The one question that all product managers have is how to prioritise a product’s roadmap and lead it to a successful destination. Firstly, we need to align the product features in their order of importance. There are two approaches that we can use:
So, how exactly do you build a step-by-step framework to prioritize a beneficial roadmap?
When you introduce a product in the market, the success of that product is directionally proportional to the strategies used while creating it. Defining a product pre-production makes it easier for the development team to approach the needs of the customer more accurately.
Let’s take a look at a typical product strategy mistake and how to avoid them:
Starting the Development of the Product at the Right Time
Have you ever thought of an idea for a product and then procrastinated to an extent that the idea never saw the light of day? Once you get an idea of the product that you are going to roll out, don’t take too long to ponder. Sometimes waiting for too long a product is never realized and new competitors can gain an upper hand and release a product better than yours.
How do you avoid this issue?
Create a rapid prototype and release a MVP. You can then keep upgrading it to higher versions with the feedback you receive.
Although, one must remember that starting the development of a product without a clear plan could lead to a strategic pitfall.