Lean startup is an approach to business development that is based on the principles of lean production, a manufacturing methodology that values a business’ ability to change quickly.A lean startup has a flat management structure and makes use of its resources in a flexible manner. Such a startup will trade long, rigid and expensive development cycles for shorter, iterative ones that focus on three phases: build, measure and learn.
Every business is a collection of processes. Those processes are broken down into primary and secondary.Primary processes create value, while secondary processes support them. Lean Startup is a process management philosophy and technique that focuses on managing and improving those processes. With the help of Lean practices, businesses are able to manage their processes better to provide a greater ROI to its investors.
Lean benefits one’s career by making the person lively – providing them an opportunity to see things differently. A lot of times you go into an industry and its training on the job, the fact that people can walk in now and say “Why do we do this ?”, ”How are we measuring it?,” and “How do we know were making an improvement? ”The marketplace changes so rapidly in any industry – a problem solving mindset approach to business allows organizations to be lively, faster, better planners, faster change implementers, and allows them to effectively stay ahead of the competition by changing faster and learning to see challenges before they happen.
I think anyone can be successful using Lean thinking. I think it takes a certain amount of questioning. The person would have to be inquisitive. I would say that it does not necessarily need to be someone who is new and doesn’t know any better, but a person who can think that maybe there just isn’t one way to do things.
Lean Startup thinkers have to influence others to change their way of thinking and that’s not necessary in their direct line of control. There needs to be a certain amount of negotiating and a way of presenting the message in a way that the audience can hear it.
I am quite confident businesses will draw inspiration from this article. In this era of cut throat market competition, don’t start your business without a comprehensive plan. Though choice will be yours, you can’t undermine the importance of the wonderful phenomenon.