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English: Product Management was initially started in a 1931 memo requesting additional employees focused on brand management by Procter & Gamble employee, Neil H. McElroy. McElroy needed “Brand Men” who would take on the role of managing products, advertising, and promotions, while tracking sales.
The business model canvas is a strategic management template used for developing new business models and documenting existing ones. [2] [3] It offers a visual chart with elements describing a firm's or product's value proposition, [4] infrastructure, customers, and finances, [1] assisting businesses to align their activities by illustrating potential trade-offs.
In strategic planning and strategic management, SWOT analysis (also known as the SWOT matrix, TOWS, WOTS, WOTS-UP, and situational analysis) [1] is a decision-making technique that identifies the strengths, weaknesses, opportunities, and threats of an organization or project.
In marketing, a marketing plan is created to guide businesses on how to communicate the benefits of their products to the needs of potential customer. The situation analysis is the second step in the marketing plan and is a critical step in establishing a long term relationship with customers.
A marketing plan is a plan created to accomplish specific marketing objectives, outlining a company's advertising and marketing efforts for a given period, describing the current marketing position of a business, and discussing the target market and marketing mix to be used to achieve marketing goals.
Market assessment and target demographics; Product overview and use cases; Requirements, including functional requirements (e.g. what a product should do) usability requirements; technical requirements (e.g. security, network, platform, integration, client) environmental requirements; support requirements
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