This module will introduce you to the lean startup methodology which aims to reduce the product development cycle and establish the viability of a proposed business model. Taking its influence from lean manufacturing principles, the lean startup approach aims to minimise waste and focus on exercising practices that bring real value. This means avoiding substantial outside funding, sticking to a simple business model and plan, and using constant customer feedback during the product development stage to ensure the startup is creating something that truly meets customer needs. You will work on your own idea for a minimum viable product (MVP) according to the lean startup methodology’s build-measure-learn principle.
● Demonstrate understanding of the principles and practices of the lean startup methodology.
● Build a prototype for your business idea and develop the product according to the build-measure-learn principle.