Competitive audit
An overview of your competitors’ strengths and weaknesses
Direct competitors
Companies that have offerings similar to your product and focus on the same audience
Ideation
The process of generating a broad set of ideas on a given topic, with no attempt to judge or evaluate them
Indirect competitors
Have a similar set of offerings but focus on a different audience, or have a different set of offerings and focus on the same audience
Product goal statement
One or two sentences that describe a product and its benefits for the user