21min chapter

Product Growth Podcast cover image

How to Develop Your Product Strategy, with Satyajeet Salgar | Director of Product, Google

Product Growth Podcast

CHAPTER

Strategic Risk-Taking in Product Development

This chapter explores the strategic decision-making processes of companies like Netflix and Amazon, focusing on their transition to innovative business models through calculated risks. It emphasizes the importance of experimentation, patience, and the acceptance of failures as essential components of successful product strategies. Additionally, the chapter discusses frameworks like the 70-20-10 rule that guide resource allocation for innovation while managing associated risks.

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