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ENTE3534 – Social Innovation & Entrepreneurship 1 Week 24 Seminar – Dr Samuel Olutuase Formative Feedback on MVP 1 Learning

ENTE3534 – Social Innovation & Entrepreneurship

1

Week 24 Seminar – Dr Samuel Olutuase

Formative Feedback on MVP

1

Learning Objectives

Today’s session affords you the opportunity to Present your MVP, and receive formative feedback which will help you improve for your next week’s pitch.

Recall: Rethinking – the Product Development Process

Concept

Research

Analysis

Develop

Launch

3

1

Recall: MVP Homework from Week 18

Reflect on your task so far, your social problem, your approach for solving the social problem,

List your inner stakeholders –makes sure you have a table

List your external stakeholders – Make sure you have captured this in the table format.

Build: If you were to start the venture, what would be your minimum viable product(s) or services that you would initiate? (list a few ideas and rank them to the most viable

Measure : How would you ensure that you interact with the world (beneficiaries) in order to collect feedback for your product/service you are introducing. What will you be measuring? (can you identify some metrics)

Learn: what are you planning to do to find out as quick as possible if you need to change something?

4

1

Recall: MVP Seminar Activity from week 20

MVP: Minimum Viable Product or Service:

The materialisation of an idea that is still far from perfect but good enough (sufficient features) to introduce to public. Under a MVP rationale, you avoid “the temptation to overbuild and overpromise” (Ibid, p. 97).

Recall: You were to think about a version of your idea that requires only a fraction of such resources – something that you can quickly introduce to public so that you can start learning from the corresponding interaction (in order to find out in a timely manner whether you have a good or a bad idea at hand) and feedback.

5

1

Task 1: Outline your MVP

Outline – based on your well thought-out MVP, do the following

Build: Describe the chosen idea & its unique features

Measure : List key metrics for measuring MVP

Learn: Determine feedback loops

1

Presentation

Voluntarily make your presentation; and you should receive feedback from tutor/peers

20 mins

7

Feedback/Discussion

1

1

Q & A

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