Asked by Bridgette Grace on Feb 18, 2024
Verified
A CBI Insights study of startup postmortems found that more than 40 percent failed because of process inadequacy.
- Understanding the potential consequences of process inadequacy in a startup.
- Identifying the key areas where process inadequacy can lead to failure.
- Importance of having a well-defined and efficient process in startup operations.
Verified Answer
DG
Danielle GodinoFeb 18, 2024
Final Answer :
False
Explanation :
The CBI Insights study of startup postmortems found that the primary reason startups fail is due to a lack of market need for their product, not because of process inadequacy.
Learning Objectives
- Understanding the potential consequences of process inadequacy in a startup.
- Identifying the key areas where process inadequacy can lead to failure.
- Importance of having a well-defined and efficient process in startup operations.
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