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Product Discovery: How a ‘Save for Later’ Feature Can Boost E-Commerce Conversions and User…

  • Users often struggle to find products they viewed earlier on e-commerce platforms, leading to frustration and missed revenue.
  • 55% of users abandon carts because they are just browsing and not ready to buy, indicating the need for an easy way to save or track products.
  • E-commerce platforms report that only 30-40% of users return within a week of their first visit, resulting in lost opportunities for sales.
  • Introducing a 'Save for Later' feature can empower users, increase return visits, and boost conversions on e-commerce platforms.

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Unleash Your Potential: 10 Transformative Habits for a Thriving Life

  • Taking time for introspection through journaling or meditation helps in personal growth and mindfulness.
  • Having a growth mindset, viewing challenges as opportunities, boosts resilience and fosters creativity.
  • Prioritizing physical health through exercise, balanced diet, and sleep provides the energy needed to pursue goals.
  • Building deep, authentic relationships and surrounding yourself with positive people creates a supportive network.

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How We Connect With Products

  • Designing for engagement is the fundamental driver behind Emotional Design.
  • Emotional design focuses on creating products that evoke positive feelings and build connections with users.
  • The best designs succeed on all three levels: Visceral Design, Behavioral Design, and Reflective Design.
  • Industrial designers like Henry Dreyfuss and Norman Geddes started designing products that were more than utility.
  • People weren’t all wealthy enough to hire other people to do their chores, so appliances became a status symbol.
  • With the rise of digital interfaces, designers turned to skeuomorphism — a style that mimicked real-world textures and objects to make technology feel familiar.
  • Today’s emotional design combines a lot of different approaches depending on context and user sentiment.
  • Designers must balance creating engaging experiences with avoiding manipulation or addiction.
  • Regardless of the technology, design is an innately human endeavour.
  • Design for Humans, Not Just Users: Understand the emotions your design evokes and aim to create meaningful connections.

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CASE STUDY: CONDUCTING A MARKET RESEARCH ON INDOMIE INSTANT NOODLES

  • Indomie is a brand of Instant noodle produced by an Indonesian company Indofood Sukses Marmur Tbk, better known as Indofood.
  • Indomie Instant noodles offer quick meal solutions for busy lifestyles, appealing to urban consumers and working professionals.
  • Manufacturers have introduced diverse flavors tailored to local tastes, enhancing consumer acceptance.
  • The competition doesn’t enjoy such luxury as they need to source these complements from outside vendors which adds more cost.
  • Indomie is a multinational brand, and it’s produced or distributed in several countries and continents.
  • The strategic implication is that other brands find it difficult to gain market entrance and acceptance because the name noodle is synonymous with Indomie.
  • Indomie has established a robust distribution strategy that ensures product availability in both urban and rural areas, making it accessible to a wide consumer base.
  • Increased competition from local brands offering lower-priced alternatives threatens Indomie’s market share.
  • Inflation and rising production costs due to fuel subsidy removal and currency devaluation have led to frequent price increases, which may alienate cost-sensitive consumers.
  • Indomie engages in market activations and sponsorships of educational programs for children, enhancing brand visibility and loyalty.

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All Tools are Processes : An Alignment of Processes & Practices.

  • A tool is not just a piece of software or checklist, it encapsulates a structured process.
  • Viewing tools as processes leads to intentional tool selection and long-term process adaptability.
  • Aligning tools with processes involves starting with the process, training for processes, customizing tools, and iterating.
  • Top-tier tools succeed because they embed industry-standard processes.

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The Digital Product Apothecary Diaries: The Elixir of Generative AI

  • Gen AI is a catalyst for innovation, not just a tech gimmick.
  • It acts as an accelerant, transforming processes and unlocking ideas.
  • Generative AI is a powerful ally in the digital product realm.
  • After eight months of use, the author shares their positive impressions.

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How Customer Insights Shaped the Development of Keka’s 1:1 Meetings Tool

  • Regular 1:1 conversations between managers and employees are crucial for effective communication and performance management.
  • Keka developed the 1:1 Meetings tool to address the challenges faced by customers in managing these meetings.
  • Customer insights led to the development of features like meeting tracking, integrated scheduling, customizable templates, and reporting tools.
  • Keka is committed to continuously improving the tool based on customer feedback, with plans to incorporate AI-driven transcription and intelligent scheduling.

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Demystifying Data Products and Data Product Management: A Complete Guide

  • A data product is a solution or system built to generate, analyze, or deliver insights from data.
  • Data products can be external-facing or internal-facing.
  • Data Product Managers bridge the gap between data teams and stakeholders, ensuring impactful data products.
  • Data Product Management combines technical understanding, strategic thinking, and product management skills.

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#2 Dealing with Versatile Product Managers

  • A versatile product manager should understand the reasons behind their utilization, assignments, and achievements.
  • Understanding the reasons behind being chosen or maintained in a team helps validate skills and provides opportunities for improvement.
  • Having a clear reason for moving to another company or industry showcases versatility and value to the recruiter.
  • Achievements are crucial in proving the benefits of being versatile and making moves more valuable.

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Empowering Teams and Strategies for Digital Transformation

  • Digital transformation often involves multiple departments working toward shared goals.
  • Misaligned objectives or disconnected workflows can hinder progress and increase inefficiencies.
  • Empowered teams that communicate effectively and collaborate seamlessly are more likely to achieve transformation success.
  • PlatformNEX is a centralized infrastructure that fosters collaboration and alignment among teams, accelerating digital transformation.

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PRODUCT LIFECYCLE: IS IT IMPORTANT?

  • Product Life Cycle (PLC) describes the stages of a product’s life, including its inception, development, introduction to the market, growth, and eventual decline or discontinuation.
  • The 4 stages of the Product Life Cycle are: Introduction, Growth, Maturity, and Decline.
  • Introduction stage: It is the beginning of the product's journey in the market, where awareness is created.
  • Growth stage: The product experiences increased market acceptance and sales, gaining popularity.
  • Maturity stage: The product reaches a stable position with consistent sales and widespread acceptance.
  • Decline stage: Sales and market demand start to decline, with shifting consumer tastes and introduction of newer technologies.
  • Understanding and strategically managing the product lifecycle is crucial for businesses to ensure success.

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Amazon Best Seller Badge – Everything you Need To Know

  • Amazon bestseller badge is a recognition given to top sellers on Amazon.
  • The badge helps customers make informed purchase decisions based on product sales.
  • Originally, only one seller per category had the badge, but now there are 100 bestsellers per category.
  • Having the badge can result in higher visibility for your products on Amazon.

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Your Brain’s Shortcut to Drama

  • The Availability Heuristic is a sneaky brain bias that affects how users perceive products.
  • A single negative experience can permanently shape their opinion, overshadowing subsequent positive experiences.
  • To overcome this bias, it's important to actively design how users remember the product.
  • Fixing issues promptly and leaving users with positive experiences helps create a lasting impression.

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Bridging the Gap: Why Product Managers Must Think at an Impact Level

  • Product Managers must think at an impact level to align product strategy with business goals.
  • Considering the broader impact enables informed decision making and improved communication with stakeholders.
  • Failure to think at an impact level may lead to disconnect with stakeholders and inefficient use of resources.
  • Elevating perspective to impact level ensures efforts contribute to company's success and fosters stakeholder trust.

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From Idea to Release: The Product Owner’s Role in Feature Development at Exante

  • The product owner plays a crucial role in the development of a feature/product.
  • Inefficient communication among team members is often the root of the problem when it comes to delays in feature development.
  • At Exante, a separate team of product owners is formed to coordinate shared features across projects.
  • The process for developing a feature/product at Exante is the same regardless of size or complexity.
  • The discovery phase involves analyzing global factors, assessing business value, estimating costs, and conducting market research.
  • The full discovery stage involves developing a design and determining the feasibility of implementation.
  • The product owner engages developers early on and includes all relevant documentation in the initiative for planning.
  • The development planning process includes creating epics and breaking down tasks based on resources and workload.
  • The product owner plays a role in ensuring quality control at each stage of the development process.
  • Gathering feedback and addressing issues from newly released features is the next focus for product owners after a feature release.

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