A product exists for a reason. That reason is typically to solve a problem(s) but in the context of a business, a product often exists to help achieve busines goal(s). Key questions to consider: – What problems do you want the product to solve? – Who has those problems? – How many problems can you …
Phrases with the word value, like “this create value,” and “this is valuable,” are commonly used, but what does creating value actually mean? I’ll put forward that value is created when a problem is solved. I suggest using this definition whenever you see the word value being discussed and see if it doesn’t hold. It …
My thoughts below are from a tweet I shared in response to Shane Parrish making a tweet (he deleted it) about best practices. At the bottom right of this post is a product leadership coach tweet containing an article describing some of the risks of assuming a best practice without context-driven modifications will work for …
Concepts discussed: Dr. Yeomans is a psychiatrist that in the video below provides a perspective of why people join or follow narcissistic cultures and individuals. The video also speaks to the challenges one faces when leaving such structures. A lot of the video revolves around belief systems which makes sense if you’ve ever observed how …
Why it may be wise to be skeptical of people who claim to have all the answers Read More »
Someone responded to my tweet and said that “customers don’t know what they want” to which both Allen and I responded:
All this said, I think running a business or service requires a continuous analysis of both the execution and strategy which are components some people and companies overlook and perhaps why most businesses fail. Data from the BLS shows that approximately 20% of new businesses fail during the first two years of being open, 45% …