Reference no: EM131260263
Assignment: Minimum Viable Product
In this section we will explore what is your MVP and create a strategy to complete the task at hand. Remember our goal in this class is to ACT, not be theoretical about the business. The faster you can develop your product or service, the faster you can get to market and get feedback about your business concept and assumptions made.
The minimum viable product includes the following steps:
1. Define a goal for your MVP. What are the minimum features you want to test in your product and service for the first phase?
2. Create a strategy. What steps and tasks do you have to complete to reach the goal set? Who is responsible for doing what? What are the available resources? What are the lacking resources.
3. Execute on the strategy. Follow all the steps, deadlines and tasks created in your strategy to achieve your goals on time and within budget.
4. Test and launch your MVP-1. Take your product on a test run with your potential customers. Let them explore the feature and solutions you built.
5. Collect data. Based on the interaction of the customer with your concept did they like it, how can you improve it, what are your next steps.
All these steps will lead to better understanding of your business concept and your customer segment. After MVP-1 you should have enough information to make informed decision regarding your business.
For MVP, all teams will be required to submit a pitch video about their business concept. We will discuss the details of the pitch during one of the upcoming lectures in more details.
In this assignment, we will follow the steps highlighted in the lecture and second video to create an MVP list and a strategy.
Complete the attached assignment. Submit one PDF document to the discussion board section per instructions given.
|
Design a database for public libraries
: John works for an IT service company as a senior database designer. His company just won a few contracts to serve several public library systems within the state of Maryland. Each library system operates independently though John is in charge to d..
|
|
Determine ways that broadbanding plans could benefit
: Determine ways that broadbanding or two-tier wage plans could benefit your current (or future) place of employment. Provide specific examples to support your response.
|
|
Maximize the overall teaching rating
: Find the assignment of professors to courses to maximize the overall teaching rating. - Assign the professors to the courses with the exception that Professor Fisher cannot teach statistics.
|
|
Calculate tax gain realized and recognized on the exchange
: Watson, a calendar year corporation, reported $1,250,000 net income before tax on its financial statements prepared in accordance with GAAP. During the year, Watson exchanged one piece of commercial real estate for another. Calculate Watson's book ga..
|
|
What are minimum features you want to test in your product
: Define a goal for your MVP. What are the minimum features you want to test in your product and service for the first phase? Create a strategy. What steps and tasks do you have to complete to reach the goal set?
|
|
Determine the maximum shear stress in the tube
: A 3-m-long aluminum tube with the cross section shown carries a 200-N m torque.
|
|
What do you do for a living
: The media and Hollywood can have a major impact on how society views nursing as a whole, whether it be negative or positive. I would personally say overall nursing is portrayed negatively through media. Nurses have an obligation to step up and pr..
|
|
Who would be affected if the proposal is implemented
: Outdoors R Us owns several membership-based campground resorts throughout the Southwest. The company sells campground sites to new members, usually during a get-acquainted visit and tour. The campgrounds offer a wider array of on-site facilities than..
|
|
Describe the risk-assessment and risk-management process
: Demonstrate an understanding of the problems associated with the effects of the environment on public health - Identify the importance of occupational safety and industrial hygiene in the workplace.
|