Too many times entrepreneurs make the mistake of building extravagant products before they think to test them with consumers. One of my favorite concepts in the book is that we shouldn't ask the question "Could we build it?," but rather "Should we build it?" The companies end up making decisions based on the incorrect data, and then they continue along with these poor ideas much longer than they should. Myths created by the old school entrepreneurs perpetuate the notion that you must have countless failures to eventually find success. Ries argues that by using the model of the lean startup, many companies and organizations can avoid unnecessary disappointments. .
Learning is one of the most crucial aspects in the lean startup. A company should focus efforts on figuring out what customers consider unnecessary to a product and then eliminating what they do not need. Ries calls this process validated learning, because it shows positive advances in the startups metrics. The metrics that are suggested for lean startups are referred to as the 3 A's Test. The metrics a company should use when determining their baseline are actionable, accessible and auditable. Actionable metrics look to a cause and effect relationship so one can take action. Accessible metrics are those that are easy to understand and are generally available company wide. Auditable metrics allow the company to backtrack to the source of all data and see if what it is saying is true. In the end, once your baseline is set by real customers, the validated learning will be supported by the data. Another concept of Ries' that I took to heart was the notion of Genchi Genbutsu or "Go and see for yourself." This is the idea that business should be based on the knowledge you gain in the process. By experiencing what problems can occur firsthand and having your hand firmly on the very pulse of the business you gain the intimate knowledge of what to do next to correct the problems.
This is Eric Patrick Clapton. ... This is the story of Eric Clapton's life. ... Eric began to realize that something was not right when he wrote his name as Eric Clapton and his parents as Mr. and Mrs. ... Eric downfalls in life begin. ... So this was the life of Eric Clapton. ...
The Little Price The Little Prince by Antoine de Saint-Exupéry There is a combination of subjects in the book including fantasy, sarcasm, philosophy, poetry, science, imagination, and childish fun. ... This adventure begins when Saint-Exupéry makes a forced landing in the Sahara Desert. ... PLOT: Expositon: At the beginging of the story we find Saint-Exupéry explaining to us when he was a kid how he didn't like grown-ups because they have no imagination. ...
(An Introduction to Lean Manufacturing, 2011) Elements of Lean Paper Lean manufacturing is a plan of action and gathering of strategic strategies that underscore wiping out non-esteem included exercises (waste) while conveying quality items on time in any event cost with more noteworthy proficiency. ... Lean Manufacturing is a creation rationale that hopes to supply correctly what the customer needs, when the customer needs it. ... (Lean Manufacturing and the Environment, n.d.) ... (Lean Enterprise: Elements of Lean Manufacturing, n.d.) ... We can shape a strong and Lean business establishm...
The startup opens just before the year 2000 as the two men have a mad desire to get rich with this new millennium vision. ... For as smart as they seemed to be they didn't seem to think everything though and other startups with similar ideas surpassed them. ... However GovWorks and many other startups like it were honestly destined for failure with inexperienced management level employees but selfish investors who would lure and manipulate them into failing. ...
Of the poets we've explored in class, the one I felt have most connected to is Paul Valéry. ... Valéry writes, "Thought is hidden in verse like the nutritive virtue in fruit. ... Valéry gives us a glimpse into his consciousness in the poem "The Footsteps". ... It's as if Valéry's heart has slowed to match the timing of his lover's steps. ... The idea has complete control over Valéry and bids him to act on its behalf. ...
Men and women in the West felt "increasingly adrift in a strange, uncertain and uncontrollable world.""5 In his essay "The Crisis of the Spirit- written in 1919, Paul Valéry, one of France's most outstanding poets, wrote that Europe "doubted itself profoundly.""6 This is certainly true since the terrible trauma of total war left deep scars in the European "spirit."" 7 The people were so devastated by the war that they lost faith and hope in a brighter future. ... Paul Valéry argued that "the best of life is behind us, that fullness is behind us, but disarray and doubt are i...
