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According to Eric Ries, there are two main reasons for startup failures:
It's exactly the boring little things that are critical to a startup's success.
The feedback that a startup receives in its experiments
can be qualitative (which product options they like and which they don't)
or quantitative (how many customers use the product, the number of registered users).
The Lean Startup concept is based on a Build-Measure-Learn feedback loop.
The most important challenge of startup management is to strive to reduce the feedback cycle time. But all the elements of this cycle deserve equal attention.
Small batch approach
The Lean Startup methodology is based on a small batch approach, borrowed from the concept of lean manufacturing.
I’m a generalist, philosopher, writer, tutor, paralegal, strategist, researcher, Bohemian, bibliophile, an intellectual and an analyst.
This book is a good business bible for new approach to manage a new company known as startups in the post - modern 21st century as the world economy is becoming a knowledge economy where human is at the centre of producing goods and services.
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