How can the 5-step Product Strategies slide help in measuring viability and defining tactics?

The Product Strategy Framework can enhance a company's competitive edge in the market by helping it identify its unique strengths and opportunities in the competitive landscape. It allows the company to define key success metrics such as customer retention, product reach, go-to-market viability, and brand power. By mapping the product vision with user personas, journeys, and stories, the company can better understand its customers and tailor its products to meet their needs. This can lead to improved customer satisfaction, increased market share, and ultimately, a stronger competitive position.

The Product Strategy Canvas aids in mapping product vision by providing a structured approach to define and understand various aspects of a product. It helps in identifying user personas, understanding their journeys, and creating user stories. This process helps in detailing the product's implementation constraints, designing wireframes, and understanding the product's potential. It also assists in defining key success metrics like customer retention, product reach, go-to-market viability, and brand power. This comprehensive understanding aids in crafting a clear and effective product vision.