Pros and Cons of Market Research Tactics

Mind the Product

As the product manager survey results that we published on Mind the Product suggested, listening to the market doesn’t happen enough among enterprise software designers. This is probably the most common means of gathering market feedback by product managers, and with good reason.

Conducting market research–and other innovation insights for product managers Aug 25, 2017

Product Innovation Educators

Tips for conducting consumer and market research for new products. Each week I scour articles, wading through the dogs, and bringing you the best insights to help product managers and innovators be heroes.

Trending Sources

The Secret to Great Product Management

280 Group

Product Management Best Practices Customer Needs Market Research Research YouTube Video

Why Agile Marketing is the Key to Successful Products

280 Group

Can Agile Marketing give you an edge? The past five years have witnessed a sea change in marketing methodologies and processes at a rate that continues to accelerate. The post Why Agile Marketing is the Key to Successful Products appeared first on 280 Group Product Management.

Market research is easy. Visit customers

Under10 Playbook

Market research is easy. Time to market: 10 minutes. This market research technique is what Luke Hohmann calls “The Apprentice,” in his book Innovation Games. Visit customers, with or without sales people. Go on sales calls. Go to user group meetings.

Product Manager vs. Product Owner

Roman Pichler

Product managers used to do the upfront market research, product planning, and requirements definition work. As you may know, the product owner originated from Scrum, where the role is responsible for maximising the value the product creates.

The Secret Product Management Framework

PM Hardcore

A big part of our job is finding these market problems, customer needs and desires. Market research. There are lots of ways to find market problems or customer desires, and I have several earlier posts that cover some of these techniques. Go to Market Challenges.

Why Your Product Must Stand for Something

Mind the Product

A product that tries to be something for everyone ends up delighting no one – least of all the people trying to market and sell them. Advocate market research – The most important thing a product manager can do is understand the target customers’ pain points and needs.

Product Management at General Assembly

Product Manager in Heels

Depending on where you are in the life-cycle of a product or feature, you could be doing market research, writing user stories or testing features before they head out into production. classes general assembly Product Management product/market fit roadmap teaching

The PM’s Guide To Getting Stuff Done: Tackle Your To-Do List in 3 Easy Steps

UserVoice

Aericon has a post on its blog about how they use Asana for product management – we here at UserVoice are also a fan of keeping tabs on marketing projects via Asana. Is your to-do list looking more daunting than doable lately? It happens to the best of us sometimes.

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All I know is coding. Can I become a Product Manager?

Product Management Club

The Outbound PM role : As an outbound PM, you do the market research. You identify the target market, the market size, you build out the initial vision of the product. You lead the overall Go-to-market effort. We get this question a lot.

The biggest challenge for product managers?

Mind the Product

Even before we finished bucketing the answers by theme, it was clear what the primary challenge on most product managers’ minds is: setting roadmap priorities without real market feedback. The most successful product managers tend to be the ones who understand their market best.

TEI 096: Conjoint analysis for product managers- with Brian Ottum, PhD - The Everyday Innovator – Resources for Product Managers and Innovators

Product Innovation Educators

This episode is about market research – what’s in your toolbox for conducting consumer and market research? In that episode we discussed quantitative and qualitative research tools but didn’t go into details about applying Conjoint.

Foundations

Spice Catalyst

Entrepreneur Innovation Job Market Research Marketing Messaging Product Launch Product Life Cycle Framework Product Management Product Marketing Product PlanningFoundations in the Successful Management of Products seeks to define the secret of what makes customer-oriented products, enabling its practitioners to significantly increase its chances of success.

The Challenge of Managing – and Communicating – Customer Insights

Mind the Product

Be they user researchers, data analysts, market researchers, or customer service agents, every team is fighting to legitimise their job role (and livelihood). But in order to do this, an understanding of what their research and insights offer is imperative.

Selection Criteria for Product Management Tools

PM Hardcore

Markets – my segments, their problems, and how to reach them with my solution (and if they are big enough for me to make money). Go to market – how my potential customers hear about my solution, its value to them, and why they should buy my solution instead of our competitor, or instead of doing nothing. We do a lot of market research. We have to take our solutions to market. Tools For What We Do.

Don’t Build Products Just for Power Users

Amplitude

Do some market research. A little research into their practices will give you insight into whether they’ve tried this new suggestion and how it worked out for them. Their name says it all, power users. Users with power.

Smart Home Truths for Product Managers

Mind the Product

While the Amazon Echo Show is an impressive addition to the repertoire of voice and video monitoring systems in this growing market, it’s not the product features that are drawing attention. I believe we are on the edge of steep and continuous growth in the home automation market. The global smart home market is expected to grow at a CAGR of 14.5% The market was worth $24.1 My Twitter feed is full of stories of Amazon seizing the lead in the smart home industry.

How to Win with Superior Decisions

Product Powers

Many of us are guilty of doing some interviews where friendly people tell us what we want to hear and calling it “market research.” Have you ever worked at a company where the CEO or some other executive changes the priorities every week? Where no one can get anything done because they are constantly switching gears?

Structured Customer Visits

The Product Bistro

Yes, it is important to go on sales calls to important accounts, and to do well customer visits, discussing roadmaps, support issues, and the state of the market. Early in a product development process, after the initial marketing requirements are gelling, and you are looking to validate that you are capturing enough needs for the segments you are targeting. Structured Customer Visits are a valuable tool for the marketer or product manager. marketing essentials skills

Businesses needs product managers–and other innovation insights for product managers Sep 1, 2017

Product Innovation Educators

A colleague recently told me about the overt biases of a market researcher he worked with. In this case, the researcher admitted that he focused on data that helped him defend his perspective of product strategy and ignored data that didn’t support his position.

Interview: Advice for the Innovator’s Dilemma with Paul Young

bpma ProductHub

For more than a decade people, departments and entire companies (including his own) have asked Paul Young, currently Vice President of Products at Pragmatic Marketing , to deliver successful and continuously improving products. Understanding your strategy and placement in your market is key.

The Importance of Market Segmentation

The Product Bistro

One of the core responsibilities of Marketing in an organization is to effectively define and track the marketing segments. Often the temptation to be everything to everyone is great within the organization, yet, the wise marketer and product manager knows that targeting key segments makes for a much greater chance of success. Understanding the strengths of your offering, and how it relates to the segments of your market allows you to better guide your investment strategy.

B2C 9

Freelance Consulting and Product Management – Time to Join the gig Economy?

Mind the Product

marketing acumen to promote the nascent consulting business. Some firms may appreciate an outside view on what is happening in the market. When should a start-up hire its first product manager? What responsibilities should this role include?

TEI 073: The pulse of product management and 4 skills that match a 25% increase in pay – with Rebecca Kalogeris - The Everyday Innovator – Resources for Product Managers and Innovators

Product Innovation Educators

Rebecca is the Vice President of Marketing for Pragmatic Marketing. Prior to joining Pragmatic Marketing, Rebecca managed product management and marketing teams at a variety of software companies. Useful links: 2016 Annual Product Management and Marketing Survey.

Structured Visits – Cross Functional Team

The Product Bistro

Even though structured customer visits are technically “ marketingresearch, for them to be valuable requires that many of the key groups in the organization are involved. Engineering – as the owners of the development effort, it is usually very helpful to have them participate so as to understand the needs that are being fulfilled, and to share ownership with marketing for the requirements. marketing essentials research skills

Prioritizing Features; Three Questions About Product Management; SiriusDecisions 2015 Summit

Good Product Manager

Product managers usually have a long list of ideas from a variety of sources – customer or sales requests, competitor products, executive “suggestions,” market research insight – and they need to figure out how to score each idea to separate the good from the bad and prioritize the good ones for development. What traits should one look for in a candidate while hiring for a product manager position in a b-to-b market?

UX 8

Customer Success – an important role

The Product Bistro

Digital Transformation, it’s all the rage, and doing a simple Google search yields a plethora of hits, from training to consultants, to the big market research companies, all weighing in. From the simple: an app on your smartphone to approve purchase requisitions, to the complex: integration of the CRM, the Marketing systems, and the ERP system to provide deep insight into the function and flow of business, and much more were realized every day.

Imagine What a Rock Star Product Manager Could Do With Healthcare Reform

High Octane Product Management

In this case, there’s tons of market research already out there to answer these questions. If you want to up-level the problem solving skills of your team and deliver more valuable solutions, contact Proficientz to discuss how our framework and training programs give your team advanced product management skills for delivering, marketing and selling higher-value solutions. Blog Gathering Market & Customer Insights Portfolio Strategy & Product Planning

SVPMA July Meeting – Steven Haines

The Product Bistro

An interesting role play, Steven lined up 6 victims willing participants, to represent the major functional groups in an organization, Product Management, Operations, Sales, Marketing, Customer Support, and Development, providing each of them a backstory to guide their motivation. On Wednesday, July 6th, I attended the SVPMA monthly meeting.

What does a product manager do? Take 2.

Product Manager in Heels

product manager research strategy team usability user experienceAfter much discussion, I've decided to write another post about the role of product management.

Product Management Job Descriptions

Under10 Playbook

The most common format I see for successful teams is comprised of three roles: a strategic product manager, one or more technical product owners, and a market-facing product marketing manager. PRODUCT MARKETING MANAGER. PRODUCT MARKETING MANAGER.

Building Insanely Great Products

Product Bookshelf

To build great products, design the whole product, including the first experience, the subsequent customer journey, pricing, support, and go to market activities. Fradin races through a lot of concepts and briefly covers topics like pricing, go to market plans, and customer discovery.

The Product Manager vs. the Strategist

Pragmatic Marketing

Both turn grand visions into tangible goods and market realities. To address the range of challenges modern markets present, both perspectives are necessary to win and keep winning. Breaking into the Market Product people find gaps of unmet needs using market research.

Positioning (and naming) in tiers

Under10 Playbook

We were really getting into it when the VP of Marketing interrupted the process to say, “We need to use the word ‘power’ in our messaging. See Market Research is Easy. I was running a positioning exercise with a team of product managers and VPs.

Is the Product Manager CEO of the Product?

Pragmatic Marketing

But when people hear product manager as CEO of the product, many also jump to the conclusion that the product manager is then the product decision-maker, that this person will oversee all the areas of the product, including engineering, sales, marketing, support, etc. Any power or influence product managers exert is based on their product, market or business expertise. Product managers must be experts in both market needs and product capability. A Product/Market Pairing.

Take Charge Product Management

Product Bookshelf

Your company will rely on you to be the most knowledgeable about your product so never take your eye off the market and establish an objective framework to guide your decisions. ” He highlights the role of product manager as knowledge repository about the product, customer, and market.

Are product managers too negative?

Under10 Playbook

” “No, we are focused on the market, not the requirements of a single customer.” Customer and market research provide you the facts that support your message. Product managers are hired to find and solve market problems. Help your company find a solution… using market facts to convey your message. The Emperor’s new clothes.

Ten Years of How To Be a Good Product Manager

Good Product Manager

Here’s a few other things I’ve been working on: I’ll be in San Francisco this Friday, December 9 to present a keynote on “Sorting out Product Marketing and Product Management” at the Product Marketing Community conference. I wrote a post for the SiriusDecisions Marketplace blog on “Going Agile” In Marketing – How Is It Different? Ten Year Anniversary!

A Faster Horse

Product Bookshelf

Ford market researchers identified a new demographic with “nothing to buy that they could afford.” They didn’t ask the market: “what do you want?” It’s always interesting to hear this (the lack of market validation).