Develop a deep understanding of the market from "summary" of Product Management in Practice by Matt LeMay
To be successful as a product manager, it is essential to have a thorough understanding of the market in which your product operates. This goes beyond simply knowing who your competitors are or what features they offer. Developing a deep understanding of the market involves gaining insight into the needs and pain points of your target customers, as well as understanding the broader trends and dynamics that are shaping the industry. One way to develop this understanding is by conducting market research. This can involve a range of activities, from analyzing industry reports and conducting surveys to interviewing customers and observing their behavior. By gathering data and insights from multiple sources, you can build a comprehensive picture of the market landscape and identify opportuni...
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