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1. Which of the following would be the most reliable way of learning more about a newly discovered opportunity that you are considering but still have questions about?
Response:
A) All of the above.
B) Hire a specialist to assess the potential size of the opportunity.
C) Design and run small experiments to learn and expand your understanding of the new opportunity.
D) Gather feedback from stakeholders on the potential value of the new opportunity.
2. You would like to improve your ability to respond to new market opportunities. Which measure would NOT help you to understand how to improve your responsiveness?
(choose the best answer)
Response:
A) Revenue per employee.
B) Technical Debt.
C) Cycle time.
D) On product index.
E) Velocity.
3. True or False: Achieving organizational goals is the accountability of the managers.
Response:
A) True
B) False
4. Your product is used by businesses of various sizes. A very large company, that is interested in your product, would like a set of features implemented if they were to purchase your product. As a customer, this company would significantly increase your revenue.
They also tell you that the features would improve your product and would win more customers. The requested features will be expensive and require extensive redesign. Also, you have not heard any similar feedback from any other customers or leads.
What is the most appropriate action?
Response:
A) Devise workarounds that will satisfy their request without needing a product redesign.
B) Create experiments to better understand their needs and possible alternatives.
C) Perform market research to evaluate the demand for the features within the broader market.
D) Implement the features in line with the request as they are an influential customer.
5. Which of the following will provide you with insight into the potential unrealized value of your product?
Response:
A) Measures of customer feature usage.
B) Surveys focusing on customer satisfaction.
C) Requests for new features filed by customers.
D) All of the above.
E) Analyzing competitive products.
Solutions:
| Question # 1 Answer: C | Question # 2 Answer: A | Question # 3 Answer: B | Question # 4 Answer: B | Question # 5 Answer: D |
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