Why every company needs an MVP culture
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March 28 2018

In 1930's Japan, the country's industry was wracked by war and economic stagnation. Food, manufacturing materials and staff were hard to come by and life was extremely difficult for businesses of all sizes. Unwilling to let his company flounder in the harsh market conditions, one man came up with a series of new working process that helped his business not only survive but flourish in the new climate. His name was Kiichiro Toyoda - founder of Toyota automobiles.

 

The principles that Kiichiro invented became the founding principles of what today we call the 'lean' method - a series of processes that help to eliminate wasted time and money.

 

At Studio Graphene, we're deeply aware of how quickly issues like scope creep and resource deficits can kill a project. These problems often take entrepreneurs by surprise, stunting growth and crippling businesses before they even get off the ground. That's why we advocate lean methodologies to our clients, and especially one of its central tenants - the minimum viable product (MVP).

 

An MVP, as defined by Lean Startup innovator Eric Ries, is a "version of a new product which allows a team to collect the maximum amount of validated learning about customers with the least effort". It's a product that allows you to test your idea in real life, with real users, before you've invested debilitating amounts of resources to the project.

 

We pride ourselves at being more than adept at distilling grand plans, identifying key features and focussing in on the aspects of your product that give users the biggest bang (for your buck).

 

Whether you're a first-time startup or an established company, an MVP culture can help your business make smart decisions about where to invest your resources. To learn more about MVPs and the lean method, take a look at the Lean Startup Methodology. It's a fantastic tool to help you on your startup journey.

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