Monica Blog

The lecture by Engr. Miriam Bergado on Minimum Viable Product (MVP) and traction was insightful and informative. The session emphasized the importance of developing a basic version of a product that can be released to early users to validate assumptions and gather feedback. This concept resonated with me as it highlights how crucial it is to avoid investing too much time and resources in a fully developed product without first testing its viability in the market. Engr. Bergado explained that an MVP is not just a prototype but a functional version that solves the core problem and meets the primary needs of the target audience. By focusing on essential features, startups can save costs and minimize risks while gaining valuable insights into user behavior. She provided practical examples of successful MVPs, such as how Dropbox initially launched a simple demo video to validate interest before building the full product. Moreover, the lecture also discussed the concept of traction, which ...

The topic of "Creating Competitive Advantage" in technopreneurship is a crucial aspect of building a successful business, especially in the tech-driven market landscape. Competitive advantage refers to the unique attributes or strategies that allow a business to outperform its rivals. In the context of technopreneurship, these advantages often stem from innovation, cutting-edge technology, customer-centric solutions, and strategic partnerships. During the Week 8 Plenary Class held on April 17, 2023, Dr. Franch Maverick A. Lorilla, the manager of CDO Bites, discussed the significance of creating a competitive edge in the entrepreneurial space. He emphasized how leveraging technology can enable startups to differentiate themselves in a saturated market. For instance, utilizing data analytics to understand consumer behavior or implementing AI to optimize operational processes can significantly enhance a business's value proposition. Additionally, Dr. Lorilla highlighted the ...

Week 9 of Tech101 focuses on the principles and processes involved in effective planning. Planning is a crucial step in any project as it sets the foundation for success. It involves defining goals, identifying resources, and creating a roadmap for achieving the desired outcomes. In technology-related projects, planning ensures that all necessary elements, such as time, budget, and personnel, are effectively managed. Principles of Planning: Clarity of Purpose: Clearly define the objectives of the project. This helps in creating a focused plan that aligns with the desired outcomes. Flexibility: Plans should be adaptable to changes. Technology projects can be unpredictable, so being open to adjustments is vital. Continuity: Planning is an ongoing process. Regularly reviewing and updating the plan ensures that it remains relevant. Coordination: All team members should understand the plan and their roles in executing it effectively. Realism: The plan should be practical and...

The Week 11 lecture in Tech101, led by Engr. Miriam Bergado, focused on the concept of Minimum Viable Product (MVP) and Traction. The lecture was conducted through a Facebook Live session on November 15, 2021, at 10 AM. This session was vital for understanding how to develop a product with just enough features to attract early adopters and validate a business idea. A Minimum Viable Product (MVP) is a basic version of a product that includes only the core features necessary to solve the problem it is designed for. The purpose of creating an MVP is to test the product’s potential in the market without spending too much time or resources. Engr. Bergado emphasized that building an MVP helps startups gather user feedback, identify potential improvements, and minimize risks before investing in a full-scale product launch. In the lecture, Engr. Bergado also discussed how traction plays a critical role in the success of a startup. Traction refers to the evidence that the product is gaining i...