Tag Archives: lean startup

Lean Startup Product Development

Overview

The “Lean Startup” approach is based on a book by Eric Ries of the same name. The fundamental problem that the book addresses is that many companies:

  • Think that they know what the market and their customers want,
  • Make a lot of assumptions based on that thinking
  • Launch a long and expensive product development effort to meet what they think are those needs, and
  • Then find out that those assumptions were wrong

What Is the Problem?

That approach is typical for a company with a traditional plan-driven approach to project management. (That is what many people loosely call “Waterfall”). The problem isn’t really unique to startups; this problem can take place with any company of any size – it may happen more frequently with startups just because there is normally a higher level of uncertainty associated with a startup.

What’s the Solution?

The solution to this problem is to use an incremental and iterative approach to product development. That approach should have lots of customer input and feedback along the way. That approach is exactly what is used in an Agile product development effort. The approach would look something like this:

Lean Startup Process

Overall Summary

The Lean Startup approach is a good, common-sense approach for dealing with uncertainty in a business environment. It is a very useful concept that can apply to any business (not limited to startups). The exact implementation may vary from one company to the next depending on the level of uncertainty and other factors.

From Managedagile.com

Fractal Learning / Meta Thinking

There seems to be broad agreement on the urgent need to make sure that everyone (pre-work, working, and in transition) is equipped to navigate a world disrupted by radical and accelerating changes in the future of work, caused by AI and the 4th Industrial Revolution.

This urgent imperative may open up the opportunity to reinvent education, potentially utilizing recent advances in innovation frameworks, methods and practice. These suggest that learning can be radically accelerated and democratized, in part by leveraging technology and cloud-based knowledge libraries to break down silos and traditional hierarchies. As a result it can become more fundamentally flexible, iterative and self-directed (heutagogy).

The workshop outlined below is just a proof-of-concept for what we call fractal learning. It’s the roughest of drafts, sketched in response to a challenge: can we develop a “seed methodology”, a “Minimum Viable Instruction” package which starts any individual on a learning / innovating / goal-achieving journey, spiraling out from the first iterative cycle to acquire a broad and personalized toolbox of learning and problem-solving skills.

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