FOR (target customer)
WHO (statement of need or opportunity)
THE (product name) IS A (product category)
THAT (key benefit, reason to buy)
UNLIKE (primary competitive alternative)
OUR PRODUCT (statement of primary differentiation)
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The idea is part of this collection:
Learn more about strategy with this collection
Identifying the skills needed for the future
Developing a growth mindset
Creating a culture of continuous learning
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Similar ideas to Product Vision Template
An opportunity cost is the potential ‘alternative’ or benefit that is forfeited when one chooses a particular option.
The other, foregone option, if it is lower than other companies, is the key factor in this trade-off.
We all have unique abilities and skills that are unlike others. Instead of ignoring our strengths and pursuing stuff which may not be right for us but is what others are doing, we do injustice to our key skill or gift.
We need to find a purpose that aligns with our skills....
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