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Growth boards in a startup team play a crucial role in managing and guiding the process of innovation. They oversee the testing of leap-of-faith assumptions about potential new products using minimum viable products. Through a repeated cycle of testing, they facilitate an iterative process where failure becomes a key component in validated learning. They also manage metered funding, helping teams learn how to pivot or persevere in their strategies.
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To thrive in the coming century, every organization needs the ability to experiment rapidly with new products and new business models; to empower their most creative people, and to engage repeatedly in a process of innovation in order to unlock new sources of growth and productivity. A modern company must give every employee the opportunity to be an entrepreneur, recognizing entrepreneurship as a core discipline. The lessons of the lean startup movement of Silicon Valley are the basis of , a series of tools and techniques that will unleash this entrepreneurial approach in any organization. The core of the approach is the small, internal startup team, a cross-functional group that is focused on testing leap-of-faith assumptions about potential new products with the use of minimum viable products. A repeated cycle of testing leads to an iterative process where failure becomes a key component in validated learning. Making use of growth boards and metered funding, the teams learn how to pi...
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The Startup Way — released in early-October 2017 — is the continuation of the award-winning The Lean Startup — both written by Eric Ries. The Lean Sta...
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