Adopting a lean strategy can seem intimidating, but you can easily create a successful company using lean methodology. Initially developed by Eric Ries, the three-step lean method for startups uses iterative product testing plus integrates early adopter feedback to choose product features and functions with the goal of reaching a larger market. Using lean tools can help eliminate constraints, roadblocks, and waste that may impede progress.
The basics of success in business remain as simple as you must supply a product or services that people need because it solves a problem for them and you must get it in front of them when they need it at a price they can afford. That encapsulates the basic premise of business economics in a quick, efficient summary.
You’ve spent weeks or perhaps even months going through the strategic planning process, often burning through hundreds of hours of staff time to craft ideal strategies. Yet, within only a few months you find that plans are beginning to morph and slowly shift direction away from your hard-won strategies. Without clear ownership of the project, executive buy-in and consistent communication, it’s difficult to drive for successful implementation of your strategies.
No matter how well researched and well written your strategic plan, it can fail in the implementation stage.
You can create an environment that houses an innovative culture, and it doesn’t require millions to invest or specialized staff.
If only every business ran smoothly with no issues, you’d never need to develop problem-solving skills. However, problems do arise, and knowing how to analyze and address them can make the difference in your bottom line. Apply problem-solving and innovations to improve processes to produce more while saving time and money.
