Question: 1. Customer validation is the phase of the Customer Development model where you obtain hard evidence regarding the possible success of your business model. Why

1. Customer validation is the phase of the Customer Development model where you obtain hard evidence regarding the possible success of your business model. Why is this so? Please explain.

2. Customer validation helps you avoid building a product that no one wants. Why?

3. Hearing customers say that they would buy your product is nice but it is ultimately meaningless. Why is this so?

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

A. Dr. George E. Beeper is a single taxpayer born on September 22, 1970. He lives at 45 Mountain View Dr., Apt. 321, Spokane, WA 99210. Dr. Beepers Social Security number is 775-88-9531. Dr. Beeper...

Course: MGMT9730: Human Resources Planning Topic: Outsourcing Read the Rana and Change Cases Questions: 1. What went wrong with Rana? 2. Thinking of all the concepts you have learned in class what...

JPMA-01726; No of Pages 12 Available online at www.sciencedirect.com ScienceDirect International Journal of Project Management xx (2015) xxx - xxx www.elsevier.com/locate/ijproman Does Agile work? A...

this is my assessment which are am going to send you and i need some things about my assessment : Adding some more detail and diving into the case study a bit deeper would really make your points...

Chapter 10 Business Process and Information Systems Development \"Jeff, we clean the clubhouse restrooms twice a day . . . in the morning before 7 and again just before lunch. We've been doing that...

ISSUES IN ACCOUNTING EDUCATION Vol. 26, No. 3 2011 pp. 521-545 American Accounting Association DOI: 10.2308/iace-50031 Breach of Data at TJX: An Instructional Case Used to Study COSO and COBIT, with...

Based on the information provided in the case, briefly discuss how would the use of activity-based costing help Tim Lahn determine proper manufacturing cost for BMA 3C4. IMA The Association of...

A vendor is recommending a program to make supervisors better at 'dealing with difficult conversations' at work. How would you apply the concepts of optimisation and the Kirkpa- trick model to set up...

Is it possible to estimate the ROI of training for all training programs? Which are more or less susceptible to this calculation? 6 TRAINING AND DEVELOPMENT CFO asks CEO, 'What happens if we invest...

PROGRAMME HANDBOOK: JANUARY 2016 INTAKE ASSIGNMENT 2: HUMAN RESOURCES DEVELOPMENT Read the case study below and answer the questions that follow. National HRD in Finland, Russia, and South Africa...

Study Guide Strategic Business Management By A. J. Cataldo About the Author A. J. Cataldo is currently a professor of accounting at West Chester University, in West Chester, Pennsylvania. He holds a...

On May 2, 2016, HPF Vacations received its April bank statement from First City Bank and Trust. Enclosed with the bank statement, which appears below, was a debit memorandum for $160 that covered an...

Auditors have a responsibility to evaluate whether financial statements properly reflect all known evg Multiple Choice date of the financial statements. date of the auditors' report. subsequent...

As the manager of Smith Construction, you need to make a decision on the number of homes to build in a new residential area where you are the only builder. Unfortunately, you must build the homes...