Techno_3 One-day Validation Flashcards
It is a rapid approach to testing and validating new ideas within a single day. It helps determine feasibility, desirability, and viability quickly.
ONE-DAY VALIDATION
The process of testing whether an idea, product, or service meets market needs and expectations.
Validation
The introduction of new ideas, methods, or products that improve existing solutions.
Innovation
A simple version of a product with just enough features to attract early adopters and gather feedback.
Minimum Viable Product (MVP)
A basic working model of an idea, often used for testing and refinement.
Prototype
A strategy that prioritizes rapid experimentation over longterm planning to develop successful products.
Lean Startup Methodology
A significant change in product direction based on user feedback.
Pivot
The process of determining if there is a real demand for an idea before full-scale development.
Market Validation
What are the Key steps in 1-Day Validation
- Indetify the problem & hypothesis
- Create a simple prototype or MVP
- Engage with real users
- Analyze Results
- Pivot if necessary