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The MVP (Minimum Viable Product) approach helps in reducing the cost of failure by allowing businesses to test a basic version of their product in the market. This allows them to gather valuable feedback from users and understand what works and what doesn't before investing heavily in full-scale production. This way, if the product fails, the financial loss is minimized as the business has not spent a lot of resources in developing features that the market does not want. It also allows for quick iterations based on user feedback, further reducing the risk of failure.
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This template includes slides on MVP Canvas, MVP Score, Concept testing reports, validation metrics, weighted-shortest job-first feature prioritization, product adoption curve, jobs-to-be-done, MVP tree, A/B test results, product mockups, and many more. Plus, read to the end to learn how Uber developed a killer MVP that launched them to 93 million customers.
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How can you create the best product with the least cost of failure? Use our Minimum Viable Product presentation to dedicate the right resources and de...
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