Certainly, I'll address the product growth problem for Dunzo using the structure and guidelines you've provided. I'll approach this as if I'm directly speaking to the interviewer in a senior product leadership interview.
Introduction
To double Dunzo's customer base, we need to develop a comprehensive growth strategy that leverages the company's strengths, addresses current limitations, and capitalizes on market opportunities. I'll outline a structured approach to achieve this ambitious goal, focusing on user acquisition, retention, and engagement.
Step 1
Clarifying Questions (3 minutes)
Why it matters: This helps determine if we should focus on optimizing existing services or exploring new markets. Expected answer: Yes, focusing on the core delivery service. Impact on approach: We'll prioritize improving and scaling the current offering.
Why it matters: The timeline affects the aggressiveness of our growth strategies. Expected answer: 18-24 months. Impact on approach: We'll balance short-term tactics with longer-term strategic initiatives.
Why it matters: This information helps identify underserved segments or regions for targeted growth. Expected answer: Primarily urban, young professionals in major Indian cities. Impact on approach: We may explore expansion to tier-2 cities or focus on increasing penetration in existing markets.
Why it matters: Understanding current metrics helps set realistic growth targets and identify areas for improvement. Expected answer: Customer Acquisition Cost (CAC), Monthly Active Users (MAU), Retention Rate. Impact on approach: We'll focus on optimizing these metrics to drive sustainable growth.
Tip
I'll take a moment to reflect on these answers before proceeding with my analysis.
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