June, 2023

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Product in Practice: One Product Manager’s Quest to Adopt Continuous Discovery at Her Company

Product Talk

Adopting continuous discovery can feel like a big, audacious goal. If you’ve never spoken with a customer, how will you be able to set up interviews every single week? If you don’t currently work in a product trio at all, how will you be able to work and make decisions cross-functionally on a regular basis? If you’ve never used an opportunity solution tree before, how will you incorporate this tool into your daily workflow?

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Customer Success, Jobs To Be Done (JTBD) and Quantifying Customer Value

Product Management University

Quantifying customer value can turn the “what have you done for me lately ” question into a productive conversation that results in higher renewal rates and higher sales of add-on products/services. If you’re a customer success manager, it’s a familiar scenario. The time for renewal is fast approaching on one or more accounts. That dreaded question is right around the corner.

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From LaLa Land to The Matrix: Can AI replace product management?

Mind the Product

In this post Jing Hu looks at the astounding pace of the evolution of AI and how the marriage of human expertise with AI capabilities could potentially revolutionize the way we manage products Read more » The post From LaLa Land to The Matrix: Can AI replace product management? appeared first on Mind the Product.

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Can Adobe Make a Master Move to Capture Chatting with Documents?

The Product Coalition

Era of interactive, conversational documents is just around the corner, ready to transform the way we search, learn, and work. The corporate landscape is teeming with PDF documents. In the realm of clinical trials, for instance, the lion’s share of documentation is stored in this format. The same is true for product manuals, the latest scientific research papers, and a multitude of other knowledge resources.

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The Executive Guide to Generative AI

Generative AI is taking the world by storm, but the questions that all CEOs, data leaders, and AI leaders are being asked are: What are we going to do about it, and what is our plan? The business and creative possibilities are practically limitless with generative AI. From productivity gains to finding new routes to revenue generation, generative AI is going to radically transform how we work.

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How Product Risks Differ from Project Risks

Johanna Rothman

Up until now, when thinking about risks, I defaulted to the risks in the project pyramid. That's because each project offers different value over the product's lifetime. (See Product Roles, Part 4: Product Orientation and the Role of Projects for images of why we want ever-increasing product value, but why we might space the projects out.) If we understand our boundaries and constraints, we can trade off the various risks in the project.

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Peacetime CPO VS. Wartime CPO

Dragonboat

Ben Horowitz penned an article of Peacetime CEO vs Wartime CEO, in which he called out different approaches needed in leading companies during different times. As we know, when product wins, business has a chance to win; and when product fails, business will fail soon after. It’s not too far of a stretch to apply […] The post Peacetime CPO VS.

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How to Create a Product Vision That Energizes Stakeholders

Product Management University

Most product managers know how to create a product vision, but that’s not the hard part. The more difficult part is getting stakeholders energized and on board the proverbial train. Here’s the thing. The extent to which stakeholders get behind your product vision has everything to do with how the product vision is articulated. What is a Product Vision?

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How to deal with cognitive bias in Product – Part 1

Mind the Product

In the first of a two-part series, Mind the Product's Principal Strategist Christine Itwaru examines different forms of cognitive bias and looks at what product managers can do to combat them Read more » The post How to deal with cognitive bias in Product – Part 1 appeared first on Mind the Product.

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Cloud Service Platforms: What Software Teams Need To Know

The Product Coalition

A thing to define: AWS vs AZURE vs Google Cloud AWS, Azure and Google cloud platforms are the top of mind cloud service platforms in recent years, yet many software development start-ups do not have the ability to distinguish them. First of all, let’s explore what these cloud service platforms really mean. About Amazon Web Services (AWS): Cloud service platform for startups Amazon’s AWS (Amazon Web Services) is a cloud computing platform that includes infrastructure-as-a-service (IaaS), platform

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Apache Cassandra® NoSQL for the Relational DBA

Unleash the power of NoSQL with "Apache Cassandra® NoSQL for the Relational DBA." Learn from Lewis DiFelice, an experienced Professional Services Consultant at Instaclustr, as he shares his journey transitioning from SQL to managing a 40-node Cassandra cluster. Gain insights into Cassandra's architecture, configuration strategies, and best practices.

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Marketing to Black Audiences is Product Management

Feedback Loop

Pepper Miller, President of the Hunter-Miller Group, highlights how impactful it is for executives to understand their audiences' differences.

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Are you Solving Customer Problems or Just Building Features?

ProductPlan

When your product can do more than it could do before, that sounds like a good thing. Added functionality, new capabilities, a more robust feature set…these are the talking points product marketers salivate over and executives search for on product roadmaps. But are you solving for actual customer problems? In the never-ending race to ship out product updates to keep up with—or ideally, stay ahead of—the competition, it’s easy to get caught up in the flurry of activity and become a feature facto

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13 Key Product Adoption Metrics You Should Start Tracking And Why

Userpilot

Product adoption metrics tell you how well your platform is performing. By regularly tracking them, you can improve your in-app experience and drive higher feature adoption —which translates to more retention and customer loyalty. In this article, we dived into 13 important adoption metrics to measure. You’ll see why they matter to your bottom line and the steps to start calculating them immediately.

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439: Differences and similarities between product and project management – with Peter Monkhouse

Product Innovation Educators

Understanding the roles of product managers, project managers, and product owners Today we are talking about a frequently asked question, which is how are product and project management related. We’ll discuss the differences and similarities between the two. Joining us is Peter Monkhouse. He is a product owner and entrepreneur, with NewGenP being his latest company.

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Download your free copy of Daniel Elizalde's bestselling book: The B2B Innovator’s Map

Product Leader: Learn a proven framework for building B2B SaaS and IoT products. Lead with confidence knowing you have the skills to reduce uncertainty, increase alignment, and maximize impact!

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Product management and fatherhood

Mind the Product

Does being a parent make you a better product manager and vice versa? Titus Chereches thinks so, and here he explains why My wife Adnana and I are blessed with two lovely children: Ravi, who is three, and Lucas, who is six months old. Our days and nights are full and we try to cherish Read more » The post Product management and fatherhood appeared first on Mind the Product.

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Why Are Customer Acquisition Cost and Lifetime Value Important to Calculate?

The Product Coalition

Photo by Patrick Tomasso on Unsplash You’ve heard it before: Customer acquisition cost (or CAC) and customer lifetime value (or LTV) are some of the most important metrics to track in business. Even in product management, the amount it costs to convert a new customer will impact your product’s marketing, price points, and overall roll-out strategy.

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Unlocking Innovation in Japan: 3 Barriers and How to Overcome Them

freshtrax

During a past business trip to Japan, I had the opportunity to reflect on the factors that make it challenging for innovation to thrive in the country. Over two weeks, which was longer than my usual visits, I engaged in client meetings, media interviews, interactions with my company’s Japan office staff, social gatherings with friends, and participation in various events.

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How to Bridge Communications Between Hardware and Software Teams

Gocious Blog

From cell phones to cars and smart fridges to pet feeders, software is increasingly finding its way into hardware products. As a result of this growing trend, manufacturers need to integrate software features into their products to provide more user-friendly, customizable options to satisfy the needs of their customers.

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Untangle the Complexity of Your Digital Transformation With Roadmapping: Confidence and Clarity for the Journey Ahead

Digitalisation is one of the biggest issues faced by companies worldwide and across all industries. The most common motivations for digital transformation include: defending your business against competitors maintaining/increasing your customer base without increasing costs increasing value creation and capture (through changing external and technology contexts) re-evaluating your business model and working out how to reconfigure it to ‘win’ in envisaged future ecosystems and landscapes However,

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SaaS Conversion Funnel: How to Track & Drive Growth

Userpilot

The SaaS conversion funnel adapts the traditional marketing funnel to the unique B2B SaaS environment. The SaaS funnel was designed to help SaaS business owners navigate the tricky world of a high-churn, often oversaturated B2B market. It helps companies identify areas of strength/weakness in their marketing approach and accelerate product growth. This article digs into the SaaS conversion funnel and explores how it differs from traditional funnels.

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We’re bringing event analytics to your data warehouse

Mixpanel

Most of the data our customers analyze in Mixpanel is from user behavior. But when you add in data from across the company—on revenue , customer profiles, etc.—Mixpanel can deliver much deeper insights to help direct wider decisions about the business. Today, we’re introducing Warehouse Events to make it easier to bring in all that extra data. With Warehouse Events, you will be able to natively connect Mixpanel to tables in your data warehouse so our powerful self-serve analytics Boards and repo

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SUNDAY REWIND: Predictive tech and data ethics: Part 1 – the pros and cons

Mind the Product

An examination of the risks associated with predictive tech, and potential routes forward for product people as they consider how to deal with the ethical issues associated with designing products. Read more » The post SUNDAY REWIND: Predictive tech and data ethics: Part 1 – the pros and cons appeared first on Mind the Product.

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How to Hire a Backend Developer: The Ultimate Playbook for Tech Leaders

TurnKey Labs

Ah, the age-old question: How do you hire a great backend developer when you’re running a startup or company? As a CEO/CTO/COO, you know that hiring the right team member is paramount to your company’s success.

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Personalization: The Key to Success for Financial Services Product Managers

According to data from EY, financial customers strongly connect personalization with trust. Rapid technological advances & high consumer expectations have changed the game for financial institution products. User experience now matters just as much—if not more—than the value-add. Listen up, Product Managers! The key to a solid UX is now personalization.

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What Taylor Swift and My Teenage Daughter Taught Me About the Future

Gainsight

If you know anything about me or my leadership style, one thing is for certain: my strategies for being a CEO and a dad have some overlap. For both, I have the same five Taylor Swift puns ready to go on repeat (It’s me, hi, I’m the problem, it’s me), I will always try to capture Brené Brown’s empowering vulnerability, and I will always look to my family for inspiration.

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What Does a Product Manager Do?

Gocious Blog

Many of the world’s industries — from technology to pharmaceuticals — are experiencing an increased demand to make their operations more efficient. In a high-pressure climate like this, having a knowledgeable product manager can help streamline the workflow and maximize the team’s ability to execute a product strategy.

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PMF Survey Template: What Is It and How to Create One?

Userpilot

What is a product-market fit survey ? How do you use a PMF survey template to build one? What’s a good PMF score? If you’re after the answers to these questions, you’re in the right place because that’s exactly what we explore in this article. Let’s get right to it! TL;DR The product-market fit (PMF) survey helps a business measure if its product meets market demand and if it’s good enough that users are ready to pay for it.

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Dear Strategy 134: The Strategy of Politics (From a Neutral Point of View)

Dear Strategy

On this episode of Dear Strategy, we talk about how political strategy correlates with product and business strategy, and why that can create a dangerous environment under the wrong circumstances. But don’t worry – despite the topic, no sides were taken during the recording of this podcast! If you’re interested in strategy training or coaching for your business, please visit us at Strategy Generation Company.

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The Complete Guide to Managing User Feedback

To build better products, you need to listen and act on user feedback. Having an effective feedback management system can help! It can help you not only build the right features, but also avoid wasting time and resources. This guide sheds the light on all that and more. Discover ways of consistently gathering user feedback, prioritizing ideas, planning your roadmap, and closing the feedback loop.

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Innovating in leadership with Janice Fraser

Mind the Product

Janice Fraser is an Author, speaker and innovation leader who has been in the digital landscape for over two decades. We caught up with her this week to talk about her journey into leadership and what he’ll be speaking about at #mtpcon San Francisco 2023 on June 14. Read more » The post Innovating in leadership with Janice Fraser appeared first on Mind the Product.

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Runway Gen-2: Not Quite Midjourney for Video

Crafty CTO

I love Midjourney , use it almost every day to generate the illustrations that are an important component of this blog. In fact, this blog got its name thanks to Midjourney, which delivers the “Illustrated” part. I happily pay $10/mo for these benefits. I’d gladly fork out similar money for something like Midjourney but for video. To that end, some months back I signed up on a waitlist (or something) with Runway.

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Software Development KPIs: Essential Metrics for Managing Remote Dev Teams

TurnKey Labs

As an offshore software development partner, we understand the challenges that come with managing remote dev teams. With the shift towards remote work, it’s more important than ever to ensure that your team is delivering top-quality work while working from different locations.