So a little bit of embedded knowledge can create a lot of differentiation. The other piece of good news is that defaults and knowledge provide differentiation in two ways. Product Management competitive differentiation innovation knowledgeThis guy might have too much knowledge. MORE
While the workshop helped me validate the need the book should address, I was not able to tackle another key risk with it: writing the book in the right way so that the need was properly met and the product sufficiently differentiated. Minimum Viable Product #1. MORE
DE: Product teams should focus on building differentiated components that are well aligned with the core vision and competencies of their company. All that cost is something you could have put towards building differentiated value. MORE
The contribution margin is a quick and dirty way to capture the value of each sale, and how to capture the potential profit for a pricing change (increase or decrease) and the likely volume differential. One topic that seems to trip up both new and experienced product managers is the process of pricing. As a recent post highlights, the most important lever we have in our bag of tricks to influence the profitability of our products and business, is the price. MORE
Differentiation – these are problems where, if solved, they would differentiate a product from the competition. Theodore Levitt may have developed the whole product model to help companies compete more effectively with their products. MORE
From differentiating user experience for newbie versus experienced users, to managing pay-gates, to finding kind and clean ways to kill features, feature flags allow you to manage change, minimize risk and personalize user experiences. MORE
As you can see, and product differentiation (& thus product features) is just one of the factors. As product managers, we are trained to focus on the customer. We know that customer satisfaction is of paramount importance and that we must do everything in our power to make customers happy. MORE
A key differentiator between SaaS businesses and traditional software product orgs, is the fact that revenue doesn’t come in one-off purchases. MORE
And for a PM, differentiation becomes more critical. The data you focus on seems to be a key differentiator in SaaS product management. Since metrics are a big differentiator in SaaS product management, what would you say is the top metric for a SaaS PM? MORE
Every organization’s product goals will be different but might include: Competitive differentiation. By Jim Semick. We’ve all heard about “strategic” product roadmaps. But what exactly does that mean in practice? MORE
Market Dynamics Differentiation Defensibility Rapid Iteration TEAM TEAM was the most important thing he focused on. customer customer experience differentiation investors market teamOccasionally, we have guest speakers at Babson College, and sometimes we get a really good guest speaker! Last week I had the pleasure of meeting Scott Friend from Bain Capital Ventures. MORE
Some teams at Google differentiate between “manager time” and “make time” where manager time is a 30-minute slot, and make time is a half or full day. As the founder of Bracket Creative, Alison Coward spends her working life advising creative teams on how they can collaborate better. MORE
It will differentiate you from a lot of product managers who cannot give you a concise description of what they do. One of the most challenging questions about product management has been – in my experience – “What is Product Management?”. MORE
In the past we have assumed that this is because there is little or no differentiation between these two roles, but alternative theories are very welcome in the comments! Our universe is expanding. MORE
This helps you understand if your product is properly differentiated. Balancing Specific and Generic Skills. To do a great job as a product manager or product owner, you require two skills sets: product-specific and generic ones. MORE
That’s how you develop your intellectual property and develop products and brands that get differentiated and that you can establish premium pricing around. Research and development is tightly coupled with product management and innovation. MORE
SaaS products often differentiate their packages by features. Stephen Pavlovich , CEO of Conversion.com, talks to ProductTank London about Using Experimentation to Drive Product. Why aren’t people converting and what experiments can you run to try and fix that? MORE
Why my product is a better choice for you (the differentiators). For example, articulating a meaningful Dramatic Difference or “differentiator” portion of the value proposition is usually difficult. Brain Wiring (by Wellcome Images, CC licensed). MORE
Developing both strategic skills and multi-year product strategy (linked to your company’s overarching business goals) provides a statistically significant path to higher levels of performance and market differentiation. Contributed by Greg Geracie. MORE
Developers may be more comfortable knowing exactly what the finished product should “look” like, especially if the company views its design and user interface as a differentiator. . There’s a lot of variation in how companies document product requirements. MORE
This means that the first iPhone was clearly differentiated. If the value curve of your product is too close to the curve of the competition, then you haven’t differentiated your product sufficiently. The Strategy Canvas. MORE
And oh, yeah: Building a solution – addressing the customer’s problem effectively with technology, with enough differentiation that it’s possible to sell successfully. Tools For What We Do. As a product manager, I’d like to find some tools that help me do my job. I deal with: Customers – finding their problems and listening to their product feedback. MORE
The opportunities we choose to go after are what differentiate us in our market. Product management is evolving quickly. The days of gathering requirements from business stakeholders and documenting them in long product requirements documents are vanishing. MORE
Will this be a “checkbox item” or strong differentiation for us and our customers? In a well-run organization, each role has a single orientation; they either support individual customers or they support the market. Peter Drucker (or Steve Johnson)*. MORE
If you don’t have a value proposition articulated using the four part framework – category, customer, benefits, differentiators – then do it yourself. What are Mental Models? A mental model is any concept that helps explain, analyze, or navigate the world. MORE
Not really an article, but this Quora thread compiles answers from various product leaders about what differentiates the crème de la crème of product management. MORE
How do we differentiate? Product owners and product managers. Two roles, often done by one person. MORE
The post How to Differentiate Your IoT Product: Provide Insights Not Data appeared first on TechProductManagement. IoT products are known for producing large amounts of data. MORE
The result of this differentiation between products has been a boost in sales for Apple. The Apple iPhone 7 plus contains more features than the iPhone 7 Image Credit: Kārlis Dambrāns. You sorta gotta have some pity for the poor product managers over at Apple. MORE
Our product [statement of primary differentiation]. "If it's not fun, don't do it; it's time to get another job."—Alan —Alan Webber, Fast Company. Have you been out there lately? Hunting for that perfect job is both easier and harder than ever before. MORE
While IT can provide extremely valuable information on areas like implementation, licensing, competitive landscape, and more, the user audience can provide insight into efficiencies gained, areas they’d like to enhance, what they like better over the previous technology they used, and much more that will help differentiate your company’s content. This year, IT spending by the CMO will outpace that of the CIO, according to Gartner. MORE
Revulytics usage intelligence software includes a business-differentiating capability that is absent in Microsoft Application Insights – the ability not only to pull information from customers, but push information to them. In 1994, after winning 3 NBA Championships (and 3 NBA Finals MVP awards), Michael Jordan famously left the NBA for a year to pursue professional baseball. He landed on the Birmingham Barons, a lower minor league team for the Chicago White Sox. MORE
At the time Toyota was targeting the Generation X buyers and the Scion brand offered them a differentiation from the Toyota core line of cars. The original target audience, the Generation X buyers, valued the differentiation between the Scion and Toyota brands. MORE
Innovative software companies leverage usage and compliance data to differentiate their products, maximize revenue opportunities and drive value for their customers. Nearly a century ago, Albert Einstein prophetically and poetically framed what remains one of our chief challenges with analytics. Not everything that can be counted counts,” he said, “and not everything that counts can be counted.” MORE
Also, they were entering a very crowded market, and they struggled to differentiate. Sunil Parekh is the VP of Product Management at Truveris, which is a healthcare startup based out of New York City. They work primarily in the pharmacy benefit space, helping employers save money on costs of prescriptions, creating marketplaces for pharmacy benefits management, and developing tools for consumers to save money on prescriptions. MORE
The development of messaging and collateral in today’s role is more focused on making the salesforce skilled at selling and differentiating your solutions versus creating the obligatory artifacts for the launch checklist as it was in its infancy. Wealth made simple: news and articles from IRC Wealth. This sample product marketing job description just might ruffle a few feathers. First, it’s not your typical “get the product off the shelf” job description. MORE
This solution clearly differentiated for the sales team, and also ensured quality search results, whether paid or organic. Article: Behind Every Great Product. MORE
This is what enables a sustainable competitive advantage , by enabling you to sustainably differentiate your product from competition, rapidly adapt to changing customer expectations and market conditions. MORE
Our product’s portfolio management capabilities were a significant differentiator. But they weren’t being used effectively to differentiate in the demo. A Sales Demo Challenge. MORE
Differentiation and innovation are your two best options! Differentiation. Differentiation boils down to unique positioning in your sales and marketing efforts with your products and company reputation serving up the proof points. Innovation and differentiation often go hand-in-hand. The upside to the customer is huge and you now have something tangible to differentiate your solutions from the competition. MORE
Every disease needs some symptoms so that we can do a differential diagnosis. Over the last year or so, I’ve seen more than a dozen companies with a meta-product management problem that I’m calling the “ No Head of Product Syndrome.” MORE
There really isn’t a lot of differentiation between insurance companies in terms of products offered. MORE
Differentiation Related Topics Tech Product Management
AUGUST 1, 2017
The post How to Differentiate Your IoT Product: Provide Insights Not Data appeared first on TechProductManagement. IoT products are known for producing large amounts of data.
PM Hardcore
MAY 18, 2017
So a little bit of embedded knowledge can create a lot of differentiation. The other piece of good news is that defaults and knowledge provide differentiation in two ways. Product Management competitive differentiation innovation knowledgeThis guy might have too much knowledge.
High Octane Product Management
MARCH 11, 2017
Differentiation and innovation are your two best options! Differentiation. Differentiation boils down to unique positioning in your sales and marketing efforts with your products and company reputation serving up the proof points. Innovation and differentiation often go hand-in-hand. The upside to the customer is huge and you now have something tangible to differentiate your solutions from the competition.
Roman Pichler
MAY 10, 2017
This helps you understand if your product is properly differentiated. Balancing Specific and Generic Skills. To do a great job as a product manager or product owner, you require two skills sets: product-specific and generic ones.
PM Hardcore
MAY 5, 2017
It will differentiate you from a lot of product managers who cannot give you a concise description of what they do. One of the most challenging questions about product management has been – in my experience – “What is Product Management?”.
PM Hardcore
SEPTEMBER 16, 2016
Why my product is a better choice for you (the differentiators). For example, articulating a meaningful Dramatic Difference or “differentiator” portion of the value proposition is usually difficult. Brain Wiring (by Wellcome Images, CC licensed).
bpma ProductHub
FEBRUARY 13, 2017
Developing both strategic skills and multi-year product strategy (linked to your company’s overarching business goals) provides a statistically significant path to higher levels of performance and market differentiation. Contributed by Greg Geracie.
Mironov Consulting
MAY 1, 2017
Every disease needs some symptoms so that we can do a differential diagnosis. Over the last year or so, I’ve seen more than a dozen companies with a meta-product management problem that I’m calling the “ No Head of Product Syndrome.”
The Accidental Product Manager
APRIL 24, 2017
At the time Toyota was targeting the Generation X buyers and the Scion brand offered them a differentiation from the Toyota core line of cars. The original target audience, the Generation X buyers, valued the differentiation between the Scion and Toyota brands.
Product Talk
FEBRUARY 8, 2017
The opportunities we choose to go after are what differentiate us in our market. Product management is evolving quickly. The days of gathering requirements from business stakeholders and documenting them in long product requirements documents are vanishing.
Roadmunk
SEPTEMBER 21, 2017
Not really an article, but this Quora thread compiles answers from various product leaders about what differentiates the crème de la crème of product management.
Mind the Product
JANUARY 25, 2017
From differentiating user experience for newbie versus experienced users, to managing pay-gates, to finding kind and clean ways to kill features, feature flags allow you to manage change, minimize risk and personalize user experiences.
High Octane Product Management
JANUARY 23, 2017
The development of messaging and collateral in today’s role is more focused on making the salesforce skilled at selling and differentiating your solutions versus creating the obligatory artifacts for the launch checklist as it was in its infancy. Wealth made simple: news and articles from IRC Wealth. This sample product marketing job description just might ruffle a few feathers. First, it’s not your typical “get the product off the shelf” job description.
Pragmatic Marketing
JANUARY 17, 2017
Every organization’s product goals will be different but might include: Competitive differentiation. By Jim Semick. We’ve all heard about “strategic” product roadmaps. But what exactly does that mean in practice?
Mironov Consulting
AUGUST 27, 2017
Will this be a “checkbox item” or strong differentiation for us and our customers? In a well-run organization, each role has a single orientation; they either support individual customers or they support the market. Peter Drucker (or Steve Johnson)*.
Mind the Product
AUGUST 7, 2017
As you can see, and product differentiation (& thus product features) is just one of the factors. As product managers, we are trained to focus on the customer. We know that customer satisfaction is of paramount importance and that we must do everything in our power to make customers happy.
Tyner Blain
APRIL 12, 2016
How do we differentiate? Product owners and product managers. Two roles, often done by one person.
Roman Pichler
MAY 10, 2016
While the workshop helped me validate the need the book should address, I was not able to tackle another key risk with it: writing the book in the right way so that the need was properly met and the product sufficiently differentiated. Minimum Viable Product #1.
PM Hardcore
AUGUST 22, 2016
And oh, yeah: Building a solution – addressing the customer’s problem effectively with technology, with enough differentiation that it’s possible to sell successfully. Tools For What We Do. As a product manager, I’d like to find some tools that help me do my job. I deal with: Customers – finding their problems and listening to their product feedback.
Mind the Product
AUGUST 31, 2017
Also, they were entering a very crowded market, and they struggled to differentiate. Sunil Parekh is the VP of Product Management at Truveris, which is a healthcare startup based out of New York City. They work primarily in the pharmacy benefit space, helping employers save money on costs of prescriptions, creating marketplaces for pharmacy benefits management, and developing tools for consumers to save money on prescriptions.
PM Hardcore
AUGUST 18, 2017
Our product’s portfolio management capabilities were a significant differentiator. But they weren’t being used effectively to differentiate in the demo. A Sales Demo Challenge.
Mind the Product
MARCH 20, 2017
SaaS products often differentiate their packages by features. Stephen Pavlovich , CEO of Conversion.com, talks to ProductTank London about Using Experimentation to Drive Product. Why aren’t people converting and what experiments can you run to try and fix that?
svpg
SEPTEMBER 30, 2016
This solution clearly differentiated for the sales team, and also ensured quality search results, whether paid or organic. Article: Behind Every Great Product.
Roadmunk
JULY 20, 2017
A key differentiator between SaaS businesses and traditional software product orgs, is the fact that revenue doesn’t come in one-off purchases.
Mind the Product
MARCH 2, 2017
If you don’t have a value proposition articulated using the four part framework – category, customer, benefits, differentiators – then do it yourself. What are Mental Models? A mental model is any concept that helps explain, analyze, or navigate the world.
Mind the Product
APRIL 27, 2017
Developers may be more comfortable knowing exactly what the finished product should “look” like, especially if the company views its design and user interface as a differentiator. . There’s a lot of variation in how companies document product requirements.
Tyner Blain
AUGUST 1, 2014
Differentiation – these are problems where, if solved, they would differentiate a product from the competition. Theodore Levitt may have developed the whole product model to help companies compete more effectively with their products.
Mind the Product
NOVEMBER 4, 2016
Some teams at Google differentiate between “manager time” and “make time” where manager time is a 30-minute slot, and make time is a half or full day. As the founder of Bracket Creative, Alison Coward spends her working life advising creative teams on how they can collaborate better.
The Product Bistro
MAY 10, 2016
The contribution margin is a quick and dirty way to capture the value of each sale, and how to capture the potential profit for a pricing change (increase or decrease) and the likely volume differential. One topic that seems to trip up both new and experienced product managers is the process of pricing. As a recent post highlights, the most important lever we have in our bag of tricks to influence the profitability of our products and business, is the price.
Revulytics
AUGUST 4, 2017
Revulytics usage intelligence software includes a business-differentiating capability that is absent in Microsoft Application Insights – the ability not only to pull information from customers, but push information to them. In 1994, after winning 3 NBA Championships (and 3 NBA Finals MVP awards), Michael Jordan famously left the NBA for a year to pursue professional baseball. He landed on the Birmingham Barons, a lower minor league team for the Chicago White Sox.
Revulytics
JUNE 8, 2017
While IT can provide extremely valuable information on areas like implementation, licensing, competitive landscape, and more, the user audience can provide insight into efficiencies gained, areas they’d like to enhance, what they like better over the previous technology they used, and much more that will help differentiate your company’s content. This year, IT spending by the CMO will outpace that of the CIO, according to Gartner.
Product Manager in Heels
NOVEMBER 11, 2013
Market Dynamics Differentiation Defensibility Rapid Iteration TEAM TEAM was the most important thing he focused on. customer customer experience differentiation investors market teamOccasionally, we have guest speakers at Babson College, and sometimes we get a really good guest speaker! Last week I had the pleasure of meeting Scott Friend from Bain Capital Ventures.
Mind the Product
DECEMBER 8, 2016
In the past we have assumed that this is because there is little or no differentiation between these two roles, but alternative theories are very welcome in the comments! Our universe is expanding.
Mind the Product
APRIL 12, 2017
DE: Product teams should focus on building differentiated components that are well aligned with the core vision and competencies of their company. All that cost is something you could have put towards building differentiated value.
Tyner Blain
NOVEMBER 12, 2014
This is what enables a sustainable competitive advantage , by enabling you to sustainably differentiate your product from competition, rapidly adapt to changing customer expectations and market conditions.
Revulytics
MAY 10, 2017
Innovative software companies leverage usage and compliance data to differentiate their products, maximize revenue opportunities and drive value for their customers. Nearly a century ago, Albert Einstein prophetically and poetically framed what remains one of our chief challenges with analytics. Not everything that can be counted counts,” he said, “and not everything that counts can be counted.”
Product Innovation Educators
OCTOBER 3, 2016
That’s how you develop your intellectual property and develop products and brands that get differentiated and that you can establish premium pricing around. Research and development is tightly coupled with product management and innovation.
Under10 Playbook
NOVEMBER 2, 2016
Our product [statement of primary differentiation]. "If it's not fun, don't do it; it's time to get another job."—Alan —Alan Webber, Fast Company. Have you been out there lately? Hunting for that perfect job is both easier and harder than ever before.
Mind the Product
MAY 9, 2017
There really isn’t a lot of differentiation between insurance companies in terms of products offered.
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