DT week 2
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Questions and Answers

Which type of experiment is designed to get feedback from customers and is more informal?

  • Divergent experiments (correct)
  • Convergent experiments
  • Blind testing
  • Randomly assigned participants
  • What is the purpose of a business experiment?

  • To determine the difference between the test and control groups
  • To prevent participants from unintentionally influencing the outcome
  • To ensure that external factors do not influence the outcome
  • To test a lot of ideas quickly and cheaply (correct)
  • Which path to scaling up an innovation allows for the quickest iteration after launching?

  • Polished rollout
  • Polished launch
  • MVP launch (correct)
  • MVP rollout
  • What is one of the challenges of building a test-and-learn culture in an organization?

    <p>Risk aversion</p> Signup and view all the answers

    What is the role of leadership in an organization embracing experimentation?

    <p>Posting the right questions</p> Signup and view all the answers

    Why is it important for businesses to plan to fail and celebrate smart failures?

    <p>To avoid all risks</p> Signup and view all the answers

    Which step in the convergent experimental method involves dividing the population into two groups, the test group and the control group?

    <p>Step 3: Randomize your test and control</p> Signup and view all the answers

    What is the purpose of step 6 in the convergent experimental method?

    <p>To translate ideas into prototypes</p> Signup and view all the answers

    What are the four options for decision-making in step 8 of the convergent experimental method?

    <p>Proceed, Pivot, Prepare for launch, Pull the plug</p> Signup and view all the answers

    What is the minimum sample size required in each group for step 4 of the convergent experimental method?

    <p>n=100</p> Signup and view all the answers

    Which of the following is a key characteristic of innovation in the digital age?

    <p>Rapid experimentation and continuous learning</p> Signup and view all the answers

    What is the purpose of a business experiment?

    <p>To test a lot of ideas quickly and cheaply</p> Signup and view all the answers

    Which type of experiment requires an independent variable (cause) and one or more dependent variables (effect)?

    <p>Convergent experiments</p> Signup and view all the answers

    What is one of the main principles of formal experiments?

    <p>Casual hypothesis</p> Signup and view all the answers

    What is the role of convergent experiments in innovation?

    <p>To test a lot of ideas quickly and cheaply</p> Signup and view all the answers

    Which type of experiment is more informal and designed to get feedback from customers?

    <p>Divergent experiments</p> Signup and view all the answers

    What is the purpose of blind testing in experiments?

    <p>To prevent participants from unintentionally influencing the outcome</p> Signup and view all the answers

    Why is it important for businesses to utilize both convergent and divergent experiments?

    <p>To ensure statistically valid sample size</p> Signup and view all the answers

    What are the main principles of formal experiments?

    <p>Casual hypothesis, test and control groups, randomly assigned participants</p> Signup and view all the answers

    What is the purpose of rapid experimentation and continuous learning in the digital age?

    <p>To test a lot of ideas quickly and cheaply</p> Signup and view all the answers

    Which path to scaling up an innovation allows for the quickest iteration after launching?

    <p>MVP launch</p> Signup and view all the answers

    What is the purpose of building a test-and-learn culture in an organization?

    <p>To embrace experimentation and recognize the imperfection of management's own judgment</p> Signup and view all the answers

    What is the role of leadership in an organization embracing experimentation?

    <p>To ask the right questions</p> Signup and view all the answers

    What are the risks of an organizational culture that avoids failure?

    <p>Risk aversion, loss of learning, and throwing good money after bad</p> Signup and view all the answers

    What is the purpose of planning to fail and celebrating smart failures?

    <p>To create a culture that embraces experimentation and learning from failures</p> Signup and view all the answers

    What are the four paths to scaling up an innovation?

    <p>MVP rollout, MVP launch, Polished rollout, Polished launch</p> Signup and view all the answers

    What are the organizational challenges of innovation?

    <p>Building a test-and-learn culture, leading without deciding, involving everyone, planning to fail and celebrating it</p> Signup and view all the answers

    How can companies compensate for the imperfection of management's own judgment?

    <p>By embracing experimentation and testing every aspect</p> Signup and view all the answers

    What is the minimum sample size required in each group for step 4 of the convergent experimental method?

    <p>It depends on the specific experiment</p> Signup and view all the answers

    What type of experiment is designed to get feedback from customers and is more informal than convergent experiments?

    <p>Customer feedback experiment</p> Signup and view all the answers

    Which step in the convergent experimental method involves dividing the population into two groups, the test group and the control group?

    <p>Step 3: Randomize your test and control</p> Signup and view all the answers

    Which type of experiment is designed to get feedback from customers and is more informal than convergent experiments?

    <p>Divergent experiments</p> Signup and view all the answers

    What is the minimum sample size required in each group for step 4 of the convergent experimental method?

    <p>n=100</p> Signup and view all the answers

    Which path to scaling up an innovation allows for the quickest iteration after launching?

    <p>Pivot</p> Signup and view all the answers

    What is the purpose of a business experiment?

    <p>To test assumptions and learn</p> Signup and view all the answers

    What are the four options for decision-making in step 8 of the convergent experimental method?

    <p>Proceed, Pivot, Prepare for launch, Pull the plug</p> Signup and view all the answers

    Why is it important for businesses to plan to fail and celebrate smart failures?

    <p>To learn from mistakes and improve</p> Signup and view all the answers

    What is the purpose of step 6 in the convergent experimental method?

    <p>To build prototypes</p> Signup and view all the answers

    What is one of the challenges of building a test-and-learn culture in an organization?

    <p>Resistance to change</p> Signup and view all the answers

    Which of the following is NOT one of the main principles of formal experiments?

    <p>Fall in love with the problem</p> Signup and view all the answers

    What is the role of leadership in an organization embracing experimentation?

    <p>To set clear goals and expectations</p> Signup and view all the answers

    Study Notes

    Types of Experiments

    • A/B experiment is designed to get feedback from customers and is more informal
    • Convergent experiment is more formal and requires an independent variable (cause) and one or more dependent variables (effect)

    Purpose of Business Experiments

    • The purpose of a business experiment is to test hypotheses, reduce uncertainty, and inform decision-making

    Scaling Up Innovations

    • The quickest iteration after launching is allowed by the path of rapid experimentation and continuous learning
    • The four paths to scaling up an innovation are:
      • Rapid experimentation and continuous learning
      • Partnering with other companies
      • Acquiring new companies
      • Building new capabilities

    Challenges of Test-and-Learn Culture

    • One of the challenges of building a test-and-learn culture in an organization is overcoming the fear of failure
    • The risks of an organizational culture that avoids failure include:
      • Missed opportunities
      • Lack of innovation
      • Stagnation

    Role of Leadership

    • The role of leadership in an organization embracing experimentation is to:
      • Embrace a culture of experimentation
      • Encourage experimentation and learning
      • Celebrate smart failures
    • Leadership should compensate for the imperfection of management's own judgment by:
      • Testing assumptions
      • Validating hypotheses
      • Fostering a culture of experimentation

    Convergent Experimental Method

    • Step 4 of the convergent experimental method requires a minimum sample size of 30 in each group
    • Step 6 of the convergent experimental method involves testing hypotheses
    • The four options for decision-making in step 8 of the convergent experimental method are:
      • Reject the null hypothesis
      • Fail to reject the null hypothesis
      • Accept the alternative hypothesis
      • Fail to accept the alternative hypothesis
    • The purpose of convergent experiments is to test hypotheses and inform decision-making

    Innovation in the Digital Age

    • A key characteristic of innovation in the digital age is rapid experimentation and continuous learning
    • The purpose of rapid experimentation and continuous learning is to iterate quickly and adapt to changing market conditions

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