š DAILY BOOK SUMMARIES š š DIRECT FREE E-BOOK DOWNLOAD LINK AVAILABLE ā https://drive.google.com/file/d/1dEsDDyDbr9iqRPwk-SrVu9ltfMjYKTVM/view?usp=drivesdk š„ The Lean Product Playbook š„ š 20 Lessons š āØ Dan Olsen āØ 1. Lean Product Development ā¢ A process to create products that meet customer needs with minimal resources and time. 2. Customer Needs ā¢ Focus on solving real customer problems by understanding their needs deeply. 3. Product-Market Fit ā¢ Achieving a match between product features and customer needs is essential for success. 4. Build-Measure-Learn ā¢ The iterative process to build prototypes, test with customers, and refine based on feedback. 5. Product Strategy ā¢ Define a clear vision and strategy that aligns with customer needs and business goals. 6. Target Customer ā¢ Identify and segment the right target audience for your product. 7. Customer Personas ā¢ Use personas to represent the characteristics, behaviors, and goals of your target customers. 8. Product Vision ā¢ Create a compelling vision that guides product development and motivates the team. 9. MVP (Minimum Viable Product) ā¢ Develop a simple version of the product to test core assumptions and validate the idea. 10. Customer Discovery ā¢ Engage directly with potential customers to identify their pain points and needs. 11. Customer Validation ā¢ Test product hypotheses by gathering feedback from actual customers to validate your solution. 12. Feature Prioritization ā¢ Prioritize features based on customer value, business impact, and ease of implementation. 13. Prototyping ā¢ Use prototypes to quickly test ideas and gather feedback before building the final product. 14. Lean Metrics ā¢ Track key metrics such as customer acquisition, retention, and satisfaction to guide decisions. 15. Testing Assumptions ā¢ Continuously test assumptions about the market, customers, and the product. 16. Pivot or Persevere ā¢ Based on feedback, decide whether to pivot (change direction) or persevere (keep iterating). 17. Cross-functional Collaboration ā¢ Involve all team members (design, development, marketing) early in the product development process. 18. Continuous Learning ā¢ Foster a culture of learning where the team adapts and improves based on real-world feedback. 19. Go-to-Market Strategy ā¢ Develop a strategy for how to launch and scale the product in the market effectively. 20. Scaling the Product ā¢ Once product-market fit is achieved, focus on scaling the product to reach more customers.
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