The Lean Product Process is a flexible framework that can be adapted for different industries or product types by understanding the specific needs and characteristics of the target customers in each industry or product type. The first step, identifying target customers, would involve understanding the demographics, behaviors, and needs of customers in the specific industry or product type. The underserved needs would then be identified based on this understanding. The Product Value Proposition would be defined to address these needs in a way that is superior to existing alternatives in the industry or product type. The Minimum Viable Product feature set would be shortlisted based on what is feasible and would create the most value for customers in the industry or product type. The prototype would be built and tested with customers in the industry or product type to get feedback and iterate on the product.

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Some common reasons for products failing to achieve product-market fit include not adequately understanding the target customer's needs, not creating a unique value proposition, not defining a minimum viable product feature set that meets customer needs, and not testing the product with customers. Other reasons could be not separating the problem space from the solution space, and not identifying the right customer segment.

The content does not provide specific examples of products that have achieved product-market fit using the Lean Product Process. However, many successful products in the market likely used a similar process, even if not explicitly named as such. The Lean Product Process is a common approach in product development, particularly in tech and startup environments.

Some strategies to shortlist the Minimum Viable Product (MVP) feature set include identifying the target customers, understanding their underserved needs, and defining the product's value proposition. It's important to keep the problem space (customer needs) separate from the solution space (product design). Multiple solutions can solve each problem in the product space. The MVP should include only those features that address the key needs of the target customers and differentiate the product from existing alternatives.

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The Lean Product Playbook

Why do so many products fail? It's not because they are built or marketed poorly, but because they d...

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