MVE vs POC vs MVP - Understanding the Key Differences 🚀
Michael Wahl, MBA
VP of Technology | GenAI Leader | Board Member | Python-First | Driving Strategic Innovation at Tweddle Group
Using the right approach at the right time can make or break your project! Below is a breakdown of the Minimum Viable Experiment (MVE), Proof of Concept (POC), and Minimum Viable Product (MVP), and maybe most interesting is how they can work together to drive progress and innovation.
Using the wrong approach at the wrong time also wastes resources, kills momentum, and introduces risk! Aligning your process with your goals ensures you build the right thing faster and smarter!
Key Differences
How They Fit Together
Start with an MVE to validate if there’s even a problem worth solving. Then use a POC to prove that your proposed solution is feasible and viable. Build an MVP to launch a product that delivers core value to early adopters and gathers critical feedback. 📱
Building a Ride-Sharing App(Example)
MVE: Create a landing page to test user interest and signups for the concept.
POC: Develop a simple routing algorithm to confirm technical feasibility.
MVP: Launch an app with geolocation, driver matching, and payment processing.
What’s your experience with MVE, POC, or MVP? Which one do you think companies often skip, but maybe shouldn’t?
#Innovation #StartupTips #Leadership #MVP #POC #MVE