![]() ![]() (35:54-44:58) Principle #5: " Innovation Accounting". How to deploy accounting (as in “being accountable/responsible for some results”) in a startup’s context.The notion of pivoting as a cycle through the Build-Measure-Learn loop, trying to minimize total time through the loop. (32:50-35:54) Principle #4: " Build-Measure-Learn". The concept of the "Minimum Viable Product".Eric Ries’ personal experience during the process of launching the startup IMVU. The "Customer Development" principle developed by Steve Blank. Using these ideas in software development (Agile Product Development). The “lean manufacturing” principles (Deming, Ohno) and the idea of pivoting. Evolution from the concept of management based on Taylor’s thesis to the kind of management really necessary for a startup. According to Ries, an MVP is the version of a new product that. Semantic Scholar extracted view of The Lean Startup by Eric Ries. (11:51-22:05) Principle #2: " Entrepreneurship is management". 'Minimum viable product' is a term coined by Frank Robinson and popularized by Eric Ries, founder of the Lean Startup methodology.What is a startup? Were “Ghostbusters” a startup? :-) Where does entrepreneurs’ time go? Which are (and are not) a startup’s features? (02:27-03:50) The 5 main principles of the “lean startup” approach and how they are interconnected. ![]()
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