5. Market phase
The market as a permanent teacher.
This section contains the operational guide for executing Phase 5. While the methodology section explains the why and the concepts, this guide details the how: the concrete steps, templates, artifacts, and validation criteria.
The Market Phase workflow
Market Phase operates as a system of nested loops with different cadences: the innermost captures signals continuously and automatically, the middle one interprets them weekly and monthly, and the outermost reviews strategy quarterly. The five steps ensure that market learning produces tangible action: each signal is captured, interpreted, updates the Context Document with full traceability, and feeds the next cycle through the Iteration Brief.
1. Measurement system activation
KPI Register connection to verified data sources with precise formulas and defined alert thresholds.
Connected KPIs + operational Signal Log2. Signal capture
Continuous background system. Three ingestion layers: automatic (KPIs), structured (feedback), and contextual (market).
Fed Signal Log3. Signal interpretation
Does it confirm or refute an assumption? What causes it? What context element must change? Five whys technique.
Classified signals4. Context Document update
Tangible update of Rules, Story Files, or PRD with full traceability to the originating signal.
Context Update Record5. Iteration Brief
Document closing the learning cycle: what was learned, what changed, and what the next cycle focus is.
New cycle openingPhase artifacts
This phase produces five artifacts that operate as an integrated system: signals are captured, interpreted, update the Context Document with full traceability, and feed the next cycle through the Iteration Brief.
Signal Log
Context Update Record
Iteration Brief
KPI Dashboard
Context Document (living version)What this guide covers
Step by Step
A five-step continuous process from measurement activation to Iteration Brief. Nested loops with weekly, monthly, and quarterly cadences.
Anatomy
The structure of the continuous learning cycle. How signals flow from capture to interpretation to context updates.
Artifacts
Signal Log, Context Update Record, Iteration Brief, KPI Dashboard, and living Context Document. The integrated measurement system.
Gate Review
Seven health criteria for continuous monitoring. Validates that the learning system produces tangible action, not just data.
Anti-patterns
Common failure modes in market iteration. From dashboard blindness to signal paralysis and context that never updates.
Effort
Time investment by cadence type. Weekly reviews, monthly synthesis, and quarterly strategic sessions calibrated by team size.