Successfully reported this slideshow.
Your SlideShare is downloading. ×

Lean Enterprise Singapore Meetup

Ad

Lean Enterprise
Singapore
Adrian Tan @iadriantan
adrian@jfdi.asia

Ad

INTRODUCTION 3
Adrian Tan
Lean Startup Coach, JFDI Asia
Founded 2 startups
Founder Institute/JFDI Alumni
Coached hundreds ...

Ad

WELCOME TO OUR VERY FIRST

Ad

Ad

Ad

Ad

Ad

Ad

Ad

Ad

Ad

Ad

Ad

Ad

Ad

Ad

Ad

Ad

Ad

Ad

Ad

Ad

Ad

Ad

Ad

Ad

Ad

Ad

Ad

Ad

Ad

Ad

Ad

Ad

Ad

Ad

Ad

Ad

Upcoming SlideShare
Sabtia 2018
Sabtia 2018
Loading in …3
×

Check these out next

1 of 39 Ad
1 of 39 Ad

More Related Content

Lean Enterprise Singapore Meetup

  1. 1. Lean Enterprise Singapore Adrian Tan @iadriantan adrian@jfdi.asia
  2. 2. INTRODUCTION 3 Adrian Tan Lean Startup Coach, JFDI Asia Founded 2 startups Founder Institute/JFDI Alumni Coached hundreds of startups across Asia
  3. 3. WELCOME TO OUR VERY FIRST
  4. 4. GETTING TO KNOW YOU
  5. 5. Average lifespan has decreased from 61 years in 1958 to 18 years today BIG COMPANY CHURN
  6. 6. Source: Upfront Ventures COST OF HOSTING
  7. 7. Asean Economic Community (AEC) Combined GDP of US $2.6 trillion (2014) 4th Largest single market after EU, USA and China (projected 2030) 5% Annual Growth (EU 2%) Foreign Revenue by top 1000 companies in ASEAN $149.9 billion in 2011 to $223.9 billion last year (EU 2%) Young population Half below 28.8 years of age China: 40.8 EU: 42.1 27 % of Singapore’s Direct Investment OPPORTUNITIES http://www.straitstimes.com/asia/se-asia/economics-of-asean-community
  8. 8. GDP per Capita of richest member is 76 times larger than the poorest's Population of largest country is 600 times the smallest Uncertainties and Inconsistencies ● Political ● Economic ● Legal Protectionist sentiment in some member countries Equity Limitations http://www.straitstimes.com/asia/se-asia/economics-of-asean-community CHALLENGES
  9. 9. Customer Discovery Customer Validation Customer Creation
 Company Building Startups Agile, Nimble, Fail Fast Corporations Scale, Leverage, Distribution, Can’t Fail
  10. 10. Startups Corporations Minimize Risks Maximize Opportunity
  11. 11. NEW “SCIENCE” OF STARTUPS
  12. 12. 3
  13. 13. 17
  14. 14. 9 IN 10 STARTUPS FAIL 2
  15. 15. 2 UNCERTAINTY
  16. 16. 2 The Waterfall Approach 1)Assumed Customers’ Needs 2) Focus on Debugging 3) Product ships late
  17. 17. Lean Startup 2 BUILD MEASURELEARN 1. Understands potential customer’s needs and challenges 2. Focus on validated learning 3. Minimal Viable Product gets shipped quickly
  18. 18. Lean Startup 2 BUILD MEASURELEARN IDEAS CODE DATA
  19. 19. 23 Source: “The Lean Enterprise”Trevor Owens/Obie Fernandez $40 Billion
  20. 20. 24 THE LEAN ENTERPRISE Incubate Early Acquire Early Invest Early
  21. 21. 25 HOW BIG COMPANIES INNOVATE
  22. 22. Skunkworks R&D ● Lockheed Martin, 3M, Intel, AWS ● Waterfall style- slow to market ● Not conducive to disruptive innovation ● Insufficient for unpredictable market shifts and competition
  23. 23. Intrapreneurship ● Aims to commercialize employee ideas ● Widely publicized to boost employee morale and promote innovation ● Waterfall style- slow to market ● Tend to be driven by existing business units rather than disruptive innovation ● Internal politics may be an issue ● Qualcomm Venture Fest ● Employees didn’t know how to move projects forward
  24. 24. Intrapreneurship ● Aims to commercialize employee ideas ● Widely publicized to boost employee morale and promote innovation ● Waterfall style- slow to market ● Tend to be driven by existing business units rather than disruptive innovation ● Internal politics may be an issue ● Qualcomm Venture Fest ● Employees didn’t know how to move projects forward
  25. 25. Innovation Labs ● “Start-up style” for salaried employees ● Not equipped to scale their successes ● Mercy at the quarterly budgets ● Budgetary and political pressure for promising projects ● Xero PARC
  26. 26. Hackathons ● Events ● Morale-booster ● Short term ● No real products
  27. 27. Innovation Colony ● Corporate accelerators ● Separate locations ● Lean (small) budgets ● Fast to ship ● Market Valuation ● Skin in the game (equity) Source: Lean Enterprise by Trevor Owen
  28. 28. A Start-Up is human institution designed to create a new product or service under conditions of extreme uncertainty -Eric Ries “The Lean Startup”
  29. 29. 33 Discover Validate Accelerate Problem-Solution Fit Product- Market Fit
  30. 30. 34 Discover Validate Accelerate Problem-Solution Fit Product- Market Fit Ideate Problem Discovery
  31. 31. ● What if it FAILS? ● What if it takes too long to make money? ● How am I to account for my employees time? BUT!
  32. 32. Measure Innovation NOT Revenue ● Experiments made ● Assumptions tested ● Customer Development ● Prototypes developed ● Professional Development ● Employee Morale $50k, 3 months 100 customer interviews 5 prototypes Startup Business $10 million 2 years 3 products vs INNOVATION ACCOUNTING
  33. 33. How GE does LEAN
  34. 34. https://www.youtube.com/watch? v=nhmQNW1mkSk&feature=youtu.be&t=12m23s
  35. 35. Q&A 16

×