The process you describe sounds theoretically correct, although practically I skip most of these steps as a solo founder.
The goal in an early-stage product should be to get as many useful insights as possible. What the market wants, whether you can reach your customer, if you can technically build what you envision, etc.
This means that if you do your job right, you'll keep getting more information that will guide you forward. That means that whatever you plan quickly becomes outdated. You don't want to execute on old ideas that didn't take into account the new insights.
For that reason I find planning more than a few weeks in advance not that useful.
Additional, as a developer, I prefer to build an MVP as quickly as possible to see what resonates with the market. Rather than doing a ton of research which is time consuming and something I simply don't enjoy as much.
I expect that for companies with (larger) teams the steps you outline become a lot more important though. So I think it all comes down to who your target market is.
The process you describe sounds theoretically correct, although practically I skip most of these steps as a solo founder.
The goal in an early-stage product should be to get as many useful insights as possible. What the market wants, whether you can reach your customer, if you can technically build what you envision, etc.
This means that if you do your job right, you'll keep getting more information that will guide you forward. That means that whatever you plan quickly becomes outdated. You don't want to execute on old ideas that didn't take into account the new insights.
For that reason I find planning more than a few weeks in advance not that useful.
Additional, as a developer, I prefer to build an MVP as quickly as possible to see what resonates with the market. Rather than doing a ton of research which is time consuming and something I simply don't enjoy as much.
I expect that for companies with (larger) teams the steps you outline become a lot more important though. So I think it all comes down to who your target market is.