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It limits the feedback from users, leading to less effective product development.
It accelerates product development cycles while incorporating user feedback, improving market fit.
It focuses solely on features rather than customer needs, resulting in poor performance.
It reduces collaboration among team members, which hinders progress.
Understanding the Answer
Let's break down why this is correct
An MVP lets the startup release a simple version quickly and see how users react. Other options are incorrect because People think a small product gives less feedback, but it actually gives more; The MVP is not about adding every feature.
Key Concepts
Performance Impact of Lean Startup
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Deep Dive: Performance Impact of Lean Startup
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Definition
The performance impact of lean startup methodology refers to the outcomes and results achieved by firms that adopt this approach. Post hoc analysis indicates a positive relationship between greater engagement with the lean startup method and improved firm performance over an 18-month period.
Topic Definition
The performance impact of lean startup methodology refers to the outcomes and results achieved by firms that adopt this approach. Post hoc analysis indicates a positive relationship between greater engagement with the lean startup method and improved firm performance over an 18-month period.
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