What does Lean product development means?

Lean development of a product is a methodology that emphasizes continuous improvement, rapid experimentation, and customer feedback. It is based on the principles of the Lean Startup, which is a business methodology developed by Eric Ries. The main goal of lean product development is to create a product that meets the needs of the customer, while minimizing waste and maximizing efficiency. This is achieved by focusing on creating a minimum viable product (MVP), testing it with customers, and then iterating based on their feedback. This process is repeated until the product meets the customer's needs and is ready for launch. One of the key principles of lean product development is to validate assumptions about the product as early as possible and to make data-driven decisions. This approach helps to reduce the risk of building a product that does not meet customer needs, and it enables teams to quickly pivot and make changes when necessary.