From the course: Becoming a Product Manager: A Complete Guide

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Make decisions: The risk/difficulty square

Make decisions: The risk/difficulty square

From the course: Becoming a Product Manager: A Complete Guide

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Make decisions: The risk/difficulty square

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- Hey guys, welcome back. All right, let's talk product management strategy, as it relates to testing out your assumptions. Now as you remember, and as we have established MVP, it's just a technique for testing whether or not a new product or feature is going to be adopted by your user base or potential customers. Remember this? The next step, when you have a list of things you want to add, or test, or build is to break it down into assumptions and build hypotheses around them. That's where we're at right now. Now you have a list of everything you think, how do you decide which one you should direct your effort towards proving first? Well, we know which one is the riskiest, right? So wait, why don't we just jump right in to testing that? Well, it's complicated. And if you were an entrepreneur, I would say absolutely. The first thing you should do is just tackle the riskiest assumption you have. But as a product manager,…

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