” Be More Innovative”, “Stop Wasting people’s time” and “Be More Successful”, etc. These are the benefits from the Lean Startup approach. If we go back to the old “Lean” approaches used in the manufacturing days these are the similar things you would have heard. May be instead of Innovation it was more of “process improvements”. Lean Startup approach would have come with more focus on how to launch a startup successfully. But I think this approach is applicable for large companies, SMBs and startups. Even this is applicable in any personal projects.
Earlier days large companies used to take their own time to build products and take it to the market. They had to cross all the internal bureaucracy and complexities before they can launch a product. Since most of those big companies had the luxury of either monopoly or dominance in certain areas they could take their own time. Now the product or service need to be taken to the market ASAP otherwise it won’t be valid any more.
So this approach is applicable every where. Most costly failures could be avoided using Lean Start up approach if one follows religiously. But I think when it comes to practicality people and organization they try to follow old patterns hence the failures continues. Like Design Thinking, Lean Start up should be practiced at personal level and business level to really see the benefits.
YK
