Q 51-55

The lean startup approach focuses on rapid iteration and customer feedback:

• Build-Measure-Learn feedback loop

• Minimum Viable Product (MVP) development

• Customer validation before scaling

• Pivot or persevere decisions based on data

• Reducing waste and unnecessary features

Advantages:

• Faster market validation

• Lower initial costs

• Reduced risk of product-market mismatch

• More efficient resource utilization

• Faster learning cycles

Lean Canvas (Ash Maurya):

• Problem-focused

• Emphasizes customer problems and solutions

• Key metrics and unfair advantage

• Startup-oriented

Business Model Canvas (Osterwalder):

• Value proposition-focused

• Key partnerships and activities

• Cost structure and revenue streams

• Suitable for existing businesses

• More comprehensive resource planning

Lean Entrepreneurship:

• Focus on business model validation

• Customer development emphasis

• Rapid iteration of product/market fit

• Learning through experimentation

Lean Production:

• Focus on manufacturing efficiency

• Waste reduction in processes

• Quality improvement

• Supply chain optimization

• Continuous process improvement

Similarities:

• User-centered approach

• Iterative process

• Emphasis on testing

• Problem-solving focus

Differences:

• Design thinking emphasizes empathy and ideation

• Lean focuses on business model validation

• Different iteration cycles

• Different primary goals (innovation vs. validation)

Efficiency aspects:

• Minimizing waste

• Resource optimization

• Speed of execution

• Cost reduction

Effectiveness aspects:

• Finding right product-market fit

• Validating business assumptions

• Creating customer value

• Achieving desired outcomes

The lean approach balances both by ensuring efficient processes while maintaining focus on effective outcomes.