Product strategy
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Here are some insights and perspectives on product strategy from various experts:
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Annie Pearl emphasizes that a good product strategy involves an integrated set of choices that define how a business will win in its chosen marketplace. This includes identifying target markets, market segments, and target personas, as well as determining how to succeed with the intended audience 1.
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Gokul Rajaram notes the importance of formally articulating a product strategy. This helps shape and organize the product team effectively, rather than relying solely on organic team development based on existing skill sets 2.
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Shreyas Doshi highlights the need for clear expectations in product strategy, especially regarding decision-making authority. Establishing these expectations upfront can prevent conflicts later when scaling and expanding the business 3.
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Gibson Biddle discusses the importance of demystifying product strategy by clearly communicating what's important and what isn't. He also stresses the significance of hiring and recruiting as essential skills for future leadership roles 4.
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Geoff Charles admires Apple's product strategy for its craftsmanship, brand loyalty, and the compounding effects of its ecosystem. He highlights Apple's ability to innovate at scale while maintaining market leadership 5.
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Tony Fadell advises against letting competition drive product strategy. Instead, he suggests that competition should inform strategy, enabling companies to maintain their differentiation and learn from competitors' successes or failures 6.
These perspectives suggest that a well-defined product strategy should focus on clear choices, effective organization, and differentiation, while avoiding reactive measures solely based on competitive actions.
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