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University of Maryland, College Park

Establishing Product-Market Fit

Entrepreneur and investor Marc Andreessen coined the term product-market fit in 2007 when he said, “Product-market fit means being in a good market with a product that can satisfy that market.” While there are ample articles that mention the term, detailed guidance on how to actually achieve product-market fit is scarce. Through our course we will explore an actionable model that defines product-market fit using five key components. From bottom to top, we will examine the layers of product-market fit beginning with your target customer and transitioning through your customer’s underserved needs, your value proposition, your feature set, and ultimately your user experience (UX). Our process is an iterative, easy-to-follow guide through each layer to achieve product-market fit. This process helps you to articulate, test, and revise your key hypotheses about your product and the market so you can define and improve your product-market fit. Using the principles of Lean Product Process, our course is structured in seven steps: determining your target customer, identifying underserved customer needs, defining your value proposition, specifying your minimum viable product (MVP) feature set, creating your MVP prototype, testing your MVP with customers, and iterating to improve product-market fit.

状态:Target Audience
状态:Value Propositions
初级课程小时

精选评论

SP

5.0评论日期:Oct 6, 2024

Provided Good understanding about product market, how to analyze and do market segmentation. Doing the user testing by taking user interviews.

AS

5.0评论日期:Sep 7, 2023

I got many insights from this course that can be used for my job right now. I am really recommend this course to fellow students out there to getting know more about product-market fit.

JA

5.0评论日期:Dec 18, 2021

A very good and effective deliverable presentation, I have gain more knowledge. Thank you!

OL

5.0评论日期:Aug 3, 2022

This is the best course I have taken in this series. My god, I'm almost speechless. If only my laptop hadn't been faulty

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