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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

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 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. That means doing your homework regarding market intelligence, product-market fit, technical feasibility, and the like.

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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 the product management process?

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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.