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With a singular focus on building unicorns, very rapid growth has been a key metric. Silicon Valley’s conventional model is to integrate local experienced engineering, productdevelopment, and marketing people for the big push. Manage risk – don’t just “move fast and break things.”
Lessons Learned by Eric Ries Wednesday, December 23, 2009 Why vanity metrics are dangerous In a previous post, I defined two kinds of metrics: vanity metrics and actionable metrics. In this post, Id like to talk about the perils of vanity metrics. My personal favorite vanity metrics is "hits."
With a singular focus on building unicorns, very rapid growth has been a key metric. Silicon Valley’s conventional model is to integrate local experienced engineering, productdevelopment, and marketing people for the big push. Manage risk – don’t just “move fast and break things.”
Lessons Learned by Eric Ries Sunday, October 5, 2008 The productmanagers lament Life is not easy when youre working in an old-fashioned waterfall development process, no matter what role you play. The productmanager was clearly struggling to get results from the rest of the team. Frustration is mounting.
Building your public image and presence should start even before productdevelopment, through your website, logo, and blogging. You don’t have to be a heavily funded later stage startup to get access to “big data,” customer analytics, and metrics dashboards. Set milestones and manage to those targets.
How dare you,” the fab manager said. “We We shut down production to setup your machine.” The supplier’s CEO directed his business unit general managers to take a SyncDev workshop. Though development was already underway, I kicked-off SyncDev in early November. We did a quick overview of the product. Please leave!”.
He wrote a post this long weekend on how he manages the board of DataSift. In this period (less than 2 years) he has brought on incredibly talented senior execs is sales, marketing, productmanagement, client services, finance, vp engineering and more. Rob Bailey is the CEO of DataSift. You should read it. It is really working.
And this is the productmanager who dictates the strategies and processes, controls the product’s lifecycle and ensures that it meets all the set demands. One reason productmanagement is such an appealing career is you get to sit at the intersection of technology, business, and design.”. necessary product.
Board meeting gets scheduled Nobody thinks too much about it until a week or two before Management team has a last-minute scramble to pull materials together Management is super focused on its daily work of … winning customers, signing biz dev, shipping product … so this prep is a last minute “fire drill” and is seen as a slight distraction.
Lessons Learned by Eric Ries Sunday, April 26, 2009 Productdevelopment leverage Leverage has once again become a dirty word in the world of finance, and rightly so. But I want to talk about a different kind of leverage, the kind that you can get in productdevelopment. It has to be found and managed. Great post!
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.
Through rapid experimentation, short productdevelopment cycles, and rigorous measurements of the right metrics, they can ascertain what customers really want. Customer development (the understanding of customer needs) must be married to agile development (a process which drives waste out of productdevelopment).
Building your public image and presence should start even before productdevelopment, through your website, logo, and blogging. You don’t have to be a heavily funded later stage startup to get access to “big data,” customer analytics, and metrics dashboards. Set milestones and manage to those targets.
Think about the implications of each to your own business, and the potential impact of getting them done incorrectly, or forgetting to do them entirely: Manage your financials and physical assets. Productdevelopment process. Manage human resources. If you are contracting or outsourcing, this is even more important.
Lessons Learned by Eric Ries Monday, September 22, 2008 Thoughts on scientific productdevelopment I enjoyed reading a post today from Laserlike (Mike Speiser), on Scientific productdevelopment. I agree with the less is more productdevelopment approach, but for a different reason. Now that is fun.
We have to manage to learn something from our first product iteration. In a lot of cases, this requires a lot of energy invested in talking to customers or metrics and analytics. Without further ado, the video: Slides are below: Minimum Viable Product View more presentations from Eric Ries.
Lessons Learned by Eric Ries Thursday, January 7, 2010 Is Entrepreneurship a Management Science? My explicit goal in working with HBR is to foster a dialog between entrepreneurs and more traditional general managers. Is Entrepreneurship a Management Science? - Is Entrepreneurship a Management Science? Without further ado.
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.
The application of agile development methodologies which dramatically reduce waste and unlock creativity in productdevelopment. See Customer Development Engineering for my first stab at articulating the theory involved) Ferocious customer-centric rapid iteration, as exemplified by the Customer Development process.
Capturing and analyzing data enables companies to get insights that benefit their companies in cost-saving, relevant marketing, productdevelopment, etc. Instead of pursuing management and business studies, students are more interested to know how to become a data analyst.
Focus on the output metrics of that part of the product, and you make the problem a lot more clear. I had the opportunity to pioneer this approach to funnel analysis at IMVU, where it became a core part of our customer development process. Amazing lean startup resources Is Entrepreneurship a Management Science?
Lessons Learned by Eric Ries Tuesday, March 24, 2009 The metrics and levers of engagement, presentation on Engagement Loops for Facebook Developer Garage SF Ill be presenting a talk at the Facebook Developer Garage SF Wednesday evening. What good are these metrics if they dont help guide product or business decisions?
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 productdevelopment team. Amazing lean startup resources Is Entrepreneurship a Management Science?
Ever since that time, I have struggled to explain how the feedback loop in customer development should interface with the feedback loop in productdevelopment. Eric Ries Lean Startup Schematic View Of Agile Development And Customer Development View more presentations from Eric Ries. I used to be one of them.
This is the first post that moves into making specific process recommendations for productdevelopment. You can view previous essays in this series here: Is Entrepreneurship a Management Science? Two Ways to Hold Entrepreneurs Accountable Beware of Vanity Metrics For Startups, How Much Process Is Too Much?
Similar results apply in productmanagement, design, testing, and even operations. Luckily, I now have the benefit of a forthcoming book, The Principles of ProductDevelopment Flow. Labels: five whys root cause analysis , productdevelopment 11comments: Peter Severin said. Interesting post.
It outlines four major growth strategies: market penetration , market development , productdevelopment , and diversification. For example, in 2021 accounting software platform Bill.com acquired spend management tool Divvy in order to increase its market share. Productdevelopment. New channels.
At least, not in the traditional sense of trying to squeeze every tenth of a point out of a conversion metric or landing page. In fact, the curse of productdevelopment is that sometimes small things make a huge difference and sometimes huge things make no difference. For example, I’m a big believer in split-testing.
If you don’t understand your key financial metrics, you have no way of monitoring your business’s health—and you risk mingling assets, incurring penalties for filing taxes late, overlooking expenses, and running into difficulties paying bills and employees, just to mention a few! Each article will give you: A brief definition of the metric.
In a startup, both the problem and solution are unknown, and the key to success is building an integrated team that includes productdevelopment in the feedback loop with customers. 2008 09 06 Eric Ries Haas Columbia Customer Development Engineering View SlideShare presentation or Upload your own.
Every board meeting, the metrics of success change. Their product definition fluctuates wildly – one month, it’s a dessert topping, the next it’s a floor wax. These founders have not managed, to borrow a phrase from Steve Blank , to create a scalable and repeatable sales process. They are closing orders.
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.
Startups especially can benefit by using technical debt to experiment, invest in process, and increase their productdevelopment leverage. The biggest source of waste in new productdevelopment is building something that nobody wants. Leverage productdevelopment with open source and third parties.
Customer development is a parallel process to productdevelopment, which means that you dont have to give up on your dream. When creating a new market, expect to spend as long as two years before you manage to get traction with early customers, but enjoy the utter lack of competition. What kind of market are you in?
Because five whys kept turning up a few key metrics that were hard to set static thresholds for, we even had a dynamic prediction algorithm that would make forecasts based on past data, and fire alerts if the metric ever went out of its normal bounds. Amazing lean startup resources Is Entrepreneurship a Management Science?
When I was a manager, I was once leading a cycle post-mortem. We were talking about what went right and wrong in the companys development process, when one (relatively new) employee said something like "I noticed that problem, but I couldnt do anything about it." Utopian theoretics make great blogs but not great managers.
But I managed a few "good learning experiences" before throwing myself full-bore into IMVU. Startup Visa update ► February (5) Kiwi lean startup + Australia next Why diversity matters (the meritocracy business) Beware of Vanity Metrics (for Harvard Business Rev. So much for timing.
This finally bit us after a four month stint of development blew through its testing schedule by a factor of four: two scheduled weeks turned into two months before the product reached stability. Software development is all about managing complexity and the bigger and more mature the codebase gets, the more complex it gets.
I used to think that investments in metrics were a form of waste. Customers dont care if you have good metrics, only if you have a good product. The only reason we learned the art of metrics-based decision making at IMVU was out of necessity. Labels: productdevelopment 4comments: Doug said. Thank you Eric.
Have you developed any vision of a productdevelopment strategy? And keep in mind that the best option is to develop at least 5 domain names connected to your brand’s name to find an unoccupied domain. At least 6 team members should participate in your productdevelopment. What slogan do you see there?
Lessons Learned by Eric Ries Monday, October 6, 2008 When NOT to listen to your users; when NOT to rely on split-tests There are three legs to the lean startup concept: agile productdevelopment , low-cost (fast to market) platforms , and rapid-iteration customer development. I think Drucker said it best.
The person running the meeting does not have to be a manager or executive. You can almost hear a manager now: “sure, if you want me to spend the next six weeks setting this up, just let me know. Even in that case, we can ask the manager involved to simply spend the first hour of the six-week ideal solution.
You can view previous essays in this series here: Is Entrepreneurship a Management Science? Two Ways to Hold Entrepreneurs Accountable Beware of Vanity Metrics For Startups, How Much Process Is Too Much? You can view previous essays in this series here: Is Entrepreneurship a Management Science? Speed up or slow down?
It slows productdevelopment. The key is to connect user research to an improved user experience and, in turn, an increase in customer retention, leads, or any other metric for which C-suite members are accountable. Otherwise, your project may seem like a direct challenge to management. It costs money. Image source ).
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