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Clean up the mess with MVP
The document discusses the concept of Minimum Viable Product (MVP), highlighting its importance and common misconceptions in the business environment. It includes definitions from various experts, emphasizing that an MVP should deliver customer value while allowing for validated learning. The document also addresses the need for complete product features rather than partial ones, suggesting that MVPs should focus on maximizing returns and customer engagement.
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Clean up the mess with MVP
- 1. MVP Clean up themess with Test your knowledge and understanding Gena Drahun
- 2. . Steven Cohn Founder,CEO at Validately https://www.linkedin.com/pulse/death-minimum-viable- product-steven-cohn?articleId=77273329547267549671/ The MVP is the most misunderstood term I have ever experienced in business.
- 3. Test 1 MVP Knowledge& Understanding
- 4. Who is familiarwith this diagram?
- 5. What is wrongwith this diagram?
- 6. This is howoriginal image looks like
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- 10. Test 2 MVP Knowledge& Understanding
- 11. Do you knowwhat is MVP?
- 12. A Minimum ViableProduct is that version of a new product which allows a team to collect the maximum amount of validated learning about customers with the least effort. . Eric Ries Author of “Lean Startup” book, 2011 http://www.syncdev.com/minimum-viable-product/
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- 14. MVP is anexperiment. So easy…
- 15. But are alsoanother quite a different definition.
- 16. MVP is notan learning experiment, it should create customer value.
- 17. The minimum viableproduct is that product which has just those features and no more that allows you to ship a product that early adopters see and, at least some of whom resonate with, pay you money for, and start to gave you feedback on. . Eric Ries 2009 http://venturehacks.com/articles/minimum-viable-product
- 18. . Ash Maurya Authorof “Running Lean” and creator of “Lean Canvas” http://leanstack.com/minimum-viable-product// Minimum Viable Product is the smallest thing you can build that delivers customer value (and as a bonus captures some of that value back).
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- 21. We define MVPas… unique product that maximizes return on risk for both the vendor and the customer.. Frank Robinson Coined the term “Minimum Viable Product” in 2001 http://www.syncdev.com/minimum-viable-product/
- 22. . Frank Robinson, Coinedthe term “Minimum Viable Product” in 2001 http://www.syncdev.com/minimum- viable-product/ * Hurdle rate is the minimum acceptable rate of return. Most companies use 12% hurdle rate. * https://en.wikipedia.org/wiki/ Minimum_acceptable_rate_of_return
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- 26. Can we define,design and measure “Maximum amount of Love”????
- 27. This simply meansthat being just “usable” is not enough http://www.slideshare.net/spookstudio/the-minimum-loveable-product-31984451
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- 30. One solution thatjoins them all...
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- 32. Test 3 MVP Knowledge& Understanding
- 33. What is wrongwith this diagram?
- 34. . You cannot bake just a slice of cake. You need to bake the whole cake first.
- 35. ED 1 2 3 Gena Drahun, September 2015 | With compliments to Jussi Pasanen and Aaron Walter Build the product small but complete, not by a part, by a slice or by a layer.
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- 38. You can setthe level of “perfection” per individual feature
- 39. Choose the qualityof your product ingredients
- 40. * Stephen Anderson’s Experiences Pyramid Meaningful Pleasurable Usable FuncTonal
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