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Lean Startup Methodology
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Which of the following are key principles of the Lean Startup Methodology? Select all that apply.

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Choose AnswerChoose the Best Answer

A

Building a Minimum Viable Product (MVP)

B

Conducting comprehensive market research before any product development

C

Adopting a hypothesis-driven approach to testing assumptions

D

Iterating based on customer feedback

E

Focusing solely on long-term business planning

Understanding the Answer

Let's break down why this is correct

Building a Minimum Viable Product (MVP) lets you test ideas quickly. Other options are incorrect because Doing all market research first is a misconception; Thinking the main rule is testing assumptions is wrong.

Key Concepts

Lean Startup Methodology
Hypothesis Testing in Business
Minimum Viable Product
Topic

Lean Startup Methodology

Difficulty

medium level question

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understand

Deep Dive: Lean Startup Methodology

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Definition
Definition

The lean startup method involves a learning-by-doing approach for iterating early-stage business ideas. It focuses on hypothesis-based probing and business idea convergence to reduce uncertainty and improve business viability. The method emphasizes testing key assumptions and team composition.

Topic Definition

The lean startup method involves a learning-by-doing approach for iterating early-stage business ideas. It focuses on hypothesis-based probing and business idea convergence to reduce uncertainty and improve business viability. The method emphasizes testing key assumptions and team composition.

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