Reference Pricing

The Product Bistro

An insight into why this works is the concept of “ Reference Price “ This is where the consumer has some institutional memory of what they have paid for a good in the past, and when shopping for similar goods, keeps that “reference” in mind.

Tactical. Operational. Strategic. The Three Rungs on the Product Management Career Ladder

UserVoice

In B2B product management, tactical, operational and strategic refer to layers in the customer organization – not your job responsibilities. Before your mind wanders too far, let’s set the record straight.

B2B 90

Trending Sources

Understanding Scrum

280 Group

In Scrum, these are referred to as User Stories. Let’s start with a birds-eye-view of understanding Scrum. We’ll define the main phases of a Scrum project framework and explore each of these in detail later.

Optimal Product Process Poster for Sale Now

280 Group

Implementing and referring to a proven Product Management framework will help keep a team all on the same page, prevent tasks from slipping through the cracks, and limit critical mistakes.

10 Tips for Creating an Agile Product Roadmap

Roman Pichler

1 Focus on Goals and Benefits.

4 Daily Scrum Tips for Product Owners & Product Managers

Roman Pichler

The Daily Scrum meeting, sometimes also referred to as stand-up meeting, wants to help the development team manage its work. Tip #1: Know what it’s all about. In Scrum, the team collectively agrees to a sprint goal and is responsible for meeting it.

The Product Roadmap and the Release Plan

Roman Pichler

I use the term major release to refer to a version of your digital product that introduces a noticeable change, for instance, by adding or optimising functionality or enhancing the user experience, and it typically results in a new product version—think of Windows 10 or iOS 9.3,

What Does The Internet Of Things Mean To Product Managers?

The Accidental Product Manager

In some cases product managers are referring to what they are offering as being a “hardware as a service”. How will product managers deal with the Internet of Things? Image Credit: cea +.

Mentorship and expectations

bpma ProductHub

References: [1] [link]. The mentorship program at the Boston Product Management Association and how to make the best out of it. Why you might need a mentor in your life. Directing your own life can be equally exciting and daunting thing to do.

Backlog Refinement Takes You from Vision to Value

bpma ProductHub

As a case in point, the team should prioritize creating enabling specifications that are most useful for regulatory compliance, reference information for product support, and for team members who don’t have domain knowledge. References.

People Don’t Buy Capabilities, They Buy Knowledge

PM Hardcore

SAP (the Reference Model). This guy might have too much knowledge. Knowledge is power. Most of our tools and applications deliver capabilities, but users and buyers are always hoping that what they’re buying is knowledge. Knowledge of how to do the job.

The PM’s Toolbox: Product Management Tools and the Problems they Solve

UserVoice

Many companies refer to customer data in Salesforce , and swear by its use as a repository for customer traits… but that’s only one part of the story. It’s no secret that product managers wear a lot of hats.

Climbing the Product Management Career Ladder

bpma ProductHub

In B2B product management, tactical, operational and strategic refer to layers in the customer organization – not your job responsibilities. Contributed by John Mansour. Before your mind wanders too far, let’s set the record straight.

How Product Managers Market Death

The Accidental Product Manager

Instead, they now refer to the ceremony where the dead person is remembered as being a gathering. Death needs to be marketed also. Image Credit: Zach. I’m hopeful that most of us don’t spend a lot of time each day thinking about death.

Let’s Abandon Customers and Users

Mironov Consulting

<soapbox> I get frustrated when internal IT teams refer to their business unit stakeholders as customers. I spend a lot of time sifting through documents, positioning and stories – trying to figure out who we’re talking about.

Product Management for Dummies

Product Bookshelf

Product Management for Dummies covers just about every aspect of the job and is a great reference for new product managers and those who have been in the role for many years and want to fine tune aspects of their craft. Not just for dummies, this book is for everyone.

Books 33

How to Deal with “Sinatra” Stakeholders

Folding Burritos

A very common kind is what we may refer to as the ”Sinatra” stakeholder. First, vertical aligment refers to how the organization’s Strategy is communicated to and accepted by its People.

25 must-read product management articles

Roadmunk

How many times I refer this post to new PMs still surprises me. Highlighting common pitfalls for PMs embarking on data testing , this is a post I constantly reference when dealing with data.

Vision vs. Strategy

svpg

It might be in the form of a story board, or a narrative like a white paper, or a prototype (referred to as a “ visiontype ”). As soon as we demonstrate product-market fit for a new market (usually by developing an initial set of reference customers , the sales force can go out and find more customers in that market. The first is market sizing (usually referred to as “TAM” - total addressable market). Overview.

Minimum Valuable Problem

Tyner Blain

When people talk about “the product,” in my experience, everyone in the room will happily carry the conversation forward, each referring to “the product” with no one clarifying precisely what they mean.

Let’s Fire a Few of Our Customers

Mironov Consulting

Look above the fold on your home page to see what you’re telling the world.) Our best customers are generally getting value in ways we expected, applying our product pretty much as suggested, and might be sales references for new prospects.

Product Management Synapses

Tyner Blain

The person wants to keep the notes together, and available for future reference on the big project which starts next month; and does not want the notes cluttering her desk. You know you’re a product manager when this image causes more than a chuckle.

Organizing a Large Product Backlog

Folding Burritos

We can start out by considering a large product backlog to be something that has both Length and Width : Length refers to the amount of things to do (and the classical list shape); Width refers to the different product areas, modules or initiatives it encompasses.

Decision Time: How Decision Rules Help You Make Better Product Decisions

Roman Pichler

Note that in the picture, I use the term product manager to refer to the person in charge of the product. Decisions, Decisions. “Is Is everybody OK with changing the release goal for Q3?”, asks Julie, the product manager.

Why Product Management Should not be Responsible for Project Management

Mind the Product

Jordan refers to those that do excel at both as “product unicorns” because of how rare they are.

Power Up: Three Ways to Increase Your Product Leadership Power

Roman Pichler

Increase Your Referent Power. To boost your referent power, I recommend focussing on one virtue at a time and practicing it repeatedly—without expecting too much too quickly. Your first power source is your ability to influence others based on your personality and interpersonal skills.

Pricing Foundations

The Product Bistro

If you interact with finance teams, they often will refer to the marginal contribution, and this is what they are implying. This is often referred to as overhead, or plant and fixtures. 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.

On Being a Pragmatic Marketing Instructor

Product Beautiful

This week, I was fortunate enough to receive a new opportunity within Pragmatic Marketing , and accepted a new role as Vice President of Products.

Building an API that Developers Love

Mind the Product

The API builds the frame of reference and lets us understand each other. Maxime Prades (Director of Product at Zendesk) takes you through the experience of building a platform at Zendesk and being part of an API-first company.

Product Managers – You Are Not the CEO of Anything

Mind the Product

In Daniel Pink’s book To Sell is Human , he refers to this skill as the ability to “move” people from one mindset to another. When Ben Horowitz wrote his groundbreaking memo good product manager, bad product manager nearly 20 years ago he described a product manager as the CEO of the product.

Books 136

Understand Your Power To Claim Your Value (Part 2 of 3)

bpma ProductHub

In the previous post, we identified the seven sources of power and highlighted that enduring and authentic power emanates from referent, expert, and connection power sources. Referent power grows when your actions and beliefs are in concert. Contributed by Sarah McCrary.

Fighting Shiny Object Syndrome

Product Powers

What the startup CEO sees as responding with agility to opportunity, the product team secretly refers to as “shiny object syndrome.” Brenda rushed over from her desk in the sales pit. She was clearly excited. She’d uncovered an opportunity to partner with a local firm that would distribute our free demo to a few thousand of their customers and she was convinced it would be an easy way to generate a lot of new business quickly.

This Keystone Habit Will Fuel the Rest of Your Continuous Discovery Habits

Product Talk

Each of the readings will refer you to additional readings, if you want them. I love working as a discovery coach. I work with dozens of teams at several companies spanning many industries.

Books 21

Being Lean: Don’t Speculate to Accumulate, Validate to Succeed

Mind the Product

First coined in the mid 20th century, the term “speculate to accumulate” refers to the need invest (at some degree of risk) in order to make meaningful gains. For me, being Lean is a mindset, going deeper than the build, measure, learn paradigm that is frequently referred to.

It’s time to get your Ph.D. in Sales Comp

Product Beautiful

Many people refer to Sales as “coin operated,” by which they mean that Sales operates in whatever way will help them get the most coins. A few years ago, I was working for a large company here in Austin.

The Alternative to Roadmaps

svpg

A team is typically referred to as a “squad,” which is intentionally small and largely autonomous, working under the common intent , but free to solve problems as they best see fit. I have always loved the General George Patton quote: “Don’t tell people what to do; tell them what you need accomplished, and you’ll be amazed at the results.”

Build Respect in Organizations, Not Families, Part 3

Johanna Rothman

Never refer to a human as a resource. Never refer to a person or people as an FTE (Full Time Equivalent). FTE, especially when we refer to two part-time people as one “equivalent,” is a mechanistic view of the “how do we add all the salaries together” problem as opposed to “how do we create great working relationships among the team and with management when people are not full time” problem.

How Minimum Viable Products & Features Helped Me Write My New Book

Roman Pichler

It’s sometimes also referred to as a feature-fake or experimental feature , a partially implemented feature that is good enough to test if people would want to use it. Minimum Viable Product #1.

Books 33

The Six Essential Books that Every Product Manager Should Read

Mind the Product

I often refer to it when I need a refresher on how to conduct specific activities and how to articulate why we’re doing something to my teams.

Books 116

Choosing the Right Beta Sites

Under10 Playbook

Both Alpha and Beta refer to validating the product’s capabilities ; use an invitation-only launch to validate the product’s promotion.