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How software companies can avoid the trap of product-led growth

User Xavier Bs
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Final answer:

To avoid the trap of product-led growth, software companies should diversify their product offerings, focus on a customer-centric approach, and continuously adapt and innovate.

Step-by-step explanation:

To avoid the trap of product-led growth, software companies should:

  1. Diversify their product offerings: Instead of solely focusing on one or a few products, companies can expand their portfolio to cater to different customer needs and market segments.
  2. Focus on customer-centric approach: Companies should prioritize creating products that solve customer problems and meet their needs, rather than solely focusing on product features or innovations.
  3. Continuously adapt and innovate: In a rapidly evolving market, software companies need to stay agile and adapt their products to changing customer demands and technological advancements.

User RoyalTS
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