Aipmm Cdpm Study Guide Module 4 -
Finding And Validating Problems
Questions And Answers With Verified
Solutions 100% Correct Rated A+
1. What are the types of new opportunities?
Optimize: Optimize current products by solving today's problems better.
Defined market with a defined solution. Example: Mobile payments.
Market Driven: Solve emerging problems with a defined problem but an
undefined solution. Example: Electric Vehicles (EVs).
Tech Driven: Leverage cool new technology with a defined solution but an
undefined problem. Example: Google Glass.
Visionary: True conceptual work with an undefined problem and an
undefined solution.
2. What is Product Market Fit, and what do we validate?
Valuable: Do customers want this? Ask, "How would you feel if you could
no longer use this product?"
Viable: Should we do this? Can we make enough money?
Feasible: Can we do this? Is it technically and legally possible?
3. What is Build-Measure-Learn Validation?
Build-Measure-Learn is how we validate Product Market Fit. You go
through this process to create your hypothesis, build your product, measure
what works and doesn't work, and then make changes to improve. Product
market fit is continuously validated by this loop.
4. What is a Persona?
Finding And Validating Problems
Questions And Answers With Verified
Solutions 100% Correct Rated A+
1. What are the types of new opportunities?
Optimize: Optimize current products by solving today's problems better.
Defined market with a defined solution. Example: Mobile payments.
Market Driven: Solve emerging problems with a defined problem but an
undefined solution. Example: Electric Vehicles (EVs).
Tech Driven: Leverage cool new technology with a defined solution but an
undefined problem. Example: Google Glass.
Visionary: True conceptual work with an undefined problem and an
undefined solution.
2. What is Product Market Fit, and what do we validate?
Valuable: Do customers want this? Ask, "How would you feel if you could
no longer use this product?"
Viable: Should we do this? Can we make enough money?
Feasible: Can we do this? Is it technically and legally possible?
3. What is Build-Measure-Learn Validation?
Build-Measure-Learn is how we validate Product Market Fit. You go
through this process to create your hypothesis, build your product, measure
what works and doesn't work, and then make changes to improve. Product
market fit is continuously validated by this loop.
4. What is a Persona?