Lean Product Development
Lean Product Development focuses on creating more value for customers with fewer resources by eliminating waste throughout the product development process. It emphasizes continuous improvement, efficiency, and responding quickly to customer feedback and market changes.
Example
At Spotify, Lean Product Development principles are applied to rapidly test and iterate on new features. By focusing on small, incremental updates and utilizing A/B testing, Spotify can quickly gauge user response and adapt its offerings, ensuring that resources are efficiently used to enhance user satisfaction and engagement.