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Providing Value
If a product isn't perfect, the thing to consider is if it provides value to the user as it is, or not.
If there are some omissions or inconveniences, one has to figure out if it is still worth putting in the market or wait until it is in better shape.
39
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A New Project
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.
Launching a bare-bones product is more suitable for early-stage companies.
49
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Minimum Viable Product
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.
Releasing an MVP allows one to get feedback at...
54
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Perfect Vs Good Enough
For work that is not mission-critical, sometimes it is better to be just good enough, instead of being perfect.
Striving for 'Good Enough' instead of perfect can increase productivity if done rightly.
75
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First of its Kind
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.
50
154 reads
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Expected value
We all spend time making decisions with some risk involved. We look at each situation and consider the likelihood that something will happen as well as if it would be worth it.
For example, whether to sprint across the street when the sign says “don’t walk.”
Expected value...
Create perceived value
Keep in mind that perceived value often has little to do with your product’s price, it really hinges on whether you can convince customers that your product can and will satisfy their personal needs. Some ways you can play with perceived value:
- Play up the exclusivity of your p...
What it means to be creative
Creativity is often thought of as creating something unique. But, most of what we experience as "new" is simply old stuff presented in fresh or unexpected ways.
Creative work also adds some kind of value to the world. If something is novel but doesn't add ...
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