Exploring the reasons that a product might fail in the market is a useful way to triage and assess what you need to do to prevent the failure of your product. Instead of taking the “do these things” approach as a prescriptive recipe for product managers, I’m approaching the exact […]
Business Analysis / Ishikawa Diagram / Product Management / Requirements / Requirements Models
Posted on:
Why Do Products Fail – Solving the Wrong Problems
There are many reasons that a product might fail in the market. One of those reasons is that your product solves the wrong problems. There are many ways to solve the wrong problems. This article continues the series on sources of product failure, exploring the idea that your product may […]
Product Management / Product Strategy
Posted on:
Product Manager – Strategic or Not?
Are product managers really involved in strategic discussions, or are we just order takers? Adrienne Tan has poked the beehive and started a great discussion with this article. Joining in from here, hopefully adding folks to the conversation. Check it out, and chime in here or on the brainmates blog.
Ishikawa Diagram / Product Management
Posted on:
Why Do Products Fail?
Why do products fail? Trying to organize all of the reasons that your product might fail is a Herculean effort. Understanding how your product did, will, or might fail will help you focus on what you need to do next.
Product Management / Product Strategy
Posted on:
Tally the Score – Comparing Products Part 8
After building an understanding of which problems are important to your each customer you want to serve, and rating each competitive product , you’re ready to tally the scores and see how your product compares with your competition. This tells you if you’re likely to crush it, and if not, […]
Kano Analysis / Product Management / Product Strategy
Posted on:
Rating Your Competition – Comparing Products Part 7
At this point in the product comparison series, you know who your customers are, which problems are important to them, and which products compete to solve those problems. It’s time to score the competing products and see how the solutions your product provides (or will provide) will stack up. This […]
Ishikawa Diagram / Product Management / Product Strategy
Posted on:
Know Your Competition – Comparing Products Part 6
You start with a point of view about what makes a minimum viable product. When your product launches, it is your customer’s point of view that matters. You must understand which problems your customers care about solving, and what solutions are available to your customers today. You need to understand […]
Marketing / Product Management / Product Strategy
Posted on:
Important Customers – Comparing Products Part 5
A good product is one that solves valuable market problems. To be successful in the market, a product needs to solve the problems that the right customers are willing to pay to solve. To know if those customers are willing to pay, you need to understand how they perceive your […]
Prioritization / Product Management / Requirements / Requirements gathering
Posted on:
Important Problems – Comparing Products Part 4
If you understand the important market problems, you can make a good product. If you understand how important each problem is, for each group of customers, you can make a great product. If you’re new to this series, go back and start at the first article, we’ll wait for you […]