Thanks to Anil Sharma for his suggestion that I find out more about Eric Ries's The Lean Startup. In these couple of videos, below, lies great learning – for ALL kinds of projects that face uncertainty. (This also includes climate "science" and its predictions. And virtually every human endeavour excluding perhaps the job of a bank teller in State Bank of India (until India collapses due to socialism)).
Key definition: A startup is a human institution creating a new product or service under conditions of extreme uncertainty. In that sense, India Policy Institute is a startup, FTI is a startup, Freedom Party of India is a startup, Citizens' Government is a startup. Govrank is a startup. All these organisations can do with a reality check.
You can rapidly skip large parts of the second one now:
Key take home messages:
- Innovation involves FOCUSING on success, and validating your assumptions about the CUSTOMER as soon as possible. ["Ferocious customer-centric rapid iteration"] ["lean startups focus on validating their riskiest assumptions first"] ["Lean startups are driven by a compelling vision, and they are rigorous about testing each element of this vision against reality."] ["getting out from behind you computer and talking to real people"]
- Innovation involves PIVOTING (or rapidly switching AWAY) from a path that is not yielding great customer uptake ["pivot away from the elements of the vision that are delusional']
- Innovation does NOT mean asking customers what they want, but checking how they behave, what they DO. It is scientific and experimental. It does NOT rely on what people say.
- Organisations should build platforms (sandboxes) for projects that start and remain SMALL while they do a reality check. Good learnings from such small projects must be rewarded.
Lean Startup principles
Here's a link to the principles.
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