Lean Startup is a methodology for developing businesses and products that aims to shorten the product development cycle and reduce waste. It was introduced by Eric Ries in his book "The Lean Startup" in 2011.
The Lean Startup methodology is based on several principles:
The Lean Startup methodology has several benefits:
While the Lean Startup methodology has many benefits, it also has some challenges:
The Lean Startup methodology is a powerful tool for startups and established companies alike. By focusing on validated learning, building MVPs, and iterating quickly, startups can reduce risk, shorten time to market, and increase innovation. While there are challenges to adopting the Lean Startup methodology, the benefits are well worth the effort.