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Why is Idea Management Important?

ProductPlan

But coming up with ideas is the easy part. For this reason, product teams need to develop a process for idea management. The two biggest challenges for idea management are efficiently and consistently recording and organizing ideas followed by actually making good use of them. Ideas are fleeting.

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How We’re Turning Feedback into Strategic Product Decisions

ProductPlan

There is no shortage of product ideas. Customer feedback, feature requests, and new ideas born from your interpretation of your product strategy—can all be the starting point for your company’s next great opportunity. For an idea management solution to work for product teams, it must separate the idea from the opportunity.

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How to Support the Entire Product Lifecycle: A Tour of ProductPlan’s Enterprise Plan

ProductPlan

ProductPlan customers have already taken the right step by investing in a purpose-built solution that helps them achieve a holistic view of their product strategy with dynamic roadmapping. Still, product teams can do more to compete and win in this competitive landscape—like standardization, idea management, and launch management.

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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 it also sets the stage for a parallel strategy that doesn’t sacrifice short-term wins. This portfolio approach is baked into everything VCs do.

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Idea Backlog

ProductPlan

Idea backlogs can include ideas for developing new products or improving existing products. A product manager might maintain multiple backlogs: one for each existing product and a separate backlog to keep all new-product ideas. Where Do Idea Backlog Items Come from? Developers. Sales representatives.

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Product Management Process: The 7 Stages Explained

Userpilot

Product managers monitor and control the product lifecycle while ensuring there is the right corporate environment for its development. Generally, the product manager is responsible for the product strategy while the project manager – for its implementation. What is product management?

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Innovation Management

ProductPlan

Companies implement innovation management to cultivate a culture of innovation. Good ideas flourish and are prioritized, developed, and executed. Strategy : Innovation needs a clear vision and focused strategy to solve problems and create more value for the business. Innovation management vs idea management.