This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
The core focus of these activities is on thorough market research, continuous customer engagement, and strategic product development. Building the Foundation for ProductVision This activity serves as a bridge between problem validation and productvision development.
I became a product manager because I wanted to take a more strategic role at my company. First, I did not know how to frame, develop and present productstrategy in a systematic way, and second, as a startup, my company has not historically had a good track record of strategy being developed outside of senior management (read: founder).
“Our vision is to be the best!” If you’ve ever sat through a company strategy meeting and left with your head spinning, you’re experiencing a common problem. First, there’s the vision – those sweeping statements that try to inspire but end up saying nothing. Want to get better at ProductStrategy? Everything!”
These interactions weren’t just about immediate product needs – they focused on building long-term partnerships and ensuring customers saw value in the productvision and roadmap. This position was a departure from hands-on product work to leading through others and shaping organizational direction.
At Headspace back in 2016, we had established our product roadmap and success metrics and our mission and vision, but teams were still confused about why we were working on the projects we chose. I worked closely with a seasoned board member to trace this back to a lack of productstrategy—both articulated and aligned.
Document issues or friction points. Recommended Templates ProductStrategy & Roadmap Review : Uncover your biggest alignment gaps. Team Values & Vision : If you inherited a scattered crew, anchor them with a unifying statementthis shapes how you collaborate, decide, and deliver. How do I make a difference?
When I need to take a break from writing, I save the document. Word is the product. But the ability to save the document is a feature, a part of the overall product. To get a more complete picture of the Scrum product owner role, take a look at my product owner guide : Featur e Owner and Component Owner.
Productstrategy is one of the most important tasks of the product leader, and definitely one of the hardest things to do. In the effort to bring the company’s vision into reality, the details matter, often more than the innovation and completeness of the vision itself. in detail?—?which
The Eight Core Elements of a Winning ProductStrategy “The essence of strategy is choosing what not to do.”?—?Michael After what seemed like months of work, our product was emerging from stealth mode. The leadership team finally agreed on the vision. No choices = no productstrategy. Choice made.
Instead of acting as a sole decision-maker, today’s product managers need to excel at facilitation, stakeholder collaboration, and building trust across teams. She now runs her own consultancy, helping CEOs scale their companies by transforming productvision into measurable business growth.
Themes are critical building blocks for your product’sstrategy, each Theme is usually a statement describing an idea that is critical to the vision of your product. Each of these items are also useful when communicating your product’sstrategy to various stakeholders within your organization.
Let’s talk about how to define a productvision, and why the lack of a productvision is so detrimental to your team. As I’ll explain below, the “why” and “where” form your productvision, and your product team (especially your engineers), not only want this from you, but need it in order to do their best work.
What Is ProductStrategy Exactly? And Why It Matters Productstrategy is a creative act, to “do something new,” approaching an opportunity from a different angle. — Self So what exactly is productstrategy? Why is it important if I have a solid product management team?” I snapped out of la la land.
Product (and company) strategy is the backbone that guides product goal-setting and roadmap definition, although it’s sometimes overlooked or confused with having a vision. Without it, product teams become feature teams focused on outputs and not outcomes. ProductStrategy in an Agile World Marty Cagan.
This includes a sound understanding of the market, the user and customer needs, and the competition as well as solid product management skills such as the ability to develop an effective productstrategy and an actionable product roadmap (as I explain in more detail in the article The T-Shaped Product Professional ).
But, it’s usually challenging to assess what’s the right way to go about it – how much of iteration should be that from user feedback versus founder’s vision for the product? We asked some of the industry experts about how do they merge both the aspects and finalize the features of the product.
This team consists of a product owner , a Scrum Master , and several developers, which are also known as development team. Forming such a team connects the person in charge of the product—the product owner—with the people who design, architect, program, test, and document the solution—the developers.
Jack Welch Product strategists = coaches You, as the product strategist, are the coach. The productstrategy acts as the playbook for the team, taking them to victory. As a product strategist, you are the coach for your athletes?—?err err I mean product team, as they execute.
Five years ago I wrote about how productstrategy means saying no – you must ruthlessly protect your product from feature creep. . Saying no, however, is just one part of a successful productstrategy. The meeting point of company and productstrategy. Des: Welcome to Intercom on Product.
Defining your productstrategy is the most important aspect of deciding to build something new. It helps your entire team rally around a vision and a set of outcomes, making sure everyone is aligned in reaching those product growth goals. What is a productstrategy? How do you set a productvision?
Using Your ProductStrategy and ProductVision to Plan Your Roadmap. Productstrategies must be rooted in the overall vision of the company and product. When each product initiative advances, the productvision is easy for everyone to be on board. Product storyline.
I’ll keep this article not attached to the product itself but in the process of building it and it’s the current process up until now. Alice Product Manager”- Without ProductVision, any direction will be taken. This research was based on areas that are either directly or indirectly related to my product.
The Critical Role of ProductStrategy When Money Is Scarce (Part 1 — Seed) A good productstrategy is something every company needs. Here is how a productstrategy can help you create business results, even when the market is not in your favor. Productstrategy is such a vague term for most people.
Over 8,000 people were interested, so I figured this would be a perfect opportunity to explore my productstrategy skills. Aligning with Netflix’s goals: I refined the productvision to ensure it supports Netflix’s core objectives. This can inform future content acquisition and production/productstrategies.
I find that many product people are so busy with urgent tactical work, such as refining user stories, working with the development team, or answering a support request, that they neglect important strategic tasks like regularly assessing if the productstrategy is still working. Consequently, make enough time for strategic work.
I instead define a product manager as driving the vision, strategy, design, and execution of their product. It's equally important for product managers to think about each of these four dimensions as having a concrete set of deliverables. Vision: Vision Narrative. Vision: Product Walkthrough.
This is how I would approach improving the product if I were working with them. The top section of our Roadmap outlines our Vision, Challenge, and Target Condition, which reflect the goals outlined in my post on ProductStrategy. Roadmaps are a living document. If you invalidate a theme, update it.
As product managers, we need to be skilled in a variety of areas from defining features and requirements to understanding customers, analyzing usage metrics, prioritizing features, managing releases, and the list goes on. This context and focus helps to drive everything from technical decisions to design to prioritizing features.
Reduced time-to-market : We can now release new products and features more quickly. This is enabled by a closer, ongoing collaboration with cross-functional development teams, shifting from written documentation to face-to-face conversations, and using techniques such as user stories that reduce overhead—when applied correctly.
How did Amazon’s productstrategy fare during the pandemic? Short answer: Amazon’s productstrategy example lead the way). Amazon’s productstrategy example has rewritten the book on convenience, easy access, and speed, and in doing so, embedded itself in the daily lives and routines of consumers.
Product Requirement Documents (PRDs) are documentsproduct managers use to achieve several important objectives. They (1) create purpose and context for the teams they work with, allowing key stakeholders to feel heard; and (2) clearly communicate the vision.…
Cody Simms of Techstars is convinced that everyone already knows that feature roadmaps are nothing more than a comfort blanket: “Whether you are a CEO, board member, investor, or employee…EVERYONE knows that the roadmaps that are published in these documents are a joke. Did the product they were building match up to their vision and mission?
Martin Good Strategy, Bad Strategy by Richard Rumels Productstrategy is a set of choices informed by productvision and company objectives. A good strategy consists of a diagnosis, guiding policy, and coherent actions. Why is productstrategy so hard? “What is productstrategy?
You should therefore help the team acquire the relevant market and domain knowledge—for instance, by involving the team in research and validation work, inviting them to join you when you visit customers— and ensure that they are aware of the productstrategy and product roadmap as well as the business goals and KPIs.
Gathering insights about target users through user research, such as surveys and interviews, is essential to tailor products effectively and enhance user satisfaction. 6 Goal-Oriented Questions Understanding user goals helps align productstrategies with long-term business priorities and aspirations. What would it do for you?
Establishing a Strong Brand Identity for Your Product Management Team: Why It’s Necessary! 3 Reasons You Don’t Need a Sales Discovery Document for Every Product. Creating a ProductStrategy: Is It Worth the Effort? Product Demo Workshop November 12, 2020. In the Trenches FAQs. 499/person.
Product Management 101 ] Great products are not accidental. They all start with a focused strategy. A good productstrategy helps the team stay focused, guide the product development and manage the business during the development process. Product Roadmap?
Consequently, a platform should have its own productstrategy and roadmap , KPIs , product backlog , and well-designed software architecture that leverages the right technologies. Make sure, though, that the platform decisions are guided by the needs of the products it serves.
Your product is heading in a direction divergent from the direction documented in the roadmap. The goal of good roadmap hygiene is that at any moment, without forewarning, you can show your roadmap to anyone, and it represnets the true path forward — in line with the product’s direction. Have a plan for documentation.
It is also a tool for showing the productstrategy, the why behind what they’re building. A lot of companies feel that the product roadmap is simply the backlog, but that’s not the best way to communicate the strategy. A feature list isn’t a product roadmap. The product roadmap needs to tie back to the strategy.
Product lifecycle context : During development and introduction you’ll likely be focused on prioritising core features. You might want to acknowledge your product’s context by adding things like your vision, business goals, product name, and logo – as a minimum. Roman Pichler’s productvision board.
Here are 5 steps for your first week: (1) define the goal, (2) rally the team, (3) focus on the future, not the past, (4) gather documentation, and (5) understand the customer problems to solve. Using productvision to create north star metric. Get the details at [link].
Yes, they are ugly, but powerful in processing numbers and producing insights that support product decisions. The best product managers will use Google Sheets at least at some point in their planning stage. That not only saves a lot of time, it levels up your productstrategy entirely. Check out their features.
A mobile product manager’s focus is more—but not exclusively—external. Product managers are tasked with communicating the voice of the customer, while still bridging the gap between customer and market success. A mobile product owner’s focus is more internal. Owning, assigning, and clarifying technical product requirements.
We organize all of the trending information in your field so you don't have to. Join 96,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content