Understanding Users and Markets module icon - Product Management course

Understanding Users and Markets

User and market understanding is the foundation of great product management. Without it, everything else is guesswork.

150 minutes30 lessons

Lessons

1

Why user & market understanding matters

2

The difference between user needs and wants

3

How to calculate TAM, SAM, and SOM for market sizing

4

Understanding competitor types

5

How to run competitive analysis

6

How to scan for market trends

7

Understanding user segmentation basics

8

How to create practical user personas

9

What is Jobs-to-Be-Done (JTBD)?

10

How to create customer journey maps

11

How to uncover user pain points

12

Prioritizing customer problems

13

Qualitative research methods overview

14

How to run good interviews

15

Common interview mistakes

16

How to design effective surveys

17

How to extract insights from quantitative data sources

18

Triangulation of insights

19

How to synthesize research into actionable insights

20

What are fast, scrappy research methods?

21

User research tools for solo product managers

22

Using AI to process research

23

The continuous discovery habit

24

Customer empathy in practice

25

User archetypes vs stereotypes

26

When to do 'just enough' research

27

Research in B2C vs B2B

28

Red flags in research

29

How to present research insights to stakeholders

30

Why research gets ignored

Context and why it matters in 2026

User and market understanding is the foundation of great product management. Without it, everything else is guesswork.

In modern product teams, progress depends on clear playbooks and measurable outcomes. This module gives you practical steps you can apply immediately while keeping alignment with the broader Product Management Foundations curriculum.

Step-by-step playbook

  1. Step 1: Why user & market understanding matters
  2. Step 2: The difference between user needs and wants
  3. Step 3: How to calculate TAM, SAM, and SOM for market sizing
  4. Step 4: Understanding competitor types
  5. Step 5: How to run competitive analysis
  6. Step 6: How to scan for market trends

Templates and examples

  • Qualitative and quantitative research methods
  • How to avoid bias in research
  • Using AI tools for discovery
  • Synthesizing insights into direction

If you are working on AI-enabled workflows, review the glossary terms Prompt library and Reflection loop for reusable implementation patterns.

Metrics to track

  • Module completion rate from first to last lesson.
  • Lesson-to-lesson progression drop-off points.
  • Time to complete versus the estimated 150 minutes.
  • Retention into the next module and downstream lesson activity.

FAQ

Who is this module for?

This module is designed for learners following Product Management Foundations, especially if you want to improve understanding users and markets with practical, repeatable steps.

How long does this module take?

Estimated completion time is 150 minutes across 30 lessons.

How should I study this module?

Complete lessons in order, apply one concept immediately in your current project, and review your progress using the metrics section below.

What should I do after this module?

Continue to the next module, then read the related articles to deepen your understanding with tactical examples and case studies.

Part of Product Management Foundations

The best course to master PM essentials, perfect for aspiring or junior product managers who want solid foundations.

View full course

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