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What is churn rate

To maintain a healthy business you just need to figure out how to avoid churn getting out of control. There are several strategies to reduce churn: 1. Improve the customerSee more

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URL: https://blog.logrocket.com/product-management/churn-rate-formula-definition-how-to-reduce/

The Ansoff matrix: Comprehensive overview with examples

WEBThe Ansoff matrix is one of many manifestations of a 2×2 matrix that helps with product decision making. Being visually-oriented, the Ansoff matrix is especially …

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What are critical success factors

WEBA critical success factor (CSF) is a specific element or activity that is deemed essential for an organization to achieve its mission or goal. In product management, …

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Application performance monitoring (APM): Tools, metrics, and …

WEBApplication performance monitoring (APM) is the practice of measuring, analyzing, and optimizing an application’s performance. This process involves tracking …

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What is a steering committee

WEBA steering committee is a group of senior leaders who are responsible for providing oversight and guidance on strategic initiatives. The committee is typically …

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What is an aha moment

WEBIn the context of digital product management, an aha moment is a pivotal point in a user’s experience when they truly understand the value and potential of a …

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What is requirements gathering

WEBRequirements gathering is the part of the software development life cycle where the team collects all the relevant information needed to build the software. This …

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What is containerization

WEBBy definition, containerization is the process of packaging all required files and libraries with the software code for deployment as a “container.”. This approach …

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How to implement a health check in Node.js

WEBHealth is really important. There is a popular saying that health is wealth — this is true even in software engineering. Like living things, an application can be broken, …

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An introduction to site reliability engineering (SRE)

WEBSystem reliability engineering can be traced back to the early 2000s when Google was experiencing rapid growth and faced system outages and performance …

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Herzberg’s two-factor theory of motivation-hygiene: An overview

WEBThe two-factor theory, also known as Herzberg’s motivation-hygiene theory, supposes that when it comes to our work lives, there are different, mutually exclusive …

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Value stream mapping: Examples, process, template, and symbols

WEBValue stream mapping is a lean tool that documents the step-by-step processes required to bring a product or service to market. It helps visualize, analyze, …

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How to write a product status report (with template and examples)

WEBA status report should be brief with key points outlined in a manner that enables the reader to capture key points at a glance. The content should be no longer …

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Top 6 tools for Node.js monitoring

WEBPM2. PM2 is a Node.js monitoring tool that enables the monitoring of Node.js application performance in production. It allows you to keep your application …

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What is market segmentation

WEBNetflix’s mastery of behavioral segmentation. Streaming service Netflix provides an excellent example of behavioral segmentation. By collecting extensive data …

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How to use AI for faster prototyping

WEBThe image-to-design AI transforms paper sketches into editable designs. It eliminates the need for paper-to-computer transcription, seamlessly connecting physical …

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The product process matrix (PPM): Definition, examples, and …

WEBThe product process matrix helps us understand the optimal production process based on the volume of items produced and the customization required. In …

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How to identify and analyze market opportunities

WEBThe first step is for the product manager to clearly define the objective behind the market opportunity analysis initiative. This could be identifying new target markets or …

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Cause and effect analysis with a fishbone (Ishikawa) diagram

WEBThe tool helps in identifying the potential causes that could have caused the problem. A sample fishbone diagram looks like this: It is called a fishbone as it looks like …

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