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There is no formula for an effective product strategy. Such a strategy requires immersing in the insights, the data, the customers, the technology, and the industry trends and learnings; assimilating as much of the relevant information as possible; and then thinking through the various options. This is often referred to as product sense, but it's really the result of spending all this time immersed in the details.
Principle: Minimize Waste The first principle in product discovery is to try to solve the problem with a minimum amount of wasted time and effort. This is why product discovery is the key to accelerated time to money.
A good strategy draws power from focusing minds, energy, and action. That focus, channeled at the right moment onto a pivotal objective, can produce a cascade of favorable outcomes. I call this source of power leverage.*
Good Strategy/Bad Strategy
Richard Rumelt
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