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Increased ability to pivot based on customer feedback
Decreased operational flexibility due to rigid processes
Enhanced speed to market for new products
Improved decision-making through hypothesis-driven testing
Higher initial investment costs for product development
Understanding the Answer
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Lean startup focuses on quick tests and learning from customers. Other options are incorrect because Some think lean forces rigid steps, but it actually gives more freedom; Lean does not need more money upfront.
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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