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Lean Startup Methodology
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In the Lean Startup Methodology, what is the primary purpose of the Build-Measure-Learn loop in relation to pivoting a startup's direction?

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Learning Path

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A

To develop a product that meets customer needs before testing

B

To learn from customer feedback and make necessary adjustments to the product or strategy

C

To increase the number of features in a product without customer input

D

To create a marketing plan before developing the product

Understanding the Answer

Let's break down why this is correct

Build the smallest version of a product and release it quickly. Other options are incorrect because Some think the loop is mainly about creating a finished product before testing; Some believe the loop’s goal is to add many features to the product.

Key Concepts

Build-Measure-Learn Loop
Pivot
Topic

Lean Startup Methodology

Difficulty

medium level question

Cognitive Level

understand

Deep Dive: Lean Startup Methodology

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Definition
Definition

The lean startup method involves a learning-by-doing approach for iterating early-stage business ideas. It focuses on hypothesis-based probing and business idea convergence to reduce uncertainty and improve business viability. The method emphasizes testing key assumptions and team composition.

Topic Definition

The lean startup method involves a learning-by-doing approach for iterating early-stage business ideas. It focuses on hypothesis-based probing and business idea convergence to reduce uncertainty and improve business viability. The method emphasizes testing key assumptions and team composition.

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