Create MVP from "summary" of The Lean Product Playbook by Dan Olsen
The concept of creating an MVP, or Minimum Viable Product, is a fundamental principle in the Lean Product Playbook. An MVP is a version of a new product that enables a team to collect the maximum amount of validated learning about customers with the least effort. The goal is to test key assumptions and hypotheses in order to learn what customers really want and need. When creating an MVP, simplicity is key. It should be the simplest version of the product that allows you to test your core hypothesis. By focusing on the essential features, you can minimize development time and costs. This approach also enables you to get the product into the hands of customers sooner, allowing you to gather feedback and make improvements based on real-world data. Clarity is also crucial when creating an MVP. You must clearly define your hypothesis and the key metrics you will use to measure its success. This will help guide the development of the MVP and ensure that you are focused on testing the most important aspects of your product idea. By setting clear goals and expectations, you can more effectively evaluate the results of your MVP experiment. In order to ...
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