RAFFIAPALM

Resources for product teams from industry experts.

This is the true promise of the Startup Way: a management system that contains within it the seeds of its own evolution by providing an opportunity for every employee to become an entrepreneur. In doing so, it creates opportunities for leadership and keeps the people best suited for leadership in the company, reduces the waste of both time and energy and creates a system for solving challenges with speed and flexibility, all of which lead to better financial outcomes. But the most important use of the Startup Way isn’t to create better and more profitable companies. It’s to serve as a system for building a more inclusive and innovative society.

— The Startup Way: How Modern Companies Use Entrepreneurial Management to Transform Culture and Drive Long-Term Growth by Eric Ries

Source: Amazon Kindle

Related Stories and Excerpts:

  1. Alignment means that managers should explicitly seek and highlight the commonality between the company’s purpose and values and the employee’s career purpose and values. Some obvious commonality emerges naturally: both sides thrive on progress. Companies want to launch new products, grow their market share, and expand into new markets; employees want to take on new responsibilities, increase their capabilities, and yes, make more money. In other words, both company and employee want to be on a winning team. But zoom in a bit more, and differences appear. Perhaps the employee has a side interest in early childhood education, but […]
  2. Continuous transformation—an organization’s capability to test and learn from experiments having to do with its own structure and processes, promoting the best-proven techniques company-wide while limiting or discarding the rest—is what will give that organization the ability to thrive in the modern era. It’s my last suggestion as an addition to the toolbox of the entrepreneurial management function. Let’s formalize and systematize that approach so that we build up a critical mass of like-minded entrepreneurs who can tackle the full heterogeneous range of challenges we’re likely to face in the twenty-first century and beyond. — The Startup Way: How […]
  3. Innovation Accounting (IA) is a way of evaluating progress when all the metrics typically used in an established company (revenue, customers, ROI, market share) are effectively zero. It provides a framework of chained leading indicators, each of which predicts success. Each link in the chain is essential and, when broken, demands immediate attention. It’s a focusing device for teams, keeping their attention on the most important leap-of-faith assumptions. It’s a common, mathematical vocabulary for negotiating the use of resources among competing functions, divisions, or regions. It provides a way to tie long-term growth and R&D into a system that […]
  4. Continuous transformation—an organization’s capability to test and learn from experiments having to do with its own structure and processes, promoting the best-proven techniques company-wide while limiting or discarding the rest—is what will give that organization the ability to thrive in the modern era. It’s my last suggestion as an addition to the toolbox of the entrepreneurial management function. Let’s formalize and systematize that approach, so that we build up a critical mass of like-minded entrepreneurs who can tackle the full heterogeneous range of challenges we’re likely to face in the twenty-first century and beyond. — The Startup Way: How […]
  5. Evolution moves toward greater complexity, greater elegance, greater knowledge, greater intelligence, greater beauty, greater creativity, greater love. And God has been called all these things, only without any limitation: infinite knowledge, infinite intelligence, infinite beauty, infinite creativity, and infinite love. Evolution does not achieve an infinite level, but as it explodes exponentially it certainly moves in that direction. So evolution moves inexorably toward our conception of God, albeit never reaching this ideal. — The Singularity Is Near: When Humans Transcend Biology by Ray Kurzweil Source: Amazon Kindle […]

In:

Topics: , , , , ,