Prioritize ruthlessly! Tackle critical bugs first, allocate dedicated resources for fixes, and use timeboxing to stay on track. Investigate root causes to prevent recurring issues. Communicate transparently with stakeholders and stay agile to adjust your roadmap as needed. This balanced approach keeps your product stable while allowing continuous improvement and innovation.

Start with creating buckets of innovative features, improvements and bug fixes and then plan every next sprint which should choose percentages from all these buckets.

Agile allows you to manage the entire roadmap in the form of sizable MVP's to allow for continuous delivery along with periodic bug fixes to balance the immediate scenario. Along with this having ALM, Automation tools can help with the continuous monitoring and tracking aspect- 1. Implement Automated Testing: Set up automated testing to identify bugs and regressions early. 2. Use a Bug Tracking System: Utilize a bug tracking system (e.g., JIRA, Trello) to track and prioritize bugs. 3. Prioritize Bugs: Prioritize bugs based on severity, impact, and customer visibility. 4. Assign Bug Fixing Tasks: Assign bug fixing tasks to developers, ensuring they have clear guidance on prioritization and deadlines.

Balancing bug fixes and innovation is a constant juggling act. Bugs erode user trust and need quick fixes. However, focusing solely on bugs stifles future growth. I prioritize by assessing bug impact (severity and frequency). Critical bugs get immediate attention, while less impactful ones are scheduled. 1 For innovation, I allocate dedicated time, even small sprints, ensuring it doesn't get completely sidelined. Think of a restaurant: fixing a leaky roof (bug) is urgent, but neglecting to update the menu (innovation) will eventually lead to losing customers. A good manager fixes the roof promptly but also plans exciting new dishes.

Balancing immediate bug fixes with future innovation requires a strategic approach. Prioritize critical bugs that impact user experience or security, ensuring the product remains reliable. Simultaneously, allocate resources to develop new features that align with business goals and customer needs. Implementing a prioritization framework, such as a prioritization matrix or weighted scoring, can help in making informed decisions. Regularly review and adjust priorities based on user feedback and market trends to maintain a balance between stability and growth.