In product development, the minimum viable product (MVP) is a strategy used for fast and quantitative market testing of a product or product feature. The term was coined by Frank Robinson and popularized by Eric Ries for web applications. It may also involve carrying out market analysis beforehand. Description A minimum viable product has just those core features that allow the product to be deployed, and no more. An MVP is not a minimal product, it is a strategy and process directed toward making and selling a product to customers. Techniques A minimum viable product may be a prototype, an entire product, or a sub-set of product (such as a feature). Differentiation Releasing and assessing the impact of a minimum viable product is a market testing strategy that is used to screen product ideas soon after their generation. See also References External links
Related: Theories of Innovation
Lean StartupLean startup is a methodology for developing businesses and products. The methodology aims to shorten product development cycles by adopting a combination of business-hypothesis-driven experimentation, iterative product releases, and validated learning. The central hypothesis of the lean startup methodology is that if startup companies invest their time into iteratively building products or services to meet the needs of early customers, they can reduce the market risks and sidestep the need for large amounts of initial project funding and expensive product launches and failures. History Although the lost money differed by orders of magnitude, Ries concluded that the failures of There, Inc. and Catalyst Recruiting shared similar origins: "it was working forward from the technology instead of working backward from the business results you're trying to achieve. Precursors Overview Definitions Definitions based on The Lean Startup Minimum viable product
Cycle of Diffusion of innovations - Everett M. Rogers ModelEverett M. Rogers is widely known as the inventor of the “Diffusion of Innovation” theory from his research on how farmers adopt agricultural innovations. After pursuing a degree in agriculture, Rogers earned his PhD in Sociology and Statistics at Iowa State University (1957). His doctorate work stemmed from both his personal interest in understanding why farmers in Iowa, including his father, resisted using such new inventions in their fields as high-yielding hybrid seed corns, chemical fertilizers and weed sprays as well as how such new applications diffuse among farmers over time. Rogers reviewed the existing studies on diffusion of innovations from educational, medical and marketing domains and found considerable similarities among these different disciplines. Diffusion is defined as the communication process by which a new idea or new product is accepted by the market, while the rate of diffusion is defined as the speed that the new idea spreads from one consumer to the next.
Agile Product Ownership in a nutshellThis is basically a 1 day product ownership course compressed into a 15 minute animated presentation. There’s obviously more to product ownership than this, so see this is a high level summary. Here’s the complete drawing (.png format)Here’s a downloadable version of the video, in case you don’t want to stream (.mov format, 90 Mb) Special thanks to Alistair Cockburn, Tom & Mary Poppendieck, Jeff Patton, Ron Jeffries, Jeff Sutherland, and Michael Dubakov for providing many of the models, metaphors, and ideas that I use in this presentation. Translations: (see also the translation guide by Cédric Chevalerias) French (subtitles)French (voice)German (subtitles)German (voice)Portuguese (voice)Spanish (subtitles) Below is a full transcript in english. Let’s talk about Agile software development from the perspective of the Product Owner. Here’s Pat. Here are the stakeholders. The stakeholder needs are expressed as user stories. Now, somebody has to BUILD the system. This queue needs to be managed.
Startup companyEvolution of a startup company Startup companies can come in all forms and sizes. A critical task in setting up a business is to conduct research in order to validate, assess and develop the ideas or business concepts in addition to opportunities to establish further and deeper understanding on the ideas or business concepts as well as their commercial potential. Business models for startups are generally found via a bottom-up or top-down approach. A company may cease to be a startup as it passes various milestones, such as becoming publicly traded in an IPO, or ceasing to exist as an independent entity via a merger or acquisition. Companies may also fail and cease to operate altogether. Investors are generally most attracted to those new companies distinguished by their risk/reward profile and scalability. Startup Financing Cycle Startup business partnering Startup culture Co-founders There is no formal, legal definition of what makes somebody a co-founder.
Etudes - Vive l’intelligence créativePublié le 02 avril 2014 Les études ne sont pas seulement des outils d’aide à la décision mais des stimulateurs de créativité pertinente. Mais pourquoi et comment favoriser l’intelligence créative ? Selon Paul Willis, les hommes ne cherchent pas seulement à survivre économiquement et matériellement mais aussi à donner un sens à leur existence. La matière sur laquelle on travaille étant symbolique et vivante, elle demande une démarche qui soit en affinité avec elle. − d’étudier tout ce qu’il y a de « sensible » dans la vie humaine. − de sortir de la dichotomie entre empirie et théorie pour créer des liens entre les concepts et le désordre du quotidien, et ce grâce à l’imagination. − d’aboutir à un étonnement pour pouvoir apporter quelque chose de réellement nouveau. Stimuler la créativité des commanditaires L’intelligence créative permet de façonner des solutions : − tout en étant efficaces et pertinentes, faisant sens et répondant aux contraintes posées. Approche culturelle vs. bureaucratique
FreemiumIn freemium business model, business tiers start with a "free" tier Freemium is a pricing strategy by which a product or service (typically a digital offering such as software, media, games or web services) is provided free of charge, but money (premium) is charged for proprietary features, functionality, or virtual goods. The word "freemium" is a portmanteau neologism combining the two aspects of the business model: "free" and "premium". Origin Give your service away for free, possibly ad supported but maybe not, acquire a lot of customers very efficiently through word of mouth, referral networks, organic search marketing, etc., then offer premium priced value added services or an enhanced version of your service to your customer base. Jarid Lukin of Alacra then suggested the term "freemium" for this model. The freemium model is closely related to tiered services. Other examples include free-to-play games – video games that can be downloaded without paying. See also
BalsamiqInnoveracy: Misunderstanding Innovation |Illiteracy is the inability to read and write. Though the percent of sufferers has halved in the last 35 years, currently 15% of the world has this affliction. Innumeracy is the inability to apply simple numerical concepts. The rate of innumeracy is unknown but chances are that it affects over 50% of us. But there is another form of ignorance which seems to be universal: the inability to understand the concept and role of innovation. My contribution to solving this problem is to coin a word: I define innoveracy as the inability to understand creativity and the role it plays in society. One example is in the following quote: “Lastly, nationally circulating tabloid Ilta-Sanomat gets a look at Nokia’s fabled tablet computer that was developed nine years before the iPad hit the market. To explain what’s wrong with this usage we need some definitions. The definition of innovation is easy to find but it’s one thing to read the definition and another to understand its meaning. Notes: