Question

One of the most important questions to ask when implementing a particular strategy is "What activities must be done particularly well for this strategy to succeed?" "Which elements of this strategy enhance flexibility?" "Will the strategy improve firm responsiveness?" "What will this strategy cost?" "Which elements of this strategy affect the quality of the product?"

Answer 1

Every great product strategy is comprised of three parts: Vision, Goals, and Initiatives: Vision describes the market landscape, who the customers are, what they need, and how you plan to deliver a unique offering.