Startup Mundi Game Experience - Content Questions
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2. MVP - Functional Prototype
Select the true statements. A functional prototype aims to:
a) Provide your solution’s look & feel.
b) Show all the technology behind the solution in detail.
c) Demonstrate how your solution works.
d) Close as many deals as possible.
e) Show which features can be created in the future.
b) Show all the technology behind the solution in detail.
c) Demonstrate how your solution works.
d) Close as many deals as possible.
e) Show which features can be created in the future.
Explanation
The true statements about a functional prototype are:
a) Provide your solution’s look & feel: A functional prototype aims to give stakeholders, including potential users, an idea of how the final product will look and feel. It provides a visual representation of the user interface and user experience.
c) Demonstrate how your solution works: One of the primary goals of a functional prototype is to demonstrate the core functionality and workings of your solution. It should showcase how users will interact with the product and accomplish tasks.
Now, let's discuss the concepts underlying the incorrect answers:
b) Show all the technology behind the solution in detail: A functional prototype may not necessarily showcase all the technical details or inner workings of the solution. Instead, it focuses on demonstrating the user-facing aspects and functionality. Detailed technical information is typically reserved for system architecture diagrams or technical documentation.
d) Close as many deals as possible: While a functional prototype can be a powerful sales tool to demonstrate the value of your solution, its primary goal is not to close deals but to showcase the product's functionality and capabilities. Closing deals is usually a subsequent step in the sales process after the prototype has generated interest and validated the product concept.
e) Show which future features can be created: A functional prototype focuses on the current features of the solution, not on future features. The goal is to demonstrate what the solution can do now, not what it might do in the future. Identifying future features is often part of the ongoing product planning and development process, but is not the focus of a working prototype.
a) Provide your solution’s look & feel: A functional prototype aims to give stakeholders, including potential users, an idea of how the final product will look and feel. It provides a visual representation of the user interface and user experience.
c) Demonstrate how your solution works: One of the primary goals of a functional prototype is to demonstrate the core functionality and workings of your solution. It should showcase how users will interact with the product and accomplish tasks.
Now, let's discuss the concepts underlying the incorrect answers:
b) Show all the technology behind the solution in detail: A functional prototype may not necessarily showcase all the technical details or inner workings of the solution. Instead, it focuses on demonstrating the user-facing aspects and functionality. Detailed technical information is typically reserved for system architecture diagrams or technical documentation.
d) Close as many deals as possible: While a functional prototype can be a powerful sales tool to demonstrate the value of your solution, its primary goal is not to close deals but to showcase the product's functionality and capabilities. Closing deals is usually a subsequent step in the sales process after the prototype has generated interest and validated the product concept.
e) Show which future features can be created: A functional prototype focuses on the current features of the solution, not on future features. The goal is to demonstrate what the solution can do now, not what it might do in the future. Identifying future features is often part of the ongoing product planning and development process, but is not the focus of a working prototype.
List of Services
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1. MVP
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2. MVP - Functional Prototype
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3. MVP - Product-Market Fit
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4. MVP - Customer Segmentation
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5. Beta
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6 - Beta - A B Testing
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7 - Beta - User Stories
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8 - Beta - Product Development
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9 - GTM - Go To Market
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10 - GTM - Ideal Customer
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11 - GTM - Price and monetization
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12 - GTM - Inbound and outbound
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13 - Growth Model - Burn Rate
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14 - Growth Model - LTV - Lifetime value
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15 - Growth Model - CAC – Customer Acquisition Cost
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16 - Growth Model - Churn
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17 - Sales Machine - Lead Generation
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18 - Sales Machine - Sales Funnel and CRM
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19 - Sales Machine - Predictable Revenue
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20 - Sales Machine
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21 - Customer Success - Customer Success
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22 - Customer Success - Retention
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23 - Customer Success - Engagement Metrics
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24 - Customer Success - Customer Journey
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25 - Product Scalability - Scalability
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26 - Product Scalability - Productivity
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27 - Product Scalability - Product Roadmap
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28 - Product Scalability - Agile Development