A Minimum Viable Product (MVP) is a product with just enough features to satisfy early customers, and to provide feedback for future product development. It's a concept in product development where a new product is developed with sufficient features to satisfy early adopters. The final, complete set of features is only designed and developed after considering feedback from the product's initial users.

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Minimum Viable Product (Part 2)

How can you tell if a product idea will work out? This Minimum Viable Product presentation guides the initial triage of tasks to the development and e...

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This is useful for products who have two or more different customer types, such as a marketplace app like Airbnb where there are hosts and travelers who both need to be serviced. The layout takes into account the evolution of a product, from initial inception, to earliest testable product and its multiple iterations, to the MVP, and finally, to a more refined product loved by the crowd.

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The MVP (Minimum Viable Product) model can be adapted for different industries by identifying the core features that meet the basic needs of the target customers in that industry. It's about understanding the unique needs and behaviors of the customers in a specific industry and building a product that addresses those needs with the least amount of features. This allows for quick testing and iteration based on user feedback. The MVP model is flexible and can be applied to any industry, from tech startups to manufacturing to service industries.

The MVP (Minimum Viable Product) model can be applied to non-tech products in a similar way as it is applied to tech products. It involves identifying the core features that will address the customers' needs and creating a simple version of the product that includes these features. This MVP is then released to a small group of people to gather feedback and understand how it can be improved. This process is repeated, with improvements being made in each iteration, until a product that is loved by the crowd is developed.

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