Navigating Product-Market Fit for Success
Achieving product-market fit means creating a product that solves a significant problem for a sizable market. It's a crucial milestone for product managers, indicating that the product meets real customer needs and has a viable market.
Spotify, a popular music streaming service, achieved product-market fit by offering an extensive library of music that was easily accessible and personalized for each user. This met a significant need for music lovers, ensuring Spotify's success in a competitive market.