Tag: Feedback Loops
-
Scratch Your Own Itch
“Scratch your own itch” embodies the idea that personal frustrations can inspire solutions with wider appeal. It suggests that solving one’s own problems can lead to innovations that others value, emphasizing the role of personal insight in identifying and addressing unmet needs.
-
Goodhart’s Law
Coined by Charles Goodhart, the principle “When a measure becomes a target, it ceases to be a good measure” highlights the unintended repercussions of emphasizing a singular metric. Originating from monetary policy observations, the principle reveals how entities adjust their behaviors in response to metrics becoming primary objectives across diverse sectors.
-
MVP – Minimum Viable Product
Originating from the Lean Startup methodology, the Minimum Viable Product (MVP) is a product version with only essential features, developed to validate a specific business hypothesis quickly. This approach prioritizes user feedback, enabling prompt refinements to ensure the product meets market demands while optimizing resource use.
-
Gall’s Law
Gall’s Law posits that effective complex systems evolve from simpler, functional predecessors. Widely applied in fields like engineering and organizational design, the principle advocates for an iterative development process that starts with basic, operational systems.