Question

Which of the following is not one of the three steps process to build a MVP?

1) Idea validation
2) Product development
3) Market research
4) Testing and iteration

Answer 1

Market research is not traditionally included in the three-step process for building a Minimum Viable Product (MVP), which typically consists of idea validation, product development, and testing and iteration. The process is iterative, involving continuous refinement and improvement of the product based on user feedback.

Step-by-step explanation:

The question pertains to the three-step process of building a Minimum Viable Product (MVP), which typically includes idea validation, product development, and testing and iteration. Among the options provided, market research is not traditionally one of these steps in the MVP development process. Market research is often conducted prior to the MVP phase to understand the market needs and customer pain points. Once these needs are known, the MVP process begins with idea validation to ensure that the concept addresses those needs effectively. Following this, product development takes place where a minimal but functional version of the product is created. Lastly, testing and iteration are crucial as they involve acquiring feedback from initial users and making the necessary changes to improve the product.

Testing and refinement of the product are iterative steps where prototypes are examined for design weaknesses, and improvements are made continuously. The process also involves redefining the problem based on user feedback, evolving the design with each iteration. This iterative cycle is a characteristic of the spiral design process. Overall, within the MVP development process, the emphasis is on making incremental improvements to the product based on real-world testing and user feedback.

Answer 2

Market research is not one of the three steps in the process to build a Minimum Viable Product (MVP). The correct option is 3) Market research.

Step-by-step explanation:

The three-step process to build an MVP typically involves:

Idea Validation: Assessing the viability of the concept, understanding user needs, and ensuring there is a demand for the proposed product.

Product Development: Creating a basic version of the product with essential features to meet the identified needs and solve the problem.

Testing and Iteration: Launching the MVP to gather user feedback, analyzing data, and making iterative improvements based on user responses.

While market research is crucial in the broader product development lifecycle, it is not explicitly listed as one of the three primary steps in building an MVP.

Option 3) Market research is correct.