Book Review: The Lean Startup by Eric Ries: Creating growth through innovation
By 50minutes
()
About this ebook
Eric Ries’ 2011 bestseller The Lean Startup is a valuable guide for startup founders and aspiring entrepreneurs. Ries applies the methods of lean management to the creation and development of startups, with the aim of allowing users to reduce waste, optimise production processes and find out what their customers really want. The principles of his approach will help entrepreneurs to achieve sustainable growth and adapt rapidly to changes in their environment, which is vital given the uncertainty and risk which characterise most startups. The Lean Startup has won legions of devoted followers all over the world, and Ries’ innovative approach has been applied to many businesses across a wide range of sectors.
This book review and analysis is perfect for:
• Startup founders looking to ensure sustained growth
• Entrepreneurs and anyone thinking of starting a company
• Anyone interested in understanding this innovative approach to entrepreneurship
About 50MINUTES.COM | BOOK REVIEW
The Book Review series from the 50Minutes collection is aimed at anyone who is looking to learn from experts in their field without spending hours reading endless pages of information. Our reviews present a concise summary of the main points of each book, as well as providing context, different perspectives and concrete examples to illustrate the key concepts.
Read more from 50minutes
The United Nations: The Organisation at the Heart of International Diplomacy Rating: 5 out of 5 stars5/5The Eruption of Vesuvius: The Deadly Disaster of Pompeii Rating: 5 out of 5 stars5/5Transactional Analysis: A valuable tool for understanding yourself and others Rating: 3 out of 5 stars3/5Albert Camus: Existentialism, the Absurd and rebellion Rating: 5 out of 5 stars5/5The Six-Day War: The Conflict that Re-Shaped the Middle East Rating: 0 out of 5 stars0 ratingsThe Trojan War: A legendary conflict in Ancient Greece Rating: 0 out of 5 stars0 ratingsThe Battle of Thermopylae: The Heroic Fall of Leonidas I and the 300 Spartans Rating: 5 out of 5 stars5/5Opus Dei: The Secrets and Scandals of an Influential Organisation Rating: 0 out of 5 stars0 ratingsThe Yom Kippur War: The Arab-Israeli Conflict of 1973 Rating: 0 out of 5 stars0 ratingsHenry Ford: Mass Production and the Model T Rating: 0 out of 5 stars0 ratingsThe Battle of Tours: The Turning Point in the Struggle Against Islam Rating: 0 out of 5 stars0 ratingsThe Watergate Scandal: The conspiracy that brought down Nixon Rating: 0 out of 5 stars0 ratingsGeorges Lemaître: The Big Bang Theory and the Origins of Our Universe Rating: 5 out of 5 stars5/5Mindfulness: The secrets to inner peace and harmony Rating: 0 out of 5 stars0 ratingsLearn to Love Yourself: Practical steps to build confidence and self-esteem Rating: 0 out of 5 stars0 ratingsYoga for Beginners: Simple techniques to boost your wellbeing Rating: 0 out of 5 stars0 ratingsWinston Churchill: Britain’s Legendary Wartime Leader Rating: 0 out of 5 stars0 ratingsGeorge Washington: The Founding Father of the US Constitution Rating: 4 out of 5 stars4/5Magellan: The First Circumnavigation of the Globe Rating: 0 out of 5 stars0 ratingsAlbert Einstein: The Genius who Changed the Face of Physics Rating: 1 out of 5 stars1/5The Battle of Lepanto: The Brutal Defeat of the Ottoman Empire Rating: 0 out of 5 stars0 ratingsLeif Eriksson: His Forgotten Discovery of America Rating: 0 out of 5 stars0 ratingsThe Chernobyl Disaster: The Nuclear Catastrophe and its Devastating Effects Rating: 0 out of 5 stars0 ratingsThe Battle of Verdun: The Horror of Trench Warfare Rating: 0 out of 5 stars0 ratingsVasco da Gama: The Sea Route to India Rating: 0 out of 5 stars0 ratingsThe Attack on Pearl Harbor: The Attack that Shook America Rating: 0 out of 5 stars0 ratings
Related to Book Review
Titles in the series (55)
La semaine de 4 heures de Timothy Ferriss: Comment libérer ses journées pour se concentrer sur l’essentiel Rating: 1 out of 5 stars1/5The Strange Case of Dr Jekyll and Mr Hyde by Robert Louis Stevenson (Book Analysis): Detailed Summary, Analysis and Reading Guide Rating: 0 out of 5 stars0 ratingsLa Terre est plate de Thomas L. Friedman (Book Review): La mondialisation et ses mécanismes Rating: 0 out of 5 stars0 ratingsPère riche, père pauvre de Robert Kiyosaki (Book Review): L’éducation financière selon un millionnaire Rating: 5 out of 5 stars5/5Le Pouvoir de la confiance de Stephen M.R. Covey: Un paramètre ignoré de la productivité Rating: 0 out of 5 stars0 ratingsDe la performance à l'excellence de Jim Collins (analyse de livre): Comment devenir une entreprise leader ? Rating: 0 out of 5 stars0 ratingsLe point de bascule de Malcolm Gladwell: Ces petites choses qui font toute la différence Rating: 2 out of 5 stars2/5Lean Startup d'Eric Ries (Book Review): Résumé et analyse du livre d'Eric Ries Rating: 0 out of 5 stars0 ratingsPriorité aux priorités de Stephen R. Covey (Book review): Vers une meilleure gestion de son temps Rating: 0 out of 5 stars0 ratingsThe Century trilogy by Ken Follett (Book Analysis): Detailed Summary, Analysis and Reading Guide Rating: 0 out of 5 stars0 ratingsBook Review: First Things First by Stephen R. Covey: A new approach to time management Rating: 0 out of 5 stars0 ratingsBook Review: Good to Great by Jim Collins: Learn how companies achieve excellence Rating: 5 out of 5 stars5/5Book Review: Capital in the Twenty-First Century by Thomas Piketty: Understand inequality in the modern world Rating: 0 out of 5 stars0 ratingsPadre Rico, Padre Pobre de Robert Kiyosaki (Análisis de la obra): La riqueza al alcance de todos Rating: 4 out of 5 stars4/5Le capital au XXIe siècle de Thomas Piketty: Mieux comprendre les inégalités contemporaines Rating: 0 out of 5 stars0 ratingsPrimero, lo primero de Stephen R. Covey (Análisis de la obra): Hacia una gestión optimizada del tiempo Rating: 5 out of 5 stars5/5Book review : S'organiser pour réussir: Résumé et analyse du livre de David Allen Rating: 0 out of 5 stars0 ratingsLa clave del éxito de Malcolm Gladwell (Análisis de la obra): Pequeñas cosas que marcan la diferencia Rating: 4 out of 5 stars4/5La semana laboral de 4 horas de Timothy Ferriss (Análisis de la obra): Dedicarle tiempo solo a lo esencial Rating: 5 out of 5 stars5/5El factor confianza de Stephen M. R. Covey (Análisis de la obra): Un parámetro ignorado de la productividad Rating: 3 out of 5 stars3/5How to Win Friends and Influence People by Dale Carnegie: The leading guide to better communication Rating: 0 out of 5 stars0 ratingsBook Review: Rich Dad Poor Dad by Robert Kiyosaki: Take control of your financial future Rating: 0 out of 5 stars0 ratingsEmpresas que sobresalen de Jim Collins (Análisis de la obra): La excelencia empresarial a tu alcance Rating: 5 out of 5 stars5/5Book Review: Globalization and Its Discontents by Joseph Stiglitz: The dark side of globalization Rating: 0 out of 5 stars0 ratingsBook Review: The World is Flat by Thomas L. Friedman: The mechanisms of globalisation Rating: 0 out of 5 stars0 ratingsBook Review: Lean in by Sheryl Sandberg: Helping women overcome barriers and make it to the top of their field Rating: 0 out of 5 stars0 ratingsLa Tierra es plana de Thomas L. Friedman (Análisis de la obra): La globalización y sus mecanismos Rating: 4 out of 5 stars4/5
Related ebooks
Aligning the Dots: The New Paradigm to Grow Any Business Rating: 0 out of 5 stars0 ratingsMini MBA in Entrepreneurship Rating: 5 out of 5 stars5/5Business Model Renewal: How to Grow and Prosper by Defying Best Practices and Reinventing Your Strategy Rating: 0 out of 5 stars0 ratingsThe Upside (Review and Analysis of Slywotzky and Weber's Book) Rating: 0 out of 5 stars0 ratingsActionable Summary of The Lean Startup by Eric Ries Rating: 3 out of 5 stars3/5Seizing the White Space (Review and Analysis of Johnson's Book) Rating: 0 out of 5 stars0 ratingsLead and Disrupt: How to Solve the Innovator's Dilemma, Second Edition Rating: 5 out of 5 stars5/5The 10x Growth Machine: How established companies create new waves of growth Rating: 0 out of 5 stars0 ratingsThe Road Ahead (Review and Analysis of Gates' Book) Rating: 0 out of 5 stars0 ratingsChief product officer Third Edition Rating: 0 out of 5 stars0 ratingsHow to Grow When Markets Don't (Review and Analysis of Slywotzky and Wise's Book) Rating: 0 out of 5 stars0 ratingsFrom Idea to Success: The Dartmouth Entrepreneurial Network Guide for Start-Ups Rating: 0 out of 5 stars0 ratingsGroupon, The Online Discount Phenomenon: The turbulent history of a record-breaking startup Rating: 0 out of 5 stars0 ratingsPivot, Disrupt, Transform: How Leaders Beat the Odds and Survive Rating: 0 out of 5 stars0 ratingsUnleashing the Killer App (Review and Analysis of Downes and Mui's Book) Rating: 0 out of 5 stars0 ratingsHenry Ford: Mass Production and the Model T Rating: 0 out of 5 stars0 ratingsThe Long Tail Theory for Business: Find your niche and future-proof your business Rating: 0 out of 5 stars0 ratingsStimulating Your Professional Creativity: Get out of your rut and unlock your creative potential Rating: 0 out of 5 stars0 ratingsCapturing New Markets: How Smart Companies Create Opportunities Others Don’t Rating: 0 out of 5 stars0 ratingsBusiness Acumen A Complete Guide - 2021 Edition Rating: 0 out of 5 stars0 ratingsHacking SaaS: An Insider's Guide to Managing Software Business Success Rating: 0 out of 5 stars0 ratingsTakeaways: Secret Truths from Leading a Startup Rating: 0 out of 5 stars0 ratingsThe Chasm Companion: A Fieldbook to Crossing the Chasm and Inside the Tornado Rating: 0 out of 5 stars0 ratings64 Shots: Leadership in a Crazy World Rating: 0 out of 5 stars0 ratingsFALL: 16 Reasons why 90% of Start-ups Fail Rating: 0 out of 5 stars0 ratingsIs the Algorithm Plotting Against Us?: A Layperson's Guide to the Concepts, Math, and Pitfalls of AI Rating: 0 out of 5 stars0 ratingsThe Prosperity Paradox: How Innovation Can Lift Nations Out of Poverty Rating: 5 out of 5 stars5/5Isaac Newton: A Giant of Modern Science Rating: 0 out of 5 stars0 ratings
Small Business & Entrepreneurs For You
Yes!: 50 Scientifically Proven Ways to Be Persuasive Rating: 4 out of 5 stars4/5Robert's Rules of Order: The Original Manual for Assembly Rules, Business Etiquette, and Conduct Rating: 4 out of 5 stars4/5Your Next Five Moves: Master the Art of Business Strategy Rating: 5 out of 5 stars5/5Company Rules: Or Everything I Know About Business I Learned from the CIA Rating: 4 out of 5 stars4/5Overcoming Impossible: Learn to Lead, Build a Team, and Catapult Your Business to Success Rating: 5 out of 5 stars5/5The E-Myth Revisited: Why Most Small Businesses Don't Work and What to Do About It Rating: 4 out of 5 stars4/5Capital Gaines: Smart Things I Learned Doing Stupid Stuff Rating: 3 out of 5 stars3/5Starting a Business All-In-One For Dummies Rating: 4 out of 5 stars4/5The Ultimate Side Hustle Book: 450 Moneymaking Ideas for the Gig Economy Rating: 4 out of 5 stars4/5The Side Hustle: How to Turn Your Spare Time into $1000 a Month or More Rating: 4 out of 5 stars4/5How to Think Bigger: Aim Higher, Get More Motivated, and Accomplish Big Things Rating: 4 out of 5 stars4/5Built to Last: Successful Habits of Visionary Companies Rating: 4 out of 5 stars4/5The Everything Nonprofit Toolkit: The all-in-one resource for establishing a nonprofit that will grow, thrive, and succeed Rating: 0 out of 5 stars0 ratingsThe LLC and Corporation Start-Up Guide: Your Complete Guide to Launching the Right Business Rating: 5 out of 5 stars5/5Small Business For Dummies Rating: 4 out of 5 stars4/5Real Artists Don't Starve: Timeless Strategies for Thriving in the New Creative Age Rating: 4 out of 5 stars4/5What Your CPA Isn't Telling You: Life-Changing Tax Strategies Rating: 4 out of 5 stars4/5How to Grow Your Small Business: A 6-Step Plan to Help Your Business Take Off Rating: 4 out of 5 stars4/5Without a Doubt: How to Go from Underrated to Unbeatable Rating: 4 out of 5 stars4/5Bookkeeping: An Essential Guide to Bookkeeping for Beginners along with Basic Accounting Principles Rating: 4 out of 5 stars4/5The Millionaire Fastlane: Crack the Code to Wealth and Live Rich for a Lifetime Rating: 5 out of 5 stars5/5Feck Perfuction: Dangerous Ideas on the Business of Life Rating: 4 out of 5 stars4/5Summary of Timothy Ferriss' book: The 4-Hour Workweek: More time, more money, more life: Summary Rating: 5 out of 5 stars5/5Profit First (Review and Analysis of Michalowicz's Book) Rating: 5 out of 5 stars5/5The Art of Work: A Proven Path to Discovering What You Were Meant to Do Rating: 4 out of 5 stars4/5The Start Your Own Business Bible: 501 New Ventures You Can Launch Today Rating: 4 out of 5 stars4/5Wealthology: The Science of Smashing Money Blocks Rating: 3 out of 5 stars3/5
Reviews for Book Review
0 ratings0 reviews
Book preview
Book Review - 50minutes
A model of entrepreneurial success
After his first startup, Catalyst Recruiting, failed, Eric Ries opted for a completely different method, known as the lean startup, which was nonetheless criticised by the main traditional management theories.
The lean startup is adapted from a theory developed by the Japanese engineers at Toyota and emphasises the importance of reducing waste and working in small stages, with the trajectory of the company constantly rectified based on customer feedback.
After implementing these principles in his own startup, and given the interest that readers of his blog showed in the subject, Ries decided to publish The Lean Startup, which brings together the lessons he has learnt from his own experiences.
KEY INFORMATION
Reference edition: Ries, E. (2011) The Lean Startup: How Constant Innovation Creates Radically Successful Businesses. London: Penguin.
1st edition: 2011.
Author: Eric Ries is an American entrepreneur who was born in 1978. When he was 26, he cofounded the company IMVU and applied the ideas of the lean startup to it. In 2011, he published a book to outline the key principles of this method.
Field: production management and performance optimisation.
Key words:
Startup: a young, innovative company with high growth potential.
Lean manufacturing: an organisation method which involves eliminating all waste in the production process while focusing on constant progress. This philosophy was first applied at Toyota in the 1970s, before spreading to most major industrial groups.
Lean startup: the application of the