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Product Vision & Strategy.pdf

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A small presentation inspired by Roman Pichler's work aiming to start a discussion about what product vision, strategy and roadmap are, why to use them and how to take advantage of them.

A small presentation inspired by Roman Pichler's work aiming to start a discussion about what product vision, strategy and roadmap are, why to use them and how to take advantage of them.

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Product Vision & Strategy.pdf

  1. 1. Product Vision & Strategy Vagelis Antoniadis
  2. 2. Product Vision “The product vision is the overarching goal you are aiming for, the reason for creating the product. It provides a continued purpose in an ever-changing world, acts as the product’s true north, provides motivation when the going gets tough, and facilitates effective collaboration.”
  3. 3. Why to build a product vision Why you build the product and why you like to work on it Purpose What change the product will bring to the people Positive change Guides everyone involved t o make a successful product Alignment
  4. 4. How to Build a product vision Tips This is strategy and roadmap You can change strategy to achieve the same goal Not a plan Product Vision Easy to memorize and communicate Keep it short So to inspire and engage people. So it can support strategy changes Think Big When in doubt ask if it’s according to your vision It’s your guide
  5. 5. • A tool to guide you express your product vision and strategy in one page. • A point of reference everytime you feel your strategy is not aligned with your vision • A chart depicting our common understanding about our product goals
  6. 6. TARGET GROUP Which market or market segment does the product address? Who are the target customers and users? NEEDS Which problem does the product solve? What benefit does it provide? PRODUCT What product is it? What makes it stand out? Is it feasible to develop the product? BUSINESS GOALS How is the product going to benefit the company? What are the business goals? VISION What is your purpose for creating the product? Which positive change should it bring about? COMPETITORS Who are your main competitors? What are their strengths and weaknesses? REVENUE STREAMS How can you monetise your product and generate revenues? COST FACTORS What are the main cost factors to develop, market, sell, and service the product? CHANNELS How will you market and sell your product? Do the channels exist today?
  7. 7. Product Strategy “Product strategy is about imagining the future of your product: What offering will it become? Who will it bene fi t? How will it create value? It’s a high-level plan that helps you realise your vision or overarching goal.”
  8. 8. Elements of product strategy Business Goals How the product will bene fi t your company Revenue, cross sell, reduce cost, brand awareness etc It will bind your product performance with your comapny goals (OKRs KPIs) Key Features Describe 2-5 features that make the difference They should differentiate your product Not a backlog or features list Market and Needs Discover the need and the target market, the who and why Most probably a few iteration will be needed here Describe them in a high level   
  9. 9. Product Lifecycle •Strategy is not static, it changes as the product grows •It needs an update maybe even 4 times a year •Different strategy for every product lifecycle stage
  10. 10. Product Roadmap “A product roadmap is a high-level, strategic plan, which describes how the product is likely to evolve over the coming months.”
  11. 11. Product Roadmap A Plan Not a backlog Not fi ne-grained features Not a commitement but a plan Sets expectations Aligns teams Facilitates prioritization Provides reassuarance to the customer
  12. 12. Goal Oriented Roadmap Date Name Goal Features Metrics Coarse-grained Hard deadlines How realistic it is Commitment Version or Friendly name Outcomes Value to create Why invest Biz goals Output Means to an end Limit to 3 Not stories or epics Desired value Measurable
  13. 13. GO Product Roadmap
  14. 14. The whole model Vision Strategy Roadmap Backlog Purpose Positive change Needs Market Key features Biz goals Product goals Dates Features Metrics Epics, stories Mockups NFRs
  15. 15. • It’s a bidirectional cyclic process. Every step provides feedback to the next and affects the previous ones • It’s a collaborative work so everyone participates and ready to implement • It needs the right people and de fi nitely one product manager
  16. 16. Vagelis Antoniadis CEO, Cytech Mobile www.cytechmobile.com twitter.com/vanton_ www.linkedin.com/in/vanton vanton@cytech.gr www.cytechmobile.com Science and Technology Park of Crete, Heraklion, Greece Phone: +30.2810.314127 - Email: info@cytechmobile.com 

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