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Lean Startup

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Information about Lean Startup
Business & Mgmt

Published on March 2, 2014

Author: ManikChoudharyPMIACP

Source: slideshare.net

Description

Lean Startup
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THE LEAN STARTUP Manik Choudhary, PMI-ACP, CSP, CSPO, PSM-1 manikchoudhary99@gmail.com

Disclaimer  These are my personal opinions on the subject and in no way represent that of my employer.

Facts 9/10 New Products Fail !! Source - http://business-powerpack.com/why-9-out-of-10-new-products-fail 75% of all Startups Fail !! Source- HBR Review – Why the Lean Start-up changes Everything – May 2013 In a Startup, the chance of anything good is always under 50% !! Source- http://www.slideshare.net/startuplessonslearned

64 % of Software is unused !

Product Development to Customer Development  Associate Professor at Stanford University  Has participated in 8 high tech Startup as either a cofounder or an early employee 2003 HBR Review – Why the Lean Start-up changes Everything – May 2013

Business Model Generation Standard Framework for Business Model Canvas in BGM 2010 Business Model Canvas - Alex Osterwalder http://www.businessmodelgeneration.com/canvas

Business Model Canvas HBR Review – Why the Lean Start-up changes Everything – May 2013

Business Model Canvas http://www.youtube.com/watch?v=QoAOzMTLP5s

Lean Startup Customer Development Agile Software Lean (Toyota Production System) Five principles of Lean Startup 2011

Problem & Solution

The Startup Owner's Manual “There Are No Facts Inside Your Building, So Get Outside.” – Steve Blank

StartUp StartUp = Experiment Searching for a Profitable, Scalable and Reliable Business Model  A startup is a human institution designed to deliver a new product or service under conditions of extreme uncertainty“. by Eric Ries from the book ”The Lean Startup”  Nothing to do with size of company, sector of the economy, or industry

Lean Startup Principle Entrepreneurs are everywhere Entrepreneurship is management Validate Learning Build-Measure-Lean Innovation Accounting

Minimum Viable Product

Minimum Viable Product http://paulkortman.com/2012/11/21/the-problem-with-alean-startup-the-minimum-viable-product/

Minimum Viable Product https://www.youtube.com/watch?v=78ajiBtkuQs

Pivot

Pivot

Pivot Case Study https://www.youtube.com/watch?v=kddld-SS7lw

The Customer Development Manifesto http://steveblank.com/2012/03/29/nail-the-customer-development-manifesto/

Key Takeaways STOP WASTING PEOPLE’S TIME

Achieving Failure  If we are building something nobody wants, what does it matter if we accomplish it : On time ? On budget ? With high quality ? With beautiful design ?  Achieving Failure = successfully executing a bad plan

Key Takeaways

Presentation Title

“Building something nobody wants is the ultimate form of waste.” – Eric Ries Presentation Title

Thank you !!      Manik Choudhary manikchoudhary99@gmail.com LinkedIn - http://www.linkedin.com/pub/manik-choudhary-pmi-acp-cspo-psm/1/54/529 Slide Share - http://www.slideshare.net/ManikChoudharyPMIACP Twitter – #manikchoudhary9

References     http://thebln.com/2011/09/eric-ries-the-lean-startup-the-most-innovative-book-launch-ever-video-transcript-of-ericstalk-the-science-of-lean-startups-at-business-of-software-2010/ http://steveblank.com http://theleanstartup.com/ http://www.businessmodelgeneration.com/

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