How many times have you felt that business/operations/"xyz" dept. folks are ruining the product by controlling what features need to be built rather than focusing on the problem statement.?

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In my view as a product owner you should have all the features and improvement and debt in the backlog and should be prioritise with every realise with the product head. Management always want a feature to deliver but as a product owner you have to store some capacity on fixing the product too.

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