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The biggest difference between product management and portfolio management is product management focuses specifically on the success of each product whereas portfolio management focuses on the success of the company (the portfolio) in chosen market segments. Traditional Product Management Here’s the other problem.
Digital transformation is “the use of technology to radically improve performance or reach of enterprises”, according to an MIT and Capgemini whitepaper. Analytics – understanding market and customer behaviour and using that knowledge to make good business decisions. What is Digital Transformation? Discovery of problems.
A rolling 24-month portfolio strategy is a good rule of thumb where the first 12 months is firm (assuming no drastic shifts in the market) and the next 12 months is more fluid since it based on the current market conditions which we know are likely to evolve in the coming year. Here’s an example.
product marketing positions the value of those features for every product. Without a clear market strategy and portfolio roadmap, there’s no single answer, which really means there are 100 or 1000 different answers. Since the theme here is ripple effect, let’s look at the ripple effect of feature-based roadmaps.
Determine the market dynamics that are most influencing those buyers and communicate how your tactical products help them meet the market-imposed strategic challenges. Crank up the marketing machine – not with useless marketing fluff but with content that helps your buyers do something better.
When awash with data and metrics, it’s easy for a product marketer to overlook precision in using the language of messaging. It originally appeared on Sharebird — the place to see how people at top companies do product marketing. ” Address one market segment at a time when developing the message. See below.).
When awash with data and metrics, it’s easy for a product marketer to overlook precision in using the language of messaging. It originally appeared on Sharebird — the place to see how people at top companies do product marketing. ” Address one market segment at a time when developing the message. See below.).
They needed to achieve the right unit economics and develop codified sales and marketing processes that would free Steve Robert, CEO and co-founder, to enable the growth of the business. Their reliance on established sales and marketing playbooks worried Steve. When marketing’s key metrics go up, you pat yourself on the back.
Before the demands of others overwhelm you, you need to prepare yourself to be the business and market liaison to the product team. You can probably find some customer documentation and help screens, release notes, product plans, sales and conference presentations, whitepapers and ebooks, and sales enablement tools.
A product manager in a heavily regulated market needs more than five months to confirm that regulatory requirements are met, whereas a cloud-based platform might push out an update in less than a month. Launch teams must differentiate the new offering from what’s already available and tailor messaging for each vertical market.
No, our core hypothesis was simple: We believed people would want our product because it would be the fastest and easiest video call software on the market. And they know what they’re up against—and how to radically differentiate from the competition. So we set an audacious goal. It was Monday morning. A prototype.
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