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How to Run Product Discovery: Process, Frameworks, and Best Practices

Altexsoft

But, competition didn’t kill the smartphone, Amazon did, reporting a $170 million loss associated with Fire Phone, ceasing its production year later. Long story short, the Fire Phone became a prominent example of a product without a market. In practice, these can be a value understanding, or user personas, or a KPI.

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Product Life Cycle: How to Extend Your Product Market Presence

Altexsoft

In this article, we’ll define the basic features of each lifecycle stage relying on common product lifecycle representation first introduced by Raymond Vernon in 1966, a US economist, and give you some tips to prolong the product success. Product life cycle. Product development lifecycle version by PMBoK.

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Product Managers vs. Project Managers: Difference, Responsibilities, and KPIs

Altexsoft

To make their planning more organized, a project manager creates process documentation – a set of standards, reports, metrics, schedules the team should adhere to during development. Deliverable: iteration review. Deliverables: test plan, test reports. A vision is the goal for product creation. Allocate roles.