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Product-market fit significantly impacts a company's bottom line. When a product meets the needs of the market better than any alternatives, it creates significant customer value. This leads to increased sales and customer retention, which directly improves the company's profitability. Therefore, achieving product-market fit is crucial for a company's financial success.
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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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