article thumbnail

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

ProductPlan

Where charismatic leaders rally the troops around an ambitious vision with a massive potential payoff. How can you justify redirecting resources to tweaking the UX or integrating an API when they could spend time building the next big thing? The product vision defines where the business wants the product to be.

article thumbnail

Innovation Management

ProductPlan

The problem usually lies with the leadership team failing to create a culture that values innovation by providing the freedom and resources required to achieve it. Strategy : Innovation needs a clear vision and focused strategy to solve problems and create more value for the business. Innovation management vs idea management.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

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

ProductPlan

Where charismatic leaders rally the troops around an ambitious vision with a massive potential payoff. How can you justify redirecting resources to tweaking the UX or integrating an API when they could spend time building the next big thing? The product vision defines where the business wants the product to be.

article thumbnail

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. 2: Idea management. #3: 4: Roadmapping.

article thumbnail

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

Userpilot

It allows you to test and validate your ideas without committing precious time and resources. This is particularly relevant in the start-up area where resources are scarce. Idea management. Idea management. Roadmapping helps you outline the overall product vision and business strategy.

article thumbnail

71 Scrum Product Owner Interview Questions (2)

The Product Coalition

product ideas for scarce resources and accepting that the PO is the gatekeeper to the Product Backlog. In this case, reevaluating its benefit before pouring more resources into it is a necessity. Sooner or later, common sense will end this kind of misallocation of resources, as pet projects rarely provide a return on investment.

article thumbnail

11 Types of Product Managers for SaaS Companies

Userpilot

Data product managers focus on leveraging data for product development. Technical product managers build products with strong technical or engineering elements. A strategic product manager is responsible for developing long-term product vision and strategy. Developing and prioritizing ideas. Product vision.