Thursday, December 19, 2013

The author of Lean Start ups, likes Management; from rapid fire innovation to "slow down and learn"

It is about getting better...'

Rizal  Philippines  |   December 19, 2013

It is 5 days before Christmas.   Merry Christmas

From Strategy + Business





Eric Ries, the author of lean start up, one of the modern thinkers on management and entrepreneurship likes management.  He espoused lean start ups:    rapid fire innovation, getting minimum viable product into the hands of the customer, rapid prototyping.

He is an entrepreneur in resident in Harvard.  He wrote a book all ready entitled  Lean Start ups - how todays innovators use continuous innovation to create radically successful business

He is an author, a blogger, venture capitalist, advisor to companies like GE and Intuit

From rapid innovator, he proposes, a management direction, to "slow down and learn" while initially proposing many to get and build.

He catalogued the things that worked and those that did not in a blog called:  Start Up Lessons Learned

The effectiveness of a startup is grounded on what he calls the boring stuff:  milestones, how to measure progress, how to prioritize.  So it does not have in a garage.  If you work elsewhere, you have to embrace the concept of a garage if you are to survive in a innovation driven economy


The Five Principles of the Lean Startup

As the name implies, the lean startup is an efficiency-minded methodology for launching new businesses, whether they are stand-alone new ventures or ventures within existing enterprises. We are reprinting Ries’s own published primer on the five principles that characterize the lean startup.
Entrepreneurs are everywhere. You don’t have to work in a garage to be in a startup.
Entrepreneurship is management.  A startup is an institution, not just a product, so it requires management, a new kind of management specifically geared to its context.
Validated learning. Startups exist not to make stuff, make money, or serve customers. They exist to learn how to build a sustainable business. This learning can be validated scientifically, by running experiments that allow us to test each element of our vision.
Innovation accounting.  To improve entrepreneurial outcomes, and to hold entrepreneurs accountable, we need to focus on the boring stuff: how to measure progress, how to set up milestones, how to prioritize work. This requires a new kind of accounting, specific to startups.
Build—measure—learn. The fundamental activity of a startup is to turn ideas into products, measure how customers respond, and then learn whether to pivot or persevere. All successful startup processes should be geared to accelerate that feedback loop.
Reprint No. 00224










Leading productive and winning meetings

It is about getting better...

Rizal Philippines  | December 19, 2013

 

From Great Leadership

According to Andrew Grove, former CEO of Intel, meetings is a powerful highly leveraged tool used by a manager to improve productivity.  Why is this so?   You have a single set up -  in one meeting you are able to get across so many people on one occasion and you can collaborate/cooperate because everybody who makes the decision could be there.  That is the time for candor and action:   no stalling, no second guessing.  You can observe the body language and the behavior of the the protagonist in full splendor.  Thus in  a meeting, you can communicate, ask for action, learn from the subordinate (this is important under utilized value of a meeting)

Meetings could be unproductive too, and ruin morale if:

1.  You are late;

2.  Take up too many things,

3.  Manage individual performance

4.  Share things that are in the email;

5.  No agenda.

From Great Leadership

 


 

5 ways to ruin a team meeting and other bookmarks from Smartbrief




From: SmartBrief on Leadership <leadership@smartbrief.com>
Date: Wed, Nov 13, 2013 at 11:45 PM
Subject: 5 ways to ruin a team meeting




I'm proud to be a micromanager, says Hertz CEO | 5 ways to ruin a team meeting | Rise of the robot negotiators


November 13, 2013
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Leading EdgeSponsored By

I'm proud to be a micromanager, says Hertz CEO
Unless leaders get down in the weeds and understand their companies, they'll never be able to come up with workable big-picture solutions, says Hertz CEO Mark Frissora. "I have to get 'too involved' in the business because I'm setting the strategy. If I don't understand the business, then I'm a poor manager and I've failed as a leader," he says. McKinsey Quarterly (free registration) (November 2013)
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5 ways to ruin a team meeting
If you want to demoralize your workers and utterly wreck a team meeting, try spending an hour and a half talking about things that could have been simply shared in an e-mail, writes Dan McCarthy. Other options: Hold meetings without any purpose, spend ages going over problems that matter only to one person, or simply breeze in without explanation 10 minutes late. "It's a slap in the face of your team members. Unfortunately, it happens all the time," McCarthy writes. Great Leadership (11/12)
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Take Charge With a Leader as Coach Certificate.
The Online Leader as Coach Certificate can help experienced and emerging leaders in any industry. Hands-on learning can make an immediate impact on your business. U.S.News & World Report ranked Butler # 2 in the Regional Universities Midwest category in the 2013 edition of "America's Best Colleges."
 

Strategic Management

Rise of the robot negotiators
Researchers are working on artificial intelligence that can negotiate business deals and make strategic calculations in the same way as humans. Computers can be taught to collaborate and engage constructively with people, and in some areas can teach human negotiators a thing or two, writes researcher Horacio Falcao. "Even the more subjective elements of negotiations such as trust and a statement of invitation to share priorities can be transferred to computers in a successful way," he writes. Knowledge.Insead.edu (11/13)
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Cloud Computing 101: It's a Brave New Virtual World
For small-business owners, it can be challenging to choose from the variety of digital tools available, particularly with increased concerns of data security, privacy and ownership. One of the most convenient and easily accessible digital tools available is cloud computing. In this white paper from American Express OPEN, learn how cloud computing can make running a small business faster, easier and more manageable. Download the free white paper now.


Innovation and Creativity

How to turn your company into a lean startup
Getty Images for TechCrunch
Companies need to change their accounting and accountability paradigms to foster real innovation, says Eric Ries, author of "The Lean Startup." Innovation comes when companies allow the right teams the license to explore specific problems without having to generate immediate profit. "I guarantee you these teams will produce a more innovative culture, and that culture will allow you to attract and retain the best people in those teams," Ries says. Strategy+Business magazine (free registration) (Winter 2013)
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Incremental innovation could help you build the next iPhone
Even commercial breakthroughs such as the iPhone came about because of accumulated incremental changes that made existing ideas more marketable, writes Sandeep Kishore. Most paradigm-changing ideas "often started with a basic platform. ... Once these ideas were further improved and enhanced, the path was paved to enable their widespread use and subsequent monetization of these innovations," Kishore writes. Wired.com/Innovation Insights blog (11/12)
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Daren Sorenson on millennials and the new value of shopper marketing
Digital media has changed the way and the speed in which people shop. Marketers must now provide consumers with a full buying experience both online and in-store, adding a new dimension to their jobs.

In particular, understanding the purchasing habits of millennials, who were raised with online shopping as a part of daily life, can be a challenge since many younger consumers have different expectations and approaches to buying. Read the full post.
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The Global Perspective

Made in France? Mais oui, say French shoppers
Some French companies are offering up domestically produced versions of products, including polo shirts and cola beverages, that are usually imported. Polling suggests French consumers would support homegrown businesses even if it means paying more. "We have become distracted by cheap products for too long. Now we want to put some more money down to have better quality," says Josette Dupont, who was visiting the Made in France fair. National Public Radio/Parallels blog (11/11)
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Engage. Innovate. Discuss.

Are you struggling to align your values and your decisions?
Life would be easier for everyone if leaders' noses grew, Pinocchio-style, whenever they did something that ran contrary to their companies' values, writes Jennifer V. Miller. "Of course, nose-growing only appears in children's literature. So leaders must discipline themselves to use internal guideposts to stay true to the company's culture," she writes. SmartBrief/SmartBlog on Leadership (11/12)
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SmartBrief At The Event

Bill Clinton discusses challenges facing financial industry
Bloomberg via Getty Images
In a speech at the Securities Industry and Financial Markets Association's annual meeting, former President Bill Clinton discussed the increased interconnectedness of the global economy and the challenges that the financial industry faces. "Problems with a lot of moving parts need a lot of different perspectives," Clinton said. "Creative cooperation is a better model than constant conflict." SmartBrief/SmartBlog on Finance (11/12), Bloomberg (11/12)
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Daily Diversion

Why wealthy New Yorkers love their "paid friends"
Well-heeled New Yorkers are hiring people to be their friends. Personal shoppers, fine art consultants and yoga trainers are increasingly doing double-duty as friends and companions. "Once you've had paid friends who don't argue with you, it's actually quite hard to go back to real friends," says one aficionado. The New York Observer (11/5)
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Who&amp;apos;s Hiring?
Position TitleCompany NameLocation
Legal CounselStryker CorporationSan Jose, CA
Director of Partner Accounts, West (Sales)NWEAMultiple Locations, United States
Director, Client Services HIMSS - Healthcare Information and Management Systems SocietyPortland/New Gloucester, ME
Director of Digital StrategyCrain's Chicago BusinessChicago, IL
Vice President, Federal AffairsAmerica's Health Insurance Plans (AHIP)Washington, DC
Click here to view more job listings.
 

SmartQuote

Look to the future, because that's where you'll spend the rest of your life."
-- George Burns,
American comedian
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