{"product_id":"9798887502496","title":"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","description":"\u003ctable\u003e\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd style=\"\"\u003e\u003cstrong\u003eAuthor\/Contributor(s):\u003c\/strong\u003e\u003c\/td\u003e\n\u003ctd style=\"\"\u003eE. Sahin, Kenan\u003cbr\u003e\n\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd style=\"\"\u003e\u003cstrong\u003ePublisher:\u003c\/strong\u003e\u003c\/td\u003e\n\u003ctd\u003eForbes Books\u003cbr\u003e\n\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd style=\"\"\u003e\u003cstrong\u003eDate:\u003c\/strong\u003e\u003c\/td\u003e\n\u003ctd\u003e3\/26\/2024\u003cbr\u003e\n\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd style=\"\"\u003e\u003cstrong\u003eBinding:\u003c\/strong\u003e\u003c\/td\u003e\n\u003ctd style=\"\"\u003eHardcover\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd style=\"\"\u003e\u003cstrong\u003eCondition:\u003c\/strong\u003e\u003c\/td\u003e\n\u003ctd style=\"\"\u003eNEW\u003cbr\u003e\n\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\u003c\/table\u003e\u003ci\u003eLean Startup, to Lean Company, to Rich Exit\u003c\/i\u003e shares the remarkable story of Dr. Kenan Sahin, who took $1,000 in savings and used it to undertake the most extraordinary entrepreneurial journey, culminating with a $1.54 billion rich exit.\u003cbr\u003e\u003cbr\u003eKenan was teaching at MIT in the 1980s and sought to validate his many academic theories in a real-world lab. So he founded a startup to begin testing innovations in organizational development—challenging nearly every business best practice of the 1990s and largely transforming those practices. Among Kenan’s critical insights into rich-exit business success include…\u003cbr\u003e\u003cul\u003e \u003cli\u003eSuffusing the organization with a \"teach and learn, learn and teach\" mindset\u003c\/li\u003e \u003cli\u003eEmpowering every team member to practice \"situational leadership\"\u003c\/li\u003e \u003cli\u003eLeveraging a lean team with \"splitsuit\" systems architecture development\u003c\/li\u003e \u003cli\u003eRecruiting and retaining the nation’s finest talent by hiring based on aptitude \u0026gt; attitude \u0026gt; willingness \u0026gt; experience (in order of importance)\u003c\/li\u003e \u003cli\u003eTurning performance reviews into company improvement exercises\u003c\/li\u003e \u003cli\u003eImproving on traditional profit-sharing formulas with a \"gain sharing\" formula\u003c\/li\u003e \u003cli\u003eFinding a way to reject outside funding and retain full ownership\u003c\/li\u003e \u003cli\u003eReplacing notions of customer satisfaction with \"customer success\"\u003c\/li\u003e \u003cli\u003eFinding the work\/life balance that maximizes team productivity\u003c\/li\u003e \u003cli\u003eBridging disconnects between sales \u0026amp; production, end-users \u0026amp; IT, management, and R\u0026amp;D\u003c\/li\u003e \u003cli\u003eLeaping the chasm from a service-based to a product company\u003c\/li\u003e \u003cli\u003eCombining judicious simplification with ambiguity tolerance to master complex situations\u003c\/li\u003e \u003cli\u003eFlattening internal communications so anyone can access anyone else\u003c\/li\u003e \u003cli\u003eMaking \"smart interruptibility\" an accepted practice at every level of the company\u003c\/li\u003e \u003cli\u003eDeveloping the \"bins, balls, and backplane\" framework of modern user interfaces\u003c\/li\u003e \u003cli\u003eRejecting the \"Big IP Lie\" and writing \"peace contracts\" to drive rich-exit potential\u003c\/li\u003e \u003c\/ul\u003e\u003cbr\u003eAfter 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.\u003cbr\u003e\u003cbr\u003eSince 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.","brand":"Forbes Books","offers":[{"title":"Default Title","offer_id":48326354272511,"sku":"9798887502496","price":24.99,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0452\/0886\/2873\/files\/9798887502496_s600x595.jpg?v=1778166643","url":"https:\/\/massivebookshop.com\/de\/products\/9798887502496","provider":"MASSIVE BOOKSHOP","version":"1.0","type":"link"}