Some good examples of goals that a product team should set for itself is "x failure percentage of new product", where 'x' is the number that is determined by the team. Here, failure can be further divided into quality, technology and design, giving three possible objectives.Continue Reading
Another good objective that a product team can set for itself is in terms of new product sales. This would reflect how well the product is received by the public. For example, the goal could be "x percentage new product sales", where 'x' is the number determined by the team.
Any objective that is set should follow the SMART formula. SMART is short for Specific, Measurable, Achievable, Realistic and Timely. The goals set by the product team should also include aspects of safety, if applicable.Learn more about Marketing & Sales