MVP: Startups vs. Mature Products

At Ebix we strive for agility, flexibility, and rapid iteration. Focusing on speed to market first, we then collect feedback and make needed adjustments to our products and services. These agile methods and DevOps are central to delivering a minimal viable product (MVP). Ebix’s use of this contextual concept is surprising to some. They do not realize that we operate with a startup mentality despite having been in the insurance software industry for decades. The notion that MVP is reserved exclusively for startups is a common industry misconception. In reality, businesses with established products can use MVP too, though the application is a slightly different. MVP: Startups vs. Mature Products MVP emphasizes simple feature lists, building products in iterative cycles, and communicating with customers early in product development. MVP, along with Agile and DevOps, may seem like unrelated concepts, but they’re not. For example, for DevOps you need to have …

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3 Ways to Make Sure Your Talent Strategy Fits Your Organization

The key to success in building a talent strategy is understanding your own company well. It seems obvious, but HR leaders who try to put together a talent strategy without considering the organization’s mission, culture and overall business strategy aren’t likely to see success — and may undermine the organization itself. Here are three tips for building a talent strategy that will serve your organization well. 1. Reflect Your Organizational Culture An organization’s talent management strategy should reflect its company culture, says Chris Lennon, vice president of product management for cloud-based talent management solutions provider SilkRoad. If your company culture is built around fast growth, your talent strategy should reflect that through hiring for growth and rewarding employees who can contribute to the bottom line. An organization whose culture reflects its dedication to social issues through its business strategy would have a talent strategy that seeks out and finds people …

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