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Product Identification  ›  Capstone Project

The Iterative Process

Iterative Process 15 minProduct ideas move round a repeating loop of discovery, selection, validation and execution, with cheap validation before any costly build and results feeding the next lap.

The Iterative Process

ReShelf's team now has a framed problem and a wall of ideas. The dangerous move is to pick the most exciting one and spend three months building it. The safer and faster move is to go round a loop many times, spending a little on each lap.

The rule

Discover, select, validate, execute — then loop back with what you learned.

  • Discovery: find problems worth solving and gather ideas for them, using research, data and the idea techniques from this section.
  • Selection: choose which ideas to pursue with explicit criteria rather than enthusiasm. A quick score is enough at this stage.
  • Validation: test the riskiest assumption as cheaply as possible before building. A clickable prototype, a "coming soon" button that counts taps, or doing the job by hand for a few users all work.
  • Execution: build and ship the smallest version that tests the idea for real, then measure. The results flow straight back into discovery.

Each lap reduces uncertainty. Early laps should be cheap and quick, because that is when you know least.

A quick selection score: rate impact, confidence and ease from 1 to 5, then multiply them.

Idea Impact Confidence Ease Score
Wanted list (buyers post requests) 4 3 4 48
Barcode scan to list 3 4 3 36
Library drop-off shelf 5 2 1 10

The score starts a conversation rather than ending one, but here it points clearly at the wanted list.

The shortcut

At any moment ask: "Which stage are we in, and what is the cheapest step to the next one?" The costliest mistakes come from skipping validation, jumping from "we chose it" straight to "we built it".

One lap with the wanted listStep 1 of 5
  1. Discovery

    Interviews show first-years often can't find a book that seniors own but never listed.

Drills

Answer fast — trust the rule.

quick drill

What is the correct order of the four stages?

quick drill

Meera matches wanted-book requests by hand for a week before any code is written. Which stage is this?

quick drill

Idea A scores impact 4, confidence 2, ease 5. Idea B scores impact 3, confidence 4, ease 4. Which wins on impact × confidence × ease?

quick drill

Which is the most common costly mistake in this loop?

Remember

  • Discover, select, validate, execute, then loop back with what you learned.
  • Ask which stage you are in and what the cheapest step to the next one is.
  • Trap: skipping validation and paying for a full build to learn what a one-week test could have shown.

Practice — level up

0/1 solved

Write your answer, then compare it with a rubric and a model answer.

ExplainPlan a lap of the loop

ReShelf is considering a 'book bundle' idea: seniors sell their whole semester's set in one listing at a discount. Walk this idea through discovery, selection, validation and execution, describing one concrete activity per stage, and explain why validation comes before execution.