It was great to see and meet everyone at the international PDMA conference this week in Atlanta.
Thanks to all who participated in our ‘research project’ to document and visualize where attendee’s products and/or companies reside on the product lifecycle curve.
Overall, there was a broad and fairly even distribution of where attendees placed their products and/or companies. Even one admitted that his product is in the decline stage. Some product managers explained that while their company overall was in a mature stage, they were involved in new product initiatives in the Development or Growth stages.
Understanding the external environment and developing product strategy is, of course, different depending on the lifecycle stage. In the development stage it is crucial to understand ‘can we win?’ in order to determine whether or not to invest. In the growth and shakeout stages, product success is more about the product and features and understanding how to emphasize strengths and exploit competition’s weaknesses and make investments in product features that sustain the unique value. In maturity and declining stages, strategies often involve maximizing efficiencies and strengthening go-to-market capabilities, while monitoring for disruption and finding new ways to innovate.
We enjoyed the excellent presenters and panels, the innovation tour, the friendly people, and the entire venue and event.
Steve and Brett