The document provides guidance on developing an effective product strategy. It discusses evaluating products from the perspective of an end user and product manager to understand strategy, goals, and areas for improvement. A clear product strategy defines the product's users, benefits, execution plan, and marketing approach and helps the business achieve its goals. When developing a strategy, one should consider the product's core benefits, actual qualities, and additional features and determine how to best improve the product based on user needs and feedback.
The document provides guidance on developing an effective product strategy. It discusses evaluating products from the perspective of an end user and product manager to understand strategy, goals, and areas for improvement. A clear product strategy defines the product's users, benefits, execution plan, and marketing approach and helps the business achieve its goals. When developing a strategy, one should consider the product's core benefits, actual qualities, and additional features and determine how to best improve the product based on user needs and feedback.
The document provides guidance on developing an effective product strategy. It discusses evaluating products from the perspective of an end user and product manager to understand strategy, goals, and areas for improvement. A clear product strategy defines the product's users, benefits, execution plan, and marketing approach and helps the business achieve its goals. When developing a strategy, one should consider the product's core benefits, actual qualities, and additional features and determine how to best improve the product based on user needs and feedback.
The document provides guidance on developing an effective product strategy. It discusses evaluating products from the perspective of an end user and product manager to understand strategy, goals, and areas for improvement. A clear product strategy defines the product's users, benefits, execution plan, and marketing approach and helps the business achieve its goals. When developing a strategy, one should consider the product's core benefits, actual qualities, and additional features and determine how to best improve the product based on user needs and feedback.
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Angel Rhea O.
Siao Product Management
BSBA MM 1-2
If you want to become a product manager, start by thinking like one. Make a habit of reflecting on the products you use frequently.
➢ Audit these products as if you were an end user, then again as if you were the product manager responsible for building that product. What might the product strategy be? What improvements would you prioritize?
What would the product strategy be?
The strategy directing your product's targeted users, advantages, execution, and marketing is known as the product strategy. The ultimate goal of the product should be stated in the product strategy; this will help you determine where to focus your efforts on the product. A clear vision and goals for your company's success should be included while developing the product strategy for the brand:
● Develop a new formulated formula. - Creating new formulas may increase the value of your product, ensure premium quality, and aid in its expansion. Additionally, make it more generally approved for all. ● Increasing the Conformance quality- One strategy to accomplish your business objectives is to increase conformance quality since it helps to ensure that your goods and services will satisfy your customers. Management may determine whether a product or service has a good level of conformity or not by establishing design standards/specifications. ● Knowing the difference of my product to other competitors. - Always be aware of how to stand out from the competition and what benefits your product has over rivals. ● Focus on the product that target the specific buyers. - To go forward, simply concentrate on the line and the people who are your target customers. ● Changing new designs and features.- Adapting the product's features and designs according to the season or occasion can also assist it draw in customers. Your product or service will be more valuable as a result of product design. Customers are frequently willing to shell out more for items with good design because of the good visual and the functionality of the product. Also, It may assist you in figuring out what additional message you want to conveyor express to the customers .
The product strategy helps the business grow and achieve what you want and your business goals. also, how to get to your destination. Belo tinted sunscreen is suitable for most skin types. This is my everyday sunscreen to protect my skin from the radiation and sun or to avoid damaging my skin. It is very convenient for people to use this since it is applicable to any skin type. Sunscreen is an essential skincare product that everyone should have and use on a daily basis. Our skin is harmed by exposure to the sun; thus, sunscreens are used to protect it. They prevent the skin from absorbing ultraviolet (UV) light. Sunburns and skin cancer are both caused by UV radiation, which also affects the skin. The product plan I developed may be extremely beneficial for the product to reach a large audience and aid in the expansion of the company. Also, it will serve as the product's foundation for success. In order to create a product strategy, you should also consider the Product Levels:
Three Product levels
1. Core Benefits- Contribute to skin protection by preventing sun and radiation damage. protecting against sunburn, skin cancer, and early aging. Preserve the texture of your skin as well as your ability to develop pimples, freckles, and other facial-damaging conditions.
2. Actual Product- The quality of the product itself and the brand name.
3. Augmented Product-In online store this is always has free shipping or free delivery. On the other hand, in the actual store this is always buy one take one and discounted.
What should I prioritize to improve?
The Bottle Although the container is appealing and convenient for travel, the sunscreen tends to spill unexpectedly when squeezed, which might cause stains on clothing. Since you have to cut the sunscreen container, it is challenging to consume it completely.
Font size Given that the sunscreen is small, however, the font size is unreadable if you do not bring the product up close to your eyes.
Prize The quality of the product is giving and I must say affordable for others because of the high quality and worth the penny but not student friendly since the original prize is Php 175 and the size is just 10 ml.
SPF Given that it is tinted and provides adequate coverage, the sunscreen's spf should be raised. Also, given the climate in our country, a higher spf in the sunscreen is undoubtedly necessary.
In terms of promoting the brand, it should:
Creating more advertisements in social medias
● Promoting through influencers (Making reviews) ● Creating infographics ● Establishing website for the Q and A with the customers.
As there are several rivals, the business should engage with customers, particularly on social media, where the majority of people have accounts. This will undoubtedly make your items famous and well-known among the intended market.
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