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10 strategies and tactics for Product

What is Product strategy?

Every great achievement starts with a well-thought-out plan. It can be the launch of a new product, expanding into new markets, or just trying to increase efficiency. You'll need a delicate combination of strategies and tactics to ensure that the journey is smooth and effective.

Crafting the perfect Product strategy can feel overwhelming, particularly when you're juggling daily responsibilities. That's why we've put together a collection of examples to spark your inspiration.

Transfer these examples to your app of choice, or opt for Tability to help keep you on track.

How to write your own Product strategy with AI

While we have some examples available, it's likely that you'll have specific scenarios that aren't covered here. You can use our free AI generator below or our more complete goal-setting system to generate your own strategies.

Product strategy examples

We've added many examples of Product tactics, including a series of action items. We hope that this will make these examples as practical and useful as possible.

Strategies and tactics for enhancing Customer-Centric Approach at Dashen Bank

  • ⛳️ Strategy 1: Enhance personalisation through advanced analytics

    • Employ advanced data analytics to segment customers based on behaviours and preferences
    • Conduct regular customer surveys to gather data on changing needs and preferences
    • Develop tailored banking products and services for different customer segments
    • Integrate a CRM system to track and personalise every customer interaction
    • Leverage customer data to offer personalised marketing campaigns
    • Utilise AI-driven personalisation tools to recommend products and services
    • Create personalised customer journey maps to improve the customer experience
    • Implement a feedback loop to continually refine personalisation efforts
    • Collaborate with cross-functional teams to ensure alignment in personalisation strategies
    • Set and monitor KPIs to measure the effectiveness of personalisation efforts

  • ⛳️ Strategy 2: Improve transparency and communication across all channels

    • Develop standard templates for all customer communications to ensure consistency
    • Create an educational content library consisting of FAQs, tutorials, and guides
    • Ensure all communication channels provide clear information on products and fees
    • Regularly update customers on changes to products or fees through multiple channels
    • Establish a centralised CRM to enhance tracking of customer interactions
    • Train staff on clear and effective communication techniques
    • Provide transparent customer service guidelines across digital and branch channels
    • Implement a feedback mechanism for customers to rate communication clarity
    • Benchmark against industry best practices for clarity and transparency
    • Monitor customer satisfaction and confusion indexes to fine-tune communication strategies

  • ⛳️ Strategy 3: Streamline processes to boost efficiency and digital engagement

    • Map current customer journey processes to identify bottlenecks and inefficiencies
    • Implement lean methodologies to streamline workflows and reduce wait times
    • Invest in technology to automate key customer service functions
    • Enhance mobile and digital platforms to provide seamless service access
    • Develop a user-focused design for digital banking interfaces
    • Increase cloud infrastructure investment to support more scalable digital solutions
    • Implement real-time performance tracking tools to monitor service efficiency
    • Create cross-training programs to enhance staff efficiency in multiple roles
    • Use AI tools for proactive customer support and issue resolution
    • Benchmark digital engagement levels against competitors to identify areas for improvement
personalisationtransparencydata-analystcustomer-service-representativemarketing-teamit-team
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Strategies and tactics for growing sales for GLOEW e-commerce clothing store

  • ⛳️ Strategy 1: Optimise advertising budget

    • Allocate 60% of the daily advertising budget to top-performing ad channels
    • Utilise retargeting ads to convert window shoppers into buyers
    • Test different ad creatives weekly to identify what resonates most with the audience
    • Focus on high-conversion keywords in search engine marketing
    • Leverage social media platforms where target customers are most active
    • Run limited-time discount ads to create urgency
    • Use A/B testing for ad copy and visuals to improve click-through rates
    • Track ad performance daily to adjust spend for maximum returns
    • Collaborate with micro-influencers for authentic product endorsements
    • Analyse competitor ads to identify opportunities and gaps

  • ⛳️ Strategy 2: Enhance product offerings

    • Introduce a limited edition designer collection to create excitement
    • Bundle popular items with complementary products for value offers
    • Obtain customer feedback for favourite designs and iteratively improve product lines
    • Expand T-shirt collections with unique designs targeting summer months
    • Offer customisation options for a personalised shopping experience
    • Ensure high-quality imagery and descriptions on product pages
    • Highlight best sellers and trending items on the home page
    • Use analytics to identify top performers and underperformers
    • Seasonally update collections to maintain relevance and interest
    • Utilise customer reviews and ratings to build trust and credibility

  • ⛳️ Strategy 3: Leverage customer engagement

    • Build an email list for newsletters and exclusive offers to foster loyalty
    • Initiate a referral program to incentivise existing customers to bring in new ones
    • Host giveaways or contests on social media to increase brand visibility
    • Create engaging content on social media to maintain regular interaction
    • Implement a live chat feature for immediate customer support and queries
    • Develop a loyalty program to reward repeat purchases
    • Encourage satisfied customers to leave positive reviews on the website
    • Share user-generated content to showcase real-life usage and satisfaction
    • Use surveys to understand customer preferences and improve offerings
    • Regularly update an FAQ section to address common queries and minimise barriers to purchase
advertisingengagementmarketing-managerproduct-designersales-teamcreative-team
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Strategies and tactics for becoming the Most Trusted and Customer-Centric Financial Institution

  • ⛳️ Strategy 1: Develop tailored banking solutions

    • Conduct comprehensive market research to understand customer segments and their needs
    • Analyse customer data to identify preferences and personalise offerings
    • Create flexible banking products that adapt to varying customer needs
    • Enhance services with tailored customer support options
    • Provide regular training for staff on personalisation techniques
    • Develop feedback mechanisms to refine and enhance tailored solutions
    • Set up cross-functional teams to drive innovation in product development
    • Explore partnerships with fintech firms to enhance offerings
    • Implement a customer relationship management system for better customer insights
    • Monitor and evaluate the impact of personalised solutions on customer satisfaction

  • ⛳️ Strategy 2: Enhance communication and transparency

    • Use clear and simple language in all customer communications
    • Improve online platforms to offer easily accessible information on products and services
    • Train customer service representatives to provide accurate and clear information
    • Implement proactive communication strategies to keep customers informed about changes
    • Develop a FAQ section on the website to address common customer queries
    • Create informative and engaging content about banking services and products
    • Regularly update customers on security measures and privacy policies
    • Host regular webinars and workshops to educate customers on financial management
    • Incorporate customer feedback into communication strategies
    • Evaluate the effectiveness of communication strategies through customer surveys

  • ⛳️ Strategy 3: Leverage innovative technology

    • Invest in the latest technology to enhance digital banking platforms
    • Ensure mobile and online platforms offer a seamless user experience
    • Implement AI and data analytics to personalise customer interactions
    • Automate routine transactions to improve service efficiency
    • Offer virtual financial advice through secure digital channels
    • Regularly update digital platforms to incorporate customer feedback
    • Provide robust security features to protect customer data and build trust
    • Integrate chatbots for 24/7 customer assistance
    • Organise regular digital literacy sessions for customers
    • Continuously monitor and upgrade technology to stay ahead of market trends
personalizationtechnologycustomer-service-representativedata-analystinnovation-teamcommunication-team
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Strategies and tactics for increasing productivity and revenue

  • ⛳️ Strategy 1: Optimise workflow processes

    • Conduct a thorough analysis of current workflows
    • Identify and eliminate bottlenecks that slow down processes
    • Implement project management tools such as Trello or Asana
    • Automate repetitive tasks using software solutions
    • Create clear and detailed process documentation
    • Set SMART goals to track progress and achievements
    • Conduct regular team training to enhance skills
    • Establish a feedback loop to continuously improve processes
    • Introduce a system for regular performance reviews
    • Align team roles and responsibilities with individual strengths

  • ⛳️ Strategy 2: Enhance employee engagement

    • Develop and implement an employee recognition program
    • Encourage open communication through regular team meetings
    • Provide professional development opportunities
    • Create a supportive work environment with flexible work hours
    • Encourage a healthy work-life balance
    • Implement a mentorship program
    • Use employee surveys to gather feedback and make improvements
    • Promote team-building activities and events
    • Provide clear career progression pathways
    • Reward and recognise team achievements regularly

  • ⛳️ Strategy 3: Expand market reach and customer base

    • Conduct market research to identify potential new markets
    • Develop targeted marketing campaigns for different customer segments
    • Increase online presence through SEO and social media marketing
    • Collaborate with influencers and industry leaders
    • Offer promotions and discounts to attract new customers
    • Enhance customer service to retain existing customers
    • Expand product or service offerings to meet customer needs
    • Participate in industry trade shows and exhibitions
    • Form strategic partnerships with complementary businesses
    • Regularly analyse competitor strategies and adjust accordingly
productivityrevenueproject-managerhr-managermarketing-teamproduct-development-team
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Strategies and tactics for establishing rules for quality control

  • ⛳️ Strategy 1: Define clear quality standards

    • Research industry standards for pallet quality
    • Identify key performance indicators for product quality
    • Collaborate with stakeholders to define quality benchmarks
    • Establish acceptable tolerance levels for product variations
    • Document all quality standards in a comprehensive guide
    • Review and update standards annually or as needed
    • Train staff on quality standards
    • Perform regular audits to ensure standards are met
    • Implement a process for addressing quality deviations
    • Communicate quality standards to suppliers

  • ⛳️ Strategy 2: Implement a robust quality inspection process

    • Develop a checklist for quality inspections
    • Assign trained personnel to conduct inspections
    • Schedule regular inspections at various production stages
    • Use quality control software to track inspections
    • Set up a system for logging inspection results
    • Analyse inspection data to identify patterns and issues
    • Equip inspectors with necessary tools and training
    • Define procedures for handling non-conforming products
    • Ensure inspection criteria align with quality standards
    • Conduct surprise inspections to ensure consistency

  • ⛳️ Strategy 3: Engage in continuous improvement

    • Create a feedback loop for gathering input from customers and staff
    • Set up regular meetings to review quality control processes
    • Identify areas for improvement through data analysis
    • Implement changes based on feedback and analysis
    • Monitor the impact of changes on quality outcomes
    • Encourage a culture of quality and improvement among employees
    • Reward teams and individuals for quality improvements
    • Stay informed about new quality control technologies and methodologies
    • Develop a training programme focusing on continuous improvement
    • Document lessons learnt and best practices
quality-controlcontinuous-improvementquality-inspectorprocess-managerquality-assurance-teamproduction-team
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Strategies and tactics for building an accountability partner assistant

  • ⛳️ Strategy 1: Utilise collaboration and communication apps

    • Identify popular communication apps that support voice features, such as WhatsApp, Zoom, and Microsoft Teams
    • Research their collaboration features to evaluate suitability for accountability tracking
    • Choose an app that offers free or affordable plans for personal use
    • Explore integration capabilities with productivity tools like Google Calendar or Trello
    • Design a simple user workflow for setting up voice calls and reminders within the chosen app
    • Create a guide on how to schedule recurring voice check-ins with partners through the app
    • Set up a feedback mechanism for users to report app-specific issues or feature requests
    • Utilise the app’s notification system to alert users of upcoming accountability sessions
    • Encourage users to use voice notes for setting daily goals and reflections
    • Prepare a tutorial on using the app’s features specifically for accountability purposes

  • ⛳️ Strategy 2: Leverage smart home devices

    • Identify smart home devices like Amazon Echo or Google Home that offer voice communication
    • Research compatibility with third-party productivity apps for task management and reminders
    • Design a setup procedure for integrating the smart assistant with user devices and apps
    • Create a flowchart for initiating and managing voice reminders with minimal effort
    • Develop a user guide to voice-activate daily goal-setting sessions
    • Explore third-party skills or routines that can be enabled for accountability
    • Design a system for automated voice prompts reminding users of their accountability commitments
    • Integrate the device's voice announcements with user calendars and task lists
    • Offer guidance on customising alert settings to suit personal preferences and schedules
    • Create scenarios for role-playing accountability partner interactions using voice commands

  • ⛳️ Strategy 3: Implement voice-based productivity tools

    • Research existing voice productivity tools like Dragon Anywhere and Speech Notes
    • Identify tools that offer transcriptions which can be shared with accountability partners
    • Explore integration possibilities between these tools and popular collaboration platforms
    • Design workflows for recording voice notes and converting them into actionable tasks
    • Guide users on how to invite partners to access shared voice content and progress logs
    • Create a method for auto-generating progress reports from voice inputs
    • Develop tutorials on effective use of voice commands for setting goals and reminders
    • Ensure security measures are in place to protect sensitive voice data
    • Install mechanisms for archiving voice session transcripts for later review
    • Provide best practices for voice note-taking to maximise accountability effectiveness
voice-communicationaccountabilityproductivity-advocatedigital-strategistproduct-developmentuser-experience-design
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Strategies and tactics for utilising Football Metaphors to Manage an Investment Portfolio

  • ⛳️ Strategy 1: Balance offensive and defensive plays

    • Identify high-growth stocks like selecting star forwards
    • Include dividend-paying stocks as defenders for stability
    • Diversify investments across sectors like a varied team line-up
    • Mix tech and healthcare stocks to spread risk
    • Research management teams to find strong leaders as team captains
    • Implement a rotational investment strategy similar to player rotations
    • Regularly review portfolio performance with team huddle simulations
    • Apply the Executive-Investment Coach (EIC) top-down approach
    • Conduct macroeconomic analysis like assessing the playing field
    • Stay informed on global economic trends like watching global soccer tournaments

  • ⛳️ Strategy 2: Choose strong economies and companies

    • Select portfolios spread across promising economies like US and India
    • Identify stocks based on their economic growth potential
    • Focus on companies with growing capital per worker
    • Measure steady capital-output ratios over time
    • Evaluate ROE figures, prioritising those above 30%
    • Choose companies based on PE and PB ratios fitting desired criteria
    • Consider monetary policy impacts on sectors like banking and finance
    • Incorporate valuation factors across multiple categories
    • Assess investor sentiment for market timing
    • Monitor geopolitics to exploit industry-specific opportunities

  • ⛳️ Strategy 3: Engage in team-based decision-making

    • Conduct daily team meetings to discuss and deliberate over options
    • Utilise a structured ideation phase for stock selection input
    • Allocate roles within the team for sector-based research
    • Select top competitors of the chosen stocks for analysis
    • Analyse financial statements and ratios for decision making
    • Use technical chart trends for short-term investment forecasts
    • Utilise a custom screener for long-term investment options
    • Discuss and resolve conflicting opinions during team meetings
    • Simulate portfolio testing through various economic scenarios
    • Define a clear process from industry selection to stock segregation
investment-diversificationfootball-metaphorsinvestorfinancial-analystinvestment-management-teameconomic-analysis-team
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Strategies and tactics for helping a junior product manager grow in her career

  • ⛳️ Strategy 1: Provide mentorship and guidance

    • Pair her with a senior product manager for regular mentorship sessions
    • Set up monthly one-on-one meetings to discuss challenges and goals
    • Encourage her to ask questions and seek advice from experienced colleagues
    • Introduce her to industry best practices and relevant resources
    • Highlight areas of improvement and offer constructive feedback
    • Suggest relevant books, articles, and courses for continuous learning
    • Conduct mock presentations to build her confidence and skillset
    • Encourage her to take on small leadership roles within projects
    • Provide her with challenging but manageable tasks to grow her capabilities
    • Create opportunities for her to shadow other senior product managers

  • ⛳️ Strategy 2: Foster a culture of continuous learning and development

    • Encourage her to attend industry conferences and seminars
    • Provide a budget for her to enrol in relevant online courses or certifications
    • Set up a monthly 'book club' with the product team to discuss recent industry literature
    • Arrange for her to participate in product management webinars
    • Create a monthly 'lunch and learn' session where team members share knowledge
    • Encourage her to join product management communities or forums
    • Ensure she has access to the latest industry tools and technologies
    • Support her participation in company-sponsored training programmes
    • Arrange for cross-functional training to broaden her understanding of other roles
    • Help her set up a personal development plan with specific, measurable goals

  • ⛳️ Strategy 3: Offer opportunities for hands-on experience

    • Assign her to real projects with increasing levels of responsibility
    • Encourage her to lead a small project end-to-end with necessary support
    • Provide her with opportunities to collaborate closely with different departments
    • Allow her to participate in user research and analysis
    • Encourage her to run project retrospectives to reflect on lessons learned
    • Involve her in strategic planning meetings to understand high-level decision-making
    • Assign her to attend customer or client meetings to gain direct feedback
    • Rotate her through different product lines to diversify her experience
    • Encourage her to contribute to the product roadmap planning process
    • Have her regularly present project updates or findings to senior management
mentorshipcontinuous-learningproduct-managersenior-product-managerproduct-teamcross-functional-team
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Strategies and tactics for getting on the 1st page of Product Hunt

  • ⛳️ Strategy 1: Engage with the Product Hunt community

    • Create a Product Hunt account if you haven't already
    • Participate in discussions and leave thoughtful comments on product launches
    • Follow and connect with influential hunters and makers in your product niche
    • Upvote and support other products to build goodwill
    • Share insightful posts and industry knowledge in the Product Hunt forum
    • Answer questions and provide value in the Product Hunt topics related to your field
    • Build relationships with top hunters by engaging with their posts regularly
    • Collaborate with community members on related projects or discussions
    • Join relevant Product Hunt meetups and virtual events to network
    • Invite Product Hunt community members to beta test your product and give feedback

  • ⛳️ Strategy 2: Prepare an impactful Product Hunt launch

    • Identify a top hunter who can help with your product launch
    • Create compelling visuals and screenshots for your product page
    • Write clear and concise descriptions highlighting your product's unique features
    • Develop a teaser video to showcase your product’s functionality and appeal
    • Schedule your launch for a Tuesday or Wednesday when engagement is high
    • Prepare a launch checklist to ensure all necessary steps are completed
    • Offer early access to your product to build anticipation
    • Create an exclusive offer or discount for Product Hunt users
    • Reach out to your network to spread the word about your upcoming launch
    • Prepare a series of follow-up posts to keep the momentum going post-launch

  • ⛳️ Strategy 3: Leverage external marketing channels

    • Create a social media campaign to promote your Product Hunt launch
    • Send email announcements to your subscriber list with a link to your Product Hunt page
    • Collaborate with influencers to review and share your product
    • Publish a blog post detailing your product's launch and its benefits
    • Run targeted ads to drive traffic to your Product Hunt page
    • Reach out to press contacts for coverage of your product launch
    • Coordinate with relevant online communities to share your Product Hunt link
    • Utilise relevant forums to post about your launch, mentioning the Product Hunt link
    • Host a live webinar or Q&A session on launch day to engage with your audience
    • Encourage satisfied beta testers and early users to leave positive reviews on Product Hunt
engagementpromotionmarketercommunity-managermarketing-teamproduct-development-team
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Strategies and tactics for developing a brand licensing strategy for consumer products

  • ⛳️ Strategy 1: Identify and target potential licensees

    • Research and compile a list of potential licensees in relevant consumer product categories
    • Evaluate potential licensees based on their market reach, distribution channels, and reputation
    • Develop a pitch highlighting the brand's value proposition and potential benefits for licensees
    • Create personalised outreach messages for each potential licensee
    • Utilise industry events, trade shows, and networking opportunities to connect with potential licensees
    • Conduct meetings with interested licensees to present detailed proposals
    • Negotiate terms of the licensing agreements focusing on alignment with brand goals
    • Set up a database for tracking communication with potential and confirmed licensees
    • Establish a qualification process to ensure potential licensees meet brand standards
    • Regularly review and refine the list of target licensees based on market changes

  • ⛳️ Strategy 2: Develop a licensing framework and guidelines

    • Create a detailed licensing policy document outlining brand usage guidelines
    • Design a licensing agreement template including terms, royalties, and compliance requirements
    • Establish clear criteria for product categories suitable for brand licensing
    • Ensure legal compliance by consulting with intellectual property lawyers
    • Determine brand usage rights and restrictions across different media and platforms
    • Develop brand guidelines to ensure consistency in brand messaging and design
    • Create a monitoring system for enforcing licensing agreements and brand guidelines
    • Set royalty rates and financial terms that align with market standards
    • Provide training sessions for licensees on maintaining brand integrity
    • Develop a dispute resolution process to handle conflicts with licensees

  • ⛳️ Strategy 3: Enhance brand value and market presence

    • Conduct market research to identify trends and consumer preferences
    • Evaluate competitive brands to determine their licensing strategies
    • Innovate brand marketing campaigns to enhance consumer awareness and demand
    • Strengthen online presence through strategic content marketing and social media engagement
    • Collaborate with influencers and media to increase brand visibility
    • Develop promotional events and partnerships to boost brand recognition
    • Gather consumer feedback to improve products and brand messaging
    • Use analytics to track brand performance in different markets and segments
    • Continuously refine brand positioning based on market and consumer insights
    • Invest in product development and innovation to enhance brand portfolio
brand-licensingconsumer-productsbrand-managerlicensing-coordinatormarketing-teamlegal-team
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How to track your Product strategies and tactics

Having a plan is one thing, sticking to it is another.

Setting good strategies is only the first challenge. The hard part is to avoid distractions and make sure that you commit to the plan. A simple weekly ritual will greatly increase the chances of success.

A tool like Tability can also help you by combining AI and goal-setting to keep you on track.

More strategies recently published

We have more templates to help you draft your team goals and OKRs.

Planning resources

OKRs are a great way to translate strategies into measurable goals. Here are a list of resources to help you adopt the OKR framework:

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