Martin Eriksson writes that in order for a company to thrive, it must be user-oriented, it must never allow itself to be led by its users. While it is true that companies must know the users and focus on their needs and requirements, its activity must never be driven by users. A strong user centered vision can truly make the difference between a thriving company and one that will fail within the next few years.
Steve Johnson writes that the one-hour meetings are slowly changing. While some meetings are too long and they bore those who attend them, others are too brief and the leader does not have enough time to emphasize on the problems that truly matter. That being said, it is extremely important to organize and prioritize the information prior to the meeting.
Data analysis is crucial both for product owners and managers. In a nutshell, both the owners and managers must have a very clearly defined research goal and to be product-oriented. On the other hand, it is extremely important for them to know the difference between collecting and thoroughly analyzing the data, as well as to avoid cognitive biases that may occur.
Jim Brown writes that coming up with an innovative idea is essential if you want your business to work. All you need to do is to jot down the ideas immediately as they occur to you, to filter them based on the available resource capacity, to prioritize the investments and to come up with a personalized plan of action. At the same time, risk management is an aspect of utmost importance that must always be considered before implementing any innovation.
#5- Determining The Pricing Of A Product
Here’s one I wrote about determining the pricing of a product can be a challenging and time-consuming task. It is important to consider factors like manufacturing and marketing the product, distributing it, offering customer support services and such. At the same time, it is important to make sure that the final price of the product not only covers all the costs mentioned above, but can also generate a profit for the company.