Product Sense
The ability to intuitively understand what makes a product successful, including market needs, user experience, and competitive landscape.
195 topics found for
“product decision-making”
Product Council
A group of stakeholders that regularly meet to discuss and guide the development and strategy of a product or product line.
System One
A mode of thinking, derived from Dual Process Theory, that is fast, automatic, and intuitive, often relying on heuristics and immediate impressions.
Weighted Scoring
A prioritization method that assigns different weights to criteria based on their importance, helping to make informed decisions and prioritize tasks effectively.
Behavioral Economics
The study of psychology as it relates to the economic decision-making processes of individuals and institutions.
Affect Heuristic
A mental shortcut where current emotions influence decisions, often bypassing logic and reasoning.
RICE Scoring Model
A prioritization framework used in product management to evaluate features based on Reach, Impact, Confidence, and Effort.
McNamara Fallacy
The error of making decisions based solely on quantitative observations and ignoring all other factors.
Fist To Five
A consensus-building technique where participants show their level of agreement or support by raising zero to five fingers.