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Glossaries

Stakeholder

What is a Stakeholder in Product Design?

A stakeholder in product design is any individual or group that has an interest or concern in the development and success of a product. This includes people who influence or are affected by the product, such as customers, team members, managers, investors, and partners.

Synonyms: interested party, involved party, participant, contributor, key player

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Why Stakeholders are Important in Product Design

Stakeholders provide valuable insights, requirements, and feedback that shape the product's features and usability. Their involvement ensures the product meets business goals and user needs, leading to a successful launch and adoption.

How Stakeholders are Used in Product Design

Stakeholders participate in various stages of product design, including brainstorming, requirement gathering, testing, and review. Designers and product managers collaborate with stakeholders to align the product vision and prioritize features.

Examples of Stakeholders in Product Design

  • Customers who use the product
  • Product managers who oversee development
  • Designers and developers who create the product
  • Marketing and sales teams who promote the product
  • Investors who fund the project

Frequently Asked Questions

  • Who is considered a stakeholder in product design? Anyone with an interest or influence in the product, such as users, team members, and investors.
  • Why involve stakeholders in product design? To ensure the product meets real needs and business objectives.
  • How do stakeholders impact product decisions? Their feedback and requirements help prioritize features and guide design choices.
  • Can stakeholders be external to the company? Yes, customers and partners are common external stakeholders.
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