![]() Is their workforce shrinking? That’s usually a bad sign. Did they raise a large round? That’s usually a good sign. Instead, we have to look for certain milestones in their company history. Since we are only really able to observe how well our competitors are doing from the outside, there is no way to really know the answers to questions such as the financial performance of your competitors (if they are private companies). That’s a great question, but the answer is complicated. One of the questions that burns in all of our minds is – how do I know how well my product compares to my competition? They serve as a great example to study products.Įven though most of my work (and possibly yours) is based in software, tangible products (cars) often provide great examples for learning lessons in product strategy and success. What’s also great about cars is that everyone knows what they are. It’s something that will always be in my DNA. It started with toys then graduated to RC (remote controlled) models that I built myself from scratch and ultimately graduated to rebuilding classic muscle cars. Since I was a little kid I’ve been fascinated by them.
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