Insightful Inputs From The Lean Startup: Part III

This is WITS Zen initiative to post series of insightful inputs and wisdom nuggets from the book “The Lean Startup“, by Eric Ries. The Lean Startup is a new way of looking at the development of innovative new products that emphasizes fast iteration and customer insight, a huge vision, and great ambition, all at the same time.

Insightful Inputs from ” The Lean Startup:

  • “A startup is a human institution designed to create a new product or service under conditions of extreme uncertainty.”
  • The Lean Startup method is designed to teach you how to drive a startup. Instead of making complex plans that are based on a lot of assumptions, you can make constant adjustments with a steering wheel calledĀ the Build-Measure-Learn feedback loop.
  • A startup is greater than the sum of its parts; it is an acutely human enterprise.
  • Startup use many kinds of innovation:
    • Novel scientific discoveries
    • Repurposing an existing technology for a new use
    • Devising a new business model that unlocks the value that was hidden
    • Simply bringing a product or service to a new location or a previously undeserved set of customers.

Watch out for moreĀ  inputs. To be continued…

If WITS Zen has missed some valuable inputs from the book, please share with us.

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