Exam 7: Testing and Experimenting With New Ideas

Experiments need to have a clear purpose,be achievable,and generate ______.

In ______,you try to book orders for your product before it has been developed.It is often used for crowdfunding.

A minimum viable product (MVP)has many advantages,but it is impossible to actually earn money from it.

Describe how experimentation helps a company move forward in a careful and cost-effective manner.

In an exploration of the idea for Rent the Runway,which offers rentals of designer dresses,what part of the basic storyboarding framework would highlight the concept of allowing women access to designer dresses for one-tenth of the original cost?

Sean has created an automatic cat feeder that will release small amounts of wet food at times set by the owner.He hopes that the unit will solve the problem of having to feed the cat multiple times a day or having to throw out food that has gone dry.He builds seven crude but serviceable units and asks friends with cats to test the product.He then obtains their feedback.What is this process called?

If you ask a potential customer to create their ideal version of your product,you are involved in creating a user-drive prototype.

Experiments do not need to be completed in order to produce results.

Why is experimentation required?

The Sybo team's first test of its hypothesis ("By automating the light adjustment process,surgeons and staff would achieve greater efficiency and enhanced focus on the patient during procedures.")consisted of what?

In storyboarding,who or what is at the center of the story?

In an exploration of the idea for Rent the Runway,which offers rentals of designer dresses,what part of the basic storyboarding framework would highlight the fact that the rental model gives many more women the opportunity to wear designer dresses,which they could have never afforded before?

For a prototype to be effective,it must communicate what our ideas would look like,behave like,and work like.

What is the term used in the text to describe a rough sketch of a basic business plan on any available paper?

Why is experimenting risky?

What is the goal of experiential prototyping?

When storyboarding,using a ______ can provide a "before and after" that shows your business in action.

The main problem with relying on experience in decision making is that some new ideas challenge what we thought we knew or what we thought we wanted.

Imagine that you are an entrepreneur making a new type of whiteboard.The board is exceptionally easy to clean and does not glare when pictures of it are taken.Describe why minimum viable product may or may not be a good choice for this idea.

Experimentation is a requirement for today's successful entrepreneurs.