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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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Minimum Viable Product vs Minimum Marketable Product: What’s The Difference?

Userpilot

Are you wondering about the difference between the Minimum Viable Product vs Minimum Marketable Product? Would you like to know what role each of them plays in the product management process and how to build them? A Minimum Viable Product (MVP) is a version of the product with minimal features, built to validate product ideas.

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How We’re Turning Feedback into Strategic Product Decisions

ProductPlan

Then the product manager researches to understand how they can build a solution that won’t only work for that one customer but entire segments of their customer base. The solution must also align with and help achieve the business’s goals, be it retaining more customers, increasing the speed of adoption, or tackling a new market.

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Product Management Process: The 7 Stages Explained

Userpilot

The product management life cycle consists of seven main stages: You start with Market Research to assess the external business environment and identify the needs of the users. During the Idea Management stage, continue with need discovery and start brainstorming solutions. What is the product management process?

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

ProductPlan

That means doing your homework regarding market intelligence, product-market fit, technical feasibility, and the like. A clear product vision Every business and product needs a vision to guide everything that follows, from strategy to staffing to roadmaps. So you want to make those chances count.

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Idea Backlog

ProductPlan

If you see a product feature or other type of item on an idea backlog, you can assume the following. The product team has not rejected the idea. The team has not researched the idea to determine whether to pursue it. They have not added the idea to the product roadmap. Where Do Idea Backlog Items Come from?

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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.