Creating a meritocracy within an organization using the principles of entrepreneurial management can have several benefits. It can foster an environment of innovation and creativity, as employees are encouraged and rewarded based on their ideas and contributions, rather than their position or tenure. This can lead to the discovery of new, sustainable sources of growth. It can also increase employee engagement and satisfaction, as they feel their work is valued and has a direct impact on the success of the organization.

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The key takeaways from The Lean Startup for companies seeking sustainable growth include the principles of entrepreneurial management that can be applied in any industry, size of company, or sector of the economy. These principles can help organizations find new sources of sustainable growth, whether they are large, established companies like GE or tech startups experiencing hyper-growth that want to scale beyond their first, successful innovation.

The principles of entrepreneurial management described in The Lean Startup can be used to manage a company's resources and funding by applying them to find new sources of sustainable growth. This can be done regardless of the company's size, industry, or sector of the economy. These principles can help a company to scale beyond their first successful innovation, whether it's a large, established company like GE or a tech startup experiencing hyper-growth.

The long-term effects of implementing these principles in an organization can include finding new sources of sustainable growth, regardless of the industry, size of the company, or sector of the economy. It can help both large, established companies and tech startups experiencing hyper-growth to scale beyond their first, successful innovation.

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The Startup Way

The Startup Way — released in early-October 2017 — is the continuation of the award-winning The Lean...

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