Product Vision

Vision Definition

A picture of success of a project at a particular point in time.

It should be:

  • Inspiring
  • Technically sound
  • Documented
  • Communicated

A focused vision needs to be both

Practical (tell it) and Emotional (sell it)

Personal – Corporate – Product Vision

The most persistent visions are the ones that we emotionally embrace. Our emotions are part of our subconscious and thus part of ourselves and not something we can physically express at the early stages. If we study the above diagram we can summarize that our past experiences (personal and professional) and our ability to fantasize give us ideas. Those ideas when coupled with will and pragmatic analysis product a vision. A vision that is constantly reinforce becomes a goal.

People who ‘buy into’ your vision are the people you want on you team. They are the producers and the consumers of your product.

Agile Methodologies for Product Vision

Business Model Canvas

The Business Model Canvas is a strategic management and entrepreneurial tool used to develop new or document existing business models. It is a visual chart with elements describing a firm’s or product’s value proposition, infrastructure, customers, and finances. It allows entrepreneurs to describe, design, challenge, invent, and pivot their business model. It assists firms in aligning their activities by illustrating potential trade-offs.

No.Producer Benefit
Revenue Identification
1Customer segments
2Value proposition
4Customer relationships
5Revenue streams
Cost Identification
6Key activities
7Key resources
8Key partners
9Cost structure×2251/94bdd85692/bmi_2022_ppt-canvasses_business-model-canvas.png

Lean Canvas

The Lean Canvas is a strategic business model created by Ash Maurya that helps entrepreneurs quickly develop and communicate their business ideas. It is a one-page document that helps entrepreneurs identify and prioritize the key elements of their business.

The Lean Canvas is composed of nine boxes that represent the key elements of a business. These boxes include customer segments, value propositions, channels, customer relationships, revenue streams, key metrics, key resources, key activities, and cost structure.

The Lean Canvas highlights aspects of a business that are essential for success and allows entrepreneurs to quickly adjust their business plans based on customer feedback.

Value Proposition Canvas

The Value Proposition Canvas is a tool used to design and develop a product or service that provides value to customers. It is a visual tool that allows companies to map out their value proposition in a structured way, by identifying the customer’s problem, their needs, and the product or service features that solve their problem.

The canvas also helps to identify the customer segments the product or service is designed to serve, the customer’s job-to-be-done and the channels through which the product or service is delivered.

It is a valuable tool for entrepreneurs, product managers, and marketers, as it helps to create a clear understanding of customers’ needs, and how to develop a value proposition that meets those needs.

Product box group activity

Product box vision tool is a software development tool that helps software developers and stakeholder visualize their software product as a 3D box. It allows developers to create a 3D representation of their software product so they can better understand the entire product architecture, the relationships between components and the overall impact of the features. It also helps them to identify potential weaknesses and areas that need improvement.

The product box vision tool can be used to quickly create detailed diagrams of the product, as well as to analyze the user experience and feedback from customers. The tool can also be used to create product roadmaps and to help prioritize development tasks.

Front of Box

Product Name

Product Image

Obvious target customer

Obvious value proposition fro the target customer

Back (and sides) of the Box

More detail about the features

Information relevant to different customers

Elevator Pitch

Vision Elevator Pitch Tool is a simple yet powerful tool designed to help entrepreneurs, startups, and small businesses create an elevator pitch that clearly outlines their vision.

Fill in the gaps in the below sentence and then rewrite it a one, or two sentences. Come back to it, examine it and amend.

For …[target audience]

who …[need,want]

[product name] is a …[market category]

that …[one key benefit]

unlike …[competition or current situation]

our product …[competitive advantage]