agile ncr : starting your business in a lean way
TRANSCRIPT
© 2013 iZenBridge | PUBLIC
Starting your
business in a lean
way
Saket Bansal
iZenBridge Consultancy Private Limited
© 2013 iZenBridge | PUBLIC
Entrepreneurship
• Entrepreneurship is about taking risk.
• Three types of uncertainty.
• Risk
• Ambiguity
• True Uncertainty
• Source: Frank H. Knight and Peter Drucker
© 2013 iZenBridge | PUBLIC
Startup
• "A startup is a human
institution designed to
create a new product or
service under conditions of
extreme uncertainty. " –
Lean Startup
© 2013 iZenBridge | PUBLIC
What Lean Has To Do ?
• It helps us learn to see
waste and remove it
systematically
© 2013 iZenBridge | PUBLIC
Failed Startup Typically Follows
• Start with a Plan
• The plan does not work
• Throw it away and follow JUST DO IT…
• For majority nothing works, It’s time to accept defeat
© 2013 iZenBridge | PUBLIC
The Cynefin Framework
Source: http://en.wikipedia.org/wiki/Cynefin
© 2013 iZenBridge | PUBLIC
Learn
• Pivot or persevere
• Pivots Require Courage
• We have done
• Customer Segment Pivot
• Customer Need Pivot
• We are still struggling
• Engine of growth
• Channel Pivot
© 2013 iZenBridge | PUBLIC
My Lean Startup Principles …
• Keeps small batch size
• Inspect and Adapt
• Focus on Innovation
• Value over growth
• Courage to Pivot
• Bring Processes
• Involve Colleagues in Decision Making
• Embrace ambiguity and uncertainty
• Keep WIP in Limits
• Optimize the Whole
© 2013 iZenBridge | PUBLIC
Stay Connected
www.youtube.com/izenbridge
@Saket_tg
+Saket.Bansal
http://www.linkedin.com/in/saketbansal