"Clarify
What type of company are we? [We are a new company that is launching a smart closet]
Any constraints? [No constraints; you have infinite resources]
What’s the goal? [Enter the market/acquire users]
Closet for clothing only or for some commercial use? [Clothing only in homes]
How are we defining a 'smart' closet? Assuming we are incorporating technology? [Yes]
Which market? [You decide] --> Let's go with US market to start
Business Objective/Market Context
For the purpose of thi"
Helen - "Clarify
What type of company are we? [We are a new company that is launching a smart closet]
Any constraints? [No constraints; you have infinite resources]
What’s the goal? [Enter the market/acquire users]
Closet for clothing only or for some commercial use? [Clothing only in homes]
How are we defining a 'smart' closet? Assuming we are incorporating technology? [Yes]
Which market? [You decide] --> Let's go with US market to start
Business Objective/Market Context
For the purpose of thi"See full answer
"I can use personalised announcement, something like speaking out loud the time in a more sublte way, instead of blaring sound of an alarm.
We can put dynamic alarm tune, meaning one type of tune repeats itself only after a certain period of days. That should help the tune in not becoming the noise to the user, and so he doesn't get indifferent to same tune over time.
Can add a voice assistant to set the alarm, pre-recorded with a fixed set of voice commands - to avoid reliance on internet.
Can"
Ankit C. - "I can use personalised announcement, something like speaking out loud the time in a more sublte way, instead of blaring sound of an alarm.
We can put dynamic alarm tune, meaning one type of tune repeats itself only after a certain period of days. That should help the tune in not becoming the noise to the user, and so he doesn't get indifferent to same tune over time.
Can add a voice assistant to set the alarm, pre-recorded with a fixed set of voice commands - to avoid reliance on internet.
Can"See full answer
"I'm interpreting this question as "what's the process you'd go through to launch a new product". I'd approach it this way, assuming we haven't yet made any determinations around the what/how:
Step 1: Pick an industry of interest with Industry criteria based on
Industry growth rate
VC investments (pitchbook is a good resource)
Step 2: Evaluate the various industry verticals and select the vertical with the most opportunity evaluated by
Age of companies
New entrants
Existing
-"
Diamonde H. - "I'm interpreting this question as "what's the process you'd go through to launch a new product". I'd approach it this way, assuming we haven't yet made any determinations around the what/how:
Step 1: Pick an industry of interest with Industry criteria based on
Industry growth rate
VC investments (pitchbook is a good resource)
Step 2: Evaluate the various industry verticals and select the vertical with the most opportunity evaluated by
Age of companies
New entrants
Existing
-"See full answer
"I'm assuming we're negotiating because we want the vendor to do something unique for us that's possible but they've never done it before or that they do often but we want some sort of preferential treatment or pricing deal. I'm also assuming we're not desperate and have the upper hand.
Pre-Call with vendors
Define our ideal state
Define our BATNA
Vet and speak to at least 3-5 vendors (depending on market concentration)
Objectively know what is possible within industry and with the vendo"
Diamonde H. - "I'm assuming we're negotiating because we want the vendor to do something unique for us that's possible but they've never done it before or that they do often but we want some sort of preferential treatment or pricing deal. I'm also assuming we're not desperate and have the upper hand.
Pre-Call with vendors
Define our ideal state
Define our BATNA
Vet and speak to at least 3-5 vendors (depending on market concentration)
Objectively know what is possible within industry and with the vendo"See full answer
Behavioral
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"I always ask to clarify if this is a brand new team. If so, then I focus on bringing in people with strong technical aptitudes(since I'm hiring for software engineering), but also team members that have experience mentoring and good communication is a must. I look for people who have leadership qualities. I emphasize that building a brand new team isn't something I can do on my own, so the initial hires of that team are very important to help me expand it."
Catherine I. - "I always ask to clarify if this is a brand new team. If so, then I focus on bringing in people with strong technical aptitudes(since I'm hiring for software engineering), but also team members that have experience mentoring and good communication is a must. I look for people who have leadership qualities. I emphasize that building a brand new team isn't something I can do on my own, so the initial hires of that team are very important to help me expand it."See full answer
"Roadblocks or obstacles are common when working on projects. It's essential to navigate them and quickly find solutions to ensure timely delivery and success of your projects. Steps to handle roadblocks or obstacles:
Gauge the potential imapct and decide if it's something that needs immediate solution or something that can be handled later.
If it needs urgent solutions, try to understand the rootcause of the roadblock or obstacle and dig deep.
If it's a already seen problem before, try"
Anonymous Stork - "Roadblocks or obstacles are common when working on projects. It's essential to navigate them and quickly find solutions to ensure timely delivery and success of your projects. Steps to handle roadblocks or obstacles:
Gauge the potential imapct and decide if it's something that needs immediate solution or something that can be handled later.
If it needs urgent solutions, try to understand the rootcause of the roadblock or obstacle and dig deep.
If it's a already seen problem before, try"See full answer
"This is phased approach and would consist below steps
Initiation - Identify Business Goals and Drivers, Perform TCO Analysis, Compliance Assessment and then formulating strategy
Prepare: Develop Require Skill sets and roles and Technical Cultural Training through CoE, Collaboration with partners and internal stakeholders
Assess: Conduct workshops, understand Application Realms and identify the cloud candidates
OKRs and App Roadmap
Execute: Learn, Design, Implement, Document, Depl"
Vineet S. - "This is phased approach and would consist below steps
Initiation - Identify Business Goals and Drivers, Perform TCO Analysis, Compliance Assessment and then formulating strategy
Prepare: Develop Require Skill sets and roles and Technical Cultural Training through CoE, Collaboration with partners and internal stakeholders
Assess: Conduct workshops, understand Application Realms and identify the cloud candidates
OKRs and App Roadmap
Execute: Learn, Design, Implement, Document, Depl"See full answer
"
Attributes of a good Product strategy:
Good product strategy builds upon the company’s existing advantages (companion products, distribution channels, partner relationships, etc.).
Good product strategy clearly identifies target customer segments and non-target segments.
Good product strategy identifies leading and lagging indicators of success, whether they are metrics or milestones.
Take both top down and bottom-up approach to formulate your strategy.
Use top down to bring alignme"
Manu S. - "
Attributes of a good Product strategy:
Good product strategy builds upon the company’s existing advantages (companion products, distribution channels, partner relationships, etc.).
Good product strategy clearly identifies target customer segments and non-target segments.
Good product strategy identifies leading and lagging indicators of success, whether they are metrics or milestones.
Take both top down and bottom-up approach to formulate your strategy.
Use top down to bring alignme"See full answer
"Conduct a competitive analysis: Research the competitive landscape to identify gaps and opportunities that your product can capitalize on.
Develop a business case: Document the value of your product, including projected growth, expected return on investment, and potential risk factors.
Establish partnerships: Develop relationships with key stakeholders and partners who can help provide resources and funding for your product.
Secure executive support: Present yo"
Shivam S. - "Conduct a competitive analysis: Research the competitive landscape to identify gaps and opportunities that your product can capitalize on.
Develop a business case: Document the value of your product, including projected growth, expected return on investment, and potential risk factors.
Establish partnerships: Develop relationships with key stakeholders and partners who can help provide resources and funding for your product.
Secure executive support: Present yo"See full answer
"I. Understanding Customer Needs & Requirements
II. Developing a Project Timeline
III. Defining the Problem Statement
IV. Identifying Product Features, Benefits & Requirements
V. Defining Project Objectives & Success Criteria
VI. Identifying Stakeholders Associated with the Project
VII. Determining Resources Needed to Complete the Project & Potential Risks"
Shivam S. - "I. Understanding Customer Needs & Requirements
II. Developing a Project Timeline
III. Defining the Problem Statement
IV. Identifying Product Features, Benefits & Requirements
V. Defining Project Objectives & Success Criteria
VI. Identifying Stakeholders Associated with the Project
VII. Determining Resources Needed to Complete the Project & Potential Risks"See full answer
"I use a combination of quantitative and qualitative methods to gain a comprehensive understanding of the target market.
Quantitative Methods:
• Conducting surveys
• Utilizing data analysis techniques such as segmentation
Qualitative Methods:
• Focus groups
• Interviews with current and potential customers
Additional Considerations:
• Competitive landscape
• Industry trends to ensure that my research is relevant and actionable."
Shivam S. - "I use a combination of quantitative and qualitative methods to gain a comprehensive understanding of the target market.
Quantitative Methods:
• Conducting surveys
• Utilizing data analysis techniques such as segmentation
Qualitative Methods:
• Focus groups
• Interviews with current and potential customers
Additional Considerations:
• Competitive landscape
• Industry trends to ensure that my research is relevant and actionable."See full answer
"We utilized AI and ML to improve the product’s accuracy and performance and to generate insights from customer data.
We also leveraged the cloud to store and manage customer data securely.
Additionally, we implemented smart assistants to automate customer support and help customers quickly resolve inquiries."
Shivam S. - "We utilized AI and ML to improve the product’s accuracy and performance and to generate insights from customer data.
We also leveraged the cloud to store and manage customer data securely.
Additionally, we implemented smart assistants to automate customer support and help customers quickly resolve inquiries."See full answer
"
Situation
In the derivatives trading domain, timely and accurate data is crucial for making informed trading decisions. Our existing data processing system was facing challenges with latency and scalability, which hindered our ability to react swiftly to market changes. To address these issues, we designed a new real-time market data processing platform.
Task
The task was to develop a low-latency data processing platform that could handle real-time market data ingestion, processing, an"
Scott S. - "
Situation
In the derivatives trading domain, timely and accurate data is crucial for making informed trading decisions. Our existing data processing system was facing challenges with latency and scalability, which hindered our ability to react swiftly to market changes. To address these issues, we designed a new real-time market data processing platform.
Task
The task was to develop a low-latency data processing platform that could handle real-time market data ingestion, processing, an"See full answer