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Build a sustainable business through iterative improvement from "summary" of The Lean Startup by Eric Ries
The idea behind the concept of building a sustainable business through iterative improvement is centered on the process of continuously making small adjustments to products or services based on feedback and data. This approach involves launching a minimum viable product (MVP) quickly to test assumptions and gather information that can drive future decisions. By iteratively improving the product through a series of small experiments, a company can avoid wasting resources on features that customers do not want or need. The key to this concept lies in the ability to quickly validate or invalidate assumptions through a Build-Measure-Learn feedback loop. This process involves building a prototype, measuring its performance, and learning from the data collected to inform the next iteration. By focusing on learning rather than simply ...
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