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SHIV DIXIT

CHAIRMAN - BITEX IND... • 12m

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

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