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LEAN STARTUP - Coggle Diagram
LEAN STARTUP
In the past 5 factors constraints.
Lean approach reduces:
- (1 and (2 helping new ventures launch products that customers actually want more quickly and cheaply
- (3 making startups less risky
Venture capital industry, few firms invest big sums
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LEAN METHOD
Startups look for a business model, they don't execute one
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Customer development approach.
Rapidly create an MVP, test it with customers, adjust it, retest, readjust, pivot it
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Is needed due to rapid change:
- Globalization
- Regulation
- Disruption
Lessons learned
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The one who succeed go quickly
- from failure to failure
- adapting and iterating
- countinuous learning from customers
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