I don't think I would recommend this book to a friend. It's not bad, but its not groundbreaking or anything.
The most interesting aspect was the great tips Ries presents and even though they involve a tech company, they can be applied to any company. The least interesting part is the slow stories of his boring tech company.
I have not even heard of Eric Ries's before listening to his book. I have read
Produce in small batches, test often using the right metrics, and make timely adjustments.
First, why I bought the book – the author did a great job of promoting his book by using a word which is the most popular in modern business world. Leaders of all levels everywhere around the world know this word – LEAN. But everybody got used to “Lean execution”, so my first reaction when I saw the title was – “wow, have I missed something, are there new scientific methods from Stanford I’m not aware of?” So, I bought it with high expectations of something new and then… Then there was complete disappointment. The author introduce new concept with new name selling it as a breakthrough in the science of management, but when you complete a chapter you ask yourself, so what’s new there, why old practices are called differently from what I used to. First, “Minimum Viable Product” – the concept of early introduction of a product for testing a concept is not new, it’s applicable for products with short development cycle only and very specific for few industries. So, where is breakthrough? Bigger disappointment was “Innovative Accounting” – yeah, you see another popular label – “Innovation”. But when I finished I tried to recount what was it and again – second-hand is sold as high fashion. The author keeps saying – “old accounting methods are not applicable for startups because of uncertain environment” – yes, true – but then goes narrative description of what’s been in business books for decades. And last – “Build-Measure-Learn”! What was a purpose of renaming “Plan-Do-Check-Act”?
So, in overall – it was waste of time, with only exception – now I know that I should ignore everything containing “The Lean Startup”, “Minimum Viable Product” and “Innovative Accounting”. And also – would you trust somebody whose only experience is mediocre social network startup with unclear business model? After Facebook IPO?
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The MVP is a great concept...very well thought out and to the point.
The 2 Second LEAN is more direct and focused in my opinion...
Great book on LEAN start ups...if you are starting from scratch this is the book to read right after you read 2 Second Lean by Paul Akers. This is my second favorite LEAN book. Good job Eric.
I would try another book by Ries
The book is very hard to listen to and is probably better to have a hard copy in hand
Apparently, the 'lean startup' has a large following. I had never heard of the book or the concept, but lean inspired me ever since Jeff Liker's book about Toyota.
The Lean Startup in my opinion is a totally different approach, although it borrows the concept of waste. But how waste is avoided is a different route altogether.
First, it is 'lean' under a cloud of uncertainty. The more uncertain the future (of sth) is, the better this approach works. Basically, to avoid waste is to have a clear understanding of your key assumptions, and then testing these assumptions as fast and with as little effort as possible. And of course, with a good monitoring system to understand the results of what you tested. Topline growth is not. Cohort/group and split testing is.
The book is written as a guide to startups, but it is valid with anything innovative. And thus for any business that tries to innovate something, anything. Many organisations are dissatifsfied with their innovation efforts, and this book guides you to how to improve the process.
Well worth the read. The author is not really a narrator, though. He should have left this to a professional. Not bad, but not great either.
Sure the narration was fine.
I was disappointed. This book seems to focus primarily on technology start ups. I was looking for a book that gave advice more for retail stores and restaurants. This is not the book for that.
The idea of building what customers want rather than what your team want to build for your customers sounds obvious but many get them switch around. Great info, process, and perspective. Thank you Eric
Saying I loved it would miss the point: It has profoundly changed how I think about my business, my staff... and myself. This book reveals and helps me to integrate so many of the subtle dynamics I have sensed through the running of my business. Things I thought were my own quirky ways, because they flew in the face of 'traditional business', have been intelligently portrayed as the emerging business wisdom. My future, not just that of my business(es), will never be the same!
This is an excellent guide for those willing to start or grow a business. It provides a method to measure what its important in order to create a sustainable business. Author and narrator has a great performance using very practical examples of his own experience which made more interesting the book...
As an IT dev I've read and loved Clean Code (how). As an IT manager I was very passionate about SCRUM (how). But this book puts it all in perspective and forces me to start with the (why) question, as Simon Sinek explains in his golden circle.
As Eric was narating his own book, everything began falling into place. My professional past, present en potential future.
The way Eric puts stuff I naturally feel, but never quite could quantify into a rigorous and scientific method.
I actually want to go and buy this book for everyone I know.