Ideas from books, articles & podcasts.
If a product is being launched in the market that is new and does not have competition, then launching it with bare minimum features is the right way.
MVP (Minimum Viable Product) strategy does not work for a generic product.
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If you already have a big, successful product in the market and want to launch a new, not-so-perfect product, it may not be a great idea.
If a product isn't perfect, the thing to consider is if it provides value to the user as it is, or not.
The Minimum Viable Product is the simplest, most basic form of a product or service, which can be sold in the market. This doesn't have all of the bells and whistles but has enough features to work. Basically, it is good enough but not perfect.
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Take any product that is considered to be best in class, and you can quickly find some issues with it. The iPhone doesn’t offer some of the flexibility of Android. A Tesla doesn’t have the same range as gas-powered cars. Gmail is missing some features that other alternatives provide.
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