Answering: “Your stakeholders all agree that a particular capability is absolutely essential, but when you measure its usage after it is released you find that very few customers are using it, despite extensive promotion in the release marketing. What should you do?”

Your stakeholders all agree that a particular capability is absolutely essential, but when you measure its usage after it is released you find that very few customers are using it, despite extensive promotion in the release marketing. What should you do?
(choose the best answer)
A. Seek deeper feedback from customers to understand what fell short.
B. Get earlier customer feedback, directly from customers, to better understand their needs.
C. Release smaller increments of functionality and measure usage, more frequently.
D. Balance customer and stakeholder feedback in setting priorities.

Answering: “Your stakeholders all agree that a particular capability is absolutely essential, but when you measure its usage after it is released you find that very few customers are using it, despite extensive promotion in the release marketing. What should you do?” Read More »

Answering: “Your company has two products: one highly-successful established product with high market share in a slow-growing market, and a new product in an emerging market that is growing very quickly. How should you allocate the funding for development work between these two products?”

Your company has two products: one highly-successful established product with high market share in a slow-growing market, and a new product in an emerging market that is growing very quickly. How should you allocate the funding for development work between these two products?
(choose the best answer)
A. Fund based on customer requests for new product features.
B. Set budgets as a percentage of expected product revenues for the year.
C. Fund to close specific/user satisfaction gaps for each product.
D. Fund maintenance work on the established product and budget the rest for the new product.

Answering: “Your company has two products: one highly-successful established product with high market share in a slow-growing market, and a new product in an emerging market that is growing very quickly. How should you allocate the funding for development work between these two products?” Read More »

Answering: “What do you need to know to run an effective product improvement experiment?”

What do you need to know to run an effective product improvement experiment?
(choose the best answer)
A. The target audience for the experiment.
B. The satisfaction gap of the people targeted by the experiment.
C. What you are doing to reduce the satisfaction gap of the people targeted by the experiment.
D. How you will know whether your change was successful in achieving your desired result.
E. All of the above.

Answering: “What do you need to know to run an effective product improvement experiment?” Read More »

Answering: “You are accountable for the success of a product whose revenues have stagnated in recent years. An influential stakeholder wants you to add specific features to the product to capture new customers, based on a conversation he had with an existing large customer. You are unconvinced that these features are appealing to the broader market.”

You are accountable for the success of a product whose revenues have stagnated in recent years. An influential stakeholder wants you to add specific features to the product to capture new customers, based on a conversation he had with an existing large customer. You are unconvinced that these features are appealing to the broader market.
Which of the following actions should you take?
(choose the best answer)
A. Collaborate with the stakeholder to run a small experiment to validate their opinions.
B. Collaborate with other stakeholders and use a voting system to decide which options should be considered.
C. Acknowledge the views of the influential stakeholders but decline to add more features to the product.
D. Agree with the stakeholder and add features to the Product Backlog as it might increase your customer base.

Answering: “You are accountable for the success of a product whose revenues have stagnated in recent years. An influential stakeholder wants you to add specific features to the product to capture new customers, based on a conversation he had with an existing large customer. You are unconvinced that these features are appealing to the broader market.” Read More »

Answering: “Your company has a single product with very high market share (UV) and very high current customer satisfaction (CV). It was the first product of its kind on the market and competitors have yet to catch-up. As you plan the company’s future, where should you invest to build on your current success?”

Your company has a single product with very high market share (UV) and very high current customer satisfaction (CV). It was the first product of its kind on the market and competitors have yet to catch-up. As you plan the company’s future, where should you invest to build on your current success?
(choose the best answer)
A. Develop a services business around the current product to increase revenues.
B. Continue to invest in new features for the current product so as not to lose customers to competitors.
C. Use profits to reward investors with a dividend and/or stock buy-back, and let them decide where to invest.
D. Limit current product investments to essential enhancement and defect fixes, and explore new markets.

Answering: “Your company has a single product with very high market share (UV) and very high current customer satisfaction (CV). It was the first product of its kind on the market and competitors have yet to catch-up. As you plan the company’s future, where should you invest to build on your current success?” Read More »

Answering: “Midway through your fiscal year, a new market opportunity arises that appears to have more potential than many existing investments. You find the money to fund it, but all the teams are busy working on existing projects. What should you do?”

Midway through your fiscal year, a new market opportunity arises that appears to have more potential than many existing investments. You find the money to fund it, but all the teams are busy working on existing projects. What should you do?
(choose the best answer)
A. Stop existing investments that have not demonstrated value to free capacity and explore the new opportunity.
B. Form a team with part-time members from existing teams to work on the new opportunity.
C. Hire contractors to form a new team to work on the new opportunity.
D. Form a team by recruiting outside the organization to work on the new opportunity.

Answering: “Midway through your fiscal year, a new market opportunity arises that appears to have more potential than many existing investments. You find the money to fund it, but all the teams are busy working on existing projects. What should you do?” Read More »

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