#business

The CEO is the highest-ranking executive in a company and is responsible for its overall strategy and direction.

While the CEO is the 'ideas person,' the COO turns those ideas into reality.

The desired outcome of the decision, the resources available to achieve the desired outcome, the risks associated with the decision, and more.

In its simplest form, product strategy is a business plan for the product—the planning to achieve the product's vision.

It considers the company's overall business strategy and objectives, market trends, and customers' needs.

Cross-functional teams are various organizational departments—such as product, engineering, design, and marketing—working together to achieve a common goal.

Poor Job Definitions; Under-skilled Product Managers; Poor Processes; Unclear Objectives; Weak Product Leadership.

If a company takes ten days to deliver a feature to its customer on average, its cycle time is ten days.

Business agility is how fast you can deliver the right product to your customers and quickly respond to market changes and customers' demands.

Product management is the intersection between business, user experience, and technology.

The PM discovers what customers need, studies the market and tendencies, prioritize what to build next, and rallies the team around a product roadmap.

The sequence is good when you present your idea to busy people. You give the answer and conclusion, and arguments first. Then, if they want to discuss the views, they can go into the detailed supporting arguments.

It's essential to define mission, vision, and values because they are the core of your business and determine your organization's identity.

"Citizen-saboteurs" learned those instructions to sabotage organizations or governments institutions.

Network effects occur when a network's value increases for users as more people begin using it.

A venture backable business is a company whose business model has the potential to generate significant outsized returns.

It provides the lasting retention of information and skills.

Sunk cost is a cost that has already occurred and cannot be recovered. In other words, a sunk cost is a sum paid in the past that is no longer relevant to decisions about the future.

Product/market fit (PMF) means being in a good market with a product that can satisfy that market.

It's type of financing that invertors provides to startup companies and small business with a potential long-term growth.