Learning Path
Question & Answer1
Understand Question2
Review Options3
Learn Explanation4
Explore TopicChoose the Best Answer
A
Conducting market research without testing the product
B
Launching a minimum viable product (MVP) to gather user feedback
C
Writing a detailed business plan before any real-world application
D
Focusing solely on theoretical frameworks without practical application
Understanding the Answer
Let's break down why this is correct
Answer
The Lean Startup method best shows this iterative learning. It starts with a simple prototype or minimum viable product, then releases it to customers, collects real feedback, and uses that data to tweak the idea. Each cycle of building, measuring, and learning keeps the business idea closer to what people actually want. For example, a new app might launch a basic version, gather usage stats, and then add features that users ask for before investing in full development. This continuous loop of doing and adjusting is the hallmark of learning-by-doing.
Detailed Explanation
Launching a minimum viable product means creating a simple version that can be sold or shared with real users. Other options are incorrect because Market research alone does not test the idea; Writing a detailed business plan before trying anything is a common mistake.
Key Concepts
Learning-by-Doing
Minimum Viable Product (MVP)
Iterative Development
Topic
Learning-by-Doing Techniques
Difficulty
hard level question
Cognitive Level
understand
Practice Similar Questions
Test your understanding with related questions
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Question 4In the context of learning-by-doing, which approach best exemplifies the iterative process of refining a business idea through real-world feedback?
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Question 5In the context of learning-by-doing techniques, entrepreneurs often engage in ____ to validate their business ideas through iterative development and real-world feedback.
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Question 7Which of the following best exemplifies the Learning-by-Doing techniques in a business context that emphasizes problem-solving and real-world application?
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Question 8Which of the following best exemplifies a Learning-by-Doing technique that incorporates active learning, real-world application, and simulation in a business education setting?
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