Learning Path
Question & Answer1
Understand Question2
Review Options3
Learn Explanation4
Explore TopicChoose the Best Answer
A
Increased Customer Satisfaction
B
Higher Product Prices
C
Reduced Employee Turnover
D
More Rigid Processes
Understanding the Answer
Let's break down why this is correct
Answer
The analogy compares a business approach to its impact. Lean Startup focuses on rapid experimentation and customer feedback, which boosts overall firm performance. Agile Methodology focuses on iterative, collaborative work, which speeds up project delivery and improves team efficiency. For example, a software team using Scrum can release a new feature in two weeks instead of months, demonstrating improved delivery.
Detailed Explanation
Agile teams focus on short cycles and listening to customers. Other options are incorrect because Some think Agile pushes higher prices because teams can deliver fast; A common mistake is to see Agile as a tool to keep staff happy.
Key Concepts
Lean Startup Methodology
Agile Methodology
Customer Feedback
Topic
Performance Impact of Lean Startup
Difficulty
easy level question
Cognitive Level
understand
Practice Similar Questions
Test your understanding with related questions
1
Question 1Lean startup methodology is to early-stage business development as scientific method is to __________.
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2
Question 2What underlying cause contributes to the improved firm performance observed in companies that adopt the lean startup methodology?
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3
Question 3Which of the following outcomes can be attributed to the adoption of the lean startup methodology in firms? (Select all that apply)
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4
Question 4How does the Lean Startup methodology primarily impact firm performance over time?
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5
Question 5What underlying cause contributes to the improved firm performance observed in companies that adopt the lean startup methodology?
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6
Question 6Lean Startup Method : Enhanced Firm Performance :: Agile Methodology : ?
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7
Question 7Which of the following outcomes can be attributed to the adoption of the lean startup methodology in firms? (Select all that apply)
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8
Question 8How does the Lean Startup methodology primarily impact firm performance over time?
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Practice
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