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Question & Answer
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To increase product development time
To confirm customer needs before investing in product development
To reduce customer feedback
To eliminate the need for a business model
Understanding the Answer
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Market validation lets a team check that people actually want the product before spending time and money building it. Other options are incorrect because Some think validation slows everything, but it actually speeds things up; Validation does not reduce feedback; it creates more.
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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