Barclays Eagle Labs’ Post

Looking to Enhance Your Teaching Methods? 🚀 With Startup Wars, bring inventory management to life! Guide your students through interactive simulations where they’ll learn to forecast demand, optimize stock levels, and apply just-in-time techniques. Prepare them for the business world with practical, hands-on experience. #StartupWars #InventoryManagement

Found this youtube video useful to understand the meaning of MVP (Minimum Viable Product). Everyone wants to come up with a perfect solution/product to the end users, however is micro management necessary…? Watch this video to understand. https://lnkd.in/gypVJYmm

Using a "Product Ladder" to Produce Better Results You can't have MOR Offers without RAD Products. Every RAD Product starts with RESULTS. Fortunately, using the "Product Ladder" strategy, you can quickly see which products/services are working and which need an overhaul. Join us for this week's ProfitSchool "Deep-dive" workshop: Using a "Product Ladder" to Produce Better Results During this workshop, you get to see how using the "Product Ladder" strategy, can quickly help you diagnose which of your products/services should stay, go, or be added to your offers. * Quickly know which products/services you need to create * Simple steps to help guide your product creation map * Why "starting at the end" is the fastest way to build And it starts in 25 minutes. Make sure that you register for the event so you can attend live via Zoom. Here’s the direct registration link for you: https://lnkd.in/eWFX-mSQ

Just wrapped up the "Building a Product from Scratch" course—learned everything from ideation to execution, and how to create a product that truly resonates with users.  Check out my certificate below 👇 #ProductDevelopment #AlwaysLearning

This book taught me a valuable lesson about prototypes and user testing! The Lean Startup by Eric Ries is a guide to building successful businesses using a customer feedback approach. The core principles include creating a functional prototype, continuous experimentation, and using data from real customers to make informed decisions. It's perfect for learning how to grow a company or how to incrementally improve a design by iterating quickly. —— Hey there, I’m Gabriel Farago, I help students design and deliver amazing portfolios! If you enjoyed this, repost it to your network and follow me for more.

The lean startup by Eric Ries was a game changer which spawned an entire movement. I think that the MVP model still works as long as it's applied in the right space. When you want to solve a problem at scale, it's important to test the target markets reaction and willingness to pay for your solution before you build out a whole platform. The premise still works well to keep a lean approach to spending valuable resources on something that may never be used. For the specific spaces you mentioned, it's still important to test your product or service before so you can improve it based on real world feedback. The clients willingness to pay for your product is the ultimate litmust test for any startup. It is the essential component of your company and needs to be validated in the market before building a company around that premise. The lean startup methodology simple makes you focus on proving product market fit early on before using time and money to do anything else. The process engourages flexibility and change early on to be able to pivot towards success if necessary as Eric did in his company. The fact that 85% of companies fail doesn't mean that the lean startup methodology is flawed. It could means that the founders couldn't sell or had a bad product or even lack of execution.

Let’s quit “HORSING AROUND” ….what are your thoughts about Minimal Viable Product? How does it affect customer satisfaction, testing, and willingness to pay? Do you agree with the author’s thoughts below?

//WHY MVP IS DEAD 🪦 The Lean Startup methodology revolutionized product development in 2011. Yet here we are in 2024, and 95% of new products still fail according to Harvard Business School research. Something isn't working. Here's the uncomfortable truth: MVPs have become an excuse to rush half-baked products to market. We're obsessing over feature lists while missing the most crucial element - genuine customer behavior. The fatal flaw? The moment customers realize they're testing a "minimum viable" anything, their behavior changes. They stop acting like real customers, and your validation data becomes worthless. Modern product validation doesn't need MVPs. Today's tools let us validate with real paying customers before writing a single line of code: - Fully rendered prototypes that feel like finished products - Websites & Campaign tests with actual purchase flows - Pre-sales campaigns that validate willingness to pay Stop building MVPs. Start building products people actually want to buy. P.S. If a horse doesn't like your MVP, guess what humans would do? ;-) ——— Chances your innovation strategy is broken are 94% https://lnkd.in/dexsVrw8 #innovation #creativity #future #whatinspiresme #innoweek #venturestudio #companybuilder #vc All rights and credits are reserved to the respective owner(s).  Contact me to add you as a reference or content removal. ♻️ Repost to help your network to bring their ideas to market.  And follow Dipl.-Ing. Lars Behrendt for more posts like this.

The concept that MVPs might no longer be effective is valid, especially in today’s fast-paced and tech-savvy market. As transformation leaders, we must stay open to evolving methodologies and innovative tools that deliver meaningful insights without compromising user experience. Validating products with prototypes, pre-sales, and campaigns that resemble fully functional solutions enables us to capture genuine customer reactions and intent. However, the MVP can still be valuable if applied thoughtfully, focusing on iterating based on customer feedback and learning what truly resonates with the market. Personally, I like the Lean Startup methodology; however, the real challenge here is ensuring that the pursuit of perfection doesn’t lead to analysis paralysis, while the MVP approach doesn’t rush us into launching a non-functional product just for the sake of going to market.