Lean Startup Methodology

5.

Critiques and Common Misconceptions

5.1.

Misinterpreting the MVP

5.1.1.

Minimum vs. Viable

5.1.2.

The Risk of Low-Quality Products

5.1.3.

Customer Perception of MVPs

5.1.4.

Quality Standards

5.2.

Lean Startup vs. Traditional Business Plans

5.2.1.

Differences in Approach

5.2.2.

Planning vs. Learning

5.2.3.

Advantages and Disadvantages

5.2.4.

Hybrid Approaches

5.3.

The Role of Vision and Long-Term Strategy

5.3.1.

Balancing Short-Term Learning with Long-Term Goals

5.3.2.

Avoiding Short-Sightedness

5.3.3.

Strategic Patience

5.4.

Limitations in Certain Industries

5.4.1.

Applicability to Hardware Startups

5.4.2.

Regulatory and Compliance Challenges

5.4.3.

Capital-Intensive Industries

5.4.4.

Suitability for B2B vs. B2C

5.5.

The Just Do It Fallacy

5.5.1.

Misconceptions About Experimentation

5.5.2.

Importance of Hypothesis-Driven Action

5.5.3.

Structured vs. Random Testing

5.6.

Other Common Pitfalls

5.6.1.

Over-Reliance on Data

5.6.2.

Ignoring Qualitative Insights

5.6.3.

Misapplying Lean Startup Concepts

5.6.4.

Analysis Paralysis

5.6.5.

Premature Scaling

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4. Implementation and Scaling

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1. Foundations of the Lean Startup