Austin Hay is the VP of Consulting Services for The Growth Practice. He helps Enterprise companies Walmart jumpstart digital product growth. In this talk, he gives lessons in designing and implementing growth practices in the enterprise.
3. About TGP & Me
• VP of Consulting Services at the Growth Practice (TGP)
• TGP is an independent growth consultancy under the mParticle
corporate umbrella.
• Embedded with team as Technical Product Managers at Walmart, Jet,
Turner, Peet’s Coffee, Foursquare and Postmates.
• My Background:
• USC Eng. & Stanford dual MS
• Self Taught Programmer
• 4th
employee at Branch Metrics – helped build, sell and implement
attribution & deeplinking with clients.
• Wore a lot of hats: Product, Marketing, but mostly Technical Sales / Integration
Engineering.
• Scaled team from 1 to 15.
• Launched own mobile growth consulting practice which is now a subsidiary.
• 3-4 employees across 8 clients.
4. We help customers get stuff done.
The Growth Practice is an
independent, technical consulting
practice that helps Fortune 500
clients understand & implement a
best-in-class technology stack.
WHAT IS THE GROWTH PRACTICE?
6. We live and breathe high quality execution.
TGP Core Services:
1. Technology Implementation & Management
2. Growth Stack Design, Strategy, Integration
3. Systems Integration
THE WORK WE DO
8. Why does it feel like
only startups do
growth very well?
LET’S BE REAL…
9. Why does it feel like only startups do Growth?
ENTERPRISE LANDSCAPE TODAY
• Many fortune 500 companies are aggressively learning and trying to implement ”Growth”.
10. Why does it feel like only startups do Growth?
ENTERPRISE LANDSCAPE TODAY
• Many fortune 500 companies are aggressively learning and trying to implement ”Growth”.
• This is great! … however, the problem is that the approach is wrong.
• Folks are taking courses on growth strategy, and firing up their engines to redesign their org charts, without
thinking about tactical execution of growth.
11. Why does it feel like only startups do Growth?
ENTERPRISE LANDSCAPE TODAY
• Many fortune 500 companies are aggressively learning and trying to implement ”Growth”.
• This is great! … however, the problem is that the approach is wrong.
• Folks are taking courses on growth strategy, and firing up their engines to redesign their org charts, without
thinking about tactical execution of growth.
• Before you can run you have to crawl and walk.
• Crawl = investment in tooling, instrumentation.
• Walk = investment in team, structure, people, documentation and systems.
• Run = use your tooling to create leverage, prioritize opportunities, experiment/learn.
12. Why does it feel like only startups do Growth?
ENTERPRISE LANDSCAPE TODAY
• Many fortune 500 companies are aggressively learning and trying to implement ”Growth”.
• This is great! … however, the problem is that the approach is wrong.
• Folks are taking courses on growth strategy, and firing up their engines to redesign their org charts, without
thinking about tactical execution of growth.
• Before you can run you have to crawl and walk.
• Crawl = investment in tooling, instrumentation.
• Walk = investment in team, structure, people, documentation and systems.
• Run = use your tooling to create leverage, prioritize opportunities, experiment/learn.
• As you consider your growth team strategy, remember that the team success begins and
ends with instrumentation – don’t overinvest in people / strategy and underinvest in
execution on tooling.
14. Growth for the Enterprise
• Invest upfront in world-class instrumentation:
• Best in class tools
• Robust, taxonomically accurate data plan
• Single customer view (dynamic audience/static cohort
capabilities)
• Properly scoped, executed, QA’d integrations
• Data feeds w/ ability to feed in propensity & other user
attributes
15. • Invest upfront in world-class instrumentation:
• Best in class tools
• Robust, taxonomically accurate data plan
• Single customer view (dynamic audience/static cohort
capabilities)
• Properly scoped, executed, QA’d integrations
• Data feeds w/ ability to feed in propensity & other user
attributes
• Unify + build a moat
Growth for the Enterprise
16. • Invest upfront in world-class instrumentation:
• Best in class tools
• Robust, taxonomically accurate data plan
• Single customer view (dynamic audience/static cohort
capabilities)
• Properly scoped, executed, QA’d integrations
• Data feeds w/ ability to feed in propensity & other user
attributes
• Unify + build a moat
• Document everything (business goals + tech)
Growth for the Enterprise
17. • Invest upfront in world-class instrumentation:
• Best in class tools
• Robust, taxonomically accurate data plan
• Single customer view (dynamic audience/static cohort
capabilities)
• Properly scoped, executed, QA’d integrations
• Data feeds w/ ability to feed in propensity & other user
attributes
• Unify + build a moat
• Document everything (business goals + tech)
• Growth Process (more on that…)
Growth for the Enterprise
20. • Invest in Instrumentation / Tooling
What executing
Growth actually
looks like
21. The Best in Class Stack
• Paid Attribution with Deeplinking
• Mobile Affiliate
• Real-time Native Geo
• Customer Data Platform (CDP)
• Email, Push, Engagement
• Product Analytics
22. • Invest in Instrumentation / Tooling
• Stand up Growth Team Structure (independent
vs functional model)
What executing
Growth actually
looks like
24. Growth Team Models
EXAMPLE FROM ALEX LE, VP PRODUCT @ REDDIT
• First pillar is the optimization pillar. You
need a sub-team for each step of the overall
Daily Active User (DAU) funnel you're trying
to optimize. These are our steps:
• Recognition
• Acquisition
• Activation
• Retention
• Referral
• Second pillar is the innovation pillar. This
pillar is dedicated to big bets and major
gains that you'd never optimize your way
to. For example, building an entirely new
product that could appeal to a new
segment of users is not an optimization
task. It takes longer, has a different
skillset, and has the opportunity to change
your entire business. That also leads to
growth.
Need both pillars to be successful.
25. • Invest in Instrumentation / Tooling
• Stand up Growth Team Structure (independent
vs functional model)
• Define Growth Values & Strategy
What executing
Growth actually
looks like
26. What are “Growth Values”?
These are the things that define the team and culture you’re trying to create:
• What do you think about measurement and data?
• How do you prioritize and choose what projects?
• What’s your philosophy around shipping products? Quality? Speed? Impact? Define where
and how you fall on this scale.
• What do you think about going from idea to delivery?
• Other cultural or personal values that will influence the team.
27. • Invest in Instrumentation / Tooling
• Stand up Growth Team Structure (independent
vs functional model)
• Define Growth Values
• Document & Preach your Growth Process.
Example:
• Create leverage, prioritize highest value opportunities,
learn/iterate.
• This starts and ends with instrumentation and tooling
which helps marketing, growth, UA and product
marketing style teams experiment and optimize.
• North star metrics
• Experimentation Framework
What executing
Growth actually
looks like
28. North Star Metrics
1. Should represent full funnel (not be pigeon-holed to one part of the customer journey)
2. Easy to understand
3. Relates to revenue
4. Represents natural behavior/ usage frequency of audience and product
29. North Star Metrics
Break North Star metrics down into actionable metrics as f(Breadth, Depth, Frequency and
Efficiency).
• Breadth: is how many active/returning users there are performing your action of value.
• Depth: is the extent of their engagement
• Frequency: is how often the Users engage or perform the action of value
• Efficiency: is how quickly the Users are able to achieve the value
30. North Star Metrics - Example
Breadth Depth Frequency Efficiency
Weekly active
users
# truth signals /
per day
days active per
week
Conversion from
start session to
truth signal
Weekly Content
(Digest)
Streaks (same
category w/w)
purchases, omni
Reminder Push
Reminder Email
(can be intelligent
and dynamic)
Favorites, Likes,
Comment,
Friends,
re-orders, in-store
visits etc.
Deeplink, gmail
actions, email
AMP, beacon to
completion
click through
conversions