<ul><li>Product strategy is a practical framework guiding how products are built, prioritized, and communicated with teams and stakeholders.</li><li>It connects a product's vision to real business outcomes, serving as a north star for decision-making and alignment.</li><li>Strong product strategy comprises five core ingredients: vision, goals, initiatives, reality, and focus.</li><li>Vision defines the 'why' behind the product, while goals translate vision into measurable outcomes.</li><li>Initiatives are the actionable projects executed to achieve goals, making the strategy tangible.</li><li>A good product strategy aligns with the company mission, values, resources, and industry insights.</li><li>It prioritizes focus, clarity, and intentional decision-making over chasing every opportunity.</li><li>A solid product strategy evolves through refinements and continuous learning, emphasizing adaptability.</li><li>It serves as a system driving progress, smarter decisions, and meaningful product development.</li><li>The article provides foundational knowledge on product strategy while encouraging further exploration into nuances and practical applications.</li></ul>

Product Strategy Fundamentals

Discover more