We’ve all heard the phrase “little bets.” But without context, a catchy name for a concept can be misinterpreted.
We’ve all heard the phrase “little bets.” But without context, a catchy name for a concept can be misinterpreted.
Let’s take a look at what “little bets” really means and how it allows us to stack the deck in our favor.
Continue reading “Reframing Little Bets as Little Informed Bets”
There is nothing truer than Genchi Genbutsu (the Lean concept of “go and see” or “go and see for yourself”) and GOOB (Steve Blank’s wisdom to “Get Out of the Building,” and echoed in Lean Startup methodology).
Taiichi Ohno, one of the creators of the Toyota Production System, is credited as the originator of the concept of Genchi Genbutsu. According to Eric Ries in Lean Startup, when Lean practitioners in Japan were asked what was the most important principle of Lean, Genchi Genbutsu was cited over and over. Genchi Genbutsu is sometimes Westernized to “Get your boots on.”
Continue reading “You’re Doing it Wrong if You Don’t Go and See For Yourself”
