This is the product in its simplest state
The general strategy is often referred to as Lean Management and was brought to the world of product development by Steve Blank as customer development . Similar to Lean Startup, Blank's customer development focused on understanding the customer's problem as precisely as possible and validating that a product is actually the solution they were looking for - all as early as possible before scaling the business. In 2008, Eric Ries proposed the Lean Startup method as a synthesis of lean manufacturing and customer development and later published his bestselling book “The Lean Startup” on the subject in 2011.Since its release, the Lean Startup method has become increasingly popular. Why Lean HK Phone Number Startup? In today's fast-moving markets, few companies can afford to invest time and money in ventures whose success is completely uncertain. The traditional approach of investing months or years of resources to bring a detailed product to market that may not meet customer needs is increasingly risky. For many companies, the Lean Startup method is the solution. Thanks to a fast and lean process of iteration (i.e. gradual development), lean startups can minimize their financial risk while trying out a variety of ideas and products.
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This allows them to identify successful products early on and test and discard those ideas that don't work. This way you can minimize wasted time and money from failed launches. Concepts in the Lean Startup method The principles of a lean startup are applicable to many product development strategies. The two most fundamental concepts are the “Minimum Viable Product” (MVP) and the “Build, Measure, Learn” cycle. Minimum Viable Product (MVP) Lean startups begin with the development of a “Minimum Viable Product” (MVP).with only those functions that are necessary to test whether it meets the requirements of the customer target groups.
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