I write about this in my book “Building Insanely Great Products: Some Products Fail, Many Succeed…This book is their Story” available on Amazon. Now Available in Paperback: Building Insanely Great Products on Amazon
Many companies have a framework they follow, and as a result, they move up the “process maturity curve.” Others have not or follow a weak framework or do not follow it very well.
As a result, as one VP at a company that had 5 product failures in a row said, “If you don’t have a process, then the company creates a culture of blame.”
Here is a set of 16 questions to ask about your process: 16 Questions to Assess Your Product Management Life Cycle