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What are the key signs that a company or product might be heading towards failure?
How can a company avoid these issues, and what role do employees play in such situations?
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Vaibhav
When there's no clear roadmap or direction that is mutually agreed upon.
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I experienced working on a really good product but it never took off to production due to many revisions - conflicting ideas between founders and co-product owners has resulted to a lot of rework and too evolving product roadmap.
@johndavid9991 I get it. It’s frustrating because, as employees, there’s not much we can do to make it happen.
Launching soon!
I believe lack of vision from the top contributes toward the failure.
The failure to find the product-market fit: if for months a company can't determine whom they're selling the product to.
If the retention and activation rates are low and the company is not addressing the problem.
If users show no eagerness to pay and the company isn't trying to tackle it.