Maximizing Product Success: The Role of Hypothesis Testing, Prototyping, and MVPs
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Testing hypotheses is essential to product development, as it helps identify potentially successful products. Most product hypotheses do not pan out, and it takes a lot of work and a large budget to develop a product fully. To increase the chances of success and attract investors, experienced product managers can use methods like the Riskiest Assumption Test (RAT) and Minimum Viable Product (MVP)