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The Lean Entrepreneur. How Visionaries Create Products, Innovate with New Ventures, and Disrupt Markets

John Wiley and Sons Ltd, March 2013, Pages: 288

You are not a Visionary… yet.

The Lean Entrepreneur shows you how to become one.

Most of us believe entrepreneurial visionaries are born, not made. Our media glorify business outliers like Bezos, Branson, Gates, and Jobs as heroes with X-ray vision who can look to the future, see clearly what will be, imagine a fully formed product or experience and then, simply make the vision real.

Many in our entrepreneur community still believe that to be visionary, we must merely execute on a seemingly good idea and ignore all doubt. With this mindset, companies build doomed products in a vacuum; enterprises make ill-fated innovation investment decisions; and employees and shareholders come along for an uncomfortable ride.

Falling prey to the Myth of the Visionary confuses talented entrepreneurs, product managers, innovators and investors. It leads us to heartbreaking, costly and preventable failures in new product and venture development.

The Lean Entrepreneur moves us beyond this myth. It combines powerful customer insight, rapid experimentation and easily actionable data from the Lean Startup methodology to empower individuals, companies, and entire teams to evolve their vision, solve problems, and create value at the speed of the Internet.

Anyone can be visionary.  The Lean Entrepreneur shows you how to: 

- Apply actionable tips, tricks and hacks from successful lean entrepreneurs. 
- Leverage the Innovation Spectrum to disrupt existing markets and create new ones. 
- Drive strategies for efficient market testing with Minimal Viable Products. 
- Engage customers with Viability Testing and radically reduce time and budget for product development. 
- Rapidly create cross-functional innovation teams that devour roadblocks and set new benchmarks. 
- Bring your organization critical focus on the power of loyal customers and valuable products you can build to serve them. Leverage instructive tools, skill-building exercises, and worksheets along with bonus online videos.

Introduction

Acknowledgements

Chapter 1: Start-Up Revolution

Big Business Turning to Government for Protection

Increased Militarism

Wealth versus Value

Which is to Say, Disruption Hurts

Black Swans, White Rats, Red Herrings

And Cue The Lean Startup

Lean Startup, Please Meet The Lean Entrepreneur

Chapter 2: Vision, Values & Culture

Vision & Values

Lean Into It: The Lean Start-Up Culture

Product Development

Marketing

Sales

Legal & Accounting

Over the Horizon: A Framework

Work To Do

Chapter 3:  All the Fish in the Sea

Know Your Audience: Why Segmentation Matters

Market Segment

Personas: Create a Fake Customer

Choosing a Market Segment

Hopefully You'll be Right. You Will be Wrong

Work To Do

Chapter 4: Wading in the Value Stream

Value Stream Discovery

Work To Do

Chapter 5: Diving in

Listen to Your Customers – or Not

Believing the Customer

Customer Interaction

Work to Do

Chapter 6: Viability Experiments

The Infamous Landing
Page

The Concierge Test

Wizard of Oz Test

Crowdfunding Test

Prototyping

Work to Do

Chapter 7: Actionable Data

New Products

Online Engagement

Offline Engagement

Sharing Product

Customer Demand

Work to Do

Chapter 8: Minimum Viable Business

Minimum Viable Product

An MVP takes guts

Work To Do

Chapter 9: The Funnel

Growth

Work To Do

Chapter 10: The Final Word

Notes

About the Authors

Index

Brant Cooper helps organizations big and small move the needle. His startup career includes Tumbleweed, Timestamp, WildPackets, inCode, and many others. He has experienced IPO, acquisition, rapid growth, and miserable failure. Brant previously authored The Entrepreneur's Guide to Customer Development, the first purpose-written book to discuss lean startup and customer development concepts, earning a distribution of over 50,000 copies. Brant has worked with hundreds of entrepreneurs across the globe and is a sought-after speaker, having presented at leading companies such as Qualcomm, Intuit, Capital One, and Hewlett-Packard. Brant is reachable @brantcooper. He lives with (and continuously learns from) his two daughters, Riva and Eliza, near Swami's in Encinitas, California.

Patrick Vlaskovits is an entrepreneur, author, and consultant, and more than anything wishes he were a polymath. His writing has been featured on the Harvard Business Review blog, the Wall Street Journal blog, and The Browser. Patrick routinely speaks at technology conferences nationally and internationally, including SXSW, GROW Conference, the Turing Festival, and the Lean Startup Conference. He co-founded two startups, currently advises multiple technology startups, and serves as a mentor for 500 Startups, a seed fund and startup accelerator. As a principal at Moves the Needle, he counts Fortune 100 companies in his client list. The Lean Entrepreneur is his second book. The first, The Entrepreneur's Guide to Customer Development, is a required course text for MBA and undergrad at universities such as the University of Chicago Booth School and Berkeley. He has also guest-lectured at Stanford and UCLA. For some unknown reason, Patrick holds a master's in economics from UC Santa Barbara. When he has spare time, he can be found on Orange County beaches with his family. Tweet at him @Pv and read his blog at vlaskovits.com.

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