The Power of Hindsight in Product Strategy

Hindsight is 2020.

Introduction

The decision to make a fundamental change in strategic direction, whether in re-launching a product, or revamping a service, may depend on several factors. Many companies get a second wind by reinventing themselves to capitalize on a shift in consumer perception, new processes, current trends, new technologies, etc., while others inexplicably plummet to new lows after periods of great success.