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It fosters rapid experimentation leading to better market fit and sustainability.
It eliminates the need for customer feedback, making product development faster.
It relies solely on initial business plans, reducing the need for adaptation.
It focuses only on cost-cutting measures without considering customer needs.
Understanding the Answer
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Lean startup pushes teams to try tiny, quick tests that reveal whether customers want the product. Other options are incorrect because Many think lean startup skips listening to customers; Some believe the approach locks the company to its first plan.
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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