It tells the team where the product is headed and what needs to be done to get there. Strategy definition is an important part of product planning. It aligns executives and other key stakeholders around your desired end state and how the product will achieve your business objectives.
What is a Strategy Framework Strategy frameworks are tools that help structure business thinking and guide businesses as they grow and accomplish their missions. They can also be used to analyze business issues and develop strategies. And strategy consultants often use them to communicate their solutions to their clients.
Ideally, good product prioritization frameworks allow you to silence the voice of the loudest person in the room using quantitative rankings, charts, and matrices with values that are directly tied to your customer feedback and product strategy. Here at Roadmunk, we understand this.Product Development Strategic Planning Framework diagram. This is one of the top business frameworks encompassing strategy, project management, IT, internal processes and client experience.