article thumbnail

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.

article thumbnail

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.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Idea Backlog

ProductPlan

If an idea for a product seems viable, why would the team place it in an idea backlog rather than start working on it right away? The idea doesn’t fit the company’s current strategy. The software compiles call data and generates reports to help these departments manage their call queues more efficiently.

article thumbnail

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.

article thumbnail

Innovation Management

ProductPlan

Strategy : Innovation needs a clear vision and focused strategy to solve problems and create more value for the business. Aligning your strategy with innovation is the key to prioritizing ideas and allocating resources appropriately. Structure: The structure is the processes and mechanisms to turn an idea into reality.

article thumbnail

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.

article thumbnail

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. 2: Idea management. #3: 4: Roadmapping. #5: