How do you balance investing in competitive differentiation with building for customer retention?
9 Answers
Square Product Lead, Payments • 1y
Those aren't mutually exclusive. But, customer retention is a marathon, while differentiation is a sprint. Customer retention is crucial for long-term success, while diff...
761 Views
Barracuda Networks Sr. Director, Product Management • 2y
Here’s how we approach this balance at Barracuda, taking inspiration from Cagan’s principles:Deep Customer Understanding: We prioritize deep customer insights through con...
658 Views
GitLab Group Product Manager • 1y
Balancing this is a delicate act that requires constant reassessment and a strategic approach. It's essential to recognize that both competitive differentiation and custo...
1111 Views
Patreon Product Leader • 4y
I generally don't believe in investing in differentiation for differentiation's sake – if the feature doesn't solve a core customer need then I'd have a hard time priorit...
1265 Views
GitLab Group Manager, Product Management • 2y
When building a product strategy, you want to focus on identifying your target users and creating a plan to solve their biggest problems. You'll consider your product's u...
654 Views
Gainsight Director, Product Management | Formerly Cisco • 1y
Balancing investment in competitive differentiation with customer retention involves a strategic approach that ensures sustainable growth and loyalty. Few pointers (in no...
501 Views
Dovetail Product • 1y
The balance changes based on the context of the business so as a first step, product leaders need to be fully in-tune with the business. For example, if churn is high, yo...
970 Views
IBM Product Management • 2y
These don't have to be mutually exclusive. In many of the companies I worked in the install base actually were former users of old products and had some legacy tools stil...
384 Views
Salesforce Senior Director of Product Management • 1y
Focus on the Core, Expand with PurposeFirst focus on growing and protecting your core (what product area is a cash cow for your business). Always play by strength before ...
532 Views