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Who is the author of 'The Lean Startup'?
What is the Lean Startup methodology primarily focused on?Shortening product development cyclesLearning from customer feedbackIterative product releasesCost reductionIncreasing team sizeAcquiring competitor companies
Finish the phrase: 'Build - Measure - ______'
What does MVP stand for in Lean Startup methodology?
What is a pivot in the context of the Lean Startup methodology?A course correction strategy designed to test new fundamental hypotheses about the productA strategy to change the product nameA strategy to raise more fundingA celebration after a successful product launch
According to Ries, when should startups consider to pivot?When they have discovered that their base assumptions are incorrectWhen they run out of moneyWhen they face competitionOnce a year
What is the fundamental activity of a startup, according to 'The Lean Startup'?
What is the purpose of creating an MVP (Minimum Viable Product)?To start the learning process as quickly as possibleTo impress investorsTo launch the final productTo avoid need for marketing
What is 'validated learning' according to 'The Lean Startup'?A process of demonstrating empirically that a team has discovered valuable truths about a startup's present and future prospects.A process of attending online coursesA process of learning from mentorsA process of learning from textbooks
According to 'The Lean Startup', how can startups ensure efficiency of their operations?