MVP
Minimum Viable Product (MVP) is a version of a product with just enough features to be usable by early customers who can then provide feedback for future product development.
27 topics found for
“risk minimization”
Loss Aversion
A cognitive bias where the pain of losing is psychologically more powerful than the pleasure of gaining.
SWOT Analysis
Strengths, Weaknesses, Opportunities, and Threats (SWOT) is a strategic planning tool that is applied to a business or project.
Poka-Yoke Principle
A Japanese term for "mistake-proofing," referring to any mechanism or process that helps prevent errors by design.
Feature Flag
A technique used in software development to enable or disable features in a production environment without deploying new code, allowing for controlled feature rollouts.
Test Marketing
A marketing strategy that involves releasing a product to a limited audience to evaluate its market performance before a full-scale launch.
Market Validation
The process of determining whether there is a need or demand for a product in the target market, often through testing and feedback.
Design Validation
The process of testing and evaluating a design to ensure it meets user needs and business goals before final implementation.
Rapid Prototyping
The process of quickly creating a preliminary version of a product to test and validate ideas before full-scale development.