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Recurring Challenges, Betting The Farm and Fist of Two -- Lessons Learned as a Product Manager

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Recurring Challenges, Betting The Farm and Fist of Two -- Lessons Learned as a Product Manager

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Sharing stories from three different products, three different companies and three different points on the product life cycle curve, product management experiences and the lessons learned are discussed.

Sharing stories from three different products, three different companies and three different points on the product life cycle curve, product management experiences and the lessons learned are discussed.

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Recurring Challenges, Betting The Farm and Fist of Two -- Lessons Learned as a Product Manager

  1. 1. Lessons Learned as a Product Manager Recurring Challenges, Betting the Farm and Fist of Two Calvin Marshall
  2. 2. A Recurring Challenge Executive Management Customers
  3. 3. A Recurring Challenge Features or functionality launched without gathering sufficient customer or market information  Customer needs may or may not be met  Individual Customers and their singular needs  Non-customer facing groups drive the process
  4. 4. A Recurring Challenge Executive Management IT Organization Directive: Change Development Program Management Professional Services
  5. 5. A Recurring Challenge Development Program Management Professional Services Customers • Launched with ‘Basic Features’ • Replacement…..not a ‘minimum viable product’ • Lacking Launch Plan • Lacking Roadmap
  6. 6. A Recurring Challenge Executive Management IT Organization Directive: Hold Migrations Product Management Professional Services Customers Sales • Gather data, understand external and internal issues • Quantitative and Qualitative Analysis • Usability testing
  7. 7. A Recurring Challenge Product Management Development • • • • Program Management Prioritize features Change the User Interface Create roadmap Develop staged migration process Professional Services Customers
  8. 8. Lessons Learned A Recurring Challenge  Rather than an inward (company) focus, the focus should be external (customer/market)  Input from all stakeholders in decisions concerning product strategy  Utilize a variety of methods to gain insight into the needs of your customers (or the market)
  9. 9. Betting The Farm Executive Management New Product
  10. 10. Betting The Farm Spending almost all the money you have on something that you think might bring you success....thefreedictionary.com
  11. 11. Betting The Farm Executive Management Commercial Executive Sponsors Operations Information Technology • Launched to even the competitive playing field • Intraprenurial • Pilot – Minimum Viable Product • Soft Launch – Selected Customers • Hard Launch – General Availability
  12. 12. Betting The Farm New Product • Growth…..then a change in focus • Acquisition of a competitor • Product overlap, integration and redirection • Promotional campaigns trump product harmonization
  13. 13. Lessons Learned Betting The Farm  A pilot program: small sample of customers with a minimum viable product (MVP), will enable a team to be agile  Understand to be understood in order to gain credibility  Launching promotional activities without fully addressing product issues is a recipe for absolute disaster
  14. 14. Fist of Two Executive Management
  15. 15. Fist of Two Closed fist: I will block the idea/approach from moving forward. One finger: I have major concerns, we shouldn’t move forward. Two fingers: I have some reservations to discuss. Three fingers: I can support this action. Four fingers: I will work to implement it. Five fingers: I support and can champion or lead this effort.
  16. 16. Fist of Two Executive Management Vice President Director Vice President Product Manager • At the outset, a closed fist for re-launching a product
  17. 17. Fist of Two Director Vice Presidents Sponsorship Product Manager 15 Unique, SelfContained Projects • Create a core team, sub-teams • Identify problem areas • Address several of the issues, however…. • Several ‘showstopping’ issues prevented the re-launch
  18. 18. Lessons Learned Fist of Two  Real commitment from team members, and/or leadership, ensures success  For enterprise wide solutions where there’s a strong sales component, the commission structure is key to driving product placement  If no one owns ultimate accountability, no one takes responsibility
  19. 19. Lessons Learned - Recap  External focus: the customer and the market  Gather input from all stakeholders  Utilize a variety of methods to gain customer insight  Consider launching a MVP/pilot program  Gain credibility through knowledge  Address product issues before heavy promotion  Obtain a real commitment from the team  Sales commission can drive product placement  Accountability: One throat to choke
  20. 20. Calvin Marshall Linked In: http://www.linkedin.com/in/calvinm Twitter: co_marshall Website: http://www.fourpeasconsulting.com

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