Enfb 4170 Final Exam Questions And Answers

Step if the MVP cycle we went over in class {Ans: Build Measure Learn Which leads to validate learning then experiments}What is a *critical path*? {Ans: Longest Path, determines the length of time to complete the project.}Entrepreneurship is a kind of ___________________________. {Ans: Management}You need to either innovate or die you can not stay ______________. {Ans: complacent}Can entrepreneurship be taught? {Ans: Yes}Does the author of lean startup believe entrepreneurship can be taught? {Ans: Yes.}Sustainable Growth {Ans: New customers come from the action of past customers}T/F you can only have one MVP? {Ans: False, you can have more than one}Pivot {Ans: Need to come up with a new idea Stop! change the foundation assumption because something is wrong}Where did lean startup originate? When was it fine tuned? Who is a good example of lean startups now a days? {Ans: 1. came from Japanese car manufacturing 2. They fine-tuned it in the 60s-70s and then destroyed the American cars later on 3. Koreans are now doing this to the Japanese}You should always be testing a new ______________________________. {Ans: growth engine/sales channel}What are 4 ways that sustained growth can come from previous