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🚀 Kickstart Your Startup with an #MVP! 🚀 Launching a startup can be daunting, but building a Minimum Viable Product (MVP) can streamline your journey. Here's why: 🔵 Validate Your Idea Quickly: An MVP allows you to test your concept in the market without extensive resources. 🔵 Save Time and Money: By focusing on core features, you reduce development costs and accelerate your launch. 🔵 Gather Real User Feedback: Early adopters provide invaluable insights, guiding future development. 🔵 Attract Investors: A functional MVP demonstrates potential, making your startup more appealing to investors. 🔵 Mitigate Risks: Identify and address issues early, ensuring a more robust final product. At Fively, we've crafted a comprehensive #guide to walk you through the MVP development process, ensuring your startup's success. Check out our step-by-step guide here: ▶️ https://lnkd.in/dZZfbGmD #webdevelopment #softwareengineering #business #startups #minimumviableproduct

What Are PIM System Key Features? 📗 💡 PIM is a systematic tool for managing and centralizing product data and information across various sales channels and platforms. ❓ They are designed to streamline the collection, organization, and distribution of product information, ensuring consistency and accuracy throughout the product lifecycle. By acting as a single source of truth for product data, PIM systems help businesses improve their operations, enhance customer experiences, and accelerate time-to-market. Now, let’s look at a typical PIM system features: 💚 Centralized Product Data Repository PIM systems function as a central hub for all product-related information, encompassing descriptions, specifications, pricing, and images. This unified source of truth enables organizations to manage product data effectively and guarantees that all teams have access to the most up-to-date information. 💚 Data Enrichment and Validation PIM solutions empower users to enhance product information by incorporating additional attributes, detailed descriptions, and multimedia elements. They also often feature validation rules that ensure the data complies with specific standards before publication, improving overall data quality and accuracy. 💚 Multi-Channel Publishing These systems streamline the distribution of product information across diverse sales channels, including eCommerce sites, online marketplaces, and print catalogs. This capability ensures consistent messaging and branding for products across all platforms, ultimately enhancing the customer experience. 💚 Version Control and History Tracking PIM solutions frequently incorporate version control functionalities that allow users to monitor changes to product information over time. This feature provides insight into the evolution of product data and ensures teams can revert to previous versions when needed. 💚 Collaboration Tools Many PIM systems come with integrated collaboration features that facilitate teamwork among cross-functional groups. These tools may include task assignments, commenting capabilities, and approval workflows, which streamline communication and foster collaboration. 💚 Integration Capabilities These solutions are designed to integrate seamlessly with other business systems, such as ERP, CRM, and eCommerce platforms. This interoperability ensures that product information remains synchronized across all systems, minimizing the risk of data discrepancies and improving operational efficiency. 💥 Discover more about PIM systems in our new article: https://lnkd.in/e4netazb #ecommerce #PIM #productmanagement #managementtools #software #onlinecommerce #ecommercedevelopment #pimsystem #trends #softwaredevelopment

📊📂 What Is a Digital Asset Management System (DAM)? Said simply, a DAM system is a centralized platform designed to store, organize, manage, and distribute digital assets such as images, videos, audio files, and documents. ⚙️ Furthermore, a robust DAM solution often integrates with other business systems, such as content management systems (CMS) and marketing automation tools, allowing for seamless distribution of digital content across various platforms. Key DAM Features include: 📍 Centralized Repository 🏷️ Metadata Management 🔄 Version Control 🔐 Access Controls and User Permissions 🔍 Advanced Search Functionality 🔗 Integration Capabilities 🤝 Collaboration Tools 📊 Analytics and Reporting 🤖 Automated Workflows 🖼️ Support for Multiple Formats 📖✨ Find more info about the DAM system's benefits in our fresh article: https://lnkd.in/e4netazb #otomate #dam #pim #productmanagement #managementsystem #datamanagement #ecommerce #commerce #onlinesales #marketplaces

World's richest countries by GDP per capita... Source 🙏 Visual Capitalist via Alvin Foo & Diane Kaneza (HT) #GDP #Economy #World #WealthManagement

B2B, C2C, B2C, C2B, what does each business model mean in cross-border payments? . The diagram below shows the market size, profit margin, and typical companies. 🔹 C2C (Customer pays Customer) Typical scenarios include cross-border remittance etc. The profit margin is the highest (6%) among the 4 business models, and the volume is the lowest. 🔹 B2C (Business pays Customer) Typical scenarios include salaries, welfare, and refunds. The profit margin is 1.5%, and the volume is 2.5X C2C. 🔹 C2B (Customer pays Business) Typical scenarios include eCommerce and marketplace payments, PoS (Point-of-Sale), and billing. The profit margin is 3.5%, and the volume is higher than B2C. 🔹 B2B (Business pays Business) Typical scenarios are inter-company trade and investments. The volume is much higher than the rest of the 3 business models, but the profit margin is 0.1%. The innovations usually come out of customer-related payment scenarios (C2C, C2B), and typical business-related payment scenarios (B2C, B2B) are allegedly 10 years behind. There is a lot of manual work involved in KYC (Know-Your-Customer) and risk control. So a few VC-backed companies are committed to addressing the inefficiencies in B2B payments. 🔹 Over to you: Which tool(s) do you use for cross-border payments? — 👉 If you like my FinTech posts, please follow Hua Li and click the 🔔 on my profile to receive updates. #systemdesign #payments #fintech .

The Strategy Pyramid - How are purpose, strategy and execution connected… 90% of the companies fail to execute their strategy: Want to know how the remaining 10% manage to do it? I want to introduce an extremely useful concept: The Strategy Pyramid. This is the concept shared by Wendy McGuiness (2011). It summarizes the 9 key pillars of successful strategy and its execution, divided into 3 main categories: purpose, strategy and execution. A) Purpose: 1. Mission: Defines the fundamental purpose or reason for the existence of the corporation, answering questions like "Why do we exist?" and "What is our core reason for being in business?" 2. Values: Sets out the guiding principles and beliefs that shape the corporate culture and decision-making processes, reflecting the organization's ethical standards and desired behaviors. 3. Vision: Paints a clear picture of the desired future state of the company, providing direction and inspiration by answering the question "Where do we want to be in the future?" B) Strategy: 4. Strategic Intent: Outlines the overarching goals and objectives of the organization, defining the desired outcomes and the path to achieve them. 5. Drivers: Identifies the key factors or strategic priorities that will drive the company's success, such as market expansion, product innovation, cost leadership, or customer experience. 6. Enablers: Represents the resources, capabilities, and infrastructure needed to execute the strategy effectively, including technology, human capital, financial resources, etc. C) Execution: 7. Targets and Initiatives: Sets specific, measurable targets and initiatives aligned with the strategic objectives, providing actionable steps to move the organization forward. 8. Performance Indicators: Establishes metrics and key performance indicators (KPIs) to track progress toward goals and assess the effectiveness of strategic initiatives. 9. Strategy Map: Communicates the corporate strategy in a clear manner and ensures alignment across the organization. These categories provide a framework for corporate leaders to: 1) Articulate the purpose of the organization, 2) Develop a clear strategy to achieve its goals, 3) Execute it effectively Make sure you address all the points: As they are equally important. P.S. Are you paying enough attention to the strategy? 📌 Many thanks 🙏 for the content Igor Buinevici #strategy #success #entrepreneur #startup ‪#worklife #motivation #FutureofWork #Leadership #WorkLifeBalance‬