1. Discuss in what you have understood about Minimum Viable Product (MVP). Guide questions: a. What is an MVP? b. Why developing an MVP is a very important activity for a startup? Elaborate. c. If you are given a chance to propose a business idea, what is the MVP that you need to develop? d. What are the success factors of the MVP? Elaborate each.
1. Discuss in what you have understood about Minimum Viable Product (MVP). Guide questions: a. What is an MVP? b. Why developing an MVP is a very important activity for a startup? Elaborate. c. If you are given a chance to propose a business idea, what is the MVP that you need to develop? d. What are the success factors of the MVP? Elaborate each.
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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1. Please answer within 3-6 hours. Please don't give shorter answers.

Transcribed Image Text:1. Discuss in what you have understood about Minimum Viable Product (MVP).
Guide questions:
a. What is an MVP?
b. Why developing an MVP is a very important activity for a startup? Elaborate.
c. If you are given a chance to propose a business idea, what is the MVP that you need to
develop?
d. What are the success factors of the MVP? Elaborate each.
2- Điseuss in whatyou have understand-about Intellectuat Property (IP).
Guide Questions:
a. What is Intellectual Property (IP}7
b. Why IPis very impertant if you are an inventor or startup founder? Elaberate:
e. What are the different forms of IP7 Elaborate each:
d. What-are their-duration of protection?
e. Which IP is used er applied for-different works er eutputs? Why that should be used?
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