Value Proposition Canvas is a business model tool that helps you make sure that a company’s product or service is positioned around customers’ values and needs.
Minimum Viable Product (MVP) is about a first version of the product, with minimum features, just to be presented to target audience and get feedback on it. That way, the company can verify the interest of the customers on the idea.
It’s very common to make confusion on what’s the difference between Business Model and Business Plan. But, in fact, they are similar only in name. Their functions and purposes are quite different and, actually, complementary.
The Lean Canvas is a business modeling tool created to help deconstruct a startup idea into its key and most risky assumptions. Deeply influenced by the lean startup methodology, the Lean Canvas servers as a tactical plan to guide entrepreneurs navigate their way from ideation to building a successful startup.
Well, this may be one of those cases where you don’t know who is most famous, the creator or the work. Alexander Osterwalder is much known by coauthoring the Business Model Generation book, and by developing the Business Model Canvas.