<ul data-eligibleForWebStory="true"><li>Building a truly great product involves two essential requirements working in harmony: Market Strategy and Direction and Product Excellence and Customer Focus.</li><li>Market Strategy involves identifying target markets, lucrative opportunities, and understanding the competitive landscape through research and insights.</li><li>Product Excellence focuses on execution, user experience, and deep customer understanding to solve their pain points.</li><li>Having only one pillar locked down can lead to failures, like targeting the wrong market with a brilliant product or having a mediocre product in a promising market.</li><li>Balancing solid business strategy and customer-oriented product development is crucial for success.</li><li>The author previously undervalued the product side but realized the importance of prioritizing customer feedback and retention for a product's success.</li><li>By aligning a strong market opportunity with a customer-centric approach, the author believes in achieving the goal of building a GOAT product and finding success.</li><li>The foundation is set, and now it's time to execute.</li></ul>

The balance between solid business strategy and customer-oriented product development

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