Entrepreneurship: A Working Definition - Thomas R. Eisenmann - HBS Faculty. By Thomas R.
Eisenmann | 10:03 AM January 10, 2013 What is entrepreneurship? You probably think that the answer is obvious, and that only an academic would bother to ask this question. As a professor, I suppose I am guilty of mincing words. But like the terms “strategy” and “business model,” the word “entrepreneurship” is elastic. The history of the word “entrepreneurship” is fascinating and scholars have indeed parsed its meaning. The Lean Startup. “Startup success can be engineered by following the process, which means it can be learned, which means it can be taught.”- Eric Ries The Lean Startup provides a scientific approach to creating and managing startups and get a desired product to customers' hands faster.
The Lean Startup method teaches you how to drive a startup-how to steer, when to turn, and when to persevere-and grow a business with maximum acceleration. It is a principled approach to new product development. Too many startups begin with an idea for a product that they think people want. They then spend months, sometimes years, perfecting that product without ever showing the product, even in a very rudimentary form, to the prospective customer. The Concierge Minimum Viable Product Maximizes Customer Learning. The concierge mvp is an interesting concept because the lean startup method is all about eliminating waste and the concierge mvp seems wasteful from a distance.
To a software developer, it doesn’t make sense to manually perform a task when you can get a software program to do it for you. Small Batches concierge minimum viable product In one of Eric Ries’ posts, he shows how small batches can actually help you become more efficient. Instagram Co-Founder Mike Krieger’s 8 Principles For Building Products People Want. Mike Krieger, Instagram’s founder, thinks you can build apps that fit in the real world by watching what people want, not guessing.
He presented his eight core product design insights today at 500 Startups’ Warm Gun conference. Experimentation Is The New Planning. Technology is a bitch.
It affects every industry, often in ways that are difficult (if not impossible) to anticipate. There’s always the possibility that a Napster or a Netflix or a Wikipedia will arrive to completely disrupt your business or industry. So it makes sense to have some kind of system that allows you to continually develop options and explore possibilities, so that when the day of disruption does arrive, it finds you ready with a few alternatives in hand. The time to seek those alternatives is now--not later, after a crisis has already arrived. Let’s Be Deliberate: Real Strategy Emerges An evolving portfolio of strategic experiments gives the management team more choices, which means better odds that some of the choices will be right.
Management theorist Henry Mintzberg makes a distinction between deliberate and emergent strategy. Deliberate strategy is goal-oriented. Eric Ries On How To Make Any Company Move Like A Lean Startup. "It's like an alternate reality," Eric Ries says.
The entrepreneur-turned-author whose Lean Startup--the book, then the movement--infused the Valley/Alley lexicon with now-ubiquitous terms like "pivot" and "minimum viable product," is now boldly going where few startup guys have gone before: corporate America. How Great Entrepreneurs Create Their Own Luck. Editor’s note: This post is authored by guest contributor Thor Muller, a New York Times best selling author.
His latest book, “Get Lucky: How to Put Planned Serendipity to Work for You and Your Business” is available now. This is the story of how a young Irish fine artist accidentally became a materials scientist, founding a high-growth company that created a whole new product category. It’s also a parable for how great entrepreneurs systematically create their own luck.
Jane ni Dhulchaointigh is the founder and CEO of Sugru, a London-based startup that makes an amazing moldable adhesive for repairing any physical object. Your Start-Up Life: Design Your Thinking. Thursdays at the Huffington Post, Rana Florida, CEO of The Creative Class Group, will answer readers' questions about how they can optimize their lives.
She will also feature conversations with successful entrepreneurs and creative thinkers about how they manage their businesses, relationships, careers, and more. Send your questions about work, life, and play to rana@creativeclass.com. From the newest app your kids play with to the mouse at your fingertips and the chair you're sitting in, it is quite possible that the consultancy firm IDEO was involved in the design or redesign process. Employing more than 500 experts, the firm has thousands of clients across industries spanning pharmaceuticals, tech, retail and everything in between. They helped Converse design a sneaker store and Walgreens develop a community pharmacy. One of the coolest companies to work for by many reckonings, the award-winning IDEO takes a design and creative approach to help organizations innovate.
The "Loose Reins" Approach to Management - Matthew E. May. By Matthew E.
May | 8:00 AM December 17, 2012 Sometimes, the best management is little or no management at all. Sometimes, effective order and engaging experiences can be achieved with the most simple rules. Take “shared space” urban design, for example. Leaders – Stop Trying to Be Efficient.