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Lessons Learned by Eric Ries Sunday, September 7, 2008 CustomerDevelopment Engineering Yesterday, I had the opportunity to guest lecture again in Steve Blank s entrepreneurship class at the Berkeley-Columbia executive MBA program. Its a nice complement on the product engineering side to his customerdevelopment methodology.
Or if you’re building consumer electronics the key activities might be: low cost hardware design, high volume manufacturing, user interface design, consumer branding and retail distribution. Therefore the ideal medical device team might be a physician; engineer; operator; business development/financial analyst. CustomerDevelopment'
Part 4: This Will Save us Years – Customer Discovery in Medical Devices. Part 5: Value proposition and customer segments in Life Sciences. Part 6: Distribution channels in Life Sciences. Part 8: When Customers Make You Smarter : Customer Discovery in Digital Health. Mira Medicine and Multiple Sclerosis.
For manufacturing startups, here are several ways to achieve effective supply chain management: Understand Your Supply Chain Elements. Transportation partners play an enormous role in the supply chain as they bring products into distribution centers and sometimes directly to customers. Manage and Mitigate Supply Chain Risk.
For those of you who have been following the discussion, a Lean Startup is Eric Ries ’s description of the intersection of CustomerDevelopment , Agile Development and if available, open platforms and open source. The CustomerDevelopment process (and the Lean Startup) is one way to do that.
Lessons Learned by Eric Ries Friday, July 9, 2010 Founder personalities and the “first-class man&# theory of management At any given time, something like four percent of the US population is engaged in some form of new-company-creation. But I’m not convinced those labels are right at all.
Lessons Learned by Eric Ries Thursday, September 18, 2008 How to get distribution advantage on the iPhone I have had the opportunity to meet a lot of iPhone-related companies lately. There are other models, in other distribution channels. On Facebook, viral distribution has proved decisive. I havent found any yet.
—– Lean Innovation Management. Each horizon requires different focus, different management, different tools and different goals. To move innovation faster, we now have 21 st century tools — Business Model Canvas , CustomerDevelopment , Agile Engineering – all adding up to a Lean Startup.
Venture Capitalists on your board developed the expertise to get your firm public as soon as possible using whatever it took including hype, spin, expand, and grab market share because the sooner you got your billion dollar market cap, the sooner the VC firm could sell their shares and distribute their profits.
The application of agile development methodologies which dramatically reduce waste and unlock creativity in product development. See CustomerDevelopment Engineering for my first stab at articulating the theory involved) Ferocious customer-centric rapid iteration, as exemplified by the CustomerDevelopment process.
To shed some light, I talked with kaChing , a destination that enables individual investors to find outstanding money managers to manage their money. kaChing launched a virtual portfolio management game on Facebook in January 2008 and a similar version shortly thereafter on kaChing.com.
So what does CTO mean, besides just "technical founder who really cant manage anyone?" I always assumed I wouldnt manage anybody. Being a manager didnt sound fun - deep down, who really wants to be held accountable for other peoples actions? So I wound up learning the discipline of managing other people.
They bought distribution and engineering talent. I like EdgeCast and spent time with the management team. My take was that this follows three trends: a) customer involvement in product design, b) mass customization [e.g. Twitter bough their most used iPhone client. No big surprise. Good deal for all.
I had the opportunity to pioneer this approach to funnel analysis at IMVU, where it became a core part of our customerdevelopment process. To promote this metrics discipline, we would present the full funnel to our board (and advisers) at the end of every development cycle. How to listen to customers, and not just the loud.
One is explaining the world as it used to work: the importance of gatekeepers, the scarcity implied by limited distribution, and the resulting quality bar that the industry is so proud of. Mostly it is the time and expense required to create the means of distribution for that industry. It’s just taking some longer than others.
The chart above shows age distribution within major social networks and online communities. Lean Business: Capacity Management, Overhead, and Your Business – [link]. Bad CustomerDevelopment Questions and How to Avoid My Mistakes – [link]. Here are some of the links that I’ve liked and shared this past week!
I am convinced one of Joel Spolskys lasting contributions to the field of managing software teams will turn out to be the Joel Test , a checklist of 12 essential practices that you could use to rate the effectiveness of a software product development team. Amazing lean startup resources Is Entrepreneurship a Management Science?
Those rates gave us a map that told us a lot about our customers; insights that proved stable even when the company grew orders of magnitude bigger. Only much later did I realize that this was an application of customerdevelopment to online marketing. Amazing lean startup resources Is Entrepreneurship a Management Science?
Even the most radical Bell Curve -style thinkers have to concede that even if there are differences between men and women in the distribution of these traits on average, these curve have substantial overlap, and there should still be a lot more of them represented in high-tech startups. Thats understandable - its embarrassing!
Management in the Transition. What lies ahead, however, is a different set of challenges: finding the new set of mainstream customers on the other side of the chasm and managing the sales growth curve. These new challenges require a different set of management and leadership skills. The reason?
The Entrepreneur’s Guide to CustomerDevelopment ► June (3) What is a startup? Amazing lean startup resources Is Entrepreneurship a Management Science? Thoughts on scientific product development Lo, my 5 subscribers, who are you? How to listen to customers, and not just the loud.
It is becoming easier and cheaper for companies to bring products to market, leveraging free and open source software , cloud computing, open social data (Facebook, OpenSocial ), and open distribution (AdWords, SEO). Agile software development. Customerdevelopment. This speeds up the Ideas-Code-Data feedback loop.
The Entrepreneur’s Guide to CustomerDevelopment ► June (3) What is a startup? Amazing lean startup resources Is Entrepreneurship a Management Science? Thoughts on scientific product development Lo, my 5 subscribers, who are you? How to listen to customers, and not just the loud.
The cost of creating new companies is falling rapidly, and access to markets, distribution, and information is within the reach of anyone with an internet connection. The reason is that the underlying theory that powers established business, the theory of general management, is increasingly inadequate for managing startups.
The Entrepreneur’s Guide to CustomerDevelopment ► June (3) What is a startup? Amazing lean startup resources Is Entrepreneurship a Management Science? Thoughts on scientific product development Lo, my 5 subscribers, who are you? How to listen to customers, and not just the loud.
They are gaining valuable customer data. These founders have not managed, to borrow a phrase from Steve Blank , to create a scalable and repeatable sales process. Instead, each potential customer has to go through a self-serve process of signing up and paying money. They are closing orders. They are close to breakeven.
The Entrepreneur’s Guide to CustomerDevelopment ► June (3) What is a startup? Amazing lean startup resources Is Entrepreneurship a Management Science? Thoughts on scientific product development Lo, my 5 subscribers, who are you? How to listen to customers, and not just the loud.
The cost of creating new companies is falling rapidly, and access to markets, distribution, and information is within the reach of anyone with an Internet connection. The cost of creating new companies is falling rapidly, and access to markets, distribution, and information is within the reach of anyone with an Internet connection.
The Entrepreneur’s Guide to CustomerDevelopment ► June (3) What is a startup? Amazing lean startup resources Is Entrepreneurship a Management Science? Thoughts on scientific product development Lo, my 5 subscribers, who are you? How to listen to customers, and not just the loud.
Product management is a fulltime job and if your product needs work before you want to throw people at it, it’s worth the time investment and focus. It’s the kind of thing you can repeat in an elevator, simple to understand , universally applicable , and, most importantly, doesn’t burden your tech team with a lot of customdevelopment.
I originally thought I might get some development process tips (I managedevelopers), but I find that Im really enjoying your business tips (SEM, listening to customers, etc.). The Entrepreneur’s Guide to CustomerDevelopment ► June (3) What is a startup? Posted item in Facebook news feed.
So we tried to craft a strategy that would give us the product development leverage we needed to serve all customers. We combined three tactics: extensive use of free software, an open platform for user-generated content, and leveraged distribution channels. It has to be found and managed. Leveraged distribution channels.
What about companies, like Siebel, that started with partner distribution first? For more on how to figure out which question applies in which context, see Business ecology and the four customer currencies.) It’s the difference between asking “how should we best solve this problem for these customers?&#
If you don’t have customers, our articles on customerdevelopment and how to write compelling copy without customers can help you get started. Beyond improving headlines and images on Twitter, it’s vital to distribute content when followers are most likely to see it. This post contains video, click to play].
If you don’t have customers, our articles on customerdevelopment & writing compelling copy when you don’t have any customers , to help you to start getting people to buy. Recommended Reading: It’s Not a Conversion Problem, It’s a CustomerDevelopment Problem.
” What spurred this blog post was someone who wrote exactly what I quoted above, in the space of project-management (PM) tools. Who knows if they’re good ideas, but at least they are actual ideas, actual proposals, in that they define “better:” PM tools assume you already know about project management.
The Entrepreneur’s Guide to CustomerDevelopment ► June (3) What is a startup? Amazing lean startup resources Is Entrepreneurship a Management Science? Thoughts on scientific product development Lo, my 5 subscribers, who are you? How to listen to customers, and not just the loud.
However, I will then argue that while these methods are necessary to managing new ventures inside a company, they are insufficient. Filed under: Big Companies versus Startups: Durant versus Sloan , CustomerDevelopment. Big Companies versus Startups: Durant versus Sloan CustomerDevelopment'
Lessons Learned by Eric Ries Monday, September 1, 2008 Test-Driven Development as andon cord You cannot control what you cannot see, and the hardest part of managing software projects is that the final product is so intangible. The Entrepreneur’s Guide to CustomerDevelopment ► June (3) What is a startup?
Customer Validation needs to have the CEO actively involved. CustomerDevelopment Diagnostics over Lunch. Do we have a workable sales and distribution channel? Filed under: CustomerDevelopment , CustomerDevelopment Manifesto. Startup CEO’s can’t delegate sales and expect it to happen.
Lean Startup Circle Boston – Meetup dedicated to the lean startup and customerdevelopment methodology. BitSight - Risk Management (backed by Flybridge and Menlo). Gridco Systems – Power Distribution Systems (backed by General Catalyst and Northbridge). Great for recent grads or career switchers.
How do they connect with a new generation of customers who had no brand loyalty? How to they use the new distribution channels competitors have adopted? How do they make these transitions without alienating and losing their existing customers, distribution channels and partners?
Every year, our team conducts more than 500 customerdevelopment calls to understand what challenges the community is facing. Prerna began her startup journey after leaving a job as a management consultant, and launched Yaari, a youth-oriented social network in India. Here are some of our favorites: 1.
but its really about how to manage your effort between what he calls the frontlist and backlist. The Entrepreneur’s Guide to CustomerDevelopment ► June (3) What is a startup? Amazing lean startup resources Is Entrepreneurship a Management Science? How to listen to customers, and not just the loud.
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