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Lean Startup, to Lean Company, to Rich Exit: How to Apply Kenan System's $1000 In, $1.5 Billion Out Principles to Today's Startups
Hardcover
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Publisher: Forbes Books
Published: Mar 26 2024
Pages: 240
Weight: 1.10
Height: 1.10 Width: 6.00 Depth: 9.10
Language: English
- Suffusing the organization with a teach and learn, learn and teach mindset
- Empowering every team member to practice situational leadership
- Leveraging a lean team with splitsuit systems architecture development
- Recruiting and retaining the nation's finest talent by hiring based on aptitude > attitude > willingness > experience (in order of importance)
- Turning performance reviews into company improvement exercises
- Improving on traditional profit-sharing formulas with a gain sharing formula
- Finding a way to reject outside funding and retain full ownership
- Replacing notions of customer satisfaction with customer success
- Finding the work/life balance that maximizes team productivity
- Bridging disconnects between sales & production, end-users & IT, management, and R&D
- Leaping the chasm from a service-based to a product company
- Combining judicious simplification with ambiguity tolerance to master complex situations
- Flattening internal communications so anyone can access anyone else
- Making smart interruptibility an accepted practice at every level of the company
- Developing the bins, balls, and backplane framework of modern user interfaces
- Rejecting the Big IP Lie and writing peace contracts to drive rich-exit potential
After just 17 years, Kenan's company, Kenan Systems, was acquired by Lucent Technologies and he remained the sole shareholder. Importantly to him, all of his 750+ employees also benefitted from the exit. This is the inside look at how it happened. This is a field-tested framework for building a lean startup into a lean company and then a rich exit--the perfect model for any aspiring entrepreneur. Since Kenan also pioneered large scale commercial AI and big data systems, the framework and principles of innovation he developed are even more relevant in today's marketplace.
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