Abstract—The agile manifesto and the resulting change of software project management towards agile approaches did not only change the software world. Branches such as the service or financial sector took over agile approaches and tools. Usage of a “minimum viable product” (MVP) is one approach to accelerate time to market. While software products can be brought to a new version by a recompila-tion the hardware production has limiting boundary condi-tions, that cannot be neglected. However, the mindset of an MVP could also help hardware projects like the ones in the chip industry to optimize the development in respect to time to market and address the design gap. The results show how to use MVP in hardware development and the balancing between features and time to market is discussed.

Index Terms—agile, MVP, minimum viable product, chip development, semiconductor industry, design gap, strategic management

Cite: Christian Reidl and Daniel Valtiner, "Using MVP in Hardware Industry – Reduce “Time to Market” by Taking Risks," Journal of Advanced Management Science, Vol. 9, No. 4, pp. 83-87, December 2021. doi: 10.18178/joams.9.4.83-87

Copyright © 2021 by the authors. This is an open access article distributed under the Creative Commons Attribution License (CC BY-NC-ND 4.0), which permits use, distribution and reproduction in any medium, provided that the article is properly cited, the use is non-commercial and no modifications or adaptations are made.