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Product planning is the overall process of bringing a product from concept-to-market. This includes large processes such as market research, product strategy, product development, go-to-market, product marketing and product management. The following are basic examples of the end-to-end process in sequence.
Market research | Customer needs | Customer perceptions | Competitive analysis | Market trends | Product objectives | Target market | Product ideation | Product positioning | Product branding | Feasibility assessment | Concept development | Proof of concept | Business case | Prioritization and approvals | Product strategy | Product roadmap | Product development | Cross-functional collaboration | Feature prioritization | Product design | Prototypes | Minimum viable product | Quality testing | Market testing | Operations planning | Go-to-market strategy | Product training | Customer service strategy | Marketing strategy | Distribution strategy | Promotion strategy | Pricing strategy | Sales strategy | Launch strategy | Launch and marketing | Product marketing | Product management | Customer feedback | Customer advocacy | Continuous improvement and optimization |
A product typically originates from a large number of ideas. A few of these may become business cases. Business units will then evaluate business cases to prioritize products for development. This is how large organizations typically work with small firms potentially having more direct processes.Go-to-market strategy is a complete plan for operationalizing, launching and marketing a product to achieve initial market penetration.Once a product is launched it is marketed, managed and continually improved with a process of testing, measurement, customer feedback and customer advocacy.
Product Planning
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