Discy Latest Questions

  1. The main purpose of MVP is to test your assumptions in an inexpensive manner. But you can do the same thing with an NVP also known as No Viable Product. So what comes before an MVP is an NVP. NVP comes in between the business canvas model phase and an MVP phase. NVP is like a sales pitch created outRead more

    The main purpose of MVP is to test your assumptions in an inexpensive manner. But you can do the same thing with an NVP also known as No Viable Product. So what comes before an MVP is an NVP.
    NVP comes in between the business canvas model phase and an MVP phase. NVP is like a sales pitch created out of the assumptions in your business canvas model. You then try to sell this NVP to your target market. Being successful in your NVP will in a way validate your assumptions even before you develop the MVP. If you are unable to sell your NVP then you need to rework on your business canvas model assumptions.
    You read an article here for more understanding: https://www.linkedin.com/pulse/what-comes-before-mvp-travis-o-johnson/

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  1. Freemium as the name suggests is a combination of the words "Free" and "Premium". A freemium business model is a model where the basic features are provided free of cost and you have to pay a small fee if you want to use the advanced features. Note freemium and premium are two different strategies.Read more

    Freemium as the name suggests is a combination of the words “Free” and “Premium”.
    A freemium business model is a model where the basic features are provided free of cost and you have to pay a small fee if you want to use the advanced features.
    Note freemium and premium are two different strategies.
    Some of the well known apps that use freemium business model are LinkedIn, Candy Crush, Youtube Music, etc.
    In a freemium business model, it is observed that only 5% of the total user base opts for advanced features and their payment is what acts as revenue for the company and also supports the remaining active users of the app.
    Since the payments are real small amounts, the user does not mind opting for it and keeps continuing the service.

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  1. Employees thrive when the total work environment offered that includes rewards and career stability, supports them in attaining their goals and dreams. The best employees for your organization share your company's vision and values. Selecting the right people in the first place through behavior-baseRead more

    Employees thrive when the total work environment offered that includes rewards and career stability, supports them in attaining their goals and dreams. The best employees for your organization share your company’s vision and values. Selecting the right people in the first place through behavior-based testing and competency screening and at the same time, not to neglect to hire people with the innate talent, ability, and smarts to work is the very beginning step to reduce employee turnover. Offering an attractive, competitive, comprehensive benefits package with components such as life insurance, disability insurance and flexible hours i.e. enable employees to balance work and life, can give you a little guarantee that the employees will be happy and safe for your company. Providing many training opportunities for people to share their knowledge via training sessions, cross-training, career progression., presentations, mentoring others and team assignments is another way to ensure them that they are at best place. Career and personal growth is the only measurement of their staying up for long and not looking for any other jobs. Improve performance management by overhauling reviews, and watch employee trust and satisfaction grow. Lastly, find ways to cultivate and nurture respect in your workplace and it will pay off in higher retention.

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  1. Growth hacking is a concept that promotes constant experimentation across various departments of business like marketing, business development etc, to determine the most effective way to do business. An important objective of growth hacking is to grow business massively in a short span of time. It iRead more

    Growth hacking is a concept that promotes constant experimentation across various departments of business like marketing, business development etc, to determine the most effective way to do business.
    An important objective of growth hacking is to grow business massively in a short span of time. It is a commonly adopted strategy by startups.
    Here is an article where you can read about growth hacking strategies and the phases of growth hacking. Link to the article: https://www.feedough.com/growth-hacking-an-actionable-guide/

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  1. Soft skills are referred to as skills required to manage interpersonal relationships. There are various examples of soft skills. Some of which are listed below: 1. Communication skills 2. Work Ethic 3. Time management 4. Leadership 5. Conflict resolution

    Soft skills are referred to as skills required to manage interpersonal relationships.
    There are various examples of soft skills. Some of which are listed below:
    1. Communication skills
    2. Work Ethic
    3. Time management
    4. Leadership
    5. Conflict resolution

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  1. Firstly, takeover refers to the acquisition of one company by another company. While hostile means unfriendly or opposed. By the explanation of these two terms separately we can conclude that a hostile takeover is when an acquiring company attempts to takeover a target company against the wishes ofRead more

    Firstly, takeover refers to the acquisition of one company by another company. While hostile means unfriendly or opposed. By the explanation of these two terms separately we can conclude that a hostile takeover is when an acquiring company attempts to takeover a target company against the wishes of the target company’s management. It is achieved by an acquiring company achieve by going directly to the target company’s shareholders or they can also fight to replace its management.
    Watch the video below to get a better insight.

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