Business & Economics

Robert Reich The commencement address that won’t be given

Members of the Class of 2012,

As a former secretary of labor and current professor, I feel I owe it to you to tell you the truth about the pieces of parchment you’re picking up today.

You’re f*cked.

Well, not exactly. But you won’t have it easy.

First, you’re going to have a hell … More >

Steve Blank Why innovation dies

Faced with disruptive innovation, you can be sure any possibility for innovation dies when a company forms a committee for an “overarching strategy.”

I was reminded how innovation dies when the email below arrived in my inbox. It was well written, thoughtful and had a clearly articulated sense of purpose. You … More >

Kellie McElhaney How good business can lift Apple’s share price

Early this month, Adrian Kingsley-Hughes made this prediction on Forbes.com: “It seems quite possible for Apple stock to hit four digits in the next couple of years, barring any missteps.”

The author probably imagines future missteps such as overheating iPads, a possible unsuccessful foray into the television-set market, or the failure … More >

Robert Edelstein Housing market lessons from around the world

The global financial crisis, which originated in US housing and finance markets, has kindled interest in housing markets worldwide. How did housing in other countries fare? How did policymakers deal with the impact of the spreading crisis? National housing markets and financial systems differ significantly across the globe, and these … More >

Samuel Redman Would Rick Santorum call Rosie the Riveter a snob?

Rick Santorum’s recent criticism of President Obama’s call to make it possible for all Americans to advance their education or training as elitist snobbery makes me wonder what the GOP candidate would say to Nancy Deanda.

Before taking her married name, Nancy Miramontes was born in Scotts Bluff, Nebraska in 1925 … More >

Steve Blank Blinded by the light — The epiphany

“Epiphany e·piph·a·ny  noun /iˈpifənē/ :  A moment of sudden revelation or insight.”

We now know how to teach entrepreneurs how to think about business models and use customer development to turn hypotheses into facts. But there is no process to teach how to get an epiphany. We can only try to create the conditions where this might … More >

Steve Blank Nail the customer-development manifesto to the wall

When Bob Dorf and I wrote The Startup Owner’s Manual we listed a series of customer-development principles. I thought they might be worth enumerating here:

A startup is a temporary organization designed to search for a repeatable and scalable model

There Are No Facts Inside Your Building, So Get Outside
Pair Customer Development with Agile Development
Failure is … More >

Steve Blank 2012 Lean LaunchPad presentations — Part 2 of 2

Today, the second half of the Stanford Engineering Lean LaunchPad Class gave their final presentations. Here are the final four (the first five are here.)

Team ParkPoint Capital
This team spoke face-to-face with 326 customers. As often happens, this team came into class convinced that their market research proved that their business was providing credit … More >

Steve Blank 2012 Lean LaunchPad Presentations — Part 1 of 2

Today, the first half of the Stanford Engineering Lean LaunchPad Class gave their final presentations. Here are the first five.

It Feels Like 20 Years Ago Today
It’s hard to believe it’s only been a year since we taught the first 10 teams in the Stanford Lean LaunchPad class. To share what we learned, we blogged each … More >

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