Quote

Learning to see waste and systematically eliminate it has allowed lean companies such as Toyota to dominate entire industries. Lean thinking defines value as 'providing benefit to the customer' anything else is waste.

Eric Ries

Change background

T
T
T

Change font

TAGS & TOPICS

Eric Ries
Age: 45
Born: 1979
Born: September 22
Author
Entrepreneur
Writer
Values
Allowed
Defines
Else
Entire
Eliminate
Anything
Benefits
Lean
Thinking
Waste
Customer
Value
Providing
Toyota
Industry
Benefit
Systematically
Learning
Companies
Industries
Company
Customers
Dominate

More quotes by Eric Ries

Image
New Customers come from the action of past customers
Eric Ries
Image
In the old economy, it was all about having the answers. But in today’s dynamic, lean economy, it’s more about asking the right questions. A More Beautiful Question is about figuring out how to ask, and answer, the questions that can lead to new opportunities and growth.
Eric Ries
Image
Innovation is a bottoms-up, decentralized, and unpredictable thing, but that doesn’t mean it cannot be managed.
Eric Ries
Image
When Steve Jobs and Steve Wozniak created Apple computer in a garage in Palo Alto, it heralded the beginning of the PC revolution that ultimately dealt a death-blow to dozens of older companies.
Eric Ries
Image
As an entrepreneur, I knew that if my company failed, I could always try again. So I often felt that the only real risk of true financial ruin came from the possibility of a serious illness that either exceeded my insurance plans lifetime limits, or was not covered due to rescission.
Eric Ries
Image
Using the Lean Startup approach, companies can create order not chaos by providing tools to test a vision continuously.
Eric Ries
Image
Meritocracy is a good thing. Whenever possibly, people should be judged based on their work and results, not superficial qualities.
Eric Ries
Image
A head start is rarely large enough to matter, and time spent in stealth mode-away from customers-is unlikely to provide a head start. The only way to win is to learn faster than anyone else.
Eric Ries
Image
Don’t be in a rush to get big. Be in a rush to have a great product.
Eric Ries
Image
A solid process lays the foundation for a healthy culture, one where ideas are evaluated by merit and not by job title.
Eric Ries
Image
We must learn what customers really want, not what they say they want or what we think they should want.
Eric Ries
Image
There is no greater country on Earth for entrepreneurship than America. In every category, from the high-tech world of Silicon Valley, where I live, to University R&D labs, to countless Main Street small business owners, Americans are taking risks, embracing new ideas and - most importantly - creating jobs.
Eric Ries
Image
Sustainable growth is characterized by one simple rule: New customers come from the actions of past customers.
Eric Ries
Image
Every startup has a chance to change the world, by bringing not just a new product, but an entirely new institution into existence.
Eric Ries
Image
Zero invites imagination, but small numbers invite questions about whether large numbers will ever materialize.
Eric Ries
Image
The only person who can put you out of business, in the early days, is yourself.
Eric Ries
Image
This is one of the most important lessons of the scientific method: if you cannot fail, you cannot learn.
Eric Ries
Image
Science and vision are not opposites or even at odds. They need each other. I sometimes hear other startup folks say something along the lines of: 'If entrepreneurship was a science, then anyone could do it.' I'd like to point out that even science is a science, and still very few people can do it, let alone do it well.
Eric Ries
Image
Entrepreneurs always pitch their idea as 'the X of Y,' so this is going to be 'the Microsoft of food.' And yet disruptive innovations usually don't have that character. Most of the time, if something seems like a good idea, it probably isn't.
Eric Ries
Image
A pivot is a change in strategy without a change in vision.
Eric Ries