Enfb 4170 stuvia - Study guides, Class notes & Summaries

What is lean start-up? - ANSWERSApplication of lean manufacturing thinking to innovation Where did lean startup originate? When was it fine tuned? Who is a good example of lean startups now a days? - ANSWERS1. 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 Entrepreneurship is a kind of ___________________________. - ANSWERSManagement Can entrepreneurship be taught? - ...

entrepreneurial strategy - ANSWERS1. think big 2. start small 3. fall quickly 4. grow fast start small - ANSWERSminimizes the losses from failure raise small amount of money less time to raise lower amount of money easier to measure results fail quickly - ANSWERSsave time saves money gets us to the right answer faster grow fast - ANSWERSwindow of opportunity closes fast get to break even faster get to profit faster