7.1 Iteration & Adaptive Decision-Making
Module 7 big question: Based on all my evidence, should I pivot or persevere, and how do I optimize my business model?
This is the Skill Track for Module 7. Here you build a capability you'll use in any career, whether or not you launch a venture. In lesson 7.2 you'll apply it to your own venture.
What you'll be able to do
- Synthesize evidence, make strategic decisions, and refine the complete business model.
- Explain the key frameworks for this module and when to use each one.
- Apply the skill in practice before the Venture Track asks you to use it on your own idea.
Evidence-Based Decision Making
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Synthesizing Qualitative and Quantitative Data
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The Pivot vs. Persevere Framework
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Types of Pivots (Customer Segment, Problem, Solution, Revenue Model, Channel, Technology)
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Agile Methodology for Entrepreneurship
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Iteration Strategies
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Strategic Thinking Under Uncertainty
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Decision-Making Biases and How to Avoid Them
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Learning from Failure
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Adaptive Leadership
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When to Quit vs. When to Persist
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Building Resilience and Grit
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Key frameworks
- Pivot Types (Ries)
- Build–Measure–Learn Loop (Lean Startup)
- Evidence Hierarchy (Observation → Opinion → Behavior → Payment)
- Sunk Cost Fallacy
- Confirmation Bias Mitigation
- Agile Principles Applied to Ventures
- Decision Matrix Tools
Check your understanding
Review questions for this lesson are coming soon.