Reason Products Fail - Deepstash
Productivity Systems

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Productivity Systems

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Reason Products Fail

They are not able to meet customer demands better than alternatives

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Lean Product Process

Lean Manufacturing is a concept generated by japan manufacturing giants like Toyota with the purpose of reducing waste. This process is consist of 5 cyclical steps.

  1. Define Target Customer
  2. Identify pain points & undeserved needs.
  3. Create value pr...

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Problem Space vs Solution Space

There is a great example of Space pen. Core of the story is NASA wanted a pen worked on space because standard pens weren’t working because of zero gravity. Cost was 6m$ but at the same time Russians went to space with red pencils.

Product managers should stay at problem space.

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Product Market Fit

This is the most important concept in product development. Target customers and their needs define market and solutions you have developed defines product. If product does not match with the market, you fail.

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Product Market Fit Pyramid

Product Market Fit Pyramid

This pyramid identify the hierarchy for product development

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5. Evaluate

5. Evaluate

Have the part evaluate these new choices.

Are they acceptable?

Will they be as good as or better than the previous behavior?

It needs to be willing to try them out for the next month or longer if appropriate. The key here is negoti...

Focus On Your Inner Perspective And Approach Toward Life

Replace "have to" with "get to." They are two simple words that can change your mind-set, perspective, and approach to work and life. So often we complain and say things like, "I have to go to this meeting." "I have to meet with this client." "I have to take care of this customer...

FAIL FORWARD

FAIL FORWARD

When we fail, we often have a choice. We can either give up and let the failure define us, or we can learn from our mistakes and use them as an opportunity to grow. Failing forward is about choosing the latter. It's about embracing failure as a part of the learning process and us...

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