key concepts all product managers must know(whatsapp fwd)

 These are key concepts all  product managers must know


*Strategy*


1. Vision

2. Mission

3. Goals

4. Objectives

5. Roadmap

6. Prioritization

7. Alignment

8. Innovation

9. Competitive advantage

10. Market positioning



*Product Development*


1. Agile

2. Lean

3. Scrum

4. Kanban

5. Waterfall

6. MVP (Minimum Viable Product)

7. Prototyping

8. Iteration

9. Testing

10. Launch



*Market and Customer Focus*


1. Customer insights

2. Market research

3. Target audience

4. User personas

5. Customer journey mapping

6. Pain points

7. Gain points

8. Market segmentation

9. Competitive analysis

10. Trend analysis



*Product Lifecycle*


1. Ideation

2. Development

3. Launch

4. Growth

5. Maturity

6. Decline

7. Renewal

8. Retirement

9. Sunsetting

10. End-of-life



*Metrics and Analysis*


1. OKRs (Objectives and Key Results)

2. KPIs (Key Performance Indicators)

3. ROI (Return on Investment)

4. Customer acquisition cost (CAC)

5. Customer lifetime value (CLV)

6. Retention rate

7. Churn rate

8. Net Promoter Score (NPS)

9. Customer satisfaction (CSAT)

10. A/B testing



*Trends and Technologies*


1. Artificial intelligence (AI)

2. Machine learning (ML)

3. Internet of Things (IoT)

4. Cloud computing

5. Blockchain

6. Augmented reality (AR)

7. Virtual reality (VR)

8. 5G

9. Cybersecurity

10. Sustainability



*Methodologies*


1. Design Thinking

2. Lean Startup

3. Agile Methodology

4. Scrum Framework

5. Kanban Method

6. Six Thinking Hats

7. SWOT analysis

8. McKinsey 7S framework

9. Blue Ocean strategy

10. Jobs-to-be-Done (JTBD)



Learning these basis concepts will help you stay up-to-date with the latest trends and best practices in product management 👍

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