MVPs & Business Canvas: Road‑mapping Brand Innovation
In today’s fast-evolving business landscape, brands must innovate not just to grow, but to survive. Whether you’re launching a startup or revitalizing a legacy brand, having a clear roadmap for innovation is critical. Two of the most effective tools for this journey are Minimum Viable Products (MVPs) and the Business Model Canvas . When used together strategically, these tools can unlock real customer insights, reduce market risk, and accelerate innovation cycles. Let’s explore how MVPs and the Business Model Canvas complement each other to drive brand innovation — from concept to execution. What Is a Business Model Canvas? Developed by Alexander Osterwalder, the Business Model Canvas is a one-page visual framework that outlines the key components of a business model. It includes nine essential building blocks: Customer Segments Value Propositions Channels Customer Relationships Revenue Streams Key Resources Key Activities Key Partnerships Cost Structure This canvas helps entre...