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Question & Answer
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Continuous customer feedback allows for timely adjustments in product development
The method encourages excessive resource allocation to initial ideas
Firms are less focused on market validation during the initial phases
The lean startup method discourages collaboration among team members
Understanding the Answer
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The lean startup relies on hearing customers right away. Other options are incorrect because Some think lean startups spend a lot of money on ideas before testing; The idea that startups ignore the market is a misunderstanding.
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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