1 00:00:06,690 --> 00:00:09,900 - Modern product design is not purely functional. 2 00:00:09,900 --> 00:00:11,040 Competition is high. 3 00:00:11,040 --> 00:00:13,770 And so are customer expectations. 4 00:00:13,770 --> 00:00:17,880 Nowadays product practices include aesthetics, environment, 5 00:00:17,880 --> 00:00:20,935 ergonomics, reliability, quality, security, 6 00:00:20,935 --> 00:00:23,580 and many other parameters, 7 00:00:23,580 --> 00:00:27,570 besides traditional functionality and cost. 8 00:00:27,570 --> 00:00:30,330 The answer to the question of what product to build 9 00:00:30,330 --> 00:00:33,210 that will delight the customers is not trivial. 10 00:00:33,210 --> 00:00:36,090 There are multiple modern product frameworks and methods 11 00:00:36,090 --> 00:00:40,050 that allow experimenting with products and getting answers 12 00:00:40,050 --> 00:00:42,150 before actually investing time and effort 13 00:00:42,150 --> 00:00:43,710 and building those. 14 00:00:43,710 --> 00:00:45,930 Google Ventures created an methodology 15 00:00:45,930 --> 00:00:49,410 of design sprints that combines design thinking 16 00:00:49,410 --> 00:00:51,360 with lean startup practices. 17 00:00:51,360 --> 00:00:54,150 Five days of intense user research 18 00:00:54,150 --> 00:00:57,423 built on the five phases of design thinking. 19 00:00:59,130 --> 00:01:02,351 This methodology is described by Jack Knapp and others 20 00:01:02,351 --> 00:01:06,465 in the book: "Sprint, How to Solve Big Problems 21 00:01:06,465 --> 00:01:10,470 and Test New Ideas in Just Five Days." 22 00:01:10,470 --> 00:01:13,650 Design sprints at Google Ventures are unique 23 00:01:13,650 --> 00:01:17,430 five days processes for answering crucial questions 24 00:01:17,430 --> 00:01:21,240 through prototyping and testing ideas with customers. 25 00:01:21,240 --> 00:01:23,850 Doesn't it remind you of lean startup? 26 00:01:23,850 --> 00:01:26,910 It's a combination of business strategy, innovation, 27 00:01:26,910 --> 00:01:29,220 behavioral science, and design 28 00:01:29,220 --> 00:01:33,933 all packaged in a step-by-step process that anyone can use. 29 00:01:34,890 --> 00:01:37,412 Design sprints implement the lean startup 30 00:01:37,412 --> 00:01:41,580 build-measure-learn feedback loop in a very unique way. 31 00:01:41,580 --> 00:01:43,380 Day by day of the week. 32 00:01:43,380 --> 00:01:46,710 On Monday, participants map out the problem 33 00:01:46,710 --> 00:01:49,290 and pick an important place to focus. 34 00:01:49,290 --> 00:01:53,070 On Tuesday, they sketch competing solutions on paper. 35 00:01:53,070 --> 00:01:55,123 On Wednesday, they make decisions 36 00:01:55,123 --> 00:01:58,170 and turn the ideas into hypothesis. 37 00:01:58,170 --> 00:02:00,690 On Thursday, they create a realistic prototype 38 00:02:00,690 --> 00:02:02,280 based on this hypothesis. 39 00:02:02,280 --> 00:02:05,340 And on Friday, of course, they conduct user research 40 00:02:05,340 --> 00:02:08,670 and test this prototype with potential customers. 41 00:02:08,670 --> 00:02:10,860 This method enables a thorough 42 00:02:10,860 --> 00:02:14,760 and structured way of conducting user research. 43 00:02:14,760 --> 00:02:16,440 Once the research is completed, 44 00:02:16,440 --> 00:02:21,440 the time comes to define the minimum viable product or MVP. 45 00:02:22,080 --> 00:02:25,230 MVP is an iterative low-risk way 46 00:02:25,230 --> 00:02:29,070 of building a minimal, valuable, valuable deliverable 47 00:02:29,070 --> 00:02:32,550 for the customer and releasing it to the customer. 48 00:02:32,550 --> 00:02:35,610 It's a concept that stresses the impact of learning 49 00:02:35,610 --> 00:02:37,080 in product development. 50 00:02:37,080 --> 00:02:39,660 It represents a early version of a product 51 00:02:39,660 --> 00:02:43,260 with just enough features to satisfy early customers 52 00:02:43,260 --> 00:02:46,650 and provide feedback for future product development. 53 00:02:46,650 --> 00:02:48,300 MVP is a great concept. 54 00:02:48,300 --> 00:02:51,600 It minimizes risk, because it helps test assumptions 55 00:02:51,600 --> 00:02:53,850 about whether the product meets customer needs. 56 00:02:53,850 --> 00:02:57,993 And by doing this, MVP minimizes waste.