Learn more about business with this collection
How to align stakeholders
Best practices in product management leadership
How to create value together
If you are a business that makes or sells products, it is important to be able to tell the difference between the cake (the product's core features) and the frosting (the product's extra features). The cake is like the foundation of a building - it might not look very pretty, but it is what makes the product work.
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MORE IDEAS ON THIS
The fancier the frosting, ask more about the quality of the cake.
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A tap is a household item that delivers water. It can be a simple, old tap, or a more elaborate tap with special features. The important thing is that it delivers water to your hands.
There are all sorts of different taps, like bronze, gold-plated, copper, marble, and tap w...
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Building a product can be exciting and fun. Sometimes, people get excited about the frosting (or the features) instead of the cake (or the main goal of the product). This can be dangerous because the frosting might not be the most important thing.
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Some people focus too much on making frosting that looks good, instead of making a cake that tastes good. This is also true for investment pitches and sales pitches. People can be easily distracted by the beauty of a pitch deck or website, without realizing that the engineering might not be good....
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CURATED FROM
IDEAS CURATED BY
A great comparison is drawn between cake and frosting in Priya Narasimhan's explanation of product management.
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Pricing is one of the most important aspects of doing business. It is often the most difficult. Proper pricing is the difference between success and failure, between profit and loss. No matter what kind of company you’re trying to create, you will need to know how to price your product or service...
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