A product strategy is a high-level document that spells out what you intend to achieve and all that your teams have to do to make it possible. It is a plan that dictates the steps that promote the achievement of the ultimate goal(s) of a product. It serves as a guide when trying to make key decisions on the product. There are different types of product strategy, including: Differentiation strategy (aimed at making a product stand out from rivals) Differentiating strategy is aimed at delivering a high quality product at the most affordable price. A strategy is useful for deciding themes and epics to work with.”]
Source: https://hackercombat.com/what-is-product-strategy-and-how-do-you-develop-one/