I first learned about the term "lean startup" while working in a startup. It represented a very energetic and transparent style of working where people band together to experiment and innovate. It's definitely a lot of fun, and can produce major breakthroughs. Who wouldn't love that?
So what's a "lean" startup? The term was first coined by startup founder and advisor Eric Reis on his blog, Startup Lessons Learned, in September 2008. The general approach borrows both name and philosophy from the lean manufacturing framework developed at Toytoa by Taiichi Ohno and Shigeo Shingo. Some of the core principles of "lean" manufacturing have to do with empowering employees to share their knowledge of manufacturing processes, along with the concept of "just-in-time" production which increases innovation and decreases waste.
In the context of entrepreneurship, the "lean startup method" refers to a number of principles and terms, which I've outlined in a new article. I hope you'll check it out and let me know -- have you ever practice "lean" principles in your business?
Read Lean Startup 101>>