<ul><li>Striking the right balance between innovation and iteration is crucial for product managers.</li><li>Over-rotating on new features can lead to a bloated product, while an overemphasis on iteration can make a product feel stagnant.</li><li>A product needs both innovation and iteration, but not in equal measure and not simultaneously.</li><li>Key considerations include aligning with the product's core mission, utilizing North Star metric, and categorizing features based on iteration or innovation.</li></ul>

Innovation vs. Iteration: A Product Manager’s Dilemma

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