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
An effective productstrategy is key to successfully create, enhance, and manage a product. There is no point in worrying about the product details and writing user stories if a sound productstrategy is missing. But what exactly is a productstrategy? Figure 1: My ProductStrategy Model.
An inspiring vision creates a meaningful purpose for everyone involved in making the product a success including the stakeholders and development team members. It helps people understand how their work relates to a bigger whole and how their efforts create a positive change. Then look for a product vision that everyone can support.
In both instances, Id recommend using an overall portfolio or bundle strategy in addition to the individual productstrategies. If I were in charge of the suite, Id use a portfolio strategy that guides and aligns the strategies of Word, PowerPoint, and Excel. [1] Take Microsoft 365 again as an example.
Hold Regular ProductStrategy Reviews. A productstrategy , like any other plan, is subject to change. How changeable your strategy is, depends on your product’s life cycle stage. As long as your product hasn’t reached product-market fit, the strategy is usually volatile.
The Traditional Decision-Maker Model: A Limited View Early in her career, Francesca interpreted the “CEO of the product” concept literally, believing her primary role was to make decisions. Instead of preparing perfect presentations for the boardroom, successful product managers: 1.
As the person in charge of the product, you lack transactional power : You cannot tell the stakeholders what to do, you cannot assign tasks to the individuals, and you are typically not in a position to offer a bonus, pay raise, or other incentives. Establish clear roles and responsibilities.
Listen to the audio version of this article: [link] Introduction To discuss empowerment in product management, I find it helpful to distinguish three main levels of decision-making authority, product delivery, product discovery, and productstrategy, as the model in Figure 1 shows. [1]
What is the Product Vision? The product vision describes the ultimate purpose of a product, the positive change it will bring about. Say I wanted to create a product that helps people become more aware of what and how much they eat. Who Owns the Product Vision? This is where the productstrategy comes in.
Be Prepared to Look after People, Not Products. When you become a head of product, you move into a line management position. Consequently, your focus shifts from managing a product to looking after the product people on your team and empowering them to do a great job. Gain Experience in Managing Different Products.
1] Make sure that the goal states the positive impact you want to make on the users/customers and the business. A great way to engage the individuals is to invite them to a collaborative workshop, which may take place onsite or online. [4] You can learn more about using the GO Product Roadmap by watching this YouTube video.
If you thought there were a million ways to define product management, productstrategy might have it beat by a longshot. Just think about how many ways productstrategy is defined within your own organization. It’s the number one thing that makes productstrategy both challenging and frustrating at the same time.
To select the right KPIs, I recommend taking the following three steps: First, use the user and business goals in the productstrategy to select an initial set of indicators. Then take into account the product goals on the product roadmap to discover additional KPIs. Then consider how you can tell if they have been met.
See the exploration work as a way to future-proof your product and mitigate the risk of missing out on an opportunity. This will not only benefit your product. It will also have a positive impact on team morale and productivity.
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 ).
A UX workshop can help you gather the team and brainstorm to make better decisions. Ensure everybody is on the same page by making them more involved in the product development process with these tools. In a UX workshop, we share research results with the participants and let them come up with their own conclusions. Preparation.
A Workshop Kicks Off a New Commitment to Discovery Teresa: It sounds like recently, you had a workshop that had a big impact. I initiated a workshop as a kickoff for 2024 saying, team, I see we’ve done a great job in the define and measure phase and build phase, but I feel like we’re still lacking the discovery phase.
At the same time, I wanted to test that the product would create enough value for its readers before writing the actual book. My first MVP had little resemblance with the finished product: I used my productstrategy and roadmap workshop as the initial minimum viable product. Minimum Viable Product #2.
Before you order the roadmap items, double-check that you have a validated productstrategy in place. You should be able to confidently say why users would want to use your product and why it is worthwhile for your company to invest in it. Before You Start Prioritising …. What is the best way to achieve them?
That brings us to the topic of a single market strategy versus strategies for each product and which approach has more strategic benefit to your organization. None of your products on their own deliver the broad impact your customers are looking for. A market strategy does just that. Here’s the $1 million question.
Guest Post by: Lamia Benhaddou (Mentee, Session 4, The Product Mentor) [Paired with Mentor, Amanda Ralph]. Amanda had 18 years of product management experience and was able to clearly foresee the obstacles I might encounter in my new role. Indeed the role of a product leader is different to that of a product manager.
Their contributions are vital to design, implement, provide, and support a successful product. At the same time, you can’t tell the individuals what to do or assign tasks to them, and you are typically not in a position to offer incentives, like a bonus or pay rise. An example I like to use is healthy eating.
She coaches teams using my Continuous Discovery Habits curriculum and is helping me bring the Continuous Discovery Habits workshop to more companies. Product teams struggle to drive business outcomes because many companies haven’t taken the time to define their strategy. Translate Business Outcomes to Product Outcomes.
Starting with Content and Process as our two pillars, we set out to compile a list of key must-have traits for what we believed made for a compelling product vision, based on our research and own experiences. After exploration, testing and iteration, we arrived at the Product Vision Sprint ?—?a Experience focused?—?
If you work alongside Bristol-based productstrategy and UX consultant Joe Leech then chances are you’ll also work alongside his dog Little Dude. At the moment he coaches the teams doing the work, but he’s starting to coach business leaders about productstrategy. These senior people are increasingly of interest to Joe.
Mind the Product London 2018 on October 18-19 will be better than ever, with more workshops, more networking, and more fun than ever. But most importantly #mtpcon will, as usual, bring you the best minds in product from around the world for a day full of thought-provoking insight, inspiration, and learning. Leadership Forum.
Building trust with stakeholders isnt just a nice-to-haveits essential to preventing failed product launches due to poor stakeholder management. Without trust, even the most well-thought-out productstrategies can face pushback, leading to misalignment, delays, and increased risks. Speak their language.
I find that mindfulness is particularly helpful for product managers and product owners. Tip #5: Be Positive. But I recommend that no matter how challenging things are, you should look for the positives, the healthy traits in people (without ignoring unhealthy habits and wrong behaviour). Learn More. Thanks to Kathy G.
What is the Product Vision? The product vision describes the ultimate purpose of a product, the positive change it will bring about. Say I wanted to create a product that helps people become more aware of what and how much they eat. Who Owns the Product Vision? This is where the productstrategy comes in.
To select the right KPIs, I recommend taking the following three steps: First, use the user and business goals in the productstrategy to select an initial set of indicators. Then take into account the product goals on the product roadmap to discover additional KPIs. Then consider how you can tell if they have been met.
As most companies deal with leaner sales pipelines, your product demos are even more critical to making the shortlist. Join me for a 3-hour live (web meeting) demo workshop on November 12th. Enjoy the B2B Product Manager October issue. Blog: High-Octane Product Management. Product Demo Workshop November 12, 2020.
As a product manager how can you do this? Here are four techniques I’ve used, borrowed from coaching and productstrategies to help you. The conversations were refreshing and positive. It’s all about buy-in – the difference between just an idea and an idea that gets implemented. Let the Solution Go.
Share examples of how you’ve taken initiative to expand your knowledge, such as attending product management workshops, reading industry blogs, or collaborating with product managers in your network. How have you leveraged these skills to drive success in your current position?
Be Prepared to Look after People, Not Products. When you become a head of product, you move into a line management position. Consequently, your focus shifts from managing a product to looking after the product people on your team and empowering them to do a great job. Gain Experience in Managing Different Products.
As we gear up for 2018, here’s a look back at the past year with Boston Women in Product! – and positioned our organizing crew for great success in the future. With events throughout the year, our organizing committee has loved being on this journey with all of you. By the numbers.
Whatever happens in product management is usually reflected somewhere in the sales process! Blog: High-Octane Product Management. If Your ProductStrategy Doesn’t P**s Somebody Off, It’s Probably Not Very Good! Product Management Playbook. VP of Product Management: Your 7-Point Plan for the First 100 Days.
(Montreal, Canada) – Paul Ortchanian, Founder, CEO, Head of Product, Data and Strategy of Bain Public , lead a workshop on June 17th in collaboration with NEXT AI for a second year in a row. Paul’s unique experience brings together the necessity of great engineering and the beauty of productstrategy.
(Montreal, Canada) – Paul Ortchanian, Founder, CEO, Head of Product, Data and Strategy of Bain Public , lead a workshop on June 5th in collaboration with NEXT AI for a third year in a row. The success of AI companies is increasingly dependent on the strength of its AI product manager and data science team.
Recently I ran a product planning workshop where we needed to decide which experiments to focus on to affect our conversion metrics. Without their involvement in the workshop, the sign-up support needs wouldn’t have come up and we would have missed information important to our decision. A culture of trust develops.
And when this annoying programmer complains about the user stories again or the pushy sales guy reiterates that the productstrategy is wrong, take a deep breath. Recall that we all have healthy and unhealthy traits and remind yourself of the individual’s positive qualities. Then kindly but clearly share your thoughts.
(Montreal, Canada) – Paul Ortchanian, Founder, CEO, Head of Product of Bain Public, is honoured to be leading an expert workshop in collaboration with AIESEC, the world's largest youth-run organization that provides young people with leadership development. They hoped to change the world, one person and one internship at a time.
(Montreal, Canada) – Paul Ortchanian, Founder, CEO, Head of Product, Data and Strategy of Bain Public , will be leading a workshop on June 8th in collaboration with NEXT AI. Paul’s unique experience brings together the necessity of great engineering and the beauty of productstrategy. Session Information.
Also, the company has received many positive customer reviews on Clutch and GoodFirms. The company provides iOS Native App Development, Android Native App Development, Flutter Cross-Platform App Development, Web App Development, Digital Product Design, and Product Design Workshop.
After countless conversations, articles, webinars and conference sessions, I started to feel like the profession of product management had been reduced to…. Convincing stakeholders the above supports company goals (productstrategy). After hearing this, my gut reaction was OMG, the product gods are alive and well!
I’m in a fortunate position. I write a popular product blog. I won’t help you with your productstrategy, be an interim product leader, or otherwise help with your business challenges, other than developing your product teams. I don’t teach corporate workshops. I have a thriving coaching business.
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