Process to quickly test hypotheses and ideas by rapid prototyping and piloting. Used to gather customer feedback.
Due Diligence: A thorough assessment of a business or asset pre-transaction to evaluate risks and opportunities.
Exchange: A process where parties trade goods, services, or ideas, fostering innovation and value creation in business ecosystems.
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Experimentation is key to successful innovation. By testing assumptions and gathering data, companies can make evidence-based decisions to avoid product failures.