ITPEC IP October 2024 Question 85
ITPEC IP October 2024 — Question 85 of 100
Lean startup tests business assumptions through repeated build-measure-learn cycles using a minimum viable product. Instead of investing heavily before learning what customers value, the team builds the smallest useful experiment, measures real response, learns whether the hypothesis is supported, and then improves, pivots, or stops. Short feedback cycles reduce uncertainty and waste.
Answer (d)
Why not others:
- (a) Cannibalization occurs when a new offering takes sales from the organization's existing offering
- (b) Business operations modeling represents processes and workflows
- (c) Digital transformation is broader organizational and business change enabled by digital technology
Key rule: Hypothesis plus MVP plus rapid validated learning identifies the lean-startup approach.
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