Question: 3. Lean Startup: Build-Measure-Learn (10 marks) The Lean Startup is designed to teach one how to drive a Startup. Instead of making complex plans that

3. Lean Startup: Build-Measure-Learn (10 marks) The Lean Startup is designed to teach one how to drive a Startup. Instead of making complex plans that are based on a lot of assumptions, one can make constant adjustments with a steering wheel called the Build-Measure-Learn feedback loop. Through this process of steering, one can learn when and if it's time to make a sharp turn called a pivot or whether we should persevere along our current path. Once we have an engine reeved up, the Lean Startup offers methods to scale and grow the business with maximum acceleration. Startups also have a true north (like a compass pointing out the direction), a destination in mind: creating a thriving and world-changing business, which is a Startup vision. To achieve that vision, Startups employ a strategy, which includes a business model, a product road map, a point of view about partners and competitors, and ideas about who the customer will be. Assess the above research findings and put forward your views by explaining when and where the product does comes into the process of Build-Measure-Learn feedback loop of a Startup which is into manufacturing. (Maximum word limit is 600 and the same to be mentioned at the end of the write up) As per the instructions received from the office of the Dean Academics.... All submissions have to include the mandatory plagiarism check with 12% or below plagiarised score. Students are advised to attach a plagiarism check report along with their submission. If any sources of scholarly articles are referred to in the assessment, proper referencing has to be furnished in APA style of referencing
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