Framework and Strategy Product Management

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.

Four elements of a product strategy framework. We’ve found that a strategy requires four different elements: user insights, clear objectives, competitive analysis, and market analysis. Every time you start down the path of creating a product strategy, you need to include those four elements.

The OGSM framework is designed to connect big picture strategic elements (mission, vision, values) to operational elements (goals, strategies, initiatives, measures). The result is a comprehensive, robust and executable strategic plan. Objective – direction setting statement. Answers the question: Where are we going?

Framework and Strategy Product Management diagram