Learning Path
Question & Answer1
Understand Question2
Review Options3
Learn Explanation4
Explore TopicChoose the Best Answer
A
Hypothesis-driven development
B
Traditional business planning
C
Long-term fixed planning
D
Market entry with no testing
Understanding the Answer
Let's break down why this is correct
Answer
The lean‑startup approach falls into the **strategic performance impact** category. By continuously testing ideas with real customers before launch, the startup aligns its product direction with actual market demand, reducing costly missteps. This proactive learning shortens time to market and builds a stronger competitive position. A small example is a company that tests a new app feature with a few users, learns it isn’t needed, and pivots before investing heavily, saving resources and improving long‑term strategy.
Detailed Explanation
Testing ideas early lets the startup learn what customers really want. Other options are incorrect because Misconception: thinking that a detailed plan guarantees success; Misconception: long-term plans are always better.
Key Concepts
Lean Startup Methodology
Hypothesis Testing
Customer Feedback Loop
Topic
Performance Impact of Lean Startup
Difficulty
easy level question
Cognitive Level
understand
Practice Similar Questions
Test your understanding with related questions
1
Question 1How does the Lean Startup Methodology ensure the viability of a business idea during early development?
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Question 2How does the Lean Startup methodology primarily impact firm performance over time?
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3
Question 3A startup has implemented the lean startup methodology by continually testing their product ideas with potential customers before fully launching them. Which category does this approach belong to in terms of performance impact?
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Question 4The lean startup methodology focuses on __________ to test business ideas and achieve better performance outcomes.
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Question 5How does the Lean Startup Methodology ensure the viability of a business idea during early development?
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Question 6How does the Lean Startup methodology primarily impact firm performance over time?
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Question 7The lean startup methodology focuses on __________ to test business ideas and achieve better performance outcomes.
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