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Lean Start Up:Why Is It Different?
What Is It?
•Prefer experimentation than finished planning •Suggestions from customers are priority•Repetitive designs over traditional
Benefits
• A faster pace leads to faster results (if the startup is successful)
•Observe and measure real customer behaviors• Beginning experiments will cost lower than the
traditional startup
Criticism
•More experiments will cost lots of sources and funding
• Time wasting if the experiments are dissatisfied• It’s riskier than the traditional one because lack of
planning
Conclusion
•Good for beginner entrepreneurs with low budget but have many ideas•But for experienced entrepreneurs, lean
startup will cost higher because of design and products complexity
References
• http://steveblank.com/2013/05/06/free-reprints-of-why-the-lean-startup-changes-everything/
• https://nanodome.wordpress.com/2011/10/05/lean-startups-suck-here-are-10-reasons-why/