ipl-logo

The Lean Startup

2878 Words12 Pages

Introduction Eric Ries’ The Lean Startup: How Today's Entrepreneurs Use Continuous Innovation to Create Radically Successful Businesses (Ries, The Lean Startup: How Today's Entrepreneurs Use Continuous Innovation to Create Radically Successful Businesses, 2011) became one of the most hyped books in the startup scene in 2011 and was predicted to “change everything” (Blank, 2013). Through its new perspective on how startups could be build. The basic approach of being lean in building startups was originally mentioned in 2008 for entrepreneurs in the software business, but became known beyond these border with the publication of Ries’ book. The Lean startup approach describes the creation of a startup using as little capital as possible to successfully …show more content…

Commonalities and similarities in the arguments across them will be valued as indicators of the argument’s validity. As there are already plenty of reports favoring the Lean Startup, this paper will have a biased look on its flaws. Lean startup and Lean Manufacturing – the unequal same? In early 2013, Ries once said in a Q&A session that the closest analogy of the Lean Startup Movement is Lean Manufacturing. (Ries, 2013). Lean Manufacturing originated in Toyota’s Production System (TPS), a socio-technical System developed by Toyota which’s goals are to eliminate progress waste while throughout providing high quality products (Toyotal-Global, n.d.) It is a way to produce slimly/lean and use resources efficiently to ultimately increase the value for the customer. Ries claims that the Lean Startup Approach also strives to reduce waste and increase efficiency (Ries, …show more content…

Especially companies with audacious goals have to hit the market at one point with force (Mougayar, 2013), to “get the rocket into space” (Andreessen, 2012). Lean Startup favors all small steps, incremental innovation and continuous improvements (Ries, The Lean Startup: How Today's Entrepreneurs Use Continuous Innovation to Create Radically Successful Businesses, 2011). But as one won’t launch a plane until perfectly crafted - some products need to be presented as a whole to convince customers and assert on the market (see inferior products). LSU in Web 2.0 startups If one considers to be a startup manufacturer, Lean Startup makes little sense. The LSU approach stems its advantages from being cheap in failure and iteration. The manufacturing of prototypes is an expensive endeavor. Being forced to repeatedly build new prototypes after a new round of iteration (and that is what it means to be in alignment with the LSU approach) is a monetary duty no startup can afford (Pelling, 2011).

Show More
Related

Tootsie Roll: Internal Growth Strategies To Achieve Success

247 Words | 1 Pages

Tootsie Roll has implemented various internal growth strategies to achieve success. First, Tootsie Roll has used market penetration through selling their products in other countries, such as the Far East and Europe. Second, Tootsie Roll has used market development through increasing sales by selling certain products, such as Junior Mints, in retail outlets, convenient stores, grocery stores, drug chains, and warehouse club stores. Third, Tootsie Roll has participated in product development through changing the way they packaged certain products to more effectively market the new Warner-Lambert brands. Fourth, Tootsie Roll has a vertically integrated structure to reduce its costs with suppliers.

Read More

Pt1420 Unit 6 Assignment 1

857 Words | 4 Pages

This recommendation is very important because it ties into employee time-commitment and culture changes. Specifically, SAMHSA would be comprehending Lean principles and findings to learn and improve while doing so in a timely manner. As a result, employees grow their value, thus realizing more value for

Read More

Lean Initiatives For Rider Softball

776 Words | 4 Pages

A company can use lean thinking to increase product quality, improve decision-making, and enhance profitability. The last principle of lean thinking is perfection, this means continuous improvement, and focuses on value-added activities and eliminates waste. Rider Softball can use lean thinking to strive for perfection, and continue to improve the program. Five recommendations have been provided for the Rider Softball program. The first recommendation for Rider Softball to use lean initiatives is cost reduction, by getting a team sponsorship.

Read More

Nt1330 Unit 5 Learning Log

657 Words | 3 Pages

I skipped almost all of these steps with my other ventures. I had no bank account or landing page and didn’t even consider my ideal customers. I just had what I thought was a good idea, so I started building it. I didn’t validate the project to see if anyone was interested because I thought "I want that, so it must be something people want," or "I think that 's clever, so I think I 'll build it, and other people will sign up for it. " I then spent weeks and months working on these ideas on the side and at night.

Read More

Case Study Dynacorp

1336 Words | 6 Pages

Introduction A company’s success is measured by how well it is structured and organized in order to adapt to the changes in environment as well as the changes within itself such as the company’s scale, employees, product scope, etc. Having a suitable, well-structured organizational frame will not only increase the chance of being success but also prolong the company’s lifespan compared to an un-structured one. It is important to note that an organization’s structure needs to fit in with the current situation and does not necessarily required remain unchanged over time. Taking Dynacorp as an example, even though its functional structure contributed to the vast growth of the company at the start, its limitation in dealing with the changes within

Read More

Costco's Business Model Essay

581 Words | 3 Pages

They get their foot in the door and then scale when success is proven. They are not positioning themselves for retrenchment by growing too fast (Parnell, 2014). With the same

Read More

Case Study Report Of Guelph General Hospital

1671 Words | 7 Pages

To begin with, the lean methodology is one that is applicable to all industries, regardless of the present systems and approaches towards management (Tsironis & Psychogios, 2016). Therefore, the major decision is to proceed with the implementation of the lean and other improvement processes, even though it should take different approaches. When considering the challenges noted, most of them emerge from the reactions and actions of the

Read More

Competitive Advantage Of Costco's Business Model

1090 Words | 5 Pages

Furthermore, the company is increasingly appealing to customers and continues to maintain more than 90% of its members year to year. With the leadership at the helm of the company and their commitment to maintaining their competitive advantage, this remains an incredibly appealing business model. However, replicating this model would be incredibly challenging for small scale

Read More

Daktronics Case Study

1420 Words | 6 Pages

Toyota 's success after using TPS brought worldwide attention to lean manufacturing concepts. With the introduction of lean manufacturing into the production process, the management was able to gauge the advantages lean manufacturing brought into the day to day activities when it was implemented for single production line. The benefit of single production line with duplicate resources is that idle equipment could be undergoing a setup for the next product while another product is running. This configuration mitigates flow line downtime that would result from a high product mix because it can drive the need for many different machine setup time iterations. A single line configuration would simplify production line leadership’s responsibilities, staffing level needs would be better understood, preventive maintenance could be done while products are running and this configuration would promote a balanced or equal use approach to equipment utilization.

Read More

Business Strategy Case Study: Under Armour

795 Words | 4 Pages

This would allow the company to develop a higher quality product and capable of competing with the best products on the

Read More

Business Strategy Case Study: Delta Airlines

742 Words | 3 Pages

Delta created its separate subsidiary in response to competitive threat of low-cost airlines. In addition, its subsidiary used pilots of its parent airline with independent decision-making authority. Does song have an effective strategy? Evaluate strategies by using three tests of effectiveness? Low-cost airline: Faster growth of low-cost aviation industry with homogenous service makes this industry fragmented across the United States.

Read More

The Strategic Change Cycle

1852 Words | 8 Pages

Abstract The strategic change cycle is one of the processes within strategic planning. This cycle is a ten-step process created to assist organizations in meeting their mandates, satisfying their missions, and constructing public value. “Strategic planning is intended to enhance an organization’s ability to think, act, and learn strategically” (Bryson & Alston, 2011). Introduction Strategic planning is “a deliberate, disciplined effort to produce fundamental decisions and actions that shape and guide what an organization (or other Entity) is, what it does, and why it does it” (Bryson & Alston, 2011).

Read More

Swot Analysis For Video Games

792 Words | 4 Pages

Even the "alphabet game" spending money on development and research to update their product or

Read More

Reflection Paper On Psych Rotation

772 Words | 4 Pages

This semester my psych rotation is split between the YWCA and Grandview Medical Center. I am starting at the YWCA, which is a shelter for women who have suffered from domestic violence and have nowhere else to go. This experience has already proven to be different than a typical nursing clinical that I have already experienced. This clinical rotation will make us rely on the basic foundations of nursing, such as therapeutic communication, whole-person care, maintaining patient safety, etc. This psych rotation will be a difficult one, however, I think it will also be very rewarding and I will learn concepts that I will be able to take with me throughout my nursing journey.

Read More

Literature Review On Startup

984 Words | 4 Pages

1. Introduction: A start-up is generally a young business which just begins to develop. These companies are generally meant for innovation of the existing ideas in order to offer product or service that is not available anywhere in market or which are available in an inferior manner. The main essence of start-ups has to do more with high ambition, innovativeness, scalability and growth.

Read More

More about The Lean Startup

Related Topics

Open Document