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5 Strategies for Success in Product Management

Tom Spencer

In the competitive, fast-paced, and ever-evolving landscape of technology and business, the role of a product manager is pivotal. A great product manager is not just a project coordinator, they are visionaries, strategists, and leaders. As such, effective communication is the backbone of successful product management.

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Navigating a Downturn: Strategies for Business Resilience

Tom Spencer

Diversify Revenue Streams One fundamental strategy for business resilience is to diversify revenue streams. Although it is fairly common for a successful business to generate 80% of its profits from 20% of its products, relying heavily on a small number of products, services, or markets exposes a business to significant risk.

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How to Craft a Durable Strategy for the Long Run

Tom Spencer

Hundreds of articles have been written on strategy, each with an author that presents a unique perspective from years of paradigm-shaking experience. Some even “reinvent the wheel” by rejecting past concepts altogether and introducing an entirely new way of thinking about strategy. On the other hand, human capital can be inimitable.

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Software Design: Strategies for Sustained Excellence

Tom Spencer

It is about creating not just a product, but an experience that resonates with and delights users at every interaction. Embracing the Latest Trends Due to the fluid nature of the tech industry, software designers need to remain at the forefront of the latest design trends and emerging technologies.

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The Price is Right: Decoding the Art of Product Pricing

Tom Spencer

One of the most common problems business leaders face is how to price a product. From entrepreneurs putting a new product on the market to executives at a public company revamping a product line, effective pricing is a key pillar of any successful sales and marketing strategy. Pricing strategy is not one-size-fits-all.

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Managing Meetings: How to Drive Productivity and Success

Tom Spencer

Meetings can either be a powerful catalyst for collaboration and decision-making or a drain on time and productivity. Whether you are in consulting, strategy, operations, or product management, the ability to manage meetings effectively is a crucial skill that can significantly impact the success of your endeavors.

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Strategy of War – Business Lessons from the Battlefield

Tom Spencer

Military strategy has long been a source of wisdom for the field of business, inspiring countless comparisons. This article will consider three examples from military history that can examined to better understand competitive strategy in the business arena. Similarly, businesses can employ speed to gain a first-mover advantage.