Defining the platform MVP

Now that we have identified the capabilities, the next step is to carve out the platform MVP from those capabilities. And to slice out the MVP, we should prioritize the capabilities and identify the must-have capabilities to complete the end-to-end flow for all the entities.

Prioritizing capabilities

The prioritization of the functional capabilities will depend on the business strategy and the focus of the platform strategy. For example, adding capabilities to enhance the producer's experience versus the consumer's experience will depend on which side of the platform you want to grow. But the bare minimum capabilities required for the end-to-end functioning of the platform must be added on both sides. However, for technical capabilities, we should focus on building the platform's foundation first and then move on to make it scalable and extensible.

As a product manager, you must be aware of different prioritization techniques. We will...