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Jul 17, 2023 05:43 AM
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what is maximum viable product theory?
I believe you are referring to the concept of a "Minimum Viable Product" (MVP), not "Maximum Viable Product." The Minimum Viable Product is a product development strategy that focuses on creating a basic version of a product with just enough features to satisfy early customers and gather feedback for future improvements.
The MVP theory is based on the idea that it's better to release a simple, functional product as quickly as possible, rather than waiting to perfect every feature before launch. This approach allows businesses to:
- Test the market demand: By releasing an MVP, companies can quickly determine whether there's a demand for their product before investing significant time and resources into development.
- Gather customer feedback: Early adopters can provide valuable input and insights that can help shape future iterations of the product.
- Iterate and improve: With an MVP, companies can make changes and improvements based on real-world usage and feedback, rather than relying solely on internal assumptions and projections.
- Reduce risk: By starting with a smaller, simpler product, companies can mitigate the risks associated with large-scale product development and avoid wasting resources on features that may not be well-received by users.
In summary, the Minimum Viable Product theory emphasizes the importance of learning from the market and iterating on a product based on customer feedback, rather than trying to perfect it from the start. This approach allows for a more agile development process and can lead to better, more successful products in the long run.
I know the traditional MVP theory well, what I am asking is exactly “maximum viable product theory” which is different from the traditional MVP and requires the owner of the product to try their best to evaluate the maximum range of the product so they can focus on their real key features.
Tell me more about that
I apologize for the confusion. While "Maximum Viable Product" is not as widely recognized or established as the concept of a Minimum Viable Product, I understand that you are looking for an alternative approach that focuses on defining the broadest possible scope of a product before narrowing down to the key features. In this context, Maximum Viable Product theory can be seen as a method to identify all potential features and capabilities a product could have, and then strategically selecting the most essential ones to prioritize.
Here's a step-by-step process for the Maximum Viable Product theory:
- Brainstorm: Gather your team and brainstorm all possible features, functionalities, and capabilities your product could potentially have. Consider different customer segments, use cases, and value propositions. Encourage creative thinking and don't limit ideas at this stage.
- Categorize: Organize the features into categories based on their similarity, functionality, or impact on the user experience. This will help you better understand the relationships between features and their potential combinations.
- Assess feasibility: Evaluate each feature in terms of technical feasibility, resource requirements, and development time. This will help you understand the constraints and trade-offs involved in implementing each feature.
- Prioritize: Rank the features based on their potential impact on your target customers, the competitive landscape, and your business goals. Consider factors like customer needs, value proposition, differentiation, and market opportunities.
- Define your MVP: Based on the prioritization, identify the most critical features that deliver the core value of your product. This will be your initial Minimum Viable Product.
- Iterate and expand: After launching your MVP, collect feedback, measure performance, and learn from the market. Use these insights to guide your decision-making and prioritize additional features from your Maximum Viable Product list for future iterations.
By following this process, the Maximum Viable Product theory can help you explore a wide range of possibilities for your product while ensuring that you focus on the most valuable features and functionalities. This approach enables you to strike a balance between innovation and practicality, and ultimately create a more competitive and successful product.
When should I do that? Or what if the market changes? Or what if I received some feedback after released the MVP?
Is the maximum viable product theory still benefits my project growth?
The Maximum Viable Product theory can indeed be beneficial for your project growth, even if the market changes or you receive feedback after releasing the MVP. One key advantage of this approach is that it encourages you to think broadly and consider a wide range of potential features and functionalities from the start. This can make it easier to pivot or adapt your product in response to market shifts, customer feedback, or new opportunities.
Here are some scenarios when the Maximum Viable Product theory can still be beneficial:
- Market changes: If the market landscape evolves, you can revisit your initial list of features and reevaluate them in light of the new context. This can help you identify new opportunities or areas where you may need to adjust your product strategy.
- Customer feedback: After launching your MVP, you can use customer feedback to validate your initial assumptions and identify areas for improvement. If certain features from your Maximum Viable Product list prove to be more valuable or desirable than anticipated, you can prioritize their development in future iterations.
- Competitive landscape: If new competitors emerge or existing competitors introduce new offerings, you can use your Maximum Viable Product list to reevaluate your product's unique value proposition and identify features that can help you maintain or strengthen your competitive edge.
- New technologies: As new technologies become available, you can assess their potential impact on your product and explore how they might enable new features or enhancements from your Maximum Viable Product list.
The key to successfully leveraging the Maximum Viable Product theory is to maintain a flexible and adaptable mindset. Regularly reassess your product roadmap and priorities based on market conditions, customer feedback, and your overall business goals. This approach can help ensure that your product remains relevant, competitive, and poised for growth, even in the face of change or uncertainty.
So we should “see the big picture” by the rule of “maximum viable product theory” and “act swiftly” by the rule of “minimum viable theory”
Is that correct? And is there more suggestions for a more productive product management?
Yes, you've captured the essence of combining the Maximum Viable Product (MVP) theory with the Minimum Viable Product (MVP) theory. By seeing the big picture through the Maximum Viable Product approach, you can identify a wide range of potential features and opportunities. Then, by acting swiftly with the Minimum Viable Product approach, you can efficiently test, learn, and iterate on your product to deliver the most value to your customers.
Here are some additional suggestions for more productive product management:
- Customer-centricity: Keep your customers at the center of your product development process. Continuously gather feedback, understand their pain points, and prioritize features that provide the most value to them.
- Data-driven decision-making: Use data and analytics to guide your product decisions, from feature prioritization to performance optimization. Establish key performance indicators (KPIs) to measure the success of your product and make informed improvements.
- Cross-functional collaboration: Encourage collaboration between product management, development, design, marketing, and other teams. This helps ensure that all stakeholders are aligned, leading to more efficient and effective product development.
- Agile development: Adopt agile methodologies and practices to enable rapid iteration and continuous improvement. This includes breaking down projects into smaller tasks, conducting regular reviews and retrospectives, and maintaining a flexible product backlog.
- Effective communication: Establish clear channels of communication within your team and with external stakeholders. Communicate your product vision, goals, and priorities regularly to keep everyone aligned and informed.
- Risk management: Proactively identify and address potential risks and challenges throughout the product development process. This includes technical, market, and operational risks, as well as potential dependencies or bottlenecks.
- Continuous learning: Foster a culture of learning within your team and organization. Encourage experimentation, embrace failure as an opportunity to learn, and continuously seek to improve your product management practices.
By incorporating these suggestions into your product management approach, you can enhance productivity and effectiveness, ultimately leading to better products and greater customer satisfaction.
Although it’s not widely recognized, but I believe there must’ve lots of successful product did the same way. Is there any story you know which proved the “maximum viable product” theory?
While there may not be a specific example that explicitly follows the "Maximum Viable Product" theory as described, there are certainly successful products that have benefited from a broader, more strategic approach to product development. One such example is the development of Apple's iPhone.
Apple's iPhone
When Apple entered the smartphone market, it faced well-established competitors like Nokia, BlackBerry, and Motorola. Apple needed to create a product that not only competed with these existing offerings but also offered a unique value proposition. The company had a vision of a device that could handle multiple functions, like phone calls, music, internet browsing, and more, all within a single, user-friendly interface.
The initial development of the iPhone likely involved brainstorming and identifying a wide range of potential features, capabilities, and user experiences. Apple then focused on a core set of features that would deliver the most value and differentiate the iPhone from its competitors. This included a touch-sensitive display, a sleek and minimalistic design, and an intuitive user interface.
Since the launch of the original iPhone, Apple has continued to refine and expand its feature set, incorporating new technologies and functionalities that improve the user experience and maintain its competitive edge. This iterative approach, combined with a clear vision of the product's potential, has contributed to the iPhone's ongoing success.
While this example may not explicitly follow the "Maximum Viable Product" theory, the iPhone's development process shares similar principles. Apple considered a broad range of possibilities for its product, prioritized the most valuable features, and iterated on its offering based on market feedback and technological advancements. This strategic approach to product development has helped Apple create a successful and iconic product.
What’s the difference when we tell the same story using “MaxVP” theory or the “MinVP” theory? What is the most important lesson the “MaxVP” theory tell every product manager additionally to the common understanding of the “MinVP” theory?
When telling the iPhone story using the "MinVP" and "MaxVP" theories, the focus and lessons vary:
MinVP Theory: The Minimum Viable Product approach emphasizes the importance of creating a product with the most critical set of features to address a specific customer need and quickly bring it to market. When discussing the iPhone, the MinVP theory would highlight how Apple identified and prioritized the core features that would differentiate it from competitors, like the touch-sensitive display, sleek design, and intuitive user interface. The key lesson here is to focus on delivering the most value to users with a minimal but functional product.
MaxVP Theory: In contrast, the Maximum Viable Product approach highlights the broader scope of potential features and capabilities that a product could have, along with strategic prioritization and planning. When discussing the iPhone using the MaxVP theory, the focus would be on how Apple first envisioned a wide range of possibilities for the device, and then narrowed down to the most essential features. The key lesson from the MaxVP theory is to think big, consider all potential features and capabilities, and then strategically select the ones that create a unique value proposition and drive the most impact.
The most important additional lesson the "MaxVP" theory offers to product managers, beyond the common understanding of the "MinVP" theory, is the importance of having a comprehensive and strategic view of a product's potential. By considering the widest possible range of features and capabilities, product managers can better understand the product's potential impact, identify new opportunities, and make more informed decisions about prioritization and resource allocation. This approach enables product managers to be more proactive and visionary in their product development, ultimately leading to more competitive and successful products.
Great! Let’s make a conclusion of the whole talk to share with my product managers.
In conclusion, combining the Maximum Viable Product (MaxVP) theory with the Minimum Viable Product (MinVP) theory can lead to a more comprehensive and strategic approach to product development. Here are the key takeaways to share with your product managers:
- Think big with MaxVP: Encourage your product managers to consider the broadest possible range of features, capabilities, and use cases for a product. This allows them to identify new opportunities and better understand the product's potential impact.
- Prioritize strategically: After identifying all potential features, prioritize them based on their value to customers, alignment with business goals, and competitive advantage. This helps ensure that resources are allocated effectively and that the development process remains focused on delivering the most impact.
- Act swiftly with MinVP: Develop and launch a Minimum Viable Product that includes the most essential features to address customer needs and differentiate the product from competitors. This allows for quicker market entry, customer feedback, and iterative improvements.
- Iterate and learn: Continuously gather customer feedback, measure product performance, and learn from the market. Use these insights to refine your product and prioritize new features from the MaxVP list to ensure ongoing growth and competitiveness.
- Adapt to change: Maintain a flexible mindset and be prepared to adjust your product roadmap and priorities based on market changes, customer feedback, or new opportunities. This enables your product to remain relevant and successful even in the face of uncertainty.
By following these guidelines, your product managers can effectively balance innovation and practicality, create more competitive products, and ultimately drive greater customer satisfaction and business success.
以下是 Notion 的翻译
最大可行产品理论是什么?
我认为你指的是“最小可行产品”(MVP)的概念,而不是“最大可行产品”。最小可行产品是一种产品开发策略,侧重于创建一个基本版本的产品,具有足够的功能以满足早期客户需求,并收集反馈以进行未来改进。
MVP理论基于这样一个想法:在产品正式发布之前,发布一个简单的、功能性的产品比等待每个功能完美之后再发布更好。这种方法可以让企业:
- 测试市场需求:通过发布MVP,公司可以快速确定是否有市场需求,而不必投入大量时间和资源进行开发。
- 收集客户反馈:早期采用者可以提供有价值的输入和见解,有助于塑造未来的产品版本。
- 迭代和改进:通过MVP,公司可以根据现实使用和反馈进行更改和改进,而不是仅仅依赖内部的假设和预测。
- 减少风险:通过从较小、较简单的产品开始,公司可以减少与大规模产品开发相关的风险,并避免浪费资源在可能不受用户欢迎的功能上。
总之,最小可行产品理论强调了从市场学习和基于客户反馈迭代产品的重要性,而不是试图从一开始就完美地打造产品。这种方法可以实现更敏捷的开发过程,并在长期内导致更好、更成功的产品。
我很了解传统的MVP理论,我问的是“最大可行产品理论”,它不同于传统的MVP,要求产品所有者尽最大努力评估产品的最大范围,以便他们可以专注于真正的关键功能。
请再告诉我更多
非常抱歉给您带来困惑。虽然“最大可行产品”没有像“最小可行产品”这样被广泛认可或建立,但我了解您正在寻找一种关注在缩小到关键功能之前定义产品的最广泛范围的替代方法。在这种情况下,最大可行产品理论可以看作是一种方法,用于识别产品可能拥有的所有潜在功能和能力,然后有选择地选择最重要的功能进行优先考虑。
以下是最大可行产品理论的逐步过程:
- 头脑风暴:召集您的团队,头脑风暴所有可能的产品功能、功能和能力。考虑不同的客户细分、使用情况和价值主张。鼓励创造性思考,在这个阶段不要限制想法。
- 分类:根据相似性、功能或对用户体验的影响将功能分成类别。这将有助于更好地理解功能之间的关系及其潜在组合。
- 评估可行性:从技术可行性、资源需求和开发时间等方面评估每个功能。这将有助于您了解实现每个功能涉及的限制和权衡。
- 优先考虑:根据对目标客户的潜在影响、竞争环境和业务目标,对功能进行排名。考虑客户需求、价值主张、差异化和市场机会等因素。
- 定义MVP:根据优先级,确定传递产品核心价值的最重要的功能。这将是您的最初最小可行产品。
- 迭代和扩展:在发布MVP后,收集反馈、衡量绩效并从市场中学习。使用这些见解指导您的决策,并从最大可行产品列表中优先考虑其他功能以进行未来迭代。
通过遵循此过程,最大可行产品理论可以帮助您探索产品的广泛可能性,同时确保您专注于最有价值的功能和功能。这种方法使您能够在创新和实用性之间取得平衡,最终创造出更具竞争力和成功的产品。
什么时候应该这样做?或者如果市场发生了变化怎么办?或者在发布MVP后收到反馈怎么办?
最大可行产品理论是否仍有助于我的项目增长?
即使市场发生变化或发布MVP后收到反馈,最大可行产品理论仍然可能有助于您的项目增长。这种方法的一个关键优势是,它鼓励您从一开始就考虑更广泛的潜在功能和功能。这可以使产品在市场变化、客户反馈或新机会方面更容易转向或适应。
以下是当最大可行产品理论仍然有益时的一些情况:
- 市场变化:如果市场格局发生变化,您可以重新审视您最初的功能列表,并根据新的情况重新评估它们。这可以帮助您识别新的机会或需要调整产品战略的领域。
- 客户反馈:发布MVP后,您可以使用客户反馈来验证您的初始假设并确定改进的领域。如果来自最大可行产品列表的某些功能被证明比预期更有价值或更受欢迎,您可以在未来的迭代中优先考虑它们的开发。
- 竞争环境:如果新的竞争对手出现或现有的竞争对手推出新产品,您可以使用最大可行产品列表重新评估您的产品独特价值主张,并确定可以帮助您维护或增强竞争优势的功能。
- 新技术:随着新技术的出现,您可以评估它们对您的产品的潜在影响,并探索它们如何使最大可行产品列表中的新功能或增强成为可能。
成功利用最大可行产品理论的关键在于保持灵活和适应性的心态。根据市场条件、客户反馈和您的整体业务目标定期重新评估您的产品路线图和优先事项。这种方法可以帮助确保您的产品保持相关、有竞争力,并为增长做好准备,即使面对变化或不确定性也是如此。
所以我们应该通过“最大可行产品理论”来“看到大局”,通过“最小可行产品理论”来“迅速行动”,对于更高效的产品管理还有其他建议吗?
是的,您已经抓住了将最大可行产品(MaxVP)理论与最小可行产品(MinVP)理论相结合的精髓。通过最大可行产品方法看到大局,您可以确定产品的广泛潜力和各种可能的功能和特点。然后,通过最小可行产品方法迅速行动,您可以有效地测试、学习和迭代产品,以向客户提供最大价值。
以下是更高效的产品管理的一些其他建议:
- 以客户为中心:将客户放在产品开发过程的中心。不断收集反馈,了解他们的痛点,并优先考虑为他们提供最大价值的功能。
- 数据驱动决策:使用数据和分析来指导您的产品决策,从功能优先级到性能优化。建立关键绩效指标(KPI)来衡量产品的成功,并进行知情的改进。
- 跨职能合作:鼓励产品管理、开发、设计、营销和其他团队之间的合作。这有助于确保所有利益相关者保持一致,从而导致更高效和更有效的产品开发。
- 敏捷开发:采用敏捷方法和实践,实现快速迭代和持续改进。这包括将项目拆分成较小的任务、定期进行审查和回顾,并维护灵活的产品待办事项列表。
- 有效沟通:建立清晰的团队内部和外部利益相关者之间的沟通渠道。定期向所有人传达您的产品愿景、目标和优先事项,以使所有人保持一致和知情。
- 风险管理:积极识别和解决产品开发过程中的潜在风险和挑战。这包括技术、市场和运营风险,以及可能的依赖关系或瓶颈。
- 持续学习:在团队和组织内培养学习文化。鼓励尝试新事物,视失败为学习机会,不断寻求改进产品管理实践的方法。
通过将这些建议纳入您的产品管理方法中,您可以增强生产力和效率,最终导致更好的产品和更高的客户满意度。
虽然“最大可行产品”这一概念没有像“最小可行产品”那样被广泛认可或建立,但肯定存在成功的产品从更广泛、更战略的角度进行产品开发。其中一个例子是苹果的iPhone开发。
苹果的iPhone
当苹果进入智能手机市场时,它面临着像诺基亚、黑莓和摩托罗拉等成熟的竞争对手。苹果需要创建一个不仅与这些现有产品竞争,而且还提供独特价值主张的产品。公司对一个能够处理多种功能(如电话、音乐、互联网浏览等)的设备有着远见卓识,所有这些功能都在一个单一、用户友好的界面中完成。
iPhone的初始开发可能涉及头脑风暴并识别出一系列可能的特征、功能和用户体验。苹果随后专注于一组核心特征,这些特征将提供最大价值并使iPhone与竞争对手区别开来。这包括触摸屏、时尚简约的设计和直观的用户界面。
自首款iPhone推出以来,苹果不断完善和扩展其特征集,结合新技术和功能,以改善用户体验并保持其竞争优势。这种迭代式方法,再加上对产品潜力的清晰远见,有助于iPhone持续成功。
虽然这个例子可能没有明确遵循“最大可行产品”理论,但iPhone的开发过程共享类似的原则。苹果考虑了其产品的最广泛可能性,优先考虑最有价值的特征和功能,并根据市场反馈和技术进步在其产品上进行迭代。这种战略性的产品开发方法有助于帮助苹果创建成功并具有标志性的产品。
当使用“MaxVP”理论或“MinVP”理论讲述同一故事时,重点和教训会有所不同:
MinVP理论:最小可行产品方法强调创建具有最关键功能以满足特定客户需求并快速推向市场的产品的重要性。讨论iPhone时,MinVP理论将强调Apple如何识别和优先考虑核心功能,如触摸屏幕、简洁的设计和直观的用户界面。这里的关键教训是专注于用最少的但功能性的产品为用户提供最大的价值。
MaxVP理论:相反,最大可行产品方法强调产品的潜在功能和能力的广泛范围,以及战略性的优先考虑和计划。使用MaxVP理论讨论iPhone时,焦点将放在Apple首先设想了一系列可能的设备功能、用途和价值主张,然后缩小到最重要的功能。MaxVP理论的主要教训是要有一个全面和战略性的产品潜力视角。通过考虑最广泛的功能和能力,产品经理可以更好地了解产品的潜在影响、确定新的机会,并更明智地决策优先级和资源分配。这种方法使产品经理在产品开发中更具前瞻性和实用性,最终导致更有竞争力和成功的产品。
“MaxVP”理论除了“MinVP”理论的常见理解之外,向产品经理提供的最重要的额外教训是具有全面和战略性的产品潜力视角的重要性。通过考虑最广泛的功能和能力,产品经理可以更好地了解产品的潜在影响、确定新的机会,并更明智地决策优先级和资源分配。这种方法使产品经理在产品开发中更具前瞻性和实用性,最终导致更有竞争力和成功的产品。
在这次谈话中,将“最大可行产品”(MaxVP)理论与“最小可行产品”(MinVP)理论相结合,可以实现更全面和战略性的产品开发方法。以下是与您的产品经理分享的主要要点:
- MaxVP:看大图:鼓励您的产品经理考虑产品可能具有的最广泛功能、能力和用例。这使他们可以发现新的机会,更好地理解产品的潜在影响。
- 战略性优先考虑:在确定了所有潜在的功能之后,根据其对客户的价值、与业务目标的一致性和竞争优势来对它们进行优先排序。这有助于确保资源的有效配置,开发过程保持专注,以实现最大的影响。
- MinVP: 快速行动:开发并发布一个最小可行产品,它包括最基本的功能,以满足客户需求,并将产品与竞争对手区分开来。这使得更快地进入市场,收集客户反馈,并逐步改进。
- 迭代和学习:持续收集客户反馈,衡量产品的表现,并从市场上学习。利用这些见解来完善您的产品并从最大可行产品列表中为未来的增长优先考虑新功能。
- 适应变化:保持灵活的心态,并准备根据市场变化、客户反馈或新的机会调整产品路线图和优先级。这使您的产品即使在面对不确定性时仍然保持相关和成功。
通过遵循这些指南,您的产品经理可以有效地平衡创新和实用性,创建更具竞争力的产品,并最终推动更大的客户满意度和业务成功。