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Dacey Rankins

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2025-03-11 15:34:28 -

Common Myths About Lean Startup Debunked
The Lean Startup methodology, developed by Eric Ries, has revolutionized how businesses approach product development and innovation. However, misconceptions about Lean Startup persist, leading to confusion and misapplication. Let’s debunk some of the most common myths. Myth 1: Lean Means Cheap A widespread myth is that being "lean" means being frugal or cutting costs at all costs. In...

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Dacey Rankins

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2025-03-11 15:36:35 -

How can Lean Startup principles be applied in established companies?
The Lean Startup methodology, popularized by Eric Ries, is often associated with new ventures and tech startups. However, its principles—rapid experimentation, iterative development, and validated learning—are equally valuable for established companies looking to maintain relevance and drive innovation. 1. Embracing a Culture of Continuous Innovation Large companies can become...

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Dacey Rankins

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2025-03-10 17:30:00 -

How Do I Measure Progress in a Lean Startup?
In a Lean Startup, progress isn’t measured by traditional business metrics like total revenue or market share. Instead, progress is tracked through learning and validated insights that help refine the product, strategy, and growth model. One of the key methods for measuring progress is innovation accounting, which involves defining, measuring, and communicating key metrics that drive...

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Dacey Rankins

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2025-03-07 13:49:31 -

What Is a Minimum Viable Product (MVP)?
A Minimum Viable Product (MVP) is the simplest version of a product that allows a team to collect the maximum amount of validated learning about customers with the least effort. The concept, popularized by Eric Ries in The Lean Startup, helps startups test ideas, reduce risks, and refine products based on real user feedback before investing significant resources. Why Is an MVP Important?...

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Dacey Rankins

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2025-03-07 13:47:35 -

What Is the Lean Startup Methodology?
The Lean Startup methodology is a systematic approach to developing new products and businesses. It emphasizes rapid experimentation, validated learning, and iterative releases to efficiently meet customer needs. Originally introduced by Eric Ries in his book The Lean Startup, this methodology helps startups minimize risks, optimize resources, and create products that truly resonate with their...

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