This exercise will help students understand the concept of a Minimum Viable Product (MVP) and its importance in a lean startup. They will then create a theoretical MVP for a chosen problem.
Duration: 2 hours
Materials needed:
Notebooks and pens for each student
Sticky notes or index cards
Large poster paper or whiteboards for each group
Markers
Procedure:
Introduction (15 minutes)
Start with a brief lecture about the Minimum Viable Product (MVP), its role in a lean startup, and some examples of successful MVPs.
Part 1: Identify a Problem (30 minutes)
Divide the class into groups of 4-5 students.
Each group should identify a problem they would like to solve with a product or service. This could be a problem they discussed in a previous lesson, or they can come up with a new one.
Part 2: Define the Solution (30 minutes)
Each group should brainstorm and discuss possible solutions to the problem. Encourage them to think broadly and consider all possible solutions, no matter how unconventional.
Each group should then select the most promising solution.
Part 3: Design the MVP (45 minutes)
Discuss the principles of designing an MVP: simplicity, focus on the core problem, and quick learning.
Each group should design an MVP for their chosen solution. This means defining the simplest possible version of their product or service that still solves the problem. They should use sticky notes or index cards to map out the features of their MVP on the poster paper or whiteboard.
Part 4: Presentation and Feedback (30 minutes)
Each group should present their problem, solution, and MVP to the class. Encourage them to explain why they chose the features they did and how their MVP will solve the problem.
Other students should provide constructive feedback and ask questions.
Outcomes:
Students will understand the concept of an MVP and its importance in a lean startup.
Students will gain hands-on experience designing an MVP.
Students will practice their presentation and feedback skills.
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