How can you balance speed and quality in product launch on a tight budget?

Focus on core functionality of tracking expenses and income, while launching a product on tight budget, like a tech startup's mobile app for managing personal finances. Approach: Prioritize speed and efficiency, as in a consumer goods company's eco-friendly cleaning products with minimal packaging Feedback: Gather input from early users and iterate, such as a software company releasing basic project management tool to identify and address usability issues. Cost-effective solutions: Utilize affordable tools and templates, like an e-commerce startup creating a professional website without significant investment. Agile development: Prioritize essential features, streamline production, and deliver high-quality products within set timeframes

Before defining MVP, you need to have clear and hat kind of product for what market you are developing. A material or hardware is immensity different to a software. This seems quite obvious, but I see many people trying to apply software development principles to material development: often leading to a big failure.

A lot of it depends on: - Yes it is significant to categorise your product features in Crawl-Walk-Run stage & MVPs are always part of Crawl phase. - Categorise products/features per the BCG Matrix, where-in it is better to enhance Star category products in crawl stage. - Walk & Run stages are best for the Cash-cows & Question Marks category. - It is signifiant to pick right product features to gain customer attention

Each position has a role in this task. A product manager must filter nice to haves from customer requests. An engineering manager should have both lists, to help select delighters, but should limit work to avoid vague development and design endpoints to maintain reliable timelines. A product owner should ensure the goals are met in a meaningful manner. A program manager should coordinate and balance Interdepartmental requests to ensure timely completion of the work.

Align the stakeholders regarding product definition. Depending on the maturity of the type of product in the organization that can be very difficult.

People need to understand that agile does not work for everything. Do not use it only because it sounds cool. I still have not seen agile work for a material development nor for automotive.

Hoy en día es útil aprovechar los recursos tecnológicos que tenemos a disposición para lograr agilizar tiempos. La inteligencia artificial puede ser muy útil a la hora de procesar grandes cantidades de datos. También el uso de software de análisis de datos cualitativos puede ser útil para desarrollar un informe mucho más apegado a la opinión de los stakeholders participantes en la investigación, ya que permite codificar y correlacionar datos que de lo contrario pueden quedar a la interpretación del investigador generando un sesgo en la misma.