Product strategy

You have a great idea. But do you have the strategy to bring that idea to life?

We help you build the right product, right from the start. Our end-to-end product strategy services ensure your vision is clear, viable, and actually meets a market need. You gain the confidence to execute your launch and the clarity needed to speed up time to value.

Why this work matters now

If everything is a priority, then nothing is truly aligned.

This sort of internal uncertainty is exactly why the stakes for new product development (NPD) are higher than ever before. Users demand great experiences with zero friction. And the cost is simply too high for guesswork. Having a plan in place is your best bet for ensuring you’re building the right product for your users and their needs. Otherwise, you may end up paying the price.

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What happens when you don’t prioritize product strategy

There are plenty of reasons why new products fail:

  • No clear vision was established
  • Long-term growth objectives weren’t considered
  • Poor product-market fit
  • Slow launch cycle
  • Low adoption
  • Poor or disjointed user experience

While the list goes on, it’s important to realize that, with a proper product strategy, all of these can be avoided.

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Codal’s perspective on product strategy

There’s no magic button for turning ideas into successful, market-viable products. We believe that it’s an in-depth process rooted in data, collaboration, and common understanding. And our product strategy services do just that.

We take an end-to-end approach to product development, finding the “why,” before digging deeper into the market, priority features, and roadmap creation. Throughout the entire process, we actively prioritize stakeholder alignment and inform important resourcing decisions so you can be confident the end product actually achieves your goals.

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Vision & value proposition

Establishing the “why” and “for whom” of your product sets the entire foundation for success. To do this, we have real, in-depth conversations with your users through stakeholder interviews and alignment workshops to understand their needs. We then map out how their needs align with your business’s current and future goals. Why? Because launching a product that doesn’t actually meet user needs won’t help you meet yours.

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Market & competitive analysis

Data should inform all aspects of your new product, and we help you get there. We dig deep into your product’s market landscape and competitor activity to understand strengths, weaknesses, and everything in between. Because without a unique competitive edge, your product can end up getting lost in the shuffle.

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Feature prioritization & MVP definition

We help you reduce risk by identifying which functionality to build first for a minimum viable product (MVP). This essential step enables us to test the product and gather feedback in a quick and cost effective way, and then make changes where necessary. Because with clear prioritization, your vision is brought to life faster and more seamlessly.

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Product roadmapping

A product launch is only as successful as the process behind it. We build a roadmap that serves as the single source of truth for releases, milestones, and more, to keep your team (and ours) on track, aligned, and ready to execute. Without a North Star, you’re more likely to get lost along the way.

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Stakeholder alignment & governance

Don’t get bogged down by repetitive conversations, unclear processes, or misaligned responsibilities. We help you establish the right decision making and governance structure to ensure your team is aligned and ready to drive product initiatives forward. Because internal friction doesn’t help move the needle.

How our process works

1

Research

A new product’s success isn’t based on guesswork. We know that better than anyone else. We are diligent in our research and leave no stone unturned when it comes to learning what your users need, what your business goals are, and the market void you’re trying to fill. Through stakeholder and user interviews, product-market fit evaluations, competitive benchmarking, SWOT analysis, market opportunity and trend analysis, and more, we lay the foundation for a successful product.

2

Prioritization

It’s nearly impossible to include everything in an initial product launch. By aligning which priorities, features, or functionalities are absolutely essential for launch, we help you quickly meet user needs, solve their problems, and bring immediate value. Through MVP scoping workshops, product requirement documents (PRDs), MoSCo or RICE prioritization matrices, phased feature sequencing, and more, we ensure your money is being spent on the highest-impact features.

3

Roadmapping

Our roadmaps don’t just provide a snapshot of what we’re building. We clearly link each item to your overall product strategy and short- and long-term business goals so that everyone involved is aligned, informed, and ready to execute. We provide multi-quarter roadmaps, cross-functional initiative alignment, roadmap visualizations, and more, to enable confident decision making and predictability in delivery.

Why teams chose Codal to define their product strategy

We help you build products that truly lead to positive outcomes. Whether that’s increased revenue, streamlined processes, or expanded capabilities, you can count on us to deliver.

Our team of strategists, developers, and designers have experience in just about every industry. From healthcare to finance, eCommerce, automotive and logistics, manufacturing and distribution, and more, we help you build a product strategy and roadmap that achieves real results.

And it’s not in our nature to leave once your product officially comes to life. We’re focused on creating long-term partnerships with our clients and helping you grow every step of the way.

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Don’t launch a product that’s not properly thought out.

The foundation of every successful product is a clear strategy. Without it, there are risks and they’ll cost you. We make sure that doesn’t happen.