Product Strategy
Find your north star
Product strategy is the intersection between customer demand and business objective.
Product strategy defines what your product should achieve. It informs the path to increase adoption, deeper interaction, and ultimately win in the marketplace. Tactically, your strategy is manifested through the product road map. Your roadmap should outline the end-to-end vision of your product, how to achieve its respective strategy, not to mention the greater context in regard to what the product should become.
Goals of product strategy:
Product VisionProduct vision builds out the big picture of what your organization wants to achieve. Without vision, it will be difficult to articulate a North Star your team should follow.
Product Roadmap
Product strategy is achieved by the product road map. While the product strategy outlines the elements of the product and the company's target market, the product road map explains how it will be accomplished.
Product Initiatives
Product Initiatives are the high-level efforts that will help you achieve your goal. For example, performance improvements and expansion of markets. Initiatives provide the background of each feature and how it relates to larger goals.