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The shift was dramatic: global AI adoption rocketed to 78% of all organizations — up from just 20% in 2017 — while an extraordinary 91% of bank boards formally approved Gen-AI programs, according to NTT and McKinsey. The payoff is already visible in richer digital experiences, sharper personalization and faster, safer service.
When I replay this scene in my head, I can hear the CTO very audibly yelling (slash pleading) with our product team. This didn’t sit well with the CTO because in reality he didn’t want a strategy, he wanted a plan. In smaller companies, this will be your company and product’s overall vision. “What is your Product Strategy?
The experience of building Facebook’s News Feed is a great lesson on the importance of having conviction in your vision, even when faced with initial resistance. Striking a balance between involvement and delegation is key to effective leadership.
Prior to Benchmark, Sarah was a Partner at Greylock Partners, and a Product Lead for search, recommendations, machine vision, and pin quality at Pinterest. He is the co-author of both Design Sprint (O’Reilly, 2015) and Product Roadmaps Relaunched (O’Reilly, 2017). Tom Coates, Co-Founder of Thington.
We spent most of 2017 building it out. The vision? And then, start small – take that bigger vision or dream, break it down into the smallest pieces, and keep scoping back, back, back, back, back, until you have the smallest coherent solution. You’ll find everyone from HubSpot CEO Yamini Rangan to Calm CTO Will Larson.
And you know what they say as well – at some point the CEO has to step back and take a strategic role so they have time to do visioning and look at the market and not be involved in the day to day of the operation. If you haven’t seen his talk it’s about these sort of post-tax it feelings and it’s from London 2017.
But facts I’ve discovered that many companies just ask a design team to execute on the vision. First of all product is about shaping the future and inspiring the world with the product vision – No I don’t see a roadmap here – and I call this build the right thing. In fact just do this bit here.
Leaders are people who provide a compelling vision for people to follow and believe in, and take responsibility for what happens next. I do think one thing that’s a leader’s responsibility, whether or not you’re a manager or not, is that you have to provide a compelling vision for people to follow and believe in.
If you are looking for a tool to capture the product strategy, try my Product Vision Board , which you can download for free together with a handy checklist from my website. Figure 2: The Product Vision Board Traditionally, the product strategy is owned by the head of product , the person in charge of the product management group.
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