The Lean Startup: Operational Excellence in New Businesses
The Lean Startup methodology, introduced by Eric Ries, focuses on a systematic, scientific approach to building and managing startups. It emphasizes creating agile, innovative businesses that can adapt to customer needs and market changes, maximizing efficiency, minimizing waste, and achieving operational excellence. This methodology is relevant for both national and international markets, allowing businesses to navigate competition and resource constraints effectively. Key Principles of the Lean Startup Methodology Build-Measure-Learn Feedback Loop Build a Minimum Viable Product (MVP) : A version of the product with only essential features. Measure customer response and performance metrics. Learn from the feedback to improve or pivot the product. Validated Learning Continuously test hypotheses with real customers to confirm assumptions about product features, demand, and market fit. Continuous Deployment Use agile processes to release small, frequent updates, enabling faster iteration...