![]() ![]() Entrepreneurs are EverywhereĪ startup is “a human institution designed to create a new product or service under conditions of extreme uncertainty.” It’s not defined by company size, organization type (e.g. There are 5 important principles that underlie The Lean Startup method. Startups face unique challenges, which call for not just “ordinary” management, but entrepreneurial management. In this summary, we’ll give a synopsis of the lean startup concept and key principles/processes.ĭo check out our complete book summary bundle or read the book to get the full mojo! ![]() It’s about developing new products or services successfully under conditions of great uncertainty, reducing wastage, and building an adaptive organization that can thrive in a rapidly changing world. Eric Ries’ “The Lean Startup” is not just about starting a new business. Yet, with the right processes, their success could be significantly improved. Each time startups and innovations fail, huge amounts of money, time, passion, and skill are wasted. ![]()
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