Porter 5 force is a method of analyzing the business competition, contrary to the traditional SWOT (Strength, Weakness, Opportunity, Threat) analysis which Michael. E Porter of Harvard University found to be lacking vigor and depth.
Porter refers to these five forces as a microenvironment that affects the product’s profit and the ability to serve its customers.
The Threat of New Entrants: This is one of the dangers that weaken a company’s position or profitability. When the company has high profitability, it usually attracts new entrants into the industry. To stay ahead in the market, the company needs to have substantial…
Pricing case questions are most commonly asked in either consulting or FAANG product interviews. It is highly imperative that the company set the right price to sell their goods or services and obtain profits. However, this pricing analytical question should not be complex if you know the proper frameworks and methods to approach them.
But the first and foremost is to know the goals/objective of the company:
· What is the company trying to achieve?
· Is Maximizing revenue the goal?
· Do they want to increase their market share?
· Expand the number of customers?
So, what actually determines…
Product management interviews are currently the trendiest and most exciting kind of interviews, but have you wondered why they are most dreaded? You would know if you were preparing for one or if you had attempted one or more such interviews. This post will help you prepare for your product manager interviews and focus more on the design type of questions.
There are several ways you could attempt to answer these kinds of questions, but I thought I could share my views as I am a product management enthusiast as well.
I do not want to keep dragging before telling…
Product management enthusiast, product management consultant, poet, cook, and a mom. I love to share what I read and know... Please share your comments..