Lean Innovation – How to do product development in a lean and efficient way

To keep your product development process on track, it's essential to identify the goal of each phase. The five phases of lean product development are Ideation, Proof of Concept, Rapid Prototyping, MVP, and Product Rollout. In the Ideation phase, focus on identifying user pain points and developing a user-centric product idea. Proof of Concept validates the technical feasibility of your concept. During Rapid Prototyping, develop your first prototype quickly and iteratively to gather feedback from users. Once you have a high-fidelity prototype, move on to developing your MVP. Finally, during Product Rollout, determine the final features and quality of your product, develop a marketing and sales strategy, and prepare for launch.