Product Consolidation
The process of combining multiple products or product lines into a single offering to streamline operations and reduce complexity.
The process of combining multiple products or product lines into a single offering to streamline operations and reduce complexity.
A cognitive bias where people prefer a greater variety of options when making simultaneous choices compared to sequential choices.
A programming paradigm aimed at improving the clarity, quality, and development time of software by using structured control flow constructs.
Lifetime Value (LTV) is a metric that estimates the total revenue a business can expect from a single customer account throughout their relationship.
A statistical method used to predict a binary outcome based on prior observations, modeling the probability of an event as a function of independent variables.
Portfolio Management is the process of overseeing and coordinating an organization's collection of products to achieve strategic objectives.
A Gestalt principle that states that objects that are similar in appearance are perceived as being more related than objects that are dissimilar.
A framework for prioritizing product features based on their impact on customer satisfaction, classifying features into categories such as basic, performance, and delight.
A strategic framework used to analyze the external macro-environmental factors affecting an organization: Political, Economic, Social, Technological, Environmental, and Legal.