Lean Startup Flashcards
is radically altering the way supply chains and production systems are run
lean thinking
Lean Startup takes its name from the lean manufacturing revolution that ___ and ___ are credited with developing at Toyota
Taiichi Ohno, Shigeo Shingo
Identify the beliefs about what must be true in order for the startup to succeed.
leap-of-faith assumptions.
Create an experiment to test those assumptions as quickly and inexpensively as possible
minimum viable product
Think like a scientist. Treat each experiment as an opportunity to learn what’s working and what’s not.
“unit of progress” for startups validated learning
Take the learning from each experiment and start the loop over again.
build-measure-learn feedback loop.
The Tools and Processes of Lean Startup
- Leap-of-Faith Assumptions (LOFA)
- Minimum Viable Product (MVP)
- Validated Learning
- Build-Measure-Learn
- Pivot or Persevere
In such a circumstance, the best we can do is form a set of hypotheses—in the scientific sense—about what we’d like to see happen.
Leap-of-Faith Assumptions
Eric Ries, has described validated learning as, “the ___ for lean startups.”
unit of progress
He created the customer development method that launched the lean start up movement.
Steve Blank
a change in strategy without a change in vision.
pivot
improve the product by turning the engine
optimization
