The Power of Narrow Focus in Business Strategy

Product strategy

Product Strategy to Target customer segments with narrow product lines compared to Broad product lines. As kids, we have all conducted this experiment of burning a paper with the magnifying lens with the help of Sun rays focusing on a specific area on the Paper. The narrower the focus, the faster the paper burns. Similarly, to enter … Read more

Why Should Product Managers learn the concept of Behavioral Economics?

Behavioural Economics for Product Managers

Software product management is a triad and has three fundamental pillars: Business strategy Technology Design Then, what is Behavioral Economics? Behavioural Economics is the subject of understanding the psychology behind human decision-making. Economists believe that Humans make decisions rationally from the logical mind. However, the truth is Humans make decisions emotionally or instinctively.Gad Saad, Marketing … Read more

Which Aspects of Product Management Can Help you Progress in your Career?

Uplift Product Strategy Skills

Uplift Product Strategy skills to move up in a Product Management career.There are two aspects of product management: Strategic aspects – The product manager understands the targeted customer and identifies the problems to be solved for a specific customer segment. The product manager does market research, analyzes customer behaviour, and analyses competitors trying to solve … Read more

Should Product Managers have a Problem-Thinking Approach?

Problem Thinking Approach for Product Managers

Problem Thinking Approach for Product ManagersLet’s understand through a short case study. Here is a problem at the local Kirana store.Kirana Wala is digitally transformed and has started accepting digital payment via UPI, Paytm, Phone pe and Google Pay. But the real problem is some customers created fake screenshots and manipulated the payment receipts using the … Read more

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