Finding the right balance between short-term growth and long-term value can be challenging for product managers.Short-term wins should not overshadow long-term strategy; they should serve as incremental steps leading towards a bigger goal.Feature bloat, as seen with Yahoo, can overwhelm users and prevent the creation of a cohesive user experience.Building long-term value involves prioritizing user needs and focusing on what matters most, as demonstrated by Slack and Spotify.