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Develop the Product Strategy Mindset by Microsoft Product Leader

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Develop the Product Strategy Mindset by Microsoft Product Leader

  1. 1. Develop the Product Strategy Mindset by Microsoft Product Leader www.productschool.com
  2. 2. CERTIFICATES Your Product Management Certificate Path Product Leadership Certificate™ Full Stack Product Management Certificate™ Product Management Certificate™
  3. 3. Corporate Training Level up your team’s Product Management skills
  4. 4. Free Product Management Resources BOOKS EVENTS JOB PORTAL COMMUNITIES bit.ly/product_resources COURSES
  5. 5. Develop the Product Strategy Mindset ANAND VISHWANATHAN Principal Program Manager
  6. 6. S P E A K E R Anand Vishwanathan
  7. 7. About Me Product Management ad-tech & monetization enterprise (SaaS & PaaS) consumer Product Marketing Product & Business Strategy
  8. 8. Agenda 1. Product Strategy & developing strategic mindset 2. Components of a Product Strategy 3. Communicating to Stakeholders
  9. 9. Disclaimer Content presented here are solely my own and do not represent the views or opinions of my current or previous employers.
  10. 10. Agenda 1. Product Strategy & developing strategic mindset 2. Components of a Product Strategy 3. Communicating to Stakeholders
  11. 11. Product Strategy “a set of choices a company makes to achieve business objectives” what Products to develop which Market Segments to focus on how to Differentiate & Win how to Position, Price & Sell a sound Product Strategy will ▪ Outline & clarify the core business values & objectives ▪ Define a Plan to achieve a vision ▪ Guide allocation of organizational resources to deliver results ▪ Focuses on short term execution while keeping an eye on the goal lack of Product Strategy leads to ▪ Too much emphasis on the short term ▪ No real goal to execute towards ▪ Vague, Incomprehensible strategy
  12. 12. Marketing Finance Engineering & Design Sales & BD Service & Support Market & Customers Product Management Product Strategy Product Management
  13. 13. Frameworks & Concepts ▪ 5C & 4P Marketing Mix ▪ Porter’s 5 Forces ▪ Jobs to be done ▪ Network Effects ▪ Aggregation Theory ▪ Moats Resources ▪ “The Business of Platforms” ▪ https://stratechery.com/ Tips ▪ step back ▪ take a broad sweeping view of world ▪ evaluate what-ifs ▪ synthesis as well as analysis A Product Mindset
  14. 14. Agenda 1. Product Strategy & developing strategic mindset 2. Components of a Product Strategy 3. Communicating to Stakeholders
  15. 15. Ideation Product Definition Prototyping Design & Development Validation Commercialization Markets Trends Competitive & Ecosystem Advantage Customer Needs Total Addressable Market Product Vision Key Features & Differentiators Target Market Goals Roadmap Business Model Go-to-Market Opportunity sizing
  16. 16. Agenda 1. Product Strategy & developing strategic mindset 2. Components of a Product Strategy 3. Communicating to Stakeholders
  17. 17. Marketing Finance Engineering Sales & BD Service & Support Market & Customers Product Management • Investment/costs • profitability • time to first $ • serviceability of target customer segments • feasibility of current tools/channels • training • incentives & quotas • tradeoff – why build this v/s that • technical feasibility • value prop • segmentation & positioning • messaging
  18. 18. Best Practices ● Know your audience – highlight how their work contributes to the product’s success, how their needs fit into the overall context of the product strategy ● Over communicate ● brown bags, all-hands, posters, shareable roadmap & scorecards ● Big rocks v/s sand – carve out time separately for strategy, repeat every six months, org not static (people come and go), company goals change - periodic communication & refresh is needed ● Looking at long-term v/s short-term ● Possess grit and conviction to the longer term product strategy
  19. 19. Practice ● Entering or expanding on a market ○ What if Amazon were to sell houses? ○ Should DoorDash deliver packages (B2C, C2C)? ● Change Business Model ○ What if search was a subscription product? ○ Why doesn’t Uber own vehicles? ● Build a business on top of a new technology ○ How would Toyota build an autonomous car? ○ How would FedEx use autonomous trucks?
  20. 20. Thank You! WWW.PRODUCTSCHOOL.COM
  21. 21. www.productschool.com Part-time Product Management Training Courses and Corporate Training

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