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MVP: What It Is and How to Create Your Own

Cross-cutting
Digital Skills

Soft skills

Duration

10 a.m.

PRESENTATION

With digitization and the rise of digital startups, the processes of creation of new business models and products have evolved rapidly. This evolution has been driven by the emergence of new techniques and methods in business management and innovation, one of which is the MVP. The Minimum Viable Product It refers to the set of requirements that a product must meet in order to be truly relevant to the customer, marketable, and capable of generating revenue. This development is also based on the ongoing collection of information, as well as in the feedback and decision-making based on this data. This training MVP: What It Is and How to Create Your Own will provide you with those tools and skills what you need to know to implement it.

Objectives

  • Identify the main characteristics and the life cycle of a digital product.

  • Mastering the concept of MVP as well as the elements and tools that are related to this one.

  • Identify the Key Features what an MVP should include based on an analysis of the environment.

  • Apply the MVP Canvas to validate a business idea in a practical and effective way.

Syllabus

TEACHING UNIT 1. THE LIFE CYCLE OF A DIGITAL PRODUCT

  1. Digital Product Features
  2. Stages of a Digital Product
  3. Product Roadmap and Team
  4. Google Design Sprints
  5. MPV: Minimum Viable Product
  6. Scalability
  7. Entry barriers and switching costs (lock-in)
  8. Success Stories

TEACHING UNIT 2. MVP: DEVELOP SUCCESSFUL PRODUCTS/SERVICES

  1. Breaking Down the Concept of MVP
  2. Competitive Analysis and Potential Trends
  3. Who would be willing to pay for your product?
  4. Refine Your Business Idea
  5. Customer Journey and Magical Moments
  6. Create a prototype of your idea
  7. Experiment, test, and draw conclusions

LEARNING UNIT 3. VALIDATE YOUR IDEA BEFORE ENTERING THE MARKET

  1. What is the MVP Canvas, and how does it work?
  2. Customer Segments
  3. Value Proposition
  4. Distribution Channels
  5. Customer Relations
  6. Sources of Revenue
  7. Cost Structure
  8. Strategic Partners
  9. Key Resources
  10. Key Activities
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Are the Educa PHAROS courses eligible for credit?

Many courses can be credited toward the master's programs at Structuralia.
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Facts about our area

+ 1.483

Hours

+88.999

Minutes

264

Courses

Educa PHAROS is a next-generation training model that places a company’s human capital at the forefront. Through a platform that adapts to each company’s corporate identity and offers a total of more than 900 courses, it provides tailored training for each organization. The unlimited flat-rate plan provides each company with the number of courses that best suits its needs, as well as the ability to determine which employees will have access.
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