P.E.S.T.L.E.

Another framework for analyzing markets and industries: Political, Economic, Social, Technological, Legal and Environmental.

S.W.O.T

Yet another analysis framework for a company relative to its competitors, market, and industry: Strengths, Weaknesses, Opportunities, Threats.

Refining the Product

Best Books: Inspired, Marty Cagen; Developing Products in Half the Time (Chapter 5) – Reinertsen and Smith. Best Articles: Defining Next-Generation Products Product Spec –  Function – A description of what the product must do, or how the product must perform,...

Prototyping

Prototyping Concept – A potential product or solution; a more fully-formed idea for a product. Prototype – An initial or early construction of the product concept, typically less formed than a “final” product; a mock-up, rough draft, meant to be iterated...

Marketing

Two different ways of defining marketing; 1. “Meeting customers needs profitably” describes the art/science of identifying customer needs and delivering value to them profitably; 2. All activities done in order to promote and attract consumers to a product...