- "Aims to shorten product development cycles and rapidly discover if a proposed business model is viable"
A method for developing and testing new business models or products with minimal resources and risk.
Customer Development: Understanding customer needs and behaviors to create products that meet their demands and preferences.
Minimum Viable Product (MVP): A product with enough features to satisfy initial customers and provide feedback for future development.
Lean Canvas: A one-page business plan that outlines a company's key activities, customers, value proposition, and revenue streams.
Agile Development: A project management methodology that focuses on customer satisfaction, change management, and iterative development.
Value Proposition: A statement that describes the unique benefits that a product or service provides to customers.
Business Model Innovation: Developing new business models to improve product differentiation, customer engagement, and revenue streams.
Lean Analytics: The use of data to guide product development decisions, measure customer satisfaction, and identify weaknesses in the business model.
Lean Manufacturing: A production process that emphasizes waste reduction, continuous improvement, and quality control.
Design Thinking: A problem-solving approach that places customers at the center of the design process and integrates empathy, creativity, and prototyping.
Customer Segmentation: Dividing customers into distinct groups based on their needs, behaviors, and demographics to create targeted marketing strategies.
Iterative Development: Developing products through a process of continuous experimentation, evaluation, and improvement.
Lean UX: A user experience design process that emphasizes simplicity, speed, and collaboration.
Innovation MVP: A product that uses new or emerging technologies to create new markets or disrupt existing ones.
Business Model Canvas: A visual representation of a company's business model that helps identify key partners, resources, and activities.
Value Stream Mapping: A process of mapping out the steps in a business process, identifying inefficiencies and waste, and streamlining the process for improved efficiency.
Lean Six Sigma: A methodology that combines Lean principles with Six Sigma quality control techniques to improve productivity, quality, and customer satisfaction.
Risk Management: Identifying and mitigating potential business risks to reduce the likelihood and impact of negative outcomes.
Continuous Improvement: A philosophy of continually seeking ways to improve business processes, products, and services over time.
Co-Creation: Collaboratively working with customers, employees, or other stakeholders to create innovative new products and services.
Lean Marketing: A marketing approach that emphasizes the use of data and experimentation to guide marketing decisions and optimize marketing spend.
Lean Canvas: A visual chart that helps entrepreneurs quickly identify and assess potential business models.
Customer Development: A process that involves engaging with customers to understand their problems and needs before building a solution.
Agile Development: A method that involves breaking down development into small, iterative cycles, allowing for continual testing and improvement.
Design Thinking: A user-centered design approach that focuses on understanding the customer's experience and developing solutions based on their needs.
Minimum Viable Product (MVP): A product strategy that involves building the smallest possible version of a product that can be tested with customers, allowing for feedback and iteration.
Lean UX: A method that combines customer feedback with rapid prototyping to quickly iterate and improve user experiences.
Lean Analytics: A data-driven approach that focuses on measuring and monitoring key performance indicators (KPIs) to improve decision-making.
Lean Startup Machine: An immersive workshop that teaches entrepreneurs Lean Startup principles and methodologies by helping them build a startup in just three days.
Customer Validation: A process that involves testing product and service ideas with customers to ensure they address their needs and provide value.
Kaizen: A continuous improvement approach that emphasizes a never-ending cycle of small, incremental improvements to improve efficiency and productivity.
- "Invest their time into iteratively building products or services to meet the needs of early customers"
- "Adopting a combination of business-hypothesis-driven experimentation, iterative product releases, and validated learning"
- "Lean startup emphasizes customer feedback over intuition"
- "Flexibility over planning"
- "Enables recovery from failures more often than traditional ways of product development"
- "Sidestep the need for large amounts of initial project funding and expensive product launches"
- "Start with the end in mind" and "Thinking about the direction in which you want your business to grow"
- "Iteratively building products or services"
- "Invest their time into iteratively building products or services to meet the needs of early customers"
- "Customer feedback over intuition"
- "Enables recovery from failures more often" and "Reduce market risks"
- "Sidestep the need for large amounts of initial project funding"
- "Adopting a combination of business-hypothesis-driven experimentation, iterative product releases, and validated learning"
- "To meet the needs of early customers"
- "Business-hypothesis-driven experimentation"
- "Aims to shorten product development cycles"
- "Lean startup emphasizes customer feedback"
- "Iterative product releases"
- "Adopting a combination of business-hypothesis-driven experimentation, iterative product releases, and validated learning"