Large organisations too need to function as a lean startup while entering new markets, prioritising decisions that are data driven.

The loop helps companies evaluate customer problems much faster, leading to quicker and more effective ways to optimise products or platforms.

Since each product development cycle is directly related to the revenue model, this methodology fits adequately to validate the business model as well.

Swiss business theorist and author Alexander Osterwalder, proposes a Business Model Canvas that functions as a great framework to picture and analyse your company growth.

One realises the value of data, customer development and feedback right from the elementary stage of customer development to company building. | To read full story, visit https://startuparound.com/read/1581813982.840786/Data-is-the-queen-to-your-king,-the-customer?ref=audio_experience