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How Product Organizations Can Balance Big Bets Versus Short-Term Wins

ProductPlan

Big bets have big payoffs, but there’s a reason it’s called gambling In the venture capital world, the prevailing strategy is to invest in multiple companies knowing that many will fail. But your company isn’t a VC, even if some back it. But when one of them hits it big, it makes up for the 75% that fail to deliver a return.

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How Product Organizations Can Balance Big Bets Versus Short-Term Wins

ProductPlan

Big bets have big payoffs, but there’s a reason it’s called gambling In the venture capital world, the prevailing strategy is to invest in multiple companies knowing that many will fail. But your company isn’t a VC, even if some back it. But when one of them hits it big, it makes up for the 75% that fail to deliver a return.

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Greenfield Project

ProductPlan

We can segment this concept further into two types of new products: A product that’s new for the company making it. Other grocery retailers have released similar apps to customers, but it will be the first time this company builds one. The first product of its kind anywhere. Related Terms.

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11 Types of Product Managers for SaaS Companies

Userpilot

A strategic product manager is responsible for developing long-term product vision and strategy. The role of the growth product manager focuses on identifying and maximizing product growth opportunities. The UX product manager’s role is to develop intuitive , user-centered product experiences.