Learning to see waste and systematically eliminate it has allowed lean companies such as Toyota to dominate entire industries. Lean thinking defines value as 'providing benefit to the customer'; anything else is waste.
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The Lean Startup is a process for turning ideas into commercial ventures. Its premise is that startups begin with a series of untested hypotheses. They succeed by getting out of the building, testing those hypotheses and learning by iterating and refining minimal viable products in front of potential customers.
The reality is the Lean Startup method is not about cost, it is about speed. Lean startups waste less money, because they use a disciplined approach to testing new products and ideas.
Business has a way of talking about how to create value, which is in some way isn't bad... We just need to start thinking about if the value we want to create is consistent with all social and environmental well being.
The Lean Startup process builds new ventures more efficiently. It has three parts: a business model canvas to frame hypotheses, customer development to get out of the building to test those hypotheses, and agile engineering to build minimum viable products.
People value and spend their money more wisely when they acquire it by their own efforts - also known as work.
The meaning or value of a thing consists of what it affords.
The Lean Startup has evolved into a movement that is having a significant impact on how companies are built, funded and scaled.
The success stories in biotechnology are mainly due to the straightforward application of design thinking in both the business and science aspects of our lean startups.
The waste of plenty is the resource of scarcity.
Thinking clearly and effectively is the greatest asset of any human being.
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