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Listen to the audio version of this article: [link] 1 No Strategy The first and most crucial mistake is to have no product strategy at all. When that’s the case, a product is usually progressed based on the features requested by the users and stakeholders. As there is no strategy, objectively assessing the impact of the requests is virtually impossible.
The biggest difference between product management and portfolio management is product management focuses specifically on the success of each product whereas portfolio management focuses on the success of the company (the portfolio) in chosen market segments. Product Management In a product management model, product managers assess markets where their products can best succeed and they create plans accordingly to support the company’s strategic and financial goals.
Rerun: OKRs are a simple concept — but deceptively hard to get right. There’s an awful lot of horror stories about implementations gone wrong, along with any number of gurus and guides on how to get it right. Storm Fagan — now the Chief Product Officer at the BBC, formerly at JustEat — joined us on the podcast to break down how she made OKRs scale at a big company by keeping them simple.
A business needs to see that the investments it makes are driving a financial return. This sounds simple but “desirable returns” looks different to different businesses and these differences, explicit or implied, end up driving how product development is viewed and run. Consider, for example, the typical venture capital funded startup. The shareholders of this startup are making investments now that will likely lead to near term losses but that later will hopefully lead to significant gains in t
Speaker: Ben Epstein, Stealth Founder & CTO | Tony Karrer, Founder & CTO, Aggregage
When tasked with building a fundamentally new product line with deeper insights than previously achievable for a high-value client, Ben Epstein and his team faced a significant challenge: how to harness LLMs to produce consistent, high-accuracy outputs at scale. In this new session, Ben will share how he and his team engineered a system (based on proven software engineering approaches) that employs reproducible test variations (via temperature 0 and fixed seeds), and enables non-LLM evaluation m
Transcendent product managers excite and inspire. They galvanize their cross-functional partners through collaboration. They want to hear their partners’ ideas and incorporate them to bring the best products to market that will serve a purpose and improve humanity. Productive organizations possess numerous qualities that contribute to their effectiveness.
A Tale of Two Roadmaps — And Why You Can’t Succeed With Only One “There is no one-size-fits-all product roadmap. A roadmap can and should look different depending on the situation. Different businesses, different stages of product maturity, different audiences, and different goals might necessitate different roadmap formats.” — C. Todd Lombardo Once upon a time, in a city like yours, two versions of a roadmap emerged.
A Tale of Two Roadmaps — And Why You Can’t Succeed With Only One “There is no one-size-fits-all product roadmap. A roadmap can and should look different depending on the situation. Different businesses, different stages of product maturity, different audiences, and different goals might necessitate different roadmap formats.” — C. Todd Lombardo Once upon a time, in a city like yours, two versions of a roadmap emerged.
Warning: Rant ahead. Today, I received several chirpy, happy, perky emails from either connections or LinkedIn's email. They all said essentially the same thing: “Hello, friend. What's making you happy or successful today?” I hate these emails. Just hate them. They feel fake to me and worse, they bring out the grumpy in me. And I just realized why.
How can SaaS companies use self-service analytics to gain the insights they need to drive product growth ? This is the question this article explores, so if you’re after the answer, you’re in the right place. Let’s get right to it! TL;DR Self-service analytics tools enable non-technical product teams to access and analyze customer data without dev or data scientist support.
Every company that has developed a product their customer loves wants to repeat the same success. It feels good to know your market and deliver value. Some product teams think about long-term success and put plans in place from the initial design. They know that if their product is successful, they’ll want to create other versions. Even companies who haven’t planned in advance to replicate their products still have a choice to make between these two methods.
A product launch marketing plan is more than a simple press release announcing your product. It is the process that guides you to a successful product release. With several product launches occurring every day, you need something special to ensure your announcement doesn’t get lost in the noise. In this article, we detail what a product launch marketing plan is, why you need one, and how to create a successful product marketing from the start.
Stand out in your product management interview with guidance from Priyanka Upadhyay, an experienced product leader and Stanford Online program coach. In this guide, Upadhay dives into five key competencies interviewers will likely want to assess. She provides sample questions with detailed answers spanning: Product strategy Product design Execution Market estimation Teamwork Confidently land the product management role you want by pre-empting what interviewers are looking for and demonstrating y
A key to improving the impact of your IT portfolio operations is identifying the things you need to stop doing! This helps you focus on project schedule and cost, while amplifying the focus and the flexibility required to optimize value delivery. T In this video, Transformation Coaches Randy Hale and Sally Tait discuss how to: Apply Lean budgeting to simplify financial processes and focus on value Use Lean Portfolio Management techniques to optimize enterprise flow Leverage KPI’s and metr
There’s a vast gap between a great idea and bringing that idea into reality: and there’s no better example than a product launch plan. If you get your product launch plan wrong, all the hard work and effort of building your product might be for nothing. In this article, we’re going to make sure that doesn’t happen. We’ll give you the step-by-step checklist you need to create a solid product launch plan – one that will guarantee a successful launch.
Imagine you’re about to embark on an epic journey. You have a bold idea, a clear vision, and an unwavering determination to turn your startup dream into reality. But where do you begin this journey? Where do you find the rich soil to plant your entrepreneurial seed and the perfect conditions to ensure it thrives?
Effective risk management in product development balances safety, compliance, and opportunity. Risks can't be eliminated, but they can be mitigated through structured assessments, clear documentation, and expert guidance. Engaging specialists ensures efficiency, regulatory adherence, and product security while reducing costly oversights. A well-executed risk management plan includes frequent evaluations, defined assessment criteria, and a structured decision-making process.
Episode Information: Clint has a conversation with Rob Mortensen, General Manager of Delivery Systems and Services for North America and Europe at EMD Electronics. During their discussion, Rob talks about the lessons he’s learned from managing organizational growth, the importance of transparent and timely communication, and the benefits of in-person conversations versus virtual meetings.
NEW YORK, August 15, 2023 –( BUSINESS WIRE )–Inc. revealed today that digital consulting firm Modus Create ranks No. 2158 on the 2023 Inc. 5000, its annual list of the fastest-growing private companies in America. The prestigious ranking provides a data-driven look at the most successful companies within the economy’s most dynamic segment—its independent, entrepreneurial businesses.
Over the years, Seth Godin, Geoffrey Moore, Jennifer Aaker, Clayton Christensen, Kathy Sierra and other extraordinary people have taken the stage at BoS. Greg is the first speaker to ever get a standing ovation. Well deserved. This talk is heroic, funny, sad, dark, uplifting, brave, thoughtful, intelligent, inspiring and helpful Greg Baugues Business of Software USA 2013 Watch the Talk In this talk, Greg sheds light on the challenges that developers and entrepreneurs face when it comes to mental
After I spoke with Chad and Jeff on the previous podcast, Deep Dive into Successful Independent Consulting with the Agile Wire , we spoke all about the idea of building products, starting with consulting-based products. See Building the Right Product with Johanna Rothman. Some of our discussion points: Consulting products: how to think about products for consultants How we can think about products for the mass market, and how that might be different from other markets Thinking about when teams n
As your company grows and your product matures, so too should your product strategy. Drawing from their decades of experience as product leaders, Stanford Online instructors Donna Novitsky and Laura Marino share best practices for defining your product strategy at each stage of company growth. Get practical, real-world product strategy tips from experts who have lived through the same challenges you’re currently facing.
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