The purpose of this guide is to summarize the basic steps in the formulation of a strategy for your product or product line.
This Product Strategy guide will help you answer three vital questions to a product strategy:
How has the product performed thus far? (Situational Analysis)
What is its envisioned market position? (Synthesis)
What can be done to achieve that vision? (Future)
A finalized strategy should then be tied back to the Product Management Lifecycle so as to execute the strategy through the customary product workstreams and processes.