The minimum viable product (MVP) is generally the first item to come out of the development process if you are starting on a product from the ground floor. You will need to learn the importance of an MVP and how to determine which features to include and what kinds of things you will want to avoid in this stage of the development process.
- Often as CTO, especially in the startup world,…you're first task will be to create the MVP,…or Minimum Viable Product.…The idea is to create a product…for the marketplace with a minimum number…of features necessary to test your audience.…The concept of MVP is from the Lean Startup methodology.…The idea is to test the market before you spend…a ton of engineering and design time building.…Like a lot of concepts in this course,…how you approach this will be completely different…depending on the size of company.…
At a very small startup,…you'll likely be trying to find a project market fit…for your first product.…This means it's critical that you build…as little as possible until you find exactly…what the market is looking for.…As companies grow, you'll have the opportunity…to build out a bit more of the product.…But keep in mind the concept of the MVP,…not to build too much until you know you'll have users.…To determine what features you need,…first determine your Product Hypothesis.…For example, with our food subscription company,…
- Hiring a great team
- Enhancing team communications
- Creating a product roadmap
- Capturing and using data and analytics
- Identifying key performance indicators
- Choosing which platform to use
- Managing the product life cycle (PLC)
- Taking feedback
- Public speaking
- Running efficient meetings
- Marketing and launching products
- Growing and scaling
- Managing crises
Skill Level Intermediate
1. Your Team
2. Product Management
4. Development and the Product Life Cycle
5. Marketing and Communication
6. Business and Entrepreneurship
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