The Executive Study Group (ESG) webinar named “Leader 2030 – Lean
Startups: Quick Innovation Strategy: How Traditional Companies Accelerate
Innovation Speeds” was held by Asia Pacific Institute for Strategy Limited
(APIFS) on 7th Mar 2025. Dr. Mark Lee introduced the goal of Leader
2030 before the webinar (See reference).
In the beginning, Dr. Mark Lee quoted Prof. Steve Blank (Stanford University)
that Lean Startups practices did not only for young tech ventures but also
large companies.
Then he introduced the 4 stages of “Lean Startups”. The first two steps
are Customer Discovery and Validation that belongs the first part “Search”. The
second part “Execution” included the last two steps and they are Customer Creation
and Company Building.
Lean Startups Re-entrepreneurship (LSR) included three elements and they
are Business Model Canvas (BMC), Hypothesis Quick Test (HQT) and Minimum Viable
Products (MVP). Dr. Lee reviewed BMC of last webinar.
Then he also reviewed the HQT – Test Card 4 steps and they are Hypothesis,
Test, Metric and Criteria.
And then Dr. Lee briefed the Minimum Viable Products (MVP) that need to fulfill
two critical factors and they are customer found it valuable and rapid growth
rate.
Dr. Mark Lee use Facebook, Blue River Technology and GE as examples to
explain lean startups practices.
After that he mentioned the multiple rounds using BMC → MVP deployment of
HQT and got customer feedback for quick experimentation.
Finally, he compared the traditional company culture and lean startup culture
from Strategy, New-product process and Engineering.
As well as, compared from Organization, Financial Reporting, Failure and
Speed.
Lastly, he polled to survey our company ready for Lean Startup’ unique
culture or not. Around 60% replied agree / highly agree their company ready for this
culture change.
Reference:
Asia Pacific Institute for Strategy Limited (亞太策略研究所有限公司) – www.apifs.org
ESG facebook - https://www.facebook.com/groups/esg08
Leader2030 - Empowering
the Next Generation of Leaders - https://www.apifs.org/Leader2030-en
Previous talks summary:
https://qualityalchemist.blogspot.com/search/label/Executive%20Study%20Group
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