Achieving Product-Market Fit
Achieving product-market fit means developing a product that meets market demand and drives customer satisfaction. It's a crucial phase for startups and established companies, indicating that the product has a sustainable, growing market.
Slack, the messaging app for teams, achieved product-market fit by continuously iterating on user feedback to refine its features. This focus on user needs and market demand helped Slack grow from a niche product to a widely used communication tool in businesses worldwide.