How to Advance From Product Vision to Product Strategy
Use this template to create your Product Strategy and your Product Roadmap.
Once the product vision is clear, is time to move on with creating your product strategy. Understanding the significance of an effective product strategy is key to turning your product vision into a reality.
Without a solid strategy, a product may lack focus, fail to meet market demands, or struggle to differentiate itself from competitors. And the good news is, the product strategy works as a roadmap for achieving the product vision!
The components of a good Product Strategy
This, what I like to call it, the Triforce of the Product Strategy composed by these 3 key elements:
Market and customer needs
Key product features
Business goals
Why is the Product Strategy so important?
Helps organizations focus their efforts, allocate resources effectively, and make informed decisions.
It establishes a common goal and ensures that all stakeholders are working towards the same objectives.
Provides a structure for ev…
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