Business Strategy
Business Strategy is about understanding the market, competition, and customer needs, and shaping the product direction. The Product Owner has to be adept at formulating and implementing strategies to drive the development of the product, aligning the product features with the business objectives. …
PSM I - Business Strategy Example Questions
Test your knowledge of Business Strategy
Question 1
Your team is working on developing a transformative e-commerce application. There is a debate about the approach: a feature-based development strategy or a business-results driven strategy. As the Scrum Master, which strategy would you recommend and why?
Question 2
A software company is currently using the 'Waterfall' project management method but is considering transitioning to Scrum due to a rapidly changing business environment. As a Scrum Master, what key point would you highlight to stress the advantages of Scrum over the traditional method?
Question 3
A financial services firm wants to adopt Scrum for its new digital transformation project. The concerned Scrum Master advised the firm to promote transparency in operations. What is the main reason behind promoting transparency?