Entrepreneurship means you’re driven by a desire to succeed on your own. The decisions that you don’t take are the ones that are going to be made for you. Read why here!
One of the roles of a Product Manager is to do market competitive analysis.
Apart from marketing and sales analysis, competitive analysis also benchmarks the companies studied by using financial data to compare and gather valuable information on how companies manage their resources.
The great entrepreneur and author of Lean Startup, Eric Reis said: “People are metrics too”. He is not even the first one to do so, Steve Blank in his “Customer Development” framework that came before the Lean Startup movement is based on “Get out of the building” motto in discovering who your customers and what their needs are.
Here’s a nice story from Steve Blank on how he almost got fired
A product goes through several lifecycle phases from launch to maturity and then maintenance. Learn here several ways of looking at a product lifecycle.
Have you ever thought about what makes a great business? Or what keeps a great business great?
Besides the product, there are other forces that come into play in keeping the business afloat. Even great and world renowned businesses that fail to ride the wave of the market will surely fail, by having to constantly keep watch over some of the market forces they can prevent that.