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Day 1

Questionario Day 1 EN

Who coined the term "Lean Startup"?
a) Steve Blank
b) Jeff Bezos
c) Eric Ries
d) Mark Zuckerberg
What is the main aim of the Lean Startup methodology?
a) To raise as much funding as possible
b) To minimize waste and reduce business risks
c) To hire the most qualified team
d) To maximize profit
Where does the "Lean” in Lean Startup originally come from?
a) The Lean Manufacturing system of Toyota
b) The Lean Cuisine diet plan
c) The Lean Body workout program
d) The Lean Startup is an original concept
What does the Build-Measure-Learn cycle entail?
a) Building a full product, measuring its impact, learning from its failures
b) Building a minimum viable product, measuring customer response, learning from the feedback
c) Building a business plan, measuring its feasibility, learning from market trends
d) Building a company structure, measuring team performance, learning from HR reviews
What is a Minimum Viable Product (MVP)?
a) The least number of employees needed to start a company
b) The simplest form of a product that can be released to start the learning process
c) The minimum amount of funding needed to launch a startup
d) The smallest office space required for a startup team
What does a 'pivot' refer to in the Lean Startup context?
a) Shifting the company's location
b) Changing the CEO of the company
c) Shifting the product or business strategy based on learnings
d) Changing the company's name
Why is customer feedback important in Lean Startup?
a) It helps in getting customer endorsements
b) It helps in understanding whether the product meets customer needs
c) It helps in building customer service strategies
d) It helps in conducting market surveys
How is Lean Startup related to innovation?
a) It encourages copying competitors' successful products
b) It promotes adherence to traditional business models
c) It encourages experimentation and learning from failures
d) It promotes sticking to proven strategies
What role does Lean Startup methodology play in growth management?
a) It helps in quickly scaling up, irrespective of market conditions
b) It helps in managing growth effectively through learning and iterating
c) It encourages rapid growth by hiring more employees
d) It promotes growth through aggressive marketing
In the context of Lean Startup, what does ‘persevere’ mean?
a) To stick with the original plan no matter what
b) To continue testing a hypothesis based on data received
c) To resist changes and stay rigid
d) To give up when encountering obstacles
What is the goal of 'validated learning'?
a) To justify the founders’ original ideas
b) To verify the existence of a market for a product before fully developing it
c) To educate the startup team on business strategies
d) To validate the company's financial status
What does 'waste' refer to in the Lean Startup methodology?
a) Unnecessary meetings and discussions
b) Extra office space
c) Any activity that does not add value to the customer
d) Unused office supplies
Why is Lean Startup considered a mindset?
a) Because it requires thinking big
b) Because it requires a specific attitude towards failure and learning
c) Because it involves continuous worry about finances
d) Because it requires a strong belief in one's product
Which of these companies is famous for using Lean Startup principles?
a) Coca-Cola
b) Dropbox
c) Ford
d) McDonald's
How is the Lean Startup methodology different from traditional business strategies?
a) It focuses on profit over customer satisfaction
b) It advocates for larger teams and extensive resources
c) It embraces uncertainty, experimentation, and iterative design
d) It emphasizes a rigid adherence to the initial business plan


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