Lean startup

leanpivotlean start-uppivotedeffectively develop, and validatelean start-up methodologyPivot (Lean Startup)
Lean startup is a methodology for developing businesses and products that aims to shorten product development cycles and rapidly discover if a proposed business model is viable; this is achieved by adopting a combination of business-hypothesis-driven experimentation, iterative product releases, and validated learning.wikipedia
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Startup company

startupstartupsstartup companies
Central to the lean startup methodology is the assumption that when startup companies invest their time into iteratively building products or services to meet the needs of early customers, the company can reduce market risks and sidestep the need for large amounts of initial project funding and expensive product launches and failures.
A startup or start up is a company or project initiated by an entrepreneur to seek, effectively develop, and validate a scalable business model.

Steve Blank

customer developmentcustomer development frameworkSteve G. Blank
The lean startup methodology is based on the customer development methodology of Silicon Valley serial entrepreneur-turned-academic Steve Blank.
Blank is recognized for developing the customer development method that launched the lean startup movement, a methodology which recognized that startups are not smaller versions of large companies, but require their own set of processes and tools to be successful.

Validated learning

Lean startup is a methodology for developing businesses and products that aims to shorten product development cycles and rapidly discover if a proposed business model is viable; this is achieved by adopting a combination of business-hypothesis-driven experimentation, iterative product releases, and validated learning.
The term coined in the lean startup scene, but it can be applied universally.

The Lean Startup

Lean StartupThe Lean Startup: How Today's Entrepreneurs Use Continuous Innovation to Create Radically Successful Businesses
In his blog and book The Lean Startup, entrepreneur Eric Ries used specific terms to refer to the core lean startup principles.
The Lean Startup: How Today's Entrepreneurs Use Continuous Innovation to Create Radically Successful Businesses is a book by Eric Ries describing his proposed lean startup strategy for startup companies.

Eric Ries

In his blog and book The Lean Startup, entrepreneur Eric Ries used specific terms to refer to the core lean startup principles.
Eric Ries (born September 22, 1978) is an American entrepreneur, blogger, and author of The Lean Startup, a book on the lean startup movement.

Minimum viable product

MVPsmallest useful orbital rocket
When a startup company cannot afford to have its entire investment depend upon the success of a single product or service, the lean startup methodology proposes that by releasing a minimum viable product that is not yet finalized, the company can then make use of customer feedback to help further tailor the product or service to the specific needs of its customers.

Discovery-driven planning

In an article published in the Harvard Business Review in 2013, Steve Blank described how the lean startup methodology also drew inspiration from the work of people like Ian C. MacMillan and Rita Gunther McGrath who developed a technique called discovery-driven planning, which was an attempt to bring an entrepreneurial mindset to planning.
Discovery-driven planning has been widely used in entrepreneurship curricula and has recently been cited by Steve Blank as a foundational idea in the lean startup methodology

IMVU

The phrase was coined by Timothy Fitz, one of Ries's colleagues and an early engineer at IMVU.
It was also known as one of the leading practitioners of the lean startup approach.

Dropbox (service)

DropboxDrop BoxDropbox, Inc
Prominent high-tech companies have begun to publicly employ the lean startup methodology, including Intuit, Dropbox, Wealthfront, Votizen, Aardvark, and Grockit.
A May 2010 report in The Wall Street Journal said that "since [founder Drew Houston] started reading Eric Ries' Lean startup blog about a year ago, the company has started trickling out new features when they are ready instead of waiting to launch a fully featured product. That helps test customer appetite, he says, dubbing the practice "minimum viable product".

Presidential Innovation Fellows

Presidential Innovation Fellow
In May 2012, Ries and The White House announced the Presidential Innovation Fellows program, which brings together top citizen innovators and government officials to work on high-level projects and deliver measurable results in six months.
In contrast, the Presidential Innovation Fellows are tasked with leading highly accelerated tactical and technical projects, with many of the projects rapidly delivering new functioning systems, processes, and software applications using principles derived from Lean Startup methodology.

Product/market fit

product-market fitproduct/market-fit
This rapid iteration allows teams to discover a feasible path towards product/market fit, and to continue optimizing and refining the business model after reaching product/market fit.

Todd Park

Todd Y. Park
Ries has worked with the former and current Chief Technology Officers of the United States—Aneesh Chopra and Todd Park respectively—to implement aspects of the lean startup model.
He was an advocate for applying open innovation and the Lean Startup approach to government initiatives.

Methodology

methodologicalmethodologiesresearch methodology
Lean startup is a methodology for developing businesses and products that aims to shorten product development cycles and rapidly discover if a proposed business model is viable; this is achieved by adopting a combination of business-hypothesis-driven experimentation, iterative product releases, and validated learning.

Software development process

software development methodologydevelopment cyclesoftware development life cycle
Lean startup is a methodology for developing businesses and products that aims to shorten product development cycles and rapidly discover if a proposed business model is viable; this is achieved by adopting a combination of business-hypothesis-driven experimentation, iterative product releases, and validated learning.

Business model

business modelsmodeloperating model
Lean startup is a methodology for developing businesses and products that aims to shorten product development cycles and rapidly discover if a proposed business model is viable; this is achieved by adopting a combination of business-hypothesis-driven experimentation, iterative product releases, and validated learning.

Hypothesis

hypotheseshypotheticalhypothesized
Lean startup is a methodology for developing businesses and products that aims to shorten product development cycles and rapidly discover if a proposed business model is viable; this is achieved by adopting a combination of business-hypothesis-driven experimentation, iterative product releases, and validated learning.

Lean manufacturing

Leanlean productionLean management
Similar to the precepts of lean manufacturing and lean software development, the lean startup methodology seeks to eliminate wasteful practices and increase value-producing practices during the earliest phases of a company so that the company can have a better chance of success without requiring large amounts of outside funding, elaborate business plans, or a perfect product.

Lean software development

leanLean EngineeringOptimize the whole
Similar to the precepts of lean manufacturing and lean software development, the lean startup methodology seeks to eliminate wasteful practices and increase value-producing practices during the earliest phases of a company so that the company can have a better chance of success without requiring large amounts of outside funding, elaborate business plans, or a perfect product.

Performance indicator

key performance indicatorkey performance indicatorsmetrics
This is done primarily through two processes, using key performance indicators and a continuous deployment process.

Toyota Production System

Toyotism20th Centuryproduction system
The Toyota Production System pioneered by Taiichi Ohno combined flow principles that had been used by Henry Ford since the early 1900s with innovations such as the TWI programs introduced to Japan in 1951.

Taiichi Ohno

Ohno, Taiichi
The Toyota Production System pioneered by Taiichi Ohno combined flow principles that had been used by Henry Ford since the early 1900s with innovations such as the TWI programs introduced to Japan in 1951.

Henry Ford

FordHenry Ford IFord, Henry
The Toyota Production System pioneered by Taiichi Ohno combined flow principles that had been used by Henry Ford since the early 1900s with innovations such as the TWI programs introduced to Japan in 1951.

Training Within Industry

Training Within Industry (TWI)TWI
The Toyota Production System pioneered by Taiichi Ohno combined flow principles that had been used by Henry Ford since the early 1900s with innovations such as the TWI programs introduced to Japan in 1951.

Harvard Business Review

The Harvard Business ReviewHarvard Business Review PressHBR
In an article published in the Harvard Business Review in 2013, Steve Blank described how the lean startup methodology also drew inspiration from the work of people like Ian C. MacMillan and Rita Gunther McGrath who developed a technique called discovery-driven planning, which was an attempt to bring an entrepreneurial mindset to planning.