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MVP, You keep using that word. I don't think it means what you think it does

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MVP is probably the most misused and abused word in the Agile/Lean lexicon. Instead of being all about learning and experimentation it has come to mean 'The Crappiest Thing We Can Get Away With'

So why do we need MVPs? What are they really? And what are some examples of famous MVPs..

Published in: Business

MVP, You keep using that word. I don't think it means what you think it does

  1. 1. MINIMUM VIABLE PRODUCT Erwin van der Koogh Elabor8 / 21st Century MBA erwin.vanderkoogh@elabor8.com.au @evanderkoogh
  2. 2. You keep using that word. I don’t think it means what you think it means..
  3. 3. SO WHAT DOES IT NOT MEAN? •What we can build before the deadline •What is possible within the project budget •The first version we are going to deliver •The least we can get away with
  4. 4. REMEMBER KANO?
  5. 5. WE WANT TRUE LOVE..
  6. 6. LEAN STARTUP “A startup is a human institution designed to find true love under conditions of extreme uncertainty” - Eric Ries
  7. 7. CYNEFIN 4 Types of problems: •Simple •Complicated •Complex •Chaotic
  8. 8. SIMPLE
  9. 9. SENSE CATEGORISE RESPOND BEST PRACTICES
  10. 10. COMPLICATED
  11. 11. SENSE ANALYSE RESPOND GOOD PRACTICES
  12. 12. COMPLEX
  13. 13. PROBE SENSE RESPOND GOOD PRACTICES
  14. 14. CYNEFIN 4 Types of problems: •Simple •Complicated •Complex •Chaotic
  15. 15. MINIMUM VIABLE PRODUCT “A minimum viable product is that version of a product which allows a team to collect a maximum amount of validated learning about true love with the least effort.” Eric Ries
  16. 16. SOME EXAMPLES 404 A/B
  17. 17. MVPS DONE RIGHT
  18. 18. FROM SOLUTION-FINDER TO PROBLEM-UNDERSTANDER
  19. 19. WHICH MEANS PROJECTS ARE LIKE..
  20. 20. THEY SEPARATE US
  21. 21. AUDIENCE PARTICIPATION Q:Who are typical customers of Facebook? A:Advertisers Q:What does that make us? A:The Product
  22. 22. YOU FOUND A CUSTOMER NOW WHAT?!
  23. 23. EXPERIENCE ECONOMY
  24. 24. THAT REQUIRESYOU TO BE A PARTNER TO SALES/BUSINESS INSTEAD OF A SUPPLIER
  25. 25. WHO DO YOU WANT TO BE?

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