Podcast
Questions and Answers
What is the fundamental activity of a startup according to the text?
What is the fundamental activity of a startup according to the text?
- Turning ideas into products, measuring customer response, and learning whether to pivot or persevere (correct)
- Holding innovators accountable
- Conducting thorough market research
- Focusing on a good plan and solid strategy
What concept does the Lean Startup approach introduce?
What concept does the Lean Startup approach introduce?
- The importance of having a fixed business plan from the start
- The need for extensive market research
- The concept of entrepreneur accountability
- Validating ideas through frequent experiments (correct)
Why do startups fail according to the text?
Why do startups fail according to the text?
- Overemphasis on building sustainable businesses
- Due to lack of solid strategy and market research (correct)
- Innovation accounting issues
- Not open to new ideas
What is a key aspect of the Lean Startup principles in terms of building a sustainable business?
What is a key aspect of the Lean Startup principles in terms of building a sustainable business?
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