Question: According to the article Why the Lean Start-Up Changes Everything growth in startups was constrained in the past by which of the following factors? Long

According to the article "Why the Lean Start-Up Changes Everything" growth in startups was constrained in the past by which of the following factors? Long technology development cycles Widespread expertise concerning how to conduct innovation activities. Too many people who appreciated the risks inherent in launching new products. Abnormally high success rates of competitive products. The low cost of getting the first customer. Question 4 5 pts How do "Lean Startup (LS) methods differ from Traditional (T) methods (according to the article, "Why the Lean Startup Changes Everything")? In LS, speed is generated by fast decisions; in T, speed is generated by using incomplete data, LS focuses on new products; T strategy focuses on customer development In LS. failure is avoided; in T. failure is considered acceptable. OLS strategy is driven by a business plan; T strategy is driven by hypotheses. LS organizations hire for learning and nimbleness: Torganizations hire for experience and the ability to execute

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!

According to the article "Why the Lean Start - Up Changes Everything", growth in startups was constrained in the past by which of the following factors? Group of answer choices Abnormally high...

A SOBRE CW - Word (Product Activation Failed 27790097840 File Home Insert Design Layout References Mailings Review View Developer Help Tell me what you want to do 9. Share X out ELT Calibri (Body:...

In recent years a new methodology was introduced that could change the way corporate organizations plan and implement new products, processes, and services. Lean start-up is a methodology for...

Please answer below with elaborative justification from the attached cases below: What is similar and different about the two case companies? How important is the ProFusion platform to Adnexus?...

Summarize the evolution of cost processing in Greece from 1985-2015. Your response must be at least 400 words in length. The evolution of costing during the period 1985-2015: Progress or inactivity?...

1. Drawing on your knowledge of the PESTEL model , analyse the external environment facing the pharmaceutical industry and identify the key external factors which impact on the company. (Case Study...

Journal of Open Innovation: Technology, Market, and Complexity MDPI Article Emerging Technology and Business Model Innovation: The Case of Artificial Intelligence Jaehun Lee 1.", Taewon Suh , Daniel...

(Short-Answer and Algebraic Questions): (The numbers in square brackets give the breakdown of the points for various parts of each question. please explain your answers.) 1. This questions is based...

This text was adapted by The Saylor Foundation under a Creative Commons Attribution-NonCommercial-ShareAlike 3.0 License without attribution as requested by the work's original creator or licensee. 1...

will you please answer my questions i just posted 6. Audit Considerations: a. What material types of transactions and transaction cycles are involved? b. What are the high-risk areas? c. What are the...

List and discuss in detail each of the advantages of a decentralized system versus a decentralized system. List and explain the characteristics of each type and sub-type of grants. List and briefly...

Suppose that three fair dice are tossed. Let Ai be the event that a 6 shows on the ith die, i = 1, 2, 3. Does P (A1 A2 A3) = 1 / 2? Explain.

A company that is using the internal rate of return ( IRR ) to evaluate projects should accept a project if the IRR: Group of answer choices is greater than the project's net present value. equates...

atch the compensation objectives with their meanings. Efficiency Efficiency drop zone empty. Fairness Fairness drop zone empty. Compliance Compliance drop zone empty. Improving performance and...