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Whereas many organizations have deep and meaningful expertise doing large-scale marketresearch, their findings are hitting critical limitations. As someone who did marketresearch for a decade, the last half while at Toyota, I saw this first-hand. Make small bets, via experimentation.
If handed an extra $250,000 of budget, half of product leaders said they would spend it on user research and experimentation. Team training came in a distant second at 21%. Marketresearch, while still important, came in a distant third and the age-old practice of copying competitors fourth.
Whereas many organizations have deep and meaningful expertise doing large-scale marketresearch, their findings are hitting critical limitations. As someone who did marketresearch for a decade, the last half while at Toyota, I saw this first-hand. Make small bets, via experimentation.
Whereas many organizations have deep and meaningful expertise doing large-scale marketresearch, their findings are hitting critical limitations. As someone who did marketresearch for a decade, the last half while at Toyota, I saw this first-hand. Make small bets, via experimentation.
By networking, you’ll get: Crowdsourced Solutions: Instead of spending hours researching, a well-placed question within your network can offer immediate answers. It includes tech enthusiasts, marketresearchers, and even end-users. Diverse Expertise: A network is not just product managers.
Mastering MarketResearch Techniques for Successful Product Management Watch on YouTube TBD TLDR Marketresearch is essential for product managers to make informed business decisions and to create products customers love. Successful companies leverage marketresearch to drive innovation and revenue growth.
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