Strategic Development Share
SaaS
Product Management
What is Strategic Development Share?
The majority of the overall development capacity should always be allocated to the development of new features to ensure the product is continuously improved and revenue can be generated. As opposed to customer-specific development, strategic development includes features and functions that are valuable to most users and thus the investments in the development are easily counterbalanced by the created value.
Strategic Development Share Formula
Strategic development share = Strategic development share / Total development capacity * 100
Strategic Development Share Unit
Strategic Development Share is expressed as a percentage (%).
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More about Strategic Development Share
Strategic Development Share is a crucial metric that evaluates the proportion of resources and efforts allocated to long-term strategic initiatives within an organization. This KPI helps businesses assess their commitment to innovation, growth, and competitive advantage by focusing on projects that drive future success. Understanding Strategic Development Share involves analyzing investment in research and development, new product launches, market expansion, and other forward-thinking activities.
How to visualize Strategic Development Share?
Strategic Development Share can be visualized as a data card, showing the current value. Or you can use bar charts to see trends and to compare your current value with previous time periods.
Strategic Development Share visualization examples
Strategic Development Share
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Recommendations to improve Strategic Development Share
- Invest in Research and Development: Allocate a specific budget for research and development to ensure that the company is constantly innovating and developing new products and services. This will help increase the company's strategic development share KPI.
- Expand the Customer Base: Develop a marketing strategy to attract new customers and expand the company's customer base. This will help increase the company's revenue and strategic development share KPI.
- Improve Customer Retention: Develop a customer retention strategy to ensure that existing customers remain loyal to the company. This will help increase the company's revenue and strategic development share KPI.
- Collaborate with Industry Leaders: Collaborate with industry leaders to develop new products and services that meet the needs of the market. This will help increase the company's strategic development share KPI.
- Invest in Employee Training and Development: Invest in employee training and development to ensure that employees have the skills and knowledge necessary to develop new products and services. This will help increase the company's strategic development share KPI.
