Three Mindsets of Product Development
Author(s):
Nilesh D Kulkarni1* and Saurav Bansal2
The paper "Three Mindsets of Product Development" presents an analysis of three pivotal approaches in product development: Design Thinking, Lean, and Agile. It explores how Design Thinking focuses on understanding user needs for innovative solutions, Lean emphasizes value creation with minimal resources and continuous improvement, and Agile advocates for adaptability and prioritization in response to change. The narrative is enriched with a story about Erik, a restaurant customer, to illustrate the practical application of these mindsets in enhancing customer value, process efficiency, and problem prioritization.
