article thumbnail

500: Evolving trends in product management: What every PM and VP Needs to Know – with Tony Ulwick

Product Innovation Educators

He was part of the team that created the PCjr, a product that flopped badly. Even better, if these criteria stayed the same over time, we could use them to guide long-term product development. They help team members understand how to use the data effectively. This idea became the foundation of Outcome-Driven Innovation.

article thumbnail

Product Failure is An Opportunity

The Product Coalition

Pivoting done well means the team doesn’t lose direction and can build on the insights for new product development. The product team discovered that visitors mostly used the video upload feature and stripped down all other features over time. “Fail faster” is something nobody really wants. They called the product “Twttr”.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Let’s Talk About Faster Horses

The Product Coalition

The quote is attributed to Ford himself for the first time in a letter sent to the UK publication Marketing Week in 2001: “Being market-led implies being led by the consumer — and consumers are bad at coming up with innovations (Henry Ford’s quote: “If I had asked my customers what they wanted they would have said a faster horse” springs to mind…).”

article thumbnail

TEI 214: Want more innovation? Build a partner program – with Ed Krause

Product Innovation Educators

He has global responsibility for developing cutting edge technology and competitive advantage for Ford by developing relationships and collaborative projects involving universities and partner companies. My team is responsible for our global R&D alliances with universities, national laboratories, and a few companies.

article thumbnail

What is Self-Awareness and why Should you Care?

Mind the Product

In 2006, Alan Mulally took over as president and CEO of a struggling Ford Motor Company. But, when asked about the greatest moment of the turnaround, Mulally says it was when his executive team started being comfortable enough with him to tell him the truth. Alan Mulally, former CEO of Ford Motor Company. What is Self-Awareness Anyway?

article thumbnail

5 Machine Learning Lessons for Product Managers

Mind the Product

Secondly, as great product managers are also great capacity builders for their teams, you should start looking for opportunities that AI can present for your product. That’s why it’s incredibly important to develop a good level of empathy and user understanding, not only for yourself, but for the whole team.

article thumbnail

10-30-50 Product Management—Shreyas Doshi, Product Lead at Stripe

PMLesson's Ace the PM Interview

in 2006 as my first PM job. Despite my initial concerns about working on ads, I found that AdWords was a spectacular team to work on, mainly because it had great people. You also need to work on minimizing your weaknesses. In my own personal case, I was naturally very strong on product sense and extremely weak on execution.