To first understand what validated learning means, we need to highlight which of our efforts are creating value, and which are creating waste. The Lean Startup model boasts a unique concept that Reis refers to as “validated learning.” This approach to learning is more accurate, concise and quicker than traditional modes of market forecasting or corporate planning. Validated Learning – a Novel Approach to Data Thus, the Lean Startup business model is a novel approach to the development and innovation of new products which focuses on speedy iteration, customer insight, creative vision and sizable ambition, simultaneously. Using scientific approaches to make decisions.

Focusing on what the customer wants (without asking them first).Consequently, the Lean Startup model is based on the following: Ries, therefore, firmly believes that startup success is not necessarily about having a great idea, or even being in the right place at the right time it is about following the right processes. This approach highlighted the difference between value-generating behavior, and waste – principles which the Lean Startup method carries across to the context of entrepreneurship. Utilizing just-in-time production and inventory control.Drawing on the knowledge and creativity of individual employees.They transformed Toyota into a flourishing global company by focusing on the following principles: The Lean Startup model takes its name from the Toyota manufacturing revolution as lead by Taiichi Ohno and Shigeo Shingo. The Lean Startup Summary and Review Part 1: Vision The Definition and Origins of the Lean Startup

So, let’s get to grips with the revolutionary Lean Startup model. Accelerate – Here, the focus is on how to get Lean Startups to speed through the ‘Build-Measure-Learn’ feedback loop as quickly as possible.Steer – This section dives deeper into the Lean Startup business model.Vision – Here, Ries puts forward the case for a new discipline of entrepreneurial management.

To do this Lean Startup summary justice, we’ve mirrored the way Ries has structured the book which is split across three main sections: Having worked as the CTO of the IMVU social network, the co-founder of FastWorks, the founder and CEO of the Long-Term Stock Exchange, and the entrepreneur-in-residence at Harvard Business School, IDEO and Pivotal, the Lean Startup business model is based on a wealth of lived experience. Given Eric Reis’ stunning credentials, he clearly knows what he’s talking about. A New York Times bestseller, the Lean Startup model is a global phenomenon, faithfully used by individual entrepreneurs and huge companies around the world – to astonishing results. It’s fair to say that The Lean Startup by Eric Ries transformed the world as we know it.

The lean startup de eric ries