Businesses are trying to save money while still serving customers first and foremost, but they can tend to forget the easiest means of eliciting customer feedback—simply asking the customer. The Agile Scrum methodology focuses on a greater degree of interaction with customers and the capacity to easily change courses based on consumer feedback.
1. Faster, Smaller Failures
We understand that every project starts with good intentions, but the truth is an idea isn’t always successful. Maybe the problem isn’t even about the project, but a concept or feature you’re trying to implement and it just isn’t giving the kind of value you thought it would.
“Fail forward fast” suggests that your failures happen right away and you can determine the issue and keep moving. There aren’t huge up-front analysis efforts when businesses want to use and learn scrum. You learn while you work and change what’s needed. Businesses don’t have to spend $20 million these days just to wait 18 months for a new app to go to market. An Agile method means producing the app incrementally so businesses can experience returns as fast as possible. The app begins producing a return on investment (ROI) almost immediately and with a tiny investment.
2. Quicker Time to Market
Agile Scrum approaches feature the minimal marketable product (MMP) and the minimum viable product (MVP). These are a couple of lean concepts that afford a small, safe investment for quickly deliverable products.
An MVP would test an idea and offer a way to learn from feedback. You basically submit a very early version of a product to observe how your market responds. It’s typically missing—or involves ‘placebo’—functionality, but the idea is to figure out if a concept is worth proceeding with. It’s a means to an end of testing your theories.
3. Stakeholder Satisfaction
Stakeholders are consumers, users or anyone who is invested in your product. Stakeholders are heavily involved with the process in Agile frameworks and their opinion is constantly requested. To be sure that we’re providing value at each step along the way, we solicit the stakeholders for their thoughts and ideas during iterations.
4. Increased Employee Satisfaction
Employees are highly engaged in the decision-making process throughout the Agile developmental progression. They have a vested interest and get the chance to work with stakeholders directly who can acknowledge crucial questions. The importance is put on communication instead of exhaustive documentation.
5. Organizational Transparency
Agile Scrum is a holistic method that affords organizational camaraderie and transparency. People stay truthful and strive towards a shared goal to accomplish what they’ve set out to do. The political aspect is diminished. The environment of open offices that are promoted help flatten the organizational hierarchy and generate a profound feeling of community.