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It allows startups to iterate on their product until they find a sustainable business model.
It focuses solely on reducing operational costs without considering customer feedback.
It emphasizes developing a product based on extensive market research before launch.
It encourages startups to prioritize marketing over product development.
Understanding the Answer
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Validated learning means trying an idea, asking real customers what they think, and then fixing what doesn’t work. Other options are incorrect because Some think cutting costs alone can solve product problems; Doing a lot of market research first sounds smart, but research can become outdated fast.
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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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