Dateline: 12 August 2011
AxSA Factoid of the Week
Few ordinary people think much of Magnolia, but to ignore this still largely-untamed democracy nestled between autocratic Russia and communist China would be a mistake. Mongolia has a GDP of $7 billion, and that output of goods and services is now expected to double each year for the next three to five years. Such a glowing economic forecast for a poor nation is owed to its possession of the world's largest gold and copper deposits, as well as a significant abundance of oil, uranium iron, coal, and natural gas.
News & Commentary
Health-Care Reform
Appeals Court Strikes down U.S. Health Care Reform Act
International Business Times
The 11th Circuit court says the individual mandate is unconstitutional, setting the stage for a final fight in the U.S. Supreme Court...Read More
Louisiana
Rising Seas
10/12 Corridor
Melting glaciers, subsidence, and land erosion pose a price tag of $350 billion over the next two decades...Read More
Economics
Time for a Double Dip?
The Economist
Despite the best efforts, America's economy is slowing down quickly...Read More
How to Tell When a Recession Is at America's Door
Reuters
Analysts decipher the tipping points of a new downturn...Read More
Management
The Unselfish Gene
Harvard Business Review
A new look at how "natural cooperation" helped to make us better humans...Read More
Finance
IPOs Postpone Debut amid Volatile Market
Investor's Business Daily
Up and down markets are no time to take businesses public, and so, twelve companies have tabled their introductions...Read More
Events
24 August 2011
New Orleans, Louisiana
23 August 2011
Lake Arthur, Louisiana
AxSA Recommends...
Most startups fail. But many of those failures are preventable. The Lean Startup is a new approach being adopted across the globe, changing the way companies are built and new products are launched.
Eric Ries defines a startup as an organization dedicated to creating something new under conditions of extreme uncertainty. This is just as true for one person in a garage or a group of seasoned professionals in a Fortune 500 boardroom. What they have in common is a mission to penetrate that fog of uncertainty to discover a successful path to a sustainable business.
The Lean Startup approach fosters companies that are both more capital efficient and that leverage human creativity more effectively. Inspired by lessons from lean manufacturing, it relies on "validated learning," rapid scientific experimentation, as well as a number of counter-intuitive practices that shorten product development cycles, measure actual progress without resorting to vanity metrics, and learn what customers really want. It enables a company to shift directions with agility, altering plans inch by inch, minute by minute.
Rather than wasting time creating elaborate business plans, The Lean Startup offers entrepreneurs - in companies of all sizes - a way to test their vision continuously, to adapt and adjust before it's too late. Ries provides a scientific approach to creating and managing successful startups in a age when companies need to innovate more than ever.
Eric Ries defines a startup as an organization dedicated to creating something new under conditions of extreme uncertainty. This is just as true for one person in a garage or a group of seasoned professionals in a Fortune 500 boardroom. What they have in common is a mission to penetrate that fog of uncertainty to discover a successful path to a sustainable business.
The Lean Startup approach fosters companies that are both more capital efficient and that leverage human creativity more effectively. Inspired by lessons from lean manufacturing, it relies on "validated learning," rapid scientific experimentation, as well as a number of counter-intuitive practices that shorten product development cycles, measure actual progress without resorting to vanity metrics, and learn what customers really want. It enables a company to shift directions with agility, altering plans inch by inch, minute by minute.
Rather than wasting time creating elaborate business plans, The Lean Startup offers entrepreneurs - in companies of all sizes - a way to test their vision continuously, to adapt and adjust before it's too late. Ries provides a scientific approach to creating and managing successful startups in a age when companies need to innovate more than ever.
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