Adding win-loss analysis to your product management toolbox may be the single most effective change you can make.

I love it when listeners suggest topics to explore on this podcast. One of those is win-loss analysis. This traditionally is considered a sales tool to understand why a customer chose or rejected a product. However, savvy product management groups recognize it as vital analysis for improving products and the customer experience.

To explore the topic, I talked with Mike Smart who teaches organizations to conduct win-loss analysis from a product management perspective and also manages the entire analysis for organizations. He is a product management practitioner and founder of Egress Solutions, which helps companies implement product management best practices that build and launch successful products.