A 5 Minute Overview Of
The Startup Way
How Modern Companies Use Entrepreneurial Management to Transform Culture & Drive Long-Term Growth
About the Author
Eric Ries is an entrepreneur, blogger and founder of the Lean Startup methodology. After founding a couple of his own companies, Eric Ries joined venture capital firm Kleiner Perkins as a venture advisor and later as an independent adviser for high-tech startups. He also served as entrepreneur—in-residence at Harvard Business School. Based on his experiences with startups, Eric Ries wrote The Lean Startup to put forward the concepts and methodologies of acquiring rapid customer feedback on product prototypes. The book was a bestseller and has since led to a number of other books based on the Lean Startup philosophy and management system. He is a graduate of Yale University.
The Main Idea
How do you go about harnessing the talents and creativity of all your employees and not just your managers? Or put another way, how do you make ongoing continuous innovation focused on long-term results happen? "The Startup Way" is the answer to these questions. It's a blend of conventional management practices and lean startup methodologies. You empower everyone to be more entrepreneurial by allocating organizational resources in savvy ways and then following through on the results achieved.
The Startup Way embodies five key operational principles:
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