product-iteration

Vocabulary Word

Definition

'Product iteration' is all about making changes and improvements to a product. You make a version, test it, learn from it, and make a better version. It's like leveling up a video game character!

Examples in Different Contexts

In consumer electronics, 'product iteration' involves the release of updated versions of a device with improvements and new features. A product manager might discuss, 'Through careful analysis of market trends and customer demands, each product iteration seeks to strengthen our brand's market position and satisfy consumer needs.'

Practice Scenarios

Business

Scenario:

We've been receiving quite a few suggestions about our new smartwatch. Maybe we should consider these for our next update.

Response:

I agree, user feedback is crucial for our product iteration. Let's devise a plan with a focus on the most requested features.

Tech

Scenario:

The new system update has experienced fewer crashes. But there's a need for performance tweaking for smoother operation.

Response:

You're correct. We should make load time reduction a top priority in the next product iteration.