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Lean Startup Management 101
Rating: 3.6 out of 5(68 ratings)
4,247 students

Lean Startup Management 101

An introduction to the Lean Startup Approach to management
Last updated 4/2019
English
English [Auto],

What you'll learn

  • The Lean Startup Approach
  • Lean Startup principles and methodology
  • Garnishing customer feedback and its "philosophical approach"
  • The importance of "constant improvement" and limiting uncertainties

Course content

1 section15 lectures30m total length
  • Introduction0:46

    Explore the lean startup management mindset, including validated learning, innovation accounting, and the build measure learn loop, and learn how this approach informs growth strategy and business decisions.

  • Lean Startup Principles2:17

    Lean startup principles center on validated learning, innovation accounting, and the build-measure-learn loop, turning hypotheses into an MVP to test customer needs and create a sustainable business.

  • Entrepreneurs are Everywhere!1:25

    Explore how entrepreneurs are everywhere by embracing the lean startup mindset to think big, start small, and scale fast. Implement an effective management process to scale responsibly and sustain innovation.

  • Entrepreneurship is Management2:14

    Discover how the lean startup cycle frames the product development process, emphasizing implementation, organization, development, validation, and pivot decisions in early level startup management.

  • Validating Learning3:17

    Learn how early stage startups validate customer demand over revenue, using hypotheses, surveys, and A/B testing to pursue a long-term product vision and growth.

  • Innovation Accounting1:56

    Investigate innovation accounting as a framework for accountability in entrepreneurship under extreme uncertainty, and define a startup as an organization creating something new toward product-market fit.

  • Build-Measure-Learn1:46

    Learn how to use build-measure-learn to validate hypotheses with data, guide pivots or perseverance, and optimize feedback from mvp launches, marketing campaigns, and the business model canvas toward sustainable growth.

  • Rule #1: Eliminate Uncertainty1:52

    Employ lean startup thinking to validate product ideas within management, eliminate uncertainty, and decide when to pivot, restart, or invest based on data and value.

  • Rule #2: Work Smarter not Harder2:09

    Explore how clever marketing and novelty can turn a simple gag into a fad, illustrating working smarter by crafting attention through creative copy and disruptive advertising.

  • Rule #3: Develop An MVP1:51

    Develop a minimum viable product to validate customer need and bootstrap with a lean startup approach. Use MVP as proof of concept, leveraging maker spaces or freelancers.

  • Rule #4: Learn When It Is Time To Pivot2:03

    Learn when to pivot based on consumer discovery data, not only metrics; don't quit entirely; pivot to a vision with a different product, validate it, and pursue a sustainable business.

  • How you are establishing customers?1:28

    Focus on establishing customers by collecting feedback, applying validated learning, and targeting market segments to build customer loyalty.

  • The Continuous Innovation Chart2:53

    Accelerate innovation with rapid learning loops through split tests, A/B testing, and customer interviews, guided by the five rights root cause analysis and continuous deployment.

  • The Lean Startup Process - Diagram2:43

    Analyze data and its implications on market segmentation and targeting, validate hypotheses, and iterate toward Six Sigma level accuracy to pivot and improve your product through continuous learning.

  • 3 Examples of Lean Startup in Action2:10

    Explore three lean startup in action examples: Dropbox’s MVP sprint and rapid feedback; Zappos testing online shoe sales with a small MVP; and GE applying lean startup to r&d lifecycles.

Requirements

  • Have a mind ready and open to learn

Description

The Lean Startup methodology have been used in a variety of different ways throughout the startup world. Companies such as Dropbox and even Zappos became very successful utilizing this approach. Even large multinational corporations such as the works of General Electric have utilized the Lean Startup Approach for their product feedback and development lifecycle. This method as discussed by Eric Ries, and a variety of other entrepreneurs changes the way we do business for the 21st century.

Who this course is for:

  • Anyone interested in entrepreneurship, management, or R & D
  • Anyone with early stage startups
  • Students who are in a business or even Engineering major
  • Seasoned business executives looking to "disrupt" their thinking