1. Workshop
on
Product Mindset
To
Actionable Innovation
NASSCOM GIC
June 18, 2015
Ravi Padaki

2. Ravi Padaki
• Founder, Pravi Solutions
• Innovation and Marketing Consultancy for
R&D Organizations
• Ex Yahoo, HP, Sybase

3. Agenda
What is Product Thinking/Mindset?
The Operating Model for Product Organizations
Converting Ideas into Products
Case Studies

4. Evolution of Product Organizations
Offshored
Product
Development
Shared Product
Leadership for
Global Markets
Product
Leadership for
Emerging/Local
markets
Product
Leadership for
Global
Markets

5. WHAT IS PRODUCT
THINKING/MINDSET?

6. Mindset are Beliefs

7. Mindset Manifestations
MindsetMindset
TeamsTeams
ProcessProcess
DeliverablesDeliverables
Revenue
model
Revenue
model
Success
Metrics
Success
Metrics

8. Building Products Means Living With
Ambiguity

9. Building Products Requires Teams
to be Leaner and Dedicated

10. Building Products Means
Constantly Delivering To The
Markets (with changing needs)

11. Building Products Means Revenues
Are Not Guaranteed!

12. Customer Success Drives
Product Success

13. Mindset Eats Culture For Breakfast
(with due respects to Peter Drucker)

14. LAWS OF PRODUCT MINDSET

15. Laws of Product Mindset
Don’t take the customer at face value
Get to the real need with “WHY”!

16. Laws of Product Mindset
Don’t jump to solutions quickly
Describe the problem space first!
Bigger the Problem => Bigger the Opportunity

17. Laws of Product Mindset
100% of your client’s requirements !=
80% of market share

18. Can one SHIFT to product mindset?
YES!

19. Shift to Product Mindset in 5 Steps
Increase awareness of Product Mindset
Inspire your teams through success stories
Allow them to learn/experiment/fail/learn
Be there to support during the change and failures
Encourage everyone to innovate and not just designated titles

20. PRODUCT OPERATING MODEL

21. Product
Mindset
Org
Design
Decision
Structure
Development
Model
The Operating Model Elements in Product Companies
http://www.pravisolutions.com/operatingmodel

22. Top 10 Tips for Innovation
• Shift to the mindset
• Empathize
• Collaborate (Run Video)
• Challenge Conventional Wisdom
• Don’t Fear Cannibalization
• Speed matters
• Build prototypes first
• Choose the right metrics
• Simplify
• Focus (Run Video)

23. Thank You
Ravi Padaki
Founder, Pravi Solutions
Mobile: (91) 953-557-3939
Email: ravi@pravisolutions.com
Web: www.pravisolutions.com
Do more with ideas…