Easy concepts in Product Strategy, page 2
The 80/20 Rule: Find the Vital Few
The 80/20 rule states that most outcomes (80%) come from a few causes (20%). It's used to find high-impact work, like fixing the few bugs causing most crashes. The footgun is treating 80/20 as a precise law instead of a general heuristic.
Scope Creep: When 'Just One More Thing' Derails a Project
Scope creep is the uncontrolled growth of a project's requirements after it starts. It shows up as 'small tweaks' that balloon into major features, delaying schedules and increasing costs. The footgun is trying to prevent it entirely instead of managing it.
Ideal Customer Profile (ICP): Stop Selling to Everyone
An Ideal Customer Profile (ICP) is a data-driven portrait of the perfect customer for your business. It helps focus marketing and sales on high-value leads, reducing acquisition costs.
Launch Readiness Checklist: Your Launch's Single Source of Truth
A launch checklist is a flight plan, not just a to-do list, coordinating every team from engineering to sales. It ensures marketing, sales, and support are aligned for a release.
BCG Growth-Share Matrix: A Map for Your Product Portfolio
The BCG Matrix plots products on a 2x2 grid of market growth vs. market share to decide where to invest. It's used to categorize products as Stars, Cash Cows, Question Marks, or Dogs. The footgun is treating it as a static, predictive tool.
Product Sunsetting: Retiring Products Gracefully
Product sunsetting is the managed process of retiring a product to free up resources. It's used when a product is no longer profitable or strategically relevant. The biggest footgun is a sudden shutdown without a clear migration path, which alienates users.
Platform Business Model: Connecting, Not Owning
A platform business connects groups (like buyers and sellers) instead of making its own products. It's a marketplace, not a store. This model powers ride-sharing apps and app stores.
Two-Sided Markets: Playing Matchmaker for Value
A two-sided market plays matchmaker, connecting two distinct groups like buyers and sellers. It creates value by enabling their interaction, growing stronger as more users from each side join.
DevRel: Building For and With Developers
DevRel is the bridge between a company and the developers using its tools, treating them as partners, not just customers. You see it in API docs, tutorials, and community forums. The footgun is treating it as just marketing, not a feedback loop to improve the.
Stakeholder Communication Plan: Who Gets Told What, and When
A stakeholder communication plan is a roadmap for who needs to know what, when, and how. It's used to keep executives, dependent teams, and users aligned on project progress. The biggest footgun is a one-size-fits-all approach; tailor updates to each group.
We are hiring for this. Every open role lists the topics its interview covers, so you can prepare for the real thing rather than guessing.
See open roles