The Lean Startup: In-Depth Summary - original book by Eric Ries - summary by edify.me

This is an in-depth, chapter-by-chapter summary of Eric Ries's best-selling book The Lean Startup: How Today's Entrepreneurs Use Continuous Innovation to Create Radically Successful Businesses. In this summary, Ries presents a practical and insightful approach to building products and launching startups. Based on his experience as an entrepreneur and drawing concepts from lean manufacturing and other disciplines, Ries has created a framework for systematic innovation to maximize the chances of startup success. In this summary: Introduction: 5 principles of the lean startup method. Chapter 1 - Start: Why companies fail; understanding vision, strategy and product. Chapter 2 - Define: The true definition of a “startup”; lessons on innovation from SnapTax and Intuit. Chapter 3 - Learn: Lessons from IMVU’s mistakes; validated learning, scientific testing and reducing waste. Chapter 4 - Experiment: 4 reasons experiments are better than research; value and growth hypotheses; how to run an experiment. Chapter 5 - Leap: Leap of faith assumptions; genchi genbutsu; customer archetypes. Chapter 6 - Test: Minimum viable product (MVP); 4 fears of MVPs. Chapter 7 - Measure: The 3 A’s, 3 steps and 3 tools of innovation accounting; actionable metrics. Chapter 8 - Pivot (or Persevere) When to pivot; 5 points about pivots; 10 types of pivots. Chapter 9 - Batch: Single piece flow; benefits of small batches; continuous deployment; the andon cord; “pull” hypotheses. Chapter 10 - Grow 4 types of sustainable growth; 3 engines of growth; quantifying product / market fit. Chapter 11 -Adapt Adaptive organizations; the 5 whys; proportional investments. Chapter 12 - Innovate Portfolio thinking; startups within an organization; the innovation sandbox. Estimated reading time: 40 minutes Original Book: 5:05 hours You Save: 4:25 hours Benefits of edify.me summaries: In addition to saving time, this summary is designed for: Readability: clear, concise and well-written for easy reading. Retention: structured into logical sections and enhanced with bullet points, lists and quotations to maximize retention of knowledge. Review: provides a fast knowledge refresher when you need it. View Less