A Product Stack (PS) is the collection of solutions (or tools) that a product manager can use to deliver a product into the marketplace as quickly and efficiently as possible. This is also known as “development toolkit,” “development stack,” “toolkit,” or “tech stack.” Examples of solution categories you may find in the product stack of a company include consumer surveys, roadmapping software and others.
Your team can also arrange the tools contained within the stack in a variety of configurations. Many are categorized solely as software applications. As a company owner, you may utilize them broadly throughout an organization, or they may be bespoke and used only by the development team.
Furthermore, some are abstract (for example, applying corporate principles) and involve actions being carried out by different parties. Many of the remaining mechanisms will be policy-guided mechanisms formed through best practice and set norms within the market.
The Importance of a Solid Product Stack
Your product team needs the right tools to bring your business to its full potential. The product stack is a critical component for intelligent and efficient teamwork that results in better and more profitable products based on market needs.
Well-assembled product stacks can help product teams and managers in a variety of ways. Firstly, it provides them with the right resources and empowerment with a clear view of the market to form the product that answers the market’s needs. With the ability to create the proper prototype, roadmap, or even an industry study, your product teams can increase their understanding of the market and the product and therefore make it better.
How to Use Product Stacks
The first step toward proper product stack usage will be ensuring that the solutions you include in it help answer questions like: where does my target audio come from? What problems do they find in my product? Maybe some parts of it are somewhat misleading or unclear. What will make them want to subscribe as a paying customer of the product?
To do that, there is an extensive range of tools available to product managers who use the product stack effectively. These include analytical software designed to track user activity, applications for road mapping project progression, programming languages, consumer surveys, recording software (or even hardware) that captures consumer interviews, market research papers written by specialists, messaging applications for working in concert, office-based programs that facilitate communication, and public relations programs.
It is vital to understand that each product stack is unique to each organization and can comprise any number of various resources depending on the situation. Although, consideration should always be given to elements such as product analytics, progress tracking, and road mapping. Additionally, the nature of the product itself, the scope of the project, including its bounds and restrictions, and even the overarching strategic objectives of the business will impact the components of the stack.