EconPapers    
Economics at your fingertips  
 

How do entrepreneurs think they create value? A scientific reflection of Eric Ries’ Lean Startup approach

Dennis Lyth Frederiksen () and Alexander Brem ()
Additional contact information
Dennis Lyth Frederiksen: Aalborg University

International Entrepreneurship and Management Journal, 2017, vol. 13, issue 1, No 8, 169-189

Abstract: Abstract The means with which entrepreneurs create and capture value can be difficult to get a comprehensive picture of. Looking at the tools they use can offer insights, and in this context, the book “The Lean Startup” by Eric Ries has received a tremendous amount of attention. Supposedly, many entrepreneurs have read the book and may have followed his advice. Hence, we investigate the merits and characteristics of the methods detailed by Ries through a comparison with leading theories and empirical evidence found in the scientific literature. The results indicate that overall the methods find considerable backing and can in parts be recognized under already established constructs. Heavy use of effectuation-logic is evident throughout the book, with a clear and explicit emphasis on experimentation over long-term planning. The paper closes with a discussion of the possible broader implications of the methods and effectuation, including the potential impact on corporate strategy.

Keywords: Entrepreneurial thinking; Lean startup; Causation; Effectuation (search for similar items in EconPapers)
Date: 2017
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3) Track citations by RSS feed

Downloads: (external link)
http://link.springer.com/10.1007/s11365-016-0411-x Abstract (text/html)
Access to the full text of the articles in this series is restricted.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:intemj:v:13:y:2017:i:1:d:10.1007_s11365-016-0411-x

Ordering information: This journal article can be ordered from
http://www.springer. ... urship/journal/11365

Access Statistics for this article

International Entrepreneurship and Management Journal is currently edited by Salvador Roig

More articles in International Entrepreneurship and Management Journal from Springer
Bibliographic data for series maintained by Sonal Shukla ().

 
Page updated 2019-07-21
Handle: RePEc:spr:intemj:v:13:y:2017:i:1:d:10.1007_s11365-016-0411-x