives but we’ve pulled out some of our favorite examples from the likes of Barclays, MasterCard, Target, Wells Fargo and more for you to consider. What does your business really want to achieve from working closer with disruptive startups?
14 ways your organization can work with startups.
Dr Beem Beeka Lean Start up entrepreneurshipDrGeorge3
Lean startup is a methodology for developing businesses and products that aims to shorten product development cycles and rapidly discover if a proposed business model is viable; this is achieved by adopting a combination of business- hypothesis -driven experimentation, iterative product releases, and validated learning.
A valuable process demonstrating opportunity identification and development (Dr Beeka)
Explore Sarasota Collection's exquisite and long-lasting dining table sets and chairs in Sarasota. Elevate your dining experience with our high-quality collection!
Best Crypto Marketing Ideas to Lead Your Project to SuccessIntelisync
In this comprehensive slideshow presentation, we delve into the intricacies of crypto marketing, offering invaluable insights and strategies to propel your project to success in the dynamic cryptocurrency landscape. From understanding market trends to building a robust brand identity, engaging with influencers, and analyzing performance metrics, we cover all aspects essential for effective marketing in the crypto space.
Also Intelisync, our cutting-edge service designed to streamline and optimize your marketing efforts, leveraging data-driven insights and innovative strategies to drive growth and visibility for your project.
With a data-driven approach, transparent communication, and a commitment to excellence, InteliSync is your trusted partner for driving meaningful impact in the fast-paced world of Web3. Contact us today to learn more and embark on a journey to crypto marketing mastery!
Ready to elevate your Web3 project to new heights? Contact InteliSync now and unleash the full potential of your crypto venture!
What You're Going to Learn
- How These 4 Leaks Force You To Work Longer And Harder in order to grow your income… improve just one of these and the impact could be life changing.
- How to SHUT DOWN the revolving door of Income Stagnation… you know, where new sales come into your magazine while at the same time existing sponsors exit.
- How to transform your magazine business by fixing the 4 “DON’Ts”...
#1 LEADS Don’t Book
#2 PROSPECTS Don’t Show
#3 PROSPECTS Don’t Buy
#4 CLIENTS Don’t Stay
- How to identify which leak to fix first so you get the biggest bang for your income.
- Get actionable strategies you can use right away to improve your bookings, sales and retention.
Why the lean startup changes everything even for business schools and social enterprises
1. Why the Lean Startup
Changes Everything –
even for Business Schools and Social Enterprises
Presented by
K K Tse
Founder and Chief Education Officer
Education for Good CIC Ltd.
at the
Baptist University
School of Business Postgraduate Programs Welcome Banquet cum
Conferment of Honorary Professorship
September 18, 2014
2. An intriguing article in
Harvard Business Review
May, 2013
“Why the Lean Startup
Changes Everything?”
By Steve Blank
Stanford University
Free download:
http://steveblank.com/2013/05/06/free-reprints-of-why-the-lean-startup-changes-
3. You might ask…
What is the ‘everything’
being changed?
Why does it matter that
‘everything is changed’?
How is it possible that the
Lean Startup could change
everything?
What is Lean Startup
anyway?
4. What is the ‘everything’
being changed?
Startups of various sorts.
New product/service/enterprise
development in any organization
large or small, for-profits, non-profits,
social enterprises, public
sector organizations, etc.
5. Why does it matter
that ‘everything is changed’?
“The Lean Startup could do more to boost
global economic growth than any
management books written in years.”
Tom Eisenmann, Harvard Business School
“The ideas in The Lean Startup will help
create the next industrial revolution.”
Steve Blank, Stanford University
6. How is it possible that Lean Startup
could change everything?
It is a new methodology that
could be taught and mastered
so that ordinary
people would have a much
greater chance in successful
startup.
Insights from Patrick
Cheung’s 黑暗中對話
7. What is Lean Startup anyway?
The global Lean Startup movement
is about three years old.
It started with the publication of the book
Lean Startup by Eric Ries in 2011.
8. A book with
a mission:
To improve
the chances
of success
for startups
worldwide
10. Eric Ries
Entrepreneur-turned writer and consultant
Co-founder and CTO of IMVU
Blogger of the widely read
Startup Lessons Learned
Thought leader of the global Lean Startup
movement
Entrepreneur-in-residence at Harvard Business
School
11. Eric’s definition of ‘startup’
A startup is a human institution
designed to create a new product
or service under conditions of
extreme uncertainty.
12. Two other influential books
The Startup Owners Manual
by Steve Blank and Bob Dorf,
2012
Running Lean
by Ash Maurya,
2012
14. Zappos is the world’s largest
online shoe store.
When it first started, founder
Nick Swinmurn envisioned a
new and superior retail
experience for
customers buying shoes.
15. The Zappos startup approach
He DID NOT start with state-of-the-art
website, payment and delivery systems,
warehouses, logistics support,
distribution partners, etc.
Instead, he started by running an
experiment to test the hypothesis that
customers were ready and willing to buy
shoes online.
16. He asked local shoe stores
to allow him to take
pictures of their inventory
and undertook to buy the
shoes at full price if a
customer brought them
online.
Only when this had
proven the demand
did he go on to build
the other parts of the
business model.
17.
18. Dialogue in the Dark HK
Dialogue in the Dark is a social
franchise headquartered in Germany
It had taken root in 22 cities before
coming to Hong Kong
19. The core products are centered around
dialogue experience in the dark,
including an Experiential Exhibition
which costs millions of dollars to build
20. A lean startup approach
Founders K K Tse
and Patrick Cheung
each put in
HK$50,000 to
organize a series of
fee-charging
‘Dialogue in the
Dark’ Executive
Workshops
21. It generated close to HK$1 million of
revenue in the first 12 months before
raising HK$5.6 million of capital from
20 shareholders to rent a 10,000 sq.ft
space and spent close to HK$4 million
to build the Exhibition Hall
22. IDEAS
Build
Measure
Validated
learning
Learn
PRODUCT
DATA
MVP
Test
assumptions
Innovation
accounting
Lean startup approach
in a nutshell
Leap-of-faith
assumptions
38. 10. Build a lean startup team,
not just any team
The whole team must master the lean
startup methodology
39. IDEAS
Build
Measure
Validated
learning
Learn
PRODUCT
DATA
MVP
Test
assumptions
Innovation
accounting
Minimize TOTAL time
through the
loop
Leap-of-faith
assumptions
40. The bottom line for using
lean startup approach
From
failure rate
of 80-90%
to
success rate
of 60-70%
41. What are the implications
for Social Enterprises and
Business Schools?
48. “It's time to turn
capitalism upside
down - to shift our
values from an
exclusive focus on
profit to also
caring for people,
communities and
the planet.”
50. My prediction
Within the next ten years,
there will be more and more
Business Schools in different
parts of the world
transforming themselves into
Social Business
Schools.
51. Social Business Schools
Educating students to create
social businesses which are
profit-making
and
solving social and
environmental problems
at the same time.
52. Dual challenges for
Business Schools
Enable the students to master
the lean startup methodology
Inspire the students to create
social businesses that change
the world for the better
53. Social Business is
fundamentally different from
Corporate Social
Responsibility (CSR)
54. Typically, CSR budget is less than
0.01% of corporate turnover
A social business is 100% turnover
directed at solving social or
environmental problems
55. A good example is
B Corporation –
a US-based
movement to inspire and
support mainstream business
to become social business
57. They are the SAME
Both attempt to solve social
and environmental problems
58. They are DIFFERENT
in profit distribution practice
Social enterprise: 0% to 35% of profit
allowed to be distributed to
shareholders
Social business: no limits,
could be 100%, such as most
B Corps
59. Summing up…
A Social Business School
inspires, educates, and
supports its students and
graduates to create
social business and social
enterprise
60. Will the
Baptist University
School of Business
be the
first Social
Business School in Hong
Kong and Asia?