Question
A product idea evaluation is a tool used to analyze a product based on various metrics. These metrics include financial feasibility, strategic alignment, customer usability, market demand, and the value created for its customers. Each of these categories can be weighted according to its relative importance to your company or department. This allows for multiple product concepts to be rated against each other, resulting in a total score. This process helps in understanding the potential success of a product idea.
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A product idea evaluation can be used to analyze an entire product across metrics like financial feasibility, strategic alignment, customer usability, market demand, and value created for its customer. Each category can be weighted according to its relative importance to your company or department, and then multiple product concepts can be rated against each other for a total score. (Slide 7)
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