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What all aspects do you think about while formulating the product requirements/features?
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Liam Richardson
When formulating product requirements and features, I consider customer needs and market demands, budget and resources, technological feasibility, alignment with the company's strategic objectives, legal and regulatory compliance, potential for scalability and innovation, UX/UI considerations, and competitive analysis to ensure the product is not just viable, but also distinctive and valuable.
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@liam_richie21 Great insights, good to know your approach! What's your approach towards differentiation?
- User Stories
- Time to Value (min. of actions / screens to reach value)
- Ease of Navigation
Three main things:
-User needs - what problem is this solving for them?
-Market demand - is there a genuine need or desire for this?
-Technical feasibility - can we actually build this within budget and timeline?
@johnnyfoster99 How about a similar product is existing, but the market is still there, how would you differentiate?