Question

propose a change strategy for any product.

Answer 1

Effective change strategy to LED bulb with inbuilt battery -

1) Before planning to manufacture the inbuilt battery LED Bulb we need to analyze the market demand, available competitions, customers understanding, needs of such bulb, price structure, and warranty or guarantee coverage.

2) We must identify the target market for this LED bulb and our team evaluate the market opportunities for such bulbs that will reduce the risks of the new product.

3) Developing a high-level product vision before mapping out for product strategy and these efforts have several advantages that keep assurance the product success. Proper communication with team, developers, marketing, sales team to collect the feedback and suggestions that will boost our morale and confidence level.

4) We must define our product goals because product goals are as key success metrics for our product that establish our product commitment in the market. How our product will achieve the goals as per the company expectations and market opportunities.  

5) Using our high-level product goals to guide our roadmap because through this process we are introducing the change in the product and introducing the change in the market. Setting a high level of product goals with the help of product vision and take the initiative into the product roadmap.

6) Comparing the product vision against our plan is the last strategy to understand the directions of the plan and establish proper communication.