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 Godino
Feb 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.
Related questions
Justin Opened a Physical Therapy Business in a New Location ...
One Reason New Companies Fail Is Because the Wrong Processes ...
Service Operations Tend to Be Labor Intensive
To Increase Efficiency and Eliminate Unnecessary Steps, Managers Should Consider ...
There Is a Direct Trade-Off Between Lower Costs and Higher ...