Categories: Product Development
“Lean Startup” is a Methodology for launching businesses and products, that relies on gathering requirements, validating, experimenting, and iterative product releases. In this startups, can design their products or services to meet the demands of their customer base without requiring large amounts of initial funding or expensive product launches.
Definition of "Lean Startup" by Chat GPT: The term "Lean Startup" refers to a business methodology and approach developed by Eric Ries that emphasizes creating a streamlined and efficient process for developing products and launching startups. It involves building a minimum viable product (MVP) to quickly validate ideas, experimenting with different strategies, and using customer feedback to make data-driven decisions and iterate on the product. The goal of the Lean Startup methodology is to reduce waste, minimize risks, and increase the chances of success for new ventures.
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