Learn how to management better understand the difference between business decisions and product decisions, and how management can make business decisions that creates a good environment for product decisions.
Business decisions and product decisions are two very different types of decisions that management needs to be aware of. Business decisions are leading indicators for the future health of the company and are heavily focused on the financial bottom line. Product decisions, on the other hand, are lacking leading indicators and often have more to do with the actual product or service being offered.
The outcomes of product decisions can be difficult to predict and may not always be immediately apparent. As management makes business decisions, they need to create an environment that is conducive to good product decisions. This means being clear about what the company’s goals are and what success looks like. It also means providing the resources and support that team members need to be successful. Finally, it means being open to new ideas and willing to take risks.
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