<ul><li>Creating a strong product strategy is a leadership necessity, not a luxury, and requires a clear plan.</li><li>Understanding the difference between vision, mission, and strategy is crucial for product managers.</li><li>Product managers need to bridge the gap between the company's vision and specific tasks to deliver value.</li><li>Developing a product strategy requires preparation and creating the necessary space for progress.</li><li>The strategy development should aim to be completed within six to twelve weeks to avoid a prolonged process.</li><li>Context and communication alignment with company objectives are crucial for product strategy.</li><li>Kenichi Ohmae's 3Cs Model (Company, Competitors, Customers) is integral for product contextualization.</li><li>Stakeholder interviews and establishing a North Star Metric are valuable in defining impact and progress.</li><li>Developing pillars or building blocks with the right level of detail is essential for a strong product strategy.</li><li>Regular assessment and alignment with the product strategy are vital for success and evolution over time.</li></ul>

“Hey Product Manager, go do strategy!” — 7 Steps to a Great Product Strategy

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