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20Product: How the Best Teams Do Product Reviews | What Everyone Gets Wrong in Hiring Product Teams | Product Lessons Leading Facebook App Monetisation Team to Billions in Revenue with Maria Angelidou, CPO @ Personio
The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
Strategic Resource Allocation in Product Development
Effective resource allocation in product development hinges on balancing three primary categories: investment in new products, enhancement of existing products, and maintenance efforts. The approach should involve a deliberate allocation of resources that ensures sustainable growth while addressing technical debt and optimizing existing revenue streams. Ideally, organizations with established product lines should allocate approximately 30 to 40% of their resources to existing products and a similar percentage to new product development. The remaining funds, around 25 to 30%, should focus on maintenance and internal productivity improvements. Additionally, it is crucial to reserve at least 5 to 10% of capacity for exploring innovative ideas and nurturing potential new offerings, thereby fostering an environment conducive to long-term growth and development.
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