Lean Startup: Opportunity Discovery or Opportunity Creation?

2013 ◽  
Author(s):  
Paul Boland ◽  
Brett Riggio ◽  
Steven E Phelan
Keyword(s):  
Opportunity Discovery ◽  
Opportunity Creation ◽  
Lean Startup

The too-much-of-a-good-thing effect of new ventures' opportunity development on innovation strategy under the Chinese context

2021 ◽  
Vol 28 (2) ◽  
pp. 286-308
Author(s):  
Miaomiao Yin ◽  
Bingyu Zhou
Keyword(s):  
New Ventures ◽  
Innovation Strategy ◽  
Content Type ◽  
Chinese Context ◽  
Moderating Variables ◽  
Opportunity Discovery ◽  
Key Factor ◽  
Entrepreneurial Activities ◽  
Business Ties ◽  
Opportunity Creation

PurposeThe purpose of this research is to reveal how to improve the quality of entrepreneurship by exploring the key factor, opportunity development, impacting the innovation strategy of new ventures. It also introduces political and business ties as moderating variables to reveal the uniqueness of entrepreneurial activities in the Chinese context.Design/methodology/approachEmpirical data from 215 entrepreneurs and top executives in Chinese new ventures were gathered through a survey and the statistical method used is the regression model.FindingsThe empirical results indicate that: (1) new ventures' opportunity creation positively impacts innovation strategy, while opportunity discovery has a curvilinear (inverted U-shape) impact on innovation strategy; (2) the relationship between opportunity development and innovation strategy is moderated by political and business ties.Originality/valueThis research analyzes and compares the effect of opportunity discovery and opportunity creation on new ventures' innovation strategy. This research further offers an in-depth understanding of the influence mechanism between opportunity development and innovation strategy among Chinese new ventures. Further, the results provide practical guidance for new ventures to develop innovation strategies and for Chinese governments to make entrepreneurial policies.

El método Lean Startup. Cómo crear empresas de éxito utilizando la innovación continua de Eric Ries

2019 ◽  
Vol 1 (1) ◽  
pp. 83-88
Author(s):  
Ysmael Jesús Ayala Colqui
Keyword(s):  
A Priori ◽  
El Paso ◽  
Start Up ◽  
Start Ups ◽  
Lean Startup

Una start-up es definida como una empresa destinada solucionar problemas de maneras no obvias, donde el éxito no está garantizado de antemano y, solo en los casos de éxito efectivo, se adquiere un crecimiento rápido y significativo (Robehmed, 2013). Ejemplos clásicos de start-ups serían Facebook, Uber o AirBnB que, con comienzos modestos, pero con ideas innovadoras, se convirtieron con el paso del tiempo en empresas de ingresos millonarios. Una de las tantas preguntas al respecto sería la siguiente: ¿cómo lograr una start-up de éxito a sabiendas que el éxito no está garantizado a priori y, aún más, que la gran mayoría de estas fracasan?

The New Business Road Test: What Entrepreneurs and Investors Should Do Before Launching a Lean Startup, by John Mullins

2019 ◽  
Vol 1 (1) ◽  
pp. 89-92
Author(s):  
José Luis Albites Sanabria
Keyword(s):  
Road Test ◽  
Start Up ◽  
Plan B ◽  
Entrepreneurial Team ◽  
New Business ◽  
First Time ◽  
Lean Startup ◽  
Thought Leaders

John Mullins is a researcher, teacher and one of the world’s foremost thought leaders in entrepreneurship. Over the years, John has been hailed as an inspiration for entrepreneurs who have employed the models outlined in books such as Getting to Plan B or The Customer-Funded Business, in order to transform their ideas into global startup companies. Now in its 5th edition, The New Business Road Test guides the reader through the complex yet gripping process of testing a business idea. How can you be completely sure that your list of start-up ideas is good or bad? How much time or money should you invest in each of these ideas? And, for first-time entrepreneurs, should you embark upon a start-up just because you love your idea? Should you leave a stable job and focus entirely on what feels to you like a good business idea? Mullins’ book offers thoughtful readers guidance on the thorny issues associated with entrepreneurship that you yourself may be facing even as you read this introduction. In order to fully understand the theories behind the tools and advice for testing your idea, we must start by understanding Mullins’ vision of the entrepreneurial world. The book begins by defining three elements crucial to the success of a business: the market, the industry, and the entrepreneurial team.

Expanding knowledge frontiers in entrepreneurship: examining bricolage and effectuation

2020 ◽  
Vol 26 (5) ◽  
pp. 1043-1065
Author(s):  
Vanessa Vasconcelos Scazziota ◽  
Tales Andreassi ◽  
Fernando Antonio Ribeiro Serra ◽  
Luiz Guerrazzi
Keyword(s):  
Decision Process ◽  
Design Methodology ◽  
Knowledge Bases ◽  
Research Trends ◽  
Bibliographic Coupling ◽  
Content Type ◽  
Methodological Feature ◽  
Theoretical Approaches ◽  
And Behaviors ◽  
Opportunity Creation

PurposeOur purpose is to evaluate effectuation and bricolage through their unique and shared references to understand possible overlaps and conceptual complementarities between these theoretical approaches.Design/methodology/approachThe use of bibliometric techniques to examining simultaneously both theoretical approaches is one of the distinctions of this work. Another important methodological feature is the use of co-citation and bibliographic coupling and their interaction, to verify 179 published documents relating to their references.FindingsThe study reveals the intellectual structures underlying the approaches and differences originating from their knowledge bases, as well as the research trends.Originality/valueBy identifying the differences in the decision process and behaviors that culminate in opportunity creation in each, it offers a complementary vision of previous works. The evidence stresses it is interesting to explore their integration, considering the complementarity of their unique aspects.

The Hybrid Model MatrixEnhancing Stage-Gate with Design Thinking, Lean Startup, and Agile

2021 ◽  
Vol 64 (5) ◽  
pp. 18-30
Author(s):  
Nicolò Cocchi ◽  
Clio Dosi ◽  
Matteo Vignoli
Keyword(s):  
Hybrid Model ◽  
Design Thinking ◽  
Lean Startup
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