Minimum Viable Product
Minimum Viable Product is a development technique in which a new product is introduced in the market with basic features, but enough to get the attention of the consumers. The final product is released in the market only after getting sufficient feedback from the product’s initial users.
Minimum Viable Product could be a car, website, TV, or a laptop. By introducing the basic version to the consumers, companies want to gauge the response from prospective consumers or buyers.
This technique helps them in making the final product much better. With the help of Minimum Viable Product concept, the research or the marketing team will come to know where the product is lacking and or what are its strengths or weaknesses.
Minimum Viable Product will have enough features for consumers to purchase the product, the other is that it will have some sort of a feedback mechanism wherein users would be able to send their feedback about the product.
The idea is to get feedback from the consumers which will in turn help in making the desired changes in the final product. Minimum Viable Product actually tests the usage scenario rather that is much for more helpful for the company to make changes to the final product.
It could be a consumable product, daily use product or even a service provided by a website provider. The idea is to start small and then take cues from the users as to what exactly are they expecting from the product.
The slides of this template will primarily be useful to startups when preparing information about the launch of their product. You can provide detailed information about the basic configuration of the future product and how you plan to receive feedback from customers to improve the product.
Also, the slides of this template can be used by marketers when preparing their strategy for promoting a new product to the market. You can provide the management of the company with the basic minimum configuration for the product. The slides in this template will also help you present a roadmap for product improvement throughout the year.
Team leaders can use the slides in this template as they prepare for their weekly sprints with team members. You can present a new application to a client with the minimum required functionality to get it done first. You can also make a plan for developing additional features of the application after testing it by the client.
Crisis managers can use the slides of this template when preparing a strategy for getting the company out of the crisis. You can define the main products that the company should release and which products should be discarded to eliminate the risk of bankruptcy.
Minimum Viable Product is a stylish and professional template that consists of 4 slides. All slides in the template can be easily customized to suit your corporate color requirements. Minimum Viable Product Template will be useful for company executives, marketing specialists, product managers and startups.