MET Institute of PGDM recently hosted a session on "Achieving Problem Solution Fit & Product Market Fit" featuring Dr. Mike Ivanof, President & CEO of Global Box World, on February 22, 2024.

During the session, Dr. Ivanof underscored the crucial importance of attaining both Problem-Solution Fit and Product-Solution Fit to ensure business success. Problem-Solution Fit revolves around addressing a significant problem for the target audience, while Product-Solution Fit entails delivering a solution that not only resolves the problem but also brings delight to customers.

To achieve these fits, he highlighted the significance of research, continuous testing, and making small improvements. Successfully attaining these fits can lead to increased customer satisfaction, retention, and overall business growth. Dr. Ivanof discussed six key factors essential for business success, emphasizing the need for a well-aligned solution to customer needs and continuous improvement through testing and refinement.

The session concluded with an interactive Q&A session, providing participants with the opportunity to delve deeper into the insights shared by Dr. Ivanof.

Tags: MET Institute of Post Graduate Diploma in Management