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The concept of Minimum Viable Product (MVP) in business strategy refers to the development of a product with just enough features to satisfy early customers and provide feedback for future product development. It's a strategy used to avoid building products that customers do not want. The idea is to rapidly build a minimum set of features that is enough to deploy the product and test key assumptions about customers' interactions with the product.
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At the bottom, execs can qualify user-based validation metrics across the number of accounts that have newly joined, canceled, upgraded or downgraded services. These metrics are more common for a subscription-based service, so execs with products that follow a different business model can edit these to reflect their most important metrics. (Slide 13)
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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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