Defining a vision, a set of goals and initiatives are important, but one thing that is missing is use cases. Some PMs don't define them because they can be a bit redundant or simply unnecessary, depending on the product and target market, but some companies and products absolutely do. Many large software companies have sales forces that hone in on use cases as part of their sales process.
It would be very nice to, like goals or initiatives, be able to create and define use cases and then be able to relate them to features and releases.
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