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Performance Impact of Lean Startup
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How does the Lean Startup methodology primarily impact firm performance over time?

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Learning Path

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A

By promoting rapid testing and learning from customer feedback

B

By ensuring all projects are completed before market entry

C

By focusing solely on product development without market validation

D

By minimizing employee involvement in decision-making processes

Understanding the Answer

Let's break down why this is correct

Lean Startup pushes quick tests called "minimum viable products" and gathers real user feedback. Other options are incorrect because Some think Lean Startup waits until a product is finished before releasing; Lean Startup does not ignore the market.

Key Concepts

Lean Startup Methodology
Firm Performance
Customer Feedback Loop
Topic

Performance Impact of Lean Startup

Difficulty

medium level question

Cognitive Level

understand

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Definition
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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