Eric Ries

The Lean Startup: How Today's Entrepreneurs Use Continuous Innovation to Create Radically Successful Businesses

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Konstantin Savenkov
Konstantin Savenkovhas quoted6 years ago
We would dedicate ourselves to the creation of new institutions with a long-term mission to build sustainable value and change the world for the better.
Most of all, we would stop wasting people’s time.
Shalkar Tleuzhanov
Shalkar Tleuzhanovhas quoted2 years ago
Success is not delivering a feature; success is learning how to solve the customer’s problem
Shalkar Tleuzhanov
Shalkar Tleuzhanovhas quoted2 years ago
The two most important assumptions entrepreneurs make are what I call the value hypothesis and the growth hypothesis.
Vasya Nikolaev
Vasya Nikolaevhas quoted4 years ago
Sustainable growth is characterized by one simple rule:
New customers come from the actions of past customers.
Arthur Shramko
Arthur Shramkohas quoted5 years ago
“Success is not delivering a feature; success is learning how to solve the customer’s problem.”
Konstantin Savenkov
Konstantin Savenkovhas quoted6 years ago
Only by building a model of customer behavior and then showing our ability to use our product or service to change it over time can we establish real facts about the validity of our vision.
Konstantin Savenkov
Konstantin Savenkovhas quoted6 years ago
On the flip side, I know an extremely high-profile technology company that has a reputation for having an innovative culture, yet its track record of producing new products is disappointing. The company boasts an internal reward system that is based on large financial and status awards to teams that do something extraordinary, but those awards are handed out by senior management on the basis of—no one knows what.
Konstantin Savenkov
Konstantin Savenkovhas quoted6 years ago
Unfortunately, “learning” is the oldest excuse in the book for a failure of execution.
Konstantin Savenkov
Konstantin Savenkovhas quoted6 years ago
A consequence of this is that many viral products do not charge customers directly but rely on indirect sources of revenue such as advertising. This is the case because viral products cannot afford to have any friction impede the process of signing customers up and recruiting their friends. This can make testing the value hypothesis for viral products especially challenging.
Konstantin Savenkov
Konstantin Savenkovhas quoted6 years ago
when I asked what distinguishes the Toyota Way from other management approaches, the most common first response was genchi gembutsu—whether I was in manufacturing, product development, sales, distribution, or public affairs.
Konstantin Savenkov
Konstantin Savenkovhas quoted6 years ago
We all envisioned the damning newspaper headlines: “Inept Entrepreneurs Build Dreadful Product.”
Sulthan Naufal
Sulthan Naufalhas quoted6 days ago
if you cannot fail, you cannot learn
Sulthan Naufal
Sulthan Naufalhas quoted6 days ago
Which customer opinions should we listen to, if any?
Joey Borbe
Joey Borbehas quotedlast month
startups often accidentally build something nobody wants,
Joey Borbe
Joey Borbehas quotedlast month
Taiichi Ohno and Shigeo Shingo
Joey Borbe
Joey Borbehas quoted2 months ago
“innovation factory” that uses Lean Startup techniques to create disruptive innovations on a continuous basis.
Joey Borbe
Joey Borbehas quoted2 months ago
entrepreneurs who run and learn and can retest and relearn as opposed to a society of politicians.
Joey Borbe
Joey Borbehas quoted2 months ago
when you have only one test, you don’t have entrepreneurs, you have politicians, because you have to sell. Out of a hundred good ideas, you’ve got to sell your idea. So you build up a society of politicians and salespeople. When you have five hundred tests you’re running, then everybody’s ideas can run. And then you create
Joey Borbe
Joey Borbehas quoted2 months ago
Once a team is set up, what should it do? What process should it use? How should it be held accountable to performance milestones? These are questions the Lean Startup methodology is designed to answer.
Joey Borbe
Joey Borbehas quoted2 months ago
product, one that encompasses any source of value for the people who become customers.
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