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1. Over a million customers use BLOOM company's product. BLOOM recently implemented and released a particular feature that they believed would be widely adopted by the users.
After gathering enough data from the test, it is concluded that the feature functions as intended however the usage rate was surprisingly low.
What should BLOOM do?
Response:
A) Enlarge the sample size by extending the length of the original experiment.
B) Deem the new feature unsuccessful and proceed to implement the next feature.
C) Devise a new experiment to learn whether usability issues are causing the problem.
2. True or False: Goals are made more practical and actionable by breaking them down into department, group, and team levels.
Response:
A) False
B) True
3. What are two key elements to an effective strategic goal?
(choose the best two answers)
Response:
A) It,s time-boxed.
B) It,s measurable.
C) It,s actionable.
D) It,s specific.
E) It,s realistic.
4. 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.
5. You want to know the potential value that your product could, but does not yet, deliver. Which of the following is the most helpful?
(choose the best answer)
Response:
A) Interviewing users who tried your product but did not buy.
B) None of the above.
C) Testimonials about why your customers choose your product.
D) Asking your customers what they like about the product.
E) All of the above.
F) Competitor research and their market shares.
Solutions:
| Question # 1 Answer: C | Question # 2 Answer: A | Question # 3 Answer: B,D | Question # 4 Answer: C | Question # 5 Answer: A |
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