Product Strategy

Using Hypotheses to Make Better Decisions at Scale

We talk about assumptions and hypotheses a lot when we’re developing product strategy and making decisions on what to build. Whether you’re creating something new or rethinking an existing product, you have to make some bold choices about what include or omit, what to spend time building and what to postpone or neglect entirely. Ideally,…

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Using Exchange Theory to Guide Pricing Decisions

How do you decide whether something is valuable to you? What’s the right price for your product or service? How much is too much? Or too little? Unless you’re in a commodity market where you can use your competition’s prices as a guide (like domain names, airfare, or car tires), pricing a product is one…

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An Apple Event Without New Hardware?

You don’t have to go far to find someone talking about Apple’s latest announcements. There are a lot of opinions out there about what this announcement means and how Apple is attempting to transform itself into a media company. Those are knee-jerk reactions. It’s unlikely they’re trying to become a media business, but much more likely…

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From Idea to Revenue as Fast as Possible

You probably get ideas all the time, and a lot of ideas seem good at the time you have them. A few ideas turn out to be good, a few of those turn into products, and even fewer turn into viable businesses. The difference between the ones that make it and the ones that don’t…

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Spotify Wants all Your Ears

It’s no secret that Spotify is pushing hard to get as many monthly subscribers as possible. It’s all about the MRR. Last week they announced the acquisition of Gimlet (producers of severalgreatpodcasts you should try) and Anchor. All in, Spotify plans to spend an estimated $500MM on acquisitions over the next year or so. But why?  “We are…

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Ford Bets Big on Design Thinking

Why did Ford hire a furniture maker as CEO instead of someone with more automotive experience? The short story is because Jim Hackett understands the importance of designing products for the people who will use them. “the question hovering over the car industry is basically whether high-tech entrants such as Tesla and Google can learn…

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4 Steps to a Human-Centered Business Model

Understanding what people want and designing things that satisfy them is the most powerful way to achieve business goals. Whether you’re selling products or services, you might find that traditional marketing isn’t working as well as you’d hoped. No matter how good your product or service is, you might have trouble grabbing and keeping the…

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Empathy Maps: The Business of Putting Users First

Working in UX, we take empathy for granted. To us, it may feel like an overused buzzword, but we don’t realize that the majority of the business world hasn’t heard “empathy” within the context of a professional organization before. While we start the design phase thinking about customer needs and goals, this process hasn’t been…

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