Exploratory (Lean Startup) Lifecycle

Correct Answer: When the team has validated key hypotheses and established product-market fit

The transition from Explore to Transition phase in Lean Startup occurs when the team has validated their key hypotheses and established product-market fit. This indicates that the essential assumptions about the business model and product value have been proven through experimentation and customer feedback. The other answers are incorrect because: Completing planned experiments according to a roadmap is too rigid and goes against the adaptive nature of Lean Startup methodology - experiments should be driven by learning needs, not predetermined plans. Stakeholder approval of final design specifications assumes a waterfall-like approach and premature finalization, which contradicts the iterative nature of Lean Startup. Developing complete features and obtaining budget approval focuses on internal organizational processes rather than market validation, which is the core principle of Lean Startup methodology.

Correct Answer: Testing business hypotheses through rapid experimentation and validated learning

The key characteristic of the Explore phase in Lean Startup is testing business hypotheses through rapid experimentation and validated learning. This is correct because: Lean Startup methodology emphasizes quick validation of business assumptions through actual experimentation and learning from results, rather than extensive planning. The other options are incorrect because: Testing technical requirements and coding standards through documentation focuses on technical aspects rather than business validation, which misses the core purpose of exploration. Conducting market research and creating detailed specifications before development contradicts the Lean principle of rapid experimentation and learning. Following predefined development steps based on traditional methodologies opposes the exploratory, experimental nature of Lean Startup, which emphasizes adaptability and learning from real-world feedback.

Correct Answer: To validate key business hypotheses and learn from customer feedback

The primary purpose of creating a Minimum Viable Product (MVP) in the Lean Startup lifecycle is to validate key business hypotheses and learn from customer feedback. This is the correct approach because: - It aligns with the core principles of the Lean Startup methodology - It enables rapid learning and validation of assumptions - It helps minimize waste by testing market fit before full investment - It focuses on gathering actual customer feedback early in the process The other options are incorrect because: - Creating a complete set of features before market launch contradicts the lean principle of early validation and learning - Building a fully functional product that meets all requirements upfront is wasteful if market fit hasn't been validated - Focusing primarily on technical feasibility misses the crucial aspect of market validation and customer feedback The MVP approach emphasizes learning and validation as the primary goals, making it a fundamental tool in the Exploratory lifecycle for risk reduction and customer-centric development.