Balancing investment, Minimum Viable Product, and time to market
By Peter Hanschke
I was a panelist at the latest Agile Ottawa meeting where we discussed our experiences with the process and concepts of Eric Ries‘ lean startup methodology. Today, I will share some of the points I made during the discussions.
By the time I got to reading Eric’s book, I was well on my way to using and advising clients and my employers on many of his teachings. Even though he focuses on startups, the principles in general are applicable to larger companies that need to bring new products to market with little investment. Note that larger companies have other challenges to successfully introduce new products quickly with little investment — Clayton Christensen‘s book The Innovator’s Dilemma does a good job of outlining these challenges.
The area I want to focus on is the balance between investment, Minimum Viable Product (MVP), and time to market.
