Common Product Vision Board Mistakes

Roman Pichler

This article assumes that you are familiar with the product vision board or the key elements of a product strategy : market, value proposition, standout features, and business goals. While I wrote the article for people who work with the product vision board, I hope that it will also be useful for readers who use another product strategy tool like the value proposition canvas or the lean canvas. 94, How to Lead in Product Management , pp.

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Rediscover the Forgotten art of Product Strategy

Mind the Product

A strong product strategy is often neglected because of the absence of any strategic thinking in product teams. What can product managers do to make sure they give their product strategy the attention it warrants? Tanya shares her ideas for nurturing a strong product strategy from this year’s #mtpcon London Product Leadership Forum. But today many, if not most, product teams fail this very first test.

Taking Your Digital Product Strategy from Vision to Execution

Emerge Insights

You may have experienced this yourself working on a digital product that never came close to realizing it’s potential. One of the reasons that so many organizations fail at delivering valuable products and services is the lack of a well-defined strategy or the complete absence of a strategy. […]. The post Taking Your Digital Product Strategy from Vision to Execution appeared first on EMERGE | Digital Product Agency.

Inspiring Teams with Product Vision

Mind the Product

In this in-depth and inspiring talk, Keela Robinson , Founder and CEO PM Loop, unpacks what vision is, why it matters and how to find it. Crucially, she demonstrates how to communicate and reinforce vision to your team by sharing an incredible 30 practical strategies for meaningfully tying your vision to all that you do. Vision comprises your Values, Purpose and Envisioned Future. In short, they are inspired and guided by your vision.

A Practical Guide for Product Strategy From Almundo: A Case Study:

Mind the Product

Eighteen months ago travel tech company Almundo started to refine its processes to become a product-driven company. Our goal was to define how we would set and communicate the company strategy, and how that strategy would lead OKRs and backlog definition.

Product Leadership in Scrum

Roman Pichler

Three Types of Leadership. Scrum is a simple framework with three roles: product owner, development team, and Scrum Master. Each role provides a distinct type of leadership. As the product owner, you lead the product and are responsible for its overall success. Lead the Product. Providing the right product leadership is demanding; it requires a specific skills set and usually your full attention as the person in charge of the product.

The art & science of Product Strategy in a crisis, disruption or acceleration

BrainMates

When everything around you is changing, what’s a Product Manager to do? In a Q&A a couple of months ago, someone in the (virtual) audience asked if they should be working on their strategy now, or if they should wait until things calmed down again. Read more about Product Strategy.

How to Overcome 6 Key Product Leadership Challenges

Roman Pichler

Unlike a line manager, you usually don’t manage the development team and stakeholders as the person in charge of the product, and the individuals don’t report to you. You rely on them to design, implement, market, sell, and support the product. Show people that you value their ideas and concerns and involve them in product decisions. The stakeholders come from different business units, for example, marketing, sales, support, and service for a commercial product.

How to Overcome 6 Key Product Leadership Challenges

Roman Pichler

Unlike a line manager, you usually don’t manage the development team and stakeholders as the person in charge of the product, and the individuals don’t report to you. You rely on them to design, implement, market, sell, and support the product. Show people that you value their ideas and concerns and involve them in product decisions. The stakeholders come from different business units, for example, marketing, sales, support, and service for a commercial product.

Is Your Product Vision Moving People in the Right Direction?

The Product Coalition

A meaningful, motivating product vision enables teams to advance to a purpose-driven mindset. Product Leaders face this universal truth daily: Sales wants to close more deals. Product wants to work on the “right” thing. Product Leaders spend much of their time navigating these competing needs. Because Vision without action is a dream. Action without vision is a nightmare Not exactly a Japanese proverb , but close enough.

In Times of Scarcity, Clear Vision Beats Rapid Iteration: Lessons for Business Leaders from Singapore’s Response to COVID-19

Business of Software Conference

In Times of Scarcity, Clear Vision Beats Rapid Iteration – Guest blog post from Radhika Dutt. Radhika is co-Founder of Radical Product Thinking. She has been based in Singapore for the past two years, will be speaking at BoS Conference USA Online as well as running online product masterclasses in the lead up to the event. In Times of Scarcity, Clear Vision Beats Rapid Iteration. These are lessons the government will have to craft a vision to address.

Insights from the #mtpcon London Product Leadership Forum – Part 1

Mind the Product

Held in the lovely Barbican Conservatory , this year’s #mtpcon London Product Leadership Forum brought together a group of senior product leaders for the type of conversations that can only happen behind closed doors. As a result, all of the issues discussed were under the Chatham House rule , so you won’t see any direct quotes, but everything reported here comes from the most forward-thinking people in the world of product. The Forgotten art of Product Strategy.

Why a product roadmap is necessary to socialize your product vision

Innovatemap

One of the most important jobs of a product leader is to make choices, and then rally teams around those choices. Product vision depicts the future the product aims to create and is used to inspire teams and customers.

Product Leadership in Financial Services by Hakim Mendjeli

Mind the Product

What is product leadership? In this ProductTank London talk, Hakim Mendjeli – Managing Director of French Digital , shares his perspective and experience as a practitioner of product leadership in the financial services industry. Products in the financial sector. What a product leader does. Hakim shares his background working in product strategy at large organizations as well as product management at smaller startups.

5 Factors to Consider When Building Your Product Strategy

Amplitude

When it comes to product strategy, there is so much conflicting advice that getting started can be confusing. Some companies’ strategies are so generic that they could mean anything, or nothing at all—as perfectly illustrated in this product strategy madlibs , which fills in the blanks with buzzwords and jargon and calls it a strategy. Besides being vague or gimmicky, another common product strategy pitfall is to list tactics as an overall strategy.

Product Leadership at News UK by Jo Wickremasinghe

Mind the Product

The Times and The Sun, flagship brands of News UK, are on a journey to become more product led in how they develop and maintain their digital assets. To move them forward, Jo has introduced product lifecycle thinking, shared KPIs, product portfolios, and a lean process for testing new ideas. When starting to move an organisation to be more product centric, you’ll find some common characteristics. Move From Product Delivery to a Product Function.

Sustainable Product Strategy: How to Move from Outputs to Outcomes

Amplitude

Roadmapping is at the core of product strategy and product management. As a product person, and the VP of Product at Yesware , I’ve never come to fully embrace the discussion of what each team would deliver, in what sequence and within a long timeframe. Output-focused product roadmaps provide a false sense of certainty, all while limiting product work to a few big bets, which may or may not pan out. Start with company vision and direction.

PALM – a new leadership model for Product Leaders

BrainMates

Stepping up into a leadership role is especially daunting. Product leadership is made even more challenging, as there are very few models (if any) that cover the complexities and requirements of this -broad role which varies significantly between organisations. Product Leaders are often seen as both ‘Deliverers and Do-ers’ and so struggle to be seen as strategic and equal partners at the executive table. A new Product Management leadership model.

Want a Successful Product? Start With A Vision

Sequent Learning

Want a Successful Product? Start With A Vision. Your success as a product manager is pinned directly to the positive contributions to the firm’s bottom line. That means, your product’s business needs to hit the target in the market and fulfill your commitment to the bottom line of the company. Successful products begin life with a spark of inspiration and a vision. If you inherit a product (most of us do), vision isn’t a genetic transplant.

Product Management Across Cultures by Claire Parker

Mind the Product

In this ProductTank London talk, Claire Parker, Group Product Manager at the Financial Times tells us how the strategy for a global publication partnership can be executed. There was a goal to deliver a number of things but no strategy behind it or customer in mind.

Why Product People Should Care About Business Strategy

Roman Pichler

Business Strategy vs. Product Strategy. A business strategy describes how a company wants to achieve its overall aspiration and create value for its users, employees, and shareholders. It’s distinct from the product strategy : The business strategy states how the company will be successful, whereas the product strategy describes how a product will achieve success, as the following picture illustrates.

Six Common Traps that Undermine Strategic Product Management

Mind the Product

Increasingly product managers are expected to think and operate “strategically”, but, as this post will reveal, it’s a requirement that can lead to misaligned expectations and be full of traps for the unwary. Surely we’ve all noticed the increased emphasis on “strategy” as a core competency for product managers? But the actual work of product strategy is neither straightforward nor glamorous, and often leaves ample room for misaligned expectations.

World Product Day: Organization as a Product by Neville Reeves

Mind the Product

At ProductTank Montevideo (Mvd) we celebrated World Product Day earlier this month with a presentation from an awesome product leader, VP of Product Strategy at Rootstrap, Neville Reeves. Neville took us through how he used new mental structures to change the status quo of the company and looked at how you can rethink an organization as a product itself. Presenting the solution, he said: “This is organization as a product.”

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How Lessons From Wargames can Help you Ship Products and Build Strong Teams

Mind the Product

We all know that product is hard , so here are some themes from a very playful activity that will help you get better at it. Shipping products is rough, full of false starts, lousy execution, and a lack of will to kill products quickly. But a bad strategy creates a state of false hope, and can leave you and your team punched in the face after months of work. As a product executive, I deal with the strategy all the time. In product, it may be the opposite.

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Leadership in Product, Connect and Explore Workshop Series.

Bain Public

Career Development Program Details: Whether you are a Founder or part of the Product, Engineering or leadership team, you need actionable strategies and impactful techniques that drive results today. The 3 steps to product innovation.

It is time to talk about Product Leadership

The Product Coalition

It has been a while since the term Product Leadership has gained widespread adoption in blogs, articles and even books. It represents the intersection between Product Management and Leadership; which, in my point of view, have a lot to do with each other. Product Leadership also means a new way of responding to our organisations challenges, much more suited to the digital and transforming era that we live in. PS: Doesn’t it sound a lot like leadership? #3

Product Managers, Make your CEO provide a clear vision

Bain Public

There are so many articles about the challenges and stresses of being a Product Manager. But this is an article about your CEO’s duty to set a vision, to define why your company exists. For some product managers, the thought of talking openly about the void left by a missing vision statement is paralyzing. And as a product leader gets more senior, the need to clearly define the product strategy intensifies. Without it you can't be vision-driven.

Product Roadmaps in Five Easy Pieces

Mind the Product

so my investor said that I need a product manager to do our product roadmap?”. When I worked as a product management consultant clients would often talk about “needing a product roadmap ASAP”. If you’re only going to read one thing: Product Roadmaps Relaunched.

Why We Fail: What I Learned From 5 Years with Friends, Netflix’s Social Strategy

Mind the Product

I write a lot about product strategy, and use Netflix as an example so that others can learn from the company’s success and failure. I often highlight that half of Netflix’s high-level product strategies fail in order to help product leaders to understand how hard it is to launch and grow startups. As a strategy, social makes sense. Product leadership requires optimism. Tunnel vision prevented us from accepting failure earlier.

Business Cases Are Stories About Money

Mironov Consulting

Last week, I had three separate conversations with VPs of Product about business cases… initially framed as “do you have a template we should use so that our team can prioritize big investments?” Unpacking this, it became clear that their product teams wanted to jump straight into generating numbers and spreadsheets to present to executives, but were unclear about the highest-level objectives of their various investments. No software product is made up of only one thing.).

How to Make Sure Your Product Leadership Team Will Boost You Up - Not Drag You Down

Bain Public

As business advisors and executive coaches, we've worked with dozens of CEOs to help them build and grow their product leadership team as they scale their company. People always think that product managers operate this very critical, high-leverage function that, when executed correctly, greatly facilitates the leap past prototypes into a steady return of profits. What Is Product Management Consulting? Within a company, product leaders (i.e.

Measuring Customer Interactions to Unlock Product Discovery

Mind the Product

I’ve been in product for some time now and I’ve seen lots of different frameworks and methodologies, from Pragmatic Marketing to the concepts of Lean, and lots in between. As a VP of product I couldn’t care less about the actual number of interactions with customers and prospects.

5 Ways Product Teams Can Drive an Exceptional Customer Experience Strategy

ProductPlan

I’ve worked exclusively on digital products for over 14 years , primarily in product and design-centric roles. Over 20% of customers took the time to praise the product’s ease of use every month in our Net Promoter Score (NPS) surveys.

Third-Party Software Integration: Best Practice, Perils and Pitfalls

Mind the Product

Product management teams often ask themselves if third-party integration is right for their software product roadmap. The thinking is that you should integrate with products such as Salesforce and Slack, because you never would want to try to build those sorts of products by yourselves. Because of this, look through product management job descriptions and you’ll find many that mention third-party software integration, APIs, strategic partnerships, and so on.

Achieve Leadership Results: Here are 7 Ways for you to Gain Product Momentum

Bain Public

It is no secret that a product manager needs momentum in areas such as product development, product sales and customer adoption in order to succeed. As a product leader, you need momentum to gain executive buy-in as well as engineering and marketing resources so that you can create interest and awareness around your product. Without support from stakeholders to access the resources you need, your product could fail. Product Manager’s Friend: Momentum.

5 Machine Learning Lessons for Product Managers

Mind the Product

What does it mean for us as product managers? We all use AI or machine learning (ML)-driven products almost every day, and the number of these products will be growing exponentially over the next couple of years. According to Crunchbase, in 2018 there were 5,000 startups relying on machine learning for their main and ancillary applications, products, and services. What does it mean for us as product managers? ML takes time and effort to build into your product.

5 Strategies for Burning Down Silos and Building Bridges

ProductPlan

As organizations grow and expand, keeping stakeholders and employees on the same page to drive alignment with your product strategy can be a big challenge. That’s because growth often brings culture shifts, new offices in different locations, and new hires with the different product vision. It’s up to the product leader and product team to unite everyone around the product strategy. Daniel Elizalde, Product Management Coach.

10 top Tips From Product’s Finest Leaders

Mind the Product

As we settle into the New Year we’re already looking ahead to the product leadership forums on our 2020 MTP calendar. As our leadership forums are conducted under the Chatham House rule, you’ll not see any direct quotes from our forums. Join the leadership program.

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Product Roadmap Success: BWP Hosts Lively Roundtable Discussion

bpma ProductHub

By Garima Painuly- One of the constant challenges a product manager faces is creating a focused product roadmap that is aligned with expectations of all stakeholders, and defending that roadmap against distractions. Over 60 product professionals from more than 20 different companies gathered for a lively discussion at BWP’s Product Roundtable hosted by Wayfair on March 28th. Creating a Focused Product Roadmap.

The Activities of a Strategic Product Manager

ProductPlan

A strategic product manager (PM) is responsible for shaping and sharing a strategic vision for a product, and yet—oddly enough—finding time for strategic activities can be a very real challenge. So, how does a product manager take ownership of more than just backlog management? How can you take responsibility for the vision and shape the future of your product when you don’t control strategy at the corporate level?”. Developing a Product Strategy.