Experiments include which of the following aspects?

Experiments include which of the following aspects?
A . Forming a hypothesis for improvement.
B. Adapting your goals or your approach based on what you learned.
C. Running the experiments.
D. Inspecting results.
E. All of the above / all of the listed options.

View Answer

Answer: E

Explanation:

The Experiment Loop helps organizations move from their Current State toward their Next Target Goal, and ultimately their Strategic Goal, by taking small, measured steps, called experiments, using explicit hypotheses.3 This loop consists of:

● Forming a hypothesis for improvement. Based on experience, form an idea of something you think will help you move toward your Next Target Goal, and decide how you will know whether this experiment succeeded based on measurement.

● Running your experiments. Make the change you think will help you to improve and gather data to support or refute your hypothesis.

● Inspecting your results. Did the change you made improve your results based on the measurements you have made? Not all changes do; some changes actually make things worse.

● Adapting your goals or your approach based on what you learned. Both your goals and your improvement experiments will likely evolve as you learn more about customers, competitors, and your organization’s capabilities. Goals can change because of outside events, and your tactics to reach your goals may need to be reconsidered and revised. Was the Intermediate Goal the right goal? Is the Strategic Goal still relevant? If you achieved the Intermediate Goal, you will need to choose a new Intermediate Goal. If you did not achieve it, you will need to decide whether you need to persevere, stop, or pivot toward something new. If your Strategic Goal is no longer relevant, you will need to either adapt it, or replace it.