Direction
As a North Star, it aligns the team and organization with long-term goals and creates a shared understanding of the product's purpose.
Prioritization
As a guide in agile product development, it assists the team in prioritizing features and user stories based on their fit for the long-term plan.
Risk mitigation
As a Target Image, it helps validate assumptions early on and identify challenges and potential risks during development, allowing for adjustments to the strategy if needed.
Communication & Buy-in
As a tool for communication, it helps to show the main goals of the product and get support and approval from those involved.
Adaptability
As a leading concept, it provides the basis for adapting to changing market conditions and customer needs.
Measurability
As a benchmark, it defines success criteria and helps to make progress measurable and create responsibilities.