As a product manager, one of the most critical tasks is to identify and resolve negative issues that could impact the success of your product. While this may seem daunting, it is good, as unearthing negative matters can lead to a better product and, ultimately, a more successful business. Firstly, identifying negative issues helps you…
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In 2008, the world experienced a severe financial crisis. The crisis began in the United States, where a housing market bubble burst, causing home prices to plummet and many homeowners to default on their mortgages. This led to a crisis in the banking and financial sector, as many banks held toxic mortgages on their books.…
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Product managers are frequently the ones that are tasked with driving innovation within their organizations. This should not come as a surprise, given that product managers, particularly excellent product managers, have a profound awareness of the user personas for their products and any market gaps. This information can occasionally lead to entirely ground-breaking ideas. However,…
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At this point, you might wonder, “Why is my company so behind the times?” It’s possible that you’re thinking to yourself: Why can we not match the level of innovation displayed by everyone else in our field? Why is it that we can’t get ahead of our rivals? Why is it that we can’t imagine…
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What are people like? I have a feeling that we all, on some level, already know the answer to that question. Despite this, we continue to believe that humans can alter their nature. We believe that because we appear to be intelligent and capable of change — we have these large brains that allow us…
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Even though we talk about improving profitability and our customers benefit from the profitable new ideas we help them generate or generate for them, there are still a lot of creative ideas that, when they are first conceived, have nothing to do with profitability. This is even though we talk about improving profitability. There is…
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“I’m afraid the patient doesn’t have much longer to live,” the doctor said. There is a treatment, but it has some serious adverse effects. The patient responded, “I’ll take it!” What adverse reactions can I expect?” The doctor sighed and said, “Well, primarily cultural change.” Those hierarchies and communication channels that were just so perfectly…
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If you want to be innovative, you have to learn to overcome your fears. Did you know that most people consider the fear of public speaking even more severe than the fear of death? Indeed, some people would instead do almost anything else than stand in front of a group and talk. Some businesses are…
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Your innovation laboratories’ existential question: which concept has the potential to be worth a billion dollars? After implementing an innovation program, the most significant challenge that I’ve seen businesses face, in my experience, is not an inadequate supply of new ideas. Instead, in most cases, the reverse is true. After possibly years of not providing…
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