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Answer
In the lean startup, the main focus is on creating a minimum viable product (MVP) because it lets you test assumptions quickly and cheaply. By launching an MVP you can gather real customer feedback before investing in a full team or high engagement, which helps avoid costly mistakes. Team composition and engagement become important only after you confirm the product idea works; they help refine and scale the solution. For example, a startup might first release a simple landing page to gauge interest, then assemble a focused team to iterate based on the data. Thus, MVP development is the priority, while boundary conditions are addressed later.
Detailed Explanation
The statement is wrong. Other options are incorrect because Many think the MVP is all that matters.
Key Concepts
Boundary Conditions in Lean Startup
Minimum Viable Product (MVP)
Team Dynamics
Topic
Boundary Conditions in Lean Startup
Difficulty
medium level question
Cognitive Level
understand
Practice Similar Questions
Test your understanding with related questions
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Question 1In the context of Lean Startup methodology, how do boundary conditions influence the relationship between product-market fit and agile development?
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Question 2Boundary conditions in the lean startup methodology are to effective business experimentation as soil quality is to what in agriculture?
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Question 3Arrange the following boundary conditions in the correct sequence that influences the effectiveness of the lean startup methodology: A) Team composition, B) Business education, C) Engagement levels, D) Lean startup adoption.
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Question 4A startup team is assessing their approach to developing a new product. They are considering various factors that could impact their success. Which of the following scenarios best exemplifies a boundary condition that could influence the effectiveness of the lean startup methodology?
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Question 5In the context of lean startup methodology, the effectiveness of the approach is significantly influenced by several boundary conditions, including __________, team composition, and engagement levels.
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Question 6Boundary conditions in the lean startup methodology are to effective business experimentation as soil quality is to what in agriculture?
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Question 7Arrange the following boundary conditions in the correct sequence that influences the effectiveness of the lean startup methodology: A) Team composition, B) Business education, C) Engagement levels, D) Lean startup adoption.
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Question 8A startup team is assessing their approach to developing a new product. They are considering various factors that could impact their success. Which of the following scenarios best exemplifies a boundary condition that could influence the effectiveness of the lean startup methodology?
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Question 9In the context of lean startup methodology, the effectiveness of the approach is significantly influenced by several boundary conditions, including __________, team composition, and engagement levels.
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