What is a Lean Startup?
Lean doesn’t mean cheap or small. The term actually originates from Lean Manufacturing and can best be described below:
The Lean Startup approach fosters companies that are more capital efficient and that leverage human creativity more effectively. It relies on “validated learning,” rapid scientific experimentation, as well as a number of counterintuitive practices that shorten product development cycles, measure actual progress without resorting to vanity metrics, and help us learn what customers actually want. It enables a company to shift directions with agility, altering plans inch by inch, minute by minute.
Rather than wasting time creating elaborate business plans, The Lean Startup offers entrepreneurs – in companies of all sizes – a way to test their vision continuously, to adapt and adjust before it’s too late.
– Eric Ries, The Lean Startup