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A company can maintain product-market fit as market conditions change by continuously monitoring customer needs and market trends. They should be ready to adapt their product according to the changing needs of the customers. Regular customer feedback and market research can help in this. Also, they should keep an eye on the competition and always strive to provide more value than the alternatives available.
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Most products fail because they don't meet customer needs better than the alternatives available. Therefore, achieving product-market fit is the key to creating a successful product. product-market fit means building a product that creates significant customer value and meets needs better than every alternative. The Product Market Pyramid is an actionable framework to achieve such product-market fit.
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Why do so many products fail? It's not because they are built or marketed poorly, but because they don’t delight customers. Read this book summary for...
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