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It eliminates all risks associated with new ventures.
It allows entrepreneurs to test hypotheses quickly, reducing the time and cost of product development.
It focuses only on financial metrics to measure success.
It relies solely on traditional market research before launching products.
Understanding the Answer
Let's break down why this is correct
The Lean Startup lets entrepreneurs test small ideas fast, learn from real feedback, and adjust before spending much money or time. Other options are incorrect because The method does not remove every risk; The method is not only about money.
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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