Evolution of Agile world with Lean Startup Concepts
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The document discusses the evolution of agile methodologies with lean startup principles, emphasizing the importance of minimum viable products (MVPs) for validating business hypotheses before heavy investments. It outlines essential lean startup concepts such as validated learning, innovation accounting, and the necessity of rapid feedback loops to accelerate product development. The aim is to build the right products efficiently through a disciplined approach that focuses on customer-driven innovation.
Evolution of Agile world with Lean Startup Concepts
- 1. ©2015 GlobalLogic Inc. Evolution of Agile world with Lean Startup Concepts -ShriKant Vashishtha
- 2. 2 ©2015 GlobalLogic Inc. About Me! • Blog – http://www.agilebuddha.com • Twiiter - @vashishthask • Trainer and coach in: – Scrum (Team, Scrum Master, Product Owner) – Kanban – User story workshop – BDD/ATDD/Specification by Example – Agile Testing – Unit testing (xUnit), Continuous Integration and Continuous Delivery
- 3. ©2015 GlobalLogic Inc. A Traditional Scenario
- 4. 4 ©2015 GlobalLogic Inc.
- 5. 5 ©2015 GlobalLogic Inc.
- 6. 6 ©2015 GlobalLogic Inc.
- 7. 7 ©2015 GlobalLogic Inc.
- 8. ©2015 GlobalLogic Inc. Lean Startup Approach
- 9. 9 ©2015 GlobalLogic Inc. Minimum Viable Minimum Viable Good features to test the users responses Crappy Products nobody wants to use The products you want to build Start with MVP (Minimum Viable Product) • Smallest possible thing that we can build which will help us to learn if our hypothesis is true. • The goal of the MVP is to validate hypothesis before committing huge amount of resources to them.
- 10. 10 ©2015 GlobalLogic Inc. Introducing “Fake Door”
- 11. 11 ©2015 GlobalLogic Inc. Measurement and Validated Learning
- 12. 12 ©2015 GlobalLogic Inc. Facebook + Online Shopping
- 13. ©2015 GlobalLogic Inc. Why Lean Startup
- 14. 14 ©2015 GlobalLogic Inc. 9/10startups fail
- 15. 15 ©2015 GlobalLogic Inc. It’s all about building the right product vs building product right
- 16. 16 ©2015 GlobalLogic Inc. Feature Waste a a
- 17. 17 ©2015 GlobalLogic Inc. Lean Startup Examples
- 18. ©2015 GlobalLogic Inc. What is Lean Startup?
- 19. 19 ©2015 GlobalLogic Inc.
- 20. 20 ©2015 GlobalLogic Inc. Lean Startup Principles • Entrepreneurs are everywhere • Entrepreneurship is management • Validated learning • Innovation accounting • Build-Measure-Learn ALL successful Startup processes should be geared to accelerate the feedback loop
- 21. ©2015 GlobalLogic Inc. A disciplined, scientific and capital efficient method for discovering and building products and services that people love. - Joshua Kerievsky
- 22. ©2015 GlobalLogic Inc. “In a startup, no facts exists inside the building, only opinions.” -Steve Blank
- 23. ©2015 GlobalLogic Inc. “Get outside of the building” -Steve Blank
- 24. 24 ©2015 GlobalLogic Inc. Done – Scrum Style
- 25. 25 ©2015 GlobalLogic Inc. Done – Lean Startup Style
- 26. 26 ©2015 GlobalLogic Inc. Some learning Requirements Development QA Release Very little learning Most learning happens here
- 27. 27 ©2015 GlobalLogic Inc. Some learning Requirements Continuous Deployment Release Most learning happens here Shorten cycle time
- 28. 28 ©2015 GlobalLogic Inc. • Getting value to the business as fast as you possibly can for receiving faster feedback. • Software always production ready • Releases tied to business needs, not operational constraints Continuous Deployment
- 29. 29 ©2015 GlobalLogic Inc. Customer Development
- 30. 30 ©2015 GlobalLogic Inc. Innovation Accounting • Innovation Accounting is where you are accounting for – is my MVP any good?
- 31. 31 ©2015 GlobalLogic Inc. Validated Learning and Innovation Accounting • Learning validated via data, surveys, interviews • Demonstrated by positive improvements in startup’s core metrics. • Innovation Accounting is where you are accounting for – is my MVP any good?
- 32. 32 ©2015 GlobalLogic Inc. Agile Lean Startup Accepted is DONE Validated is new DONE Full blown feature delivered in the production Capital efficient way to assess if feature is even needed User Story Hypothesis (guess) Backlog To Learn List Sprint Build-Measure-Learn Customer feedback Customer validation Continuous Integration Continuous Deployment Velocity tracking Innovation accounting On-site customer “Get out of the building”
- 33. ©2015 GlobalLogic Inc. Thank You | Q&A http://www.agilebuddha.com | @vashishthask
- 34. ©2015 GlobalLogic Inc. CONFIDENTIAL
Editor's Notes
- #20: That means the principles of The Lean Startup can work for solopreneurs to the biggest corporates, regardless of industry, company size or your role, and you don’t have to work in a garage to be in a startup A startup is an institution, not a product that needs to be managed and it requires a new kind of management specifically geared to its context of extreme uncertainties. Startups do not exist only to conceptualize, make a product produce, and earn revenue. But to learn how to develop sustainable business. Learning must be validated scientifically by regular experimentation and research to test various elements of the vision of entrepreneurs and any agile methodology will surface major problems quickly. Achieving Failure = successfully executing a bad plan To improve entrepreneurial outcomes and to hold entrepreneurs accountable , Startups need to focus on measuring progress towards goals and prioritize work. This requires a new kind of accounting designed for startups. The core function of startups is to turn ideas into products, something tangible to measure how clients respond, and to use that knowledge to determine when to make changes, or conversely, to persevere.
- #21: That means the principles of The Lean Startup can work for solopreneurs to the biggest corporates, regardless of industry, company size or your role, and you don’t have to work in a garage to be in a startup A startup is an institution, not a product that needs to be managed and it requires a new kind of management specifically geared to its context of extreme uncertainties. Startups do not exist only to conceptualize, make a product produce, and earn revenue. But to learn how to develop sustainable business. Learning must be validated scientifically by regular experimentation and research to test various elements of the vision of entrepreneurs and any agile methodology will surface major problems quickly. Achieving Failure = successfully executing a bad plan To improve entrepreneurial outcomes and to hold entrepreneurs accountable , Startups need to focus on measuring progress towards goals and prioritize work. This requires a new kind of accounting designed for startups. The core function of startups is to turn ideas into products, something tangible to measure how clients respond, and to use that knowledge to determine when to make changes, or conversely, to persevere.