Marginal gains refer to the small improvements made in various aspects of a product or service that, when combined, result in significant overall improvement. It is a concept that originated in the world of sports, particularly cycling, where teams look for small improvements in equipment, training, and nutrition to gain an edge over their competitors.
The concept of marginal gains has been widely adopted in product management, where it is used to drive continuous improvement in product development. Product managers use this approach to identify small improvements that can be made in various aspects of the product, such as design, functionality, user experience, and performance.
By focusing on small improvements, product managers can avoid the risk of making major changes that may not be well-received by customers. Instead, they can make incremental improvements that are more likely to be accepted and appreciated by customers.
Here are some examples of how marginal gains can be applied in product management:
The benefits of marginal gains in product management are numerous. By focusing on small improvements, product managers can:
Marginal gains are a powerful concept that can be applied in product management to drive continuous improvement in product development. By focusing on small improvements, product managers can improve the overall quality of the product, enhance the user experience, and increase customer satisfaction and loyalty. As such, it is a concept that every product manager should be familiar with and strive to apply in their work.