Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question 2. [12 points total] Answer the following two questions about the lean start-up method and the boundaries of lean experimentation: a) The Rent the

image text in transcribed

Question 2. [12 points total] Answer the following two questions about the lean start-up method and the boundaries of lean experimentation: a) The Rent the Runway team performed three tests to see whether there was sufficient demand for their idea of founding a company that would rent designer dresses to young women: 1. A trunk show at Harvard where women could try the dresses before renting them. 2. A trunk show at Yale where women could see but not try the dresses before renting them. 3. Emailing PDFs with pictures of dresses that could be rented by phone to a sample of 1,000 women. Why didn't Rent the Runway begin directly with Test 3 (the PDF test)? [6 points] b) Provide one example of a situation when the lean-startup tenet launch early and often cannot be applied or when there is little value in applying it. (One example in total is sufficient.) [6 points] Question 2. [12 points total] Answer the following two questions about the lean start-up method and the boundaries of lean experimentation: a) The Rent the Runway team performed three tests to see whether there was sufficient demand for their idea of founding a company that would rent designer dresses to young women: 1. A trunk show at Harvard where women could try the dresses before renting them. 2. A trunk show at Yale where women could see but not try the dresses before renting them. 3. Emailing PDFs with pictures of dresses that could be rented by phone to a sample of 1,000 women. Why didn't Rent the Runway begin directly with Test 3 (the PDF test)? [6 points] b) Provide one example of a situation when the lean-startup tenet launch early and often cannot be applied or when there is little value in applying it. (One example in total is sufficient.) [6 points]

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Real Estate Finance And Investments

Authors: William Brueggeman, Jeffrey Fisher

17th Edition

1264072945, 978-1264072941

More Books

Students also viewed these Finance questions