Overview
The Lean Startup methodology revolutionizes how new businesses are developed by focusing on rapid experimentation and customer feedback. This approach allows entrepreneurs to validate their ideas quickly, minimizing waste and maximizing learning. By creating Minimum Viable Products (MVPs), startups ...
Key Terms
Example: Many tech companies use the Lean Startup approach to innovate quickly.
Example: Startups use surveys to validate learning about customer preferences.
Example: A simple app that solves a specific problem can be an MVP.
Example: A company may pivot from a B2C model to a B2B model after market research.
Example: Startups iterate through the Build-Measure-Learn cycle to refine their offerings.
Example: Conducting interviews to gather insights about customer pain points.