MVP - Minimal Viable Product

Editor

10th Apr'20

MVP

A minimum viable product (MVP) is a concept from a Lean Start-up that emphasizes the impact of learning in new product development. Eric Ries defined an MVP as that version of a new product which allows a team to collect the maximum amount of validated learning about customers with the least effort. This validated learning comes in the form of whether your customers will actually purchase your product.

 

It is a version of a product with few features to satisfy early customers and provide feedback for the future. Gathering insights from an MVP is often less expensive than developing a product with more features, which increases costs and risk if the product fails, for example, due to incorrect assumptions

 

Well-planned use of an MVP means that a team may dramatically change a product that they deliver to their customers or abandon the product together based on feedback they receive from their customers. The minimum aspect of MVP encourages teams to do the least amount of work possible to get useful feedback.

 

Purposes :  

  • Be able to test a product hypothesis with minimal resources
  • Accelerate learning
  • Reduce wasted engineering hours
  • Get the product to early customers as soon as possible
  • The base for other products
  • To establish builders abilities in crafting the product required
  • Quickly Brand building

 

 

Key MVP elements

 

An MVP must include these key elements in production quality:

 

 

 Functionality - the set of features must deliver clear value to the user,

 

 Design - the design of the MVP must be up to the highest industry standard,

 

 Reliability - production quality standard needs to be achieved by rigorous testing

 

 Usability - the MVP must be easy to use and intuitive,

 

 

Results from a minimum viable product test aim to indicate if the product should be built, to begin with. Testing evaluates if the initial problem or goal is solved in a manner that makes it reasonable to move forward.

 

Most start-ups fail. But many of those failures are preventable. The Lean Start-up is a new approach being adopted across the globe, changing the way companies are built and new products are launched.

 

The Editorial Team at OpenGrowth is working to provide you with the perfect place to know everything about startups. Feel free to connect to us.

Comments

BLANK ATM CARD

7th Apr'22 01:19:06 AM

We Bring To You Good News From Hennager Blank ATM Cards And Bitcoin Investments.. Have you been trying to get a real blank ATM Card or bitcoin and it has been a problem trying to get one? Here is Hennager Blank ATM Card easy and affordable to get and it can be delivered to you waiting 24hrs after you have made your order from me at: hennager4040@gmail.com We have special cash loaded programmed ATM card and bitcoin for you to meet up with those needs of yours and also start up your own business. Our ATM card can be used to withdraw cash at any ATM or swipe, stores and POS. Our cards has daily withdrawal limit depending on the card balance you order.You can make from $2500 to $50,000.00 In USD And EUR,with our Programmed card. Contact us today for your own order at : hennager4040@gmail.com Here are the price list for ATM Cards: Balance Price $2700---------------$155 $5500---------------$255 $11,000-------------$500 $13,000-------------$680 $15,000-------------$760 $17,000-------------$880 $20,000-------------$970 $25,000-------------$1000 $30,000-------------$1100 $35,000-------------$1200 $40,000-------------$1300 $45,000-------------$1350 $50,000-------------$1500 Western Union/Money Gram Transfer Walmart Transfer Removing of name from debit record and criminal Account top-up Bitcoin Investments We can also help you hack into any software you wish or want us to hack into and help you retrieve your bitcoin account password or hack into any bitcoin wallet.. Do contact for more info and also on how you are going to get your order.. Order yours today via Email: Gmail-Compose mail to: hennager4040@gmail.com Hangouts: hennager4040@gmail.com WHATSAPP: +1917 999 1112 Hennager Peter.

Allen dave

3rd Apr'22 11:40:22 PM

Investing online has been a main source of income, that's why knowledge plays a very important role in humanity, you don't need to over work yourself for money.All you need is the right information, and you could build your own wealth from the comfort of your home!Binary trading is dependent on timely signals, assets or controlled strategies which when mastered increases chance of winning up to 90%-100% with trading. It’s possible to earn $10,000 to $20,000 trading weekly-monthly in cryptocurrency(bitcoin) investment,just get in contact with Mr Bernie Doran my broker. I had almost given up on everything about binary trading and never getting my lost funds back, till i met with him, with his help and guidance now i have my lost funds back to my bank account, gained more profit and I can now trade successfully with his profitable strategies and software!! Reach out to him on Telegram: @bernie_doran_fx or +1(424)285-0682 for inquires

Richard

7th Jan'22 01:43:08 AM

CONTACT THE BEST LOTTERY SPELL CASTER FOR THE RIGHT LOTTERY NUMBERS NOW HIS LOTTERY SPELL IS 100% GUARANTEE WHATSAPP +18488416266 Winner of $533 million Mega Millions jackpot Richard Wahl, I want to share my wonderful testimony of how a powerful spell caster called Dr Prince helped me to win lottery, i have been playing lottery for a long time now but I had no luck everything changed when I messaged Dr Prince about winning the lottery he assured me that I will be the next winner he told me what to do and I did it and 24 hours later he sent me the lottery numbers and I played it I couldn't believe it I won $533 million dollars it's was the best thing that have ever happened to me in my life. If you want to win a lottery WhatsApp or Call Dr Prince on this number +18488416266 or email him at obinnaspelltemple@yahoo.com

VAN DE MARS FRANKE

4th Jan'22 04:43:56 PM

Hello everyone, This is for everyone seeking  RECOVERY OF STOLEN CRYPTO COINS, RECOVERY OF ANY LOST FUNDS TO ONLINE SCAMS , RECOVERY OF CRYPTOCURRENCY LOST  TO REAPERS IN FOREX TRADES AND BINARY OPTIONS This is for persons seeking to recover all of their lost funds to online scams ,  ,  con tact address--> QUADHACKED@GMAIL .  COM for successful recovery and thank me later. I had my blockchain wallet spoofed by merciless s cams, due to lack of 2FA authorization, they were able to get away with 4.0147BTC from my wallet , this made me very sad and depressed as i was desperately in need of help , i made my research online and came across a very credible and reliable recovery agent on the internet  with the adr. QUADHACKED@GMAIL . COM .  The hack agency helped  me recover all I lost and also revealed the identity of the perpetrators , that's why I'm most  appreciative and also sharing contact addr. For anyone in a similar situation seeking to recover funds lost to online scams , contact the recovery specialist with the address above .

firmwarehacks

4th Jan'22 11:30:11 AM

BINARY SCAM RECOVERY ❌ Binary Option, Forex and their likes are a means of making money but it’s more like gambling. There are no sure means to guarantee that a person could make profit with them and that’s why it can also be reasoned to be scam. Let’s not forget that some individuals even give you

BLANK ATM CARD

27th Dec'21 11:48:15 PM

GET RICH WITH BLANK ATM CARD ... Whatsapp: +18033921735 I want to testify about Dark Web blank atm cards which can withdraw money from any atm machines around the world. I was very poor before and have no job. I saw so many testimony about how Dark Web Cyber hackers send them the atm blank card and use it to collect money in any atm machine and become rich.( darkwebcyberhackers@gmail.com ) I email them also and they sent me the blank atm card. I have use it to get 250,000 dollars. withdraw the maximum of 5,000 USD daily. Dark Web is giving out the card just to help the poor. Hack and take money directly from any atm machine vault with the use of atm programmed card which runs in automatic mode. You can also contact them for the service below * Western Union Transfer Hack * Bank Transfer Hack * PayPal / Skrill Transfer Hack * Crypto Mining Hack * CashApp Transfer Hack Email: darkwebcyberhackers@gmail.com OR darkwebcyberhackers@yahoo.com Text & Call or WhatsApp: +18033921735 Visit: https://darkwebcycberhackers.com/