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'The Startup Way' has influenced corporate strategies and business models in several ways. Firstly, it has introduced the concept of lean manufacturing techniques into the innovation community, encouraging businesses to adopt a more efficient and cost-effective approach. Secondly, it has promoted the idea of entrepreneurship and the importance of creating a supportive environment for entrepreneurs. This includes policies that cushion people from the worst consequences of failure, encourage the influx of global talent, and promote entrepreneurial skills in the school curriculum. Lastly, it has advocated for a long-term focus in business, including the creation of a new stock exchange focused on long-term funding.
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Entrepreneurs are motivated by a desire to make the world a better place. Any policy that helps them to take the first steps toward their goals will reap returns. And, given that most experiments will fail, it is also important to cushion people from the worst consequences of that failure, so that the overall rate of entrepreneurship can increase. This might mean a more rational health insurance system that removes uncertainty about coverage; introducing entrepreneurial skills into the school curriculum; and encouraging the influx of global talent through immigration. It might mean trying to create a pro-productivity trades union structure; allowing people to convert unemployment insurance payments into a business loan to help launch a new company; or setting up a government-run microloan system. It may also involve creating a new stock exchange that is focused on the long term, in order to fund a company that will last for generations. In sum, a pro-entrepreneurship public policy sho...
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The Startup Way — released in early-October 2017 — is the continuation of the award-winning The Lean Startup — both written by Eric Ries. The Lean Sta...
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