Business Innovation and Process Needs Quiz

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10 Questions

Which of the following is not a guiding question for adapting processes?

How can I make the product more complex?

What is a suggested approach for putting a product to other uses?

Consider how people with different abilities or backgrounds might use it.

What is the purpose of the 'Eliminate' section in the text?

To explore simplifying or reducing parts of the product or service.

Which of the following is not mentioned as a way to adapt a product or process?

Completely redesign the product from scratch.

What is a suggested approach for adapting a product or process?

Consider increasing its speed or frequency.

What type of individuals are needed for the demands of customer discovery in startups?

People who are comfortable with chaos and failure

Why do some executives focus on execution activities like sales and marketing plans?

They are more familiar with these tasks than customer feedback

Why is measuring progress against a product launch or revenue plan considered false progress in many startups?

It ignores real customer feedback

What issue arises when business plans have revenue forecasts that assume flawless progress?

Excessive hiring and staffing per the plan

What is the consequence of most startups when sales don't align with the plan?

Transition to crisis management mode

Test your knowledge on unexpected occurrences and process needs in business innovation. Learn about how venture capitalists identify market 'pain' points and opportunities for new products or services.

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