Category: Product Management

April 23, 2024

Managing your warehouse inventory effectively is key to running a successful small business. It’s like the heart of your supply chain, keeping everything running smoothly. In this article, we’ll share some top tips to help small businesses with warehouse inventory […]

April 4, 2024

Projects rarely have unlimited resources. To help you better manage the resources you do have on a project, let’s take a look at some resource management skills you should master and how to go about doing so. What Are Resource […]

March 21, 2024

Managing inventory is an essential part of business for distribution centers, manufacturing plants and retail outlets. Some challenges include cash flow management, storage, handling costs, and demand forecasting. Inventory shrinkage happens when products are lost between the manufacturer or supplier and […]

February 19, 2024

Introduction To discuss empowerment in product management, I find it helpful to distinguish three main levels of decision-making authority, product delivery, product discovery, and product strategy, as the model in Figure 1 shows. Level one represents the authority to decide […]

December 26, 2023

Creating new successful products requires accuracy, mastery, and attention to detail. The great part of all that relies on the team’s proficiency, but picking the right set of tools is also extremely important. A comfortable work environment means higher speed […]

December 19, 2023

Growth is the ultimate goal for any company. Whether it’s increasing revenue, expanding into new markets or gaining a larger customer base, growth is essential for long-term success. With an increase in “down rounds,” funding and a greater demand for […]

October 27, 2023

What are you selling? How are you selling it? Why would anybody want to buy from you? Where can they find your product or services? After all, even the greatest invention will not launch a successful business if people do […]

September 21, 2023

When you first launch a startup, you, along with your small initial team, are able to build something incredible from the ground up — and that’s because everyone is intimately connected to the company vision. As your company grows to […]

August 18, 2023

Product labels are a consistent feature across all industries. It is vital for reflecting the necessary information and details of a product as well as the manufacturer or distributor. And when one considers the large amount of label materials available, […]

August 18, 2023

To verify a product concept, market research is conducted before the new product is prototyped, built, and tested. A distinct skill set and a variety of resources are needed at each step of the product development process. Digital product development […]

July 31, 2023

We’ve collected these customer retention statistics for small businesses from a variety of sources. Enjoy the list and see if any catch your attention that might be especially relevent to your company. What is Customer Retention? Customer is strategic efforts […]

June 28, 2023

Curiosity and innovation are the two most prominent characteristics of inventors and change-makers. A craving to understand the mechanics of a problem — and to find the solution to that problem — drives curiosity to take action. But once you’ve […]

May 25, 2023

In the realm of commerce, one-word business names are more than mere identifiers. Your business name is the first impression customers will have, so it’s essential to make it memorable, impactful, and aligned with your brand values. In this article, […]

March 10, 2023

The Girl Scouts have been selling cookies for almost 100 years. As a former Girl Scout, I recall selling them, and now as an adult, a year doesn’t go by without buying several boxes. Girl Scout Cookies are more than […]

February 20, 2023

Public relations (PR) is essential to any successful strategic marketing plan, but is your business making the most of its PR efforts? An effective PR campaign not only delivers media coverage in your target publications. In addition, optimized PR feeds […]

November 22, 2022

What is Empathy and What is It Not? Empathy is our capacity to understand other people’s feelings and needs, to take the perspective of another person. Empathy entails a warm-hearted, open, and kind attitude. This does not mean, though, that […]

October 17, 2022

In 2018, 1.6 million U.S. consumers used Buy Now Pay Later (BNPL) financing to make a purchase. This year, that number is projected to hit nearly 60 million. Clearly, consumers value BNPL. According to an analysis conducted by Shopify, which […]

September 30, 2022

Large enterprises are increasingly looking for ways to transition from selling physical products to selling the functionality of these products as a service. For example, Rolls Royce, which is a leading maker of jet engines in addition to luxury cars, […]

September 9, 2022

Everyone’s been there: After a long day of work, running errands, and keeping up with life’s obligations, you’re exhausted. And famished. So you pull out your phone and open a food delivery app. You can now sit back and relax […]

June 8, 2022

We all have the best intentions in life, whether it’s reading more, regularly going to the gym or watching what we eat. But keeping to these goals isn’t always easy or straightforward. Fortunately, a growing number of apps are designed […]