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Performance Impact of Lean Startup
easy

A startup has implemented the lean startup methodology by continually testing their product ideas with potential customers before fully launching them. Which category does this approach belong to in terms of performance impact?

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Learning Path
Learning Path

Question & Answer
1
Understand Question
2
Review Options
3
Learn Explanation
4
Explore Topic

Choose AnswerChoose the Best Answer

A

Hypothesis-driven development

B

Traditional business planning

C

Long-term fixed planning

D

Market entry with no testing

Understanding the Answer

Let's break down why this is correct

Testing ideas early lets the startup learn what customers really want. Other options are incorrect because Misconception: thinking that a detailed plan guarantees success; Misconception: long-term plans are always better.

Key Concepts

Lean Startup Methodology
Hypothesis Testing
Customer Feedback Loop
Topic

Performance Impact of Lean Startup

Difficulty

easy level question

Cognitive Level

understand

Deep Dive: Performance Impact of Lean Startup

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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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