What is the primary purpose of a Minimum Viable Product (MVP)?

To quickly learn from real customers

What is the goal of innovation accounting?

To track learning and progress accurately

What is the 'Leap of Faith' in Lean Startup?

A core assumption that must be tested early

Why is it important to test assumptions early in a startup?

To avoid building a product no one wants

Which of these is a sign to pivot?

Customer feedback shows no traction

What does 'Validated Learning' mean?

Learning backed by measurable customer behavior

What is The Lean Startup methodology?

The Lean Startup is a methodology that helps entrepreneurs build businesses and products through continuous innovation, validated learning, and quick iteration to reduce waste and improve success chances.

What is the purpose of a Minimum Viable Product (MVP)?

An MVP is a basic version of a product built with minimal features to test key assumptions and get feedback from real users early in the process.

What does Build-Measure-Learn mean?

Build-Measure-Learn is a feedback loop where startups build a product, measure user response, and learn whether to pivot or persevere based on the data.

Why are vanity metrics discouraged?

Vanity metrics, like total downloads or page views, can be misleading and don’t help in making real business decisions. Actionable metrics are preferred in Lean Startup.

How does Lean Startup help reduce waste?

By focusing only on what is necessary to validate assumptions and learning from real users, Lean Startup helps avoid building unnecessary features or products.

What is the 'Leap of Faith' assumption?

The 'Leap of Faith' is the most critical assumption a startup makes about its product or customer behavior. It must be tested early to avoid failure.

What is innovation accounting?

Innovation accounting is a way to measure progress in a startup by tracking validated learning, rather than traditional metrics like revenue or user growth in the early stages.

Why are small batches important in Lean Startup?

Small batches allow faster development, quicker feedback, and easier identification of problems, making the build-measure-learn loop more efficient.

Is Lean Startup only for tech companies?

No, Lean Startup principles can be applied to any industry or organization that wants to create new products or services with less risk and more learning.

Book Quiz 08 Lean Startup by Eric Ries

Q: What is a pivot in Lean Startup?

A pivot is a structured change in strategy without changing the vision, made when a startup learns that its current path is not leading to success.

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Time: 10 Minutes for 10 Question.

The Lean Startup - Knowledge Assessment

1. What is one danger of building too much before testing? (ज्यादा बनाने और टेस्ट करने से पहले का एक खतरा क्या है?)

Losing developer motivation (डेवलपर्स का मन हटना)

Product might be copied (प्रोडक्ट कॉपी हो सकता है)

Creating features nobody wants (ऐसी चीज़ें बनाना जो कोई नहीं चाहता)

Customers might not understand the UI (यूज़र इंटरफेस समझ न आना)

2. In Lean Startup, what does the Build–Measure–Learn cycle help with? (Lean Startup में Build–Measure–Learn चक्र किसमें मदद करता है?)

Validating ideas through experiments (एक्सपेरिमेंट्स से आइडिया को वैलिडेट करना)

Creating perfect designs (परफेक्ट डिज़ाइन बनाना)

Fast hiring (तेज़ भर्ती)

Reducing customer complaints (ग्राहकों की शिकायतें कम करना)

3. What is a pivot in Lean Startup terms? (Lean Startup में Pivot का मतलब क्या है?)

Changing the founder (संस्थापक को बदलना)

Shutting down the business (बिज़नेस बंद करना)

A structured course correction based on learning (सीख के आधार पर रणनीति में बदलाव)

Increasing marketing budget (मार्केटिंग बजट बढ़ाना)

4. Why are small batches preferred in Lean Startup? (Lean Startup में छोटे बैच क्यों पसंद किए जाते हैं?)

Easier to manage team (टीम को मैनेज करना आसान होता है)

Saves on office space (ऑफिस स्पेस बचती है)

Leads to faster learning and problem detection (तेज़ी से सीखने और समस्याओं को पकड़ने में मदद मिलती है)

Increases investor interest (निवेशकों की रुचि बढ़ती है)

5. In which situation should a startup consider pivoting? (किस स्थिति में एक स्टार्टअप को pivot करने पर विचार करना चाहिए?)

When revenue is increasing rapidly (जब रेवेन्यू तेज़ी से बढ़ रहा हो)

When customer feedback is very positive (जब ग्राहक बहुत खुश हों)

When experiments fail to show improvement (जब एक्सपेरिमेंट्स में सुधार न हो)

When team size increases (जब टीम का आकार बढ़े)

6. What is the best way to reduce waste in product development? (प्रोडक्ट डेवलपमेंट में waste कम करने का सबसे अच्छा तरीका क्या है?)

Hire more engineers (अधिक इंजीनियर रखना)

Avoid user testing (यूज़र टेस्टिंग से बचना)

Build only what is validated by learning (सिर्फ वही बनाना जो validated हो)

Launch late (लेट लॉन्च करना)

7. Which approach fits Lean Startup best? (Lean Startup के लिए सबसे उपयुक्त तरीका कौन-सा है?)

Long-term business plans (लंबी अवधि की बिज़नेस योजना)

Build fast and avoid testing (तेज़ी से बनाओ, टेस्ट मत करो)

Test small ideas quickly and learn (छोटे आइडिया जल्दी टेस्ट करना और सीखना)

Launch once and improve later (एक बार लॉन्च करना और बाद में सुधार करना)

8. Which type of metric is discouraged in Lean Startup? (Lean Startup में किस तरह के metric से बचने को कहा गया है?)

Actionable metrics (कार्रवाई योग्य डेटा)

Validated learning metrics (वैलिडेटेड लर्निंग डेटा)

Cohort metrics (कोहोर्ट डेटा)

Vanity metrics (फालतू दिखावे वाले डेटा)

9. Which is NOT a type of pivot mentioned in the Lean Startup? (Lean Startup में नीचे में से कौन-सा pivot का प्रकार नहीं है?)

Zoom-in pivot

Channel pivot

Design pivot

Customer segment pivot

10. What does joining the Lean Startup movement encourage you to do? (Lean Startup मूवमेंट से जुड़ने से आपको क्या करने के लिए प्रेरणा मिलती है?)

Avoid failure completely (असफलता से पूरी तरह बचें)

Build startups only in tech (सिर्फ टेक में स्टार्टअप बनाएं)

Apply lean principles to all areas of innovation (इनोवेशन के सभी क्षेत्रों में Lean principles लागू करें)

Stick to one product forever (एक ही प्रोडक्ट पर टिके रहें)

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