READ AND LEARN
The Lean Start up
"The Lean Startup: How Today's Entrepreneurs Use Continuous Innovation to Create Radically Successful Businesses" written by Eric Ries.
Today’s reading pick:
"The Lean Startup: How Today's Entrepreneurs Use Continuous Innovation to Create Radically Successful Businesses" is written by Eric Ries. He is an entrepreneur, author and speaker. He is the creator of the Lean Startup methodology and has advised startups, venture capitalists and large companies around the world. He is also the author of "The Startup Way" and "The Lean Entrepreneur”
The book provides a guide for entrepreneurs and business leaders on how to create and run successful startups using the Lean Startup methodology. The book argues that traditional startup methods are no longer effective in today's fast-paced, uncertain business environment and that a new approach is needed. The Lean Startup methodology is characterized by a focus on customer feedback, rapid experimentation, and continuous learning.
The book covers a wide range of topics, including how to create a culture of innovation, how to identify and prioritize customer needs, how to build and test minimum viable products, and how to measure and improve performance. The author also provides practical guidance on how to implement Lean practices in startups, including how to overcome resistance to change and how to scale Lean practices across the startup.
Key takeaways from the book:
The Lean Startup methodology is a powerful way for entrepreneurs to create and run successful startups.
To be successful, startups must create a culture of innovation that values customer feedback, rapid experimentation, and continuous learning.
Identifying and prioritizing customer needs is critical to success.
Building and testing minimum viable products is a key Lean practice that helps startups validate customer needs and preferences.
Measuring and improving performance is essential to ongoing success.
Scaling Lean practices across the startup is crucial for success.
Resistance to change is a common obstacle to the adoption of Lean practices, but it can be overcome with the right approach.
Lean Startup methods are not only for new ventures, but also can be used in established businesses to drive innovation.
Lean practices can be applied to a wide range of functions, including product development, sales, marketing, and customer service.
Continuous learning is the key to ongoing success with the Lean Startup approach.
Enjoy the read and have fun learning!
Taiichi Ohno
Reading Pick of the day!Toyota Production System - beyond large scale production. Written by the famous mechanical engineer - Taiichi Ohno.
Today’s reading pick:
Taiichi Ohno - Toyota Production System Beyond large scale production
Taiichi Ohno composed this fundamental book in 1978. As one of Toyota Motor Company's first mechanical designers, he was enlivened by the standards created by Toyota's author Toyoda Kiichirō. Part manual and part philosophical composition on productivity, Ohno's aide respects the Japanese auto trailblazer's developments in assembling. This 1988 release deciphers the first Japanese form into English. Its outline of the Toyota fabricating cycle will engage history specialists and to every one of those inspired by the "without a moment to spare" ethos that presently overwhelms the globalized economy.
Take-Aways
Toyota changed Ford's mass production system to incorporate "just-in-time" manufacturing
Toyoda Kiichirō made "Toyotaism" during the 1930s, setting the norm for Japanese auto fabricating
American grocery stores propelled Toyota's creative, in the nick of time creation framework
The kanban - or billboard - is a bunch of directions that decide the progression just-in-time manufacturing
"Smoothing production” flattens the "ups and downs" that lead to failure
Right away, laborers opposed evolving from "one operator one machine" to "one operator, many machines in various cycles”
The in the nick of time framework plans to wipe out squander at each phase of creation
Utilizing a norm "work sheet" assists supervisors with running the Toyota Production System
The just-in-time point of view empowers supervisors, mid mgmt. and operators to embrace flexibility
Enjoy the read and have fun learning!
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