Introduction to Lean Toolkit

Hi. [cite_start]In the lastthis module we discussedfocus howon the Lean method as a way to evaluatemove an opportunity,idea andtowards whena weviable concludedventure.

the

Key module,insights:

it

would
• be clear

  Moving to allAction: ofThe youprevious module discussed opportunity evaluation, highlighting that while you need to evaluate an opportunity. [cite_start]It is at bestit's an imperfect method.method [cite_start]Youand cantrue neverevaluation behappens sureonly if a particular opportunity is a great business opportunity untilwhen you actually enter the "action arena.

  arena".

  [cite_start]InThe Lean method facilitates this week's module, we are going to be movingmove into thataction.

  action
arena
• with the Lean method. [cite_start]So, I'm sure you have all heard about the Lean method. [cite_start]

  What is the Lean method?Method? [cite_start]It's a set of tools and decision-making rubrics thatdesigned to help movetransform an idea towardsinto a viable venture,business. whichIt is why I said it is something that helps you withemphasizes action because like we said action isas the eventual ultimate evaluation of thean idea.

  [cite_start]You

  don't
know
• whether

  Lean it'svs. goingTraditional toMethods:

  work
  until
  • youTraditional takemethods action.assume [cite_start]So, how do you take action? [cite_start]That's at the heart of the lean method. [cite_start]Now, why is this lean method importantpredictability and whatplanning.
  is,
  • how is it different from the traditional method? [cite_start]The traditional methods of course all assume that you can predict and plan, whereas the leanLean method operates on the assumption of uncertainty.

    [cite_start]It iswas actually a method that has beenspecifically designed to counteraddress the uncertaininherent natureuncertainty ofin the venture venture-building process,process.

  and
  that
is

why it is important.