product-management
Product Management fundamentals
what is a customer?
What is product managment?
A product exists for a reason. That reason is typically to solve a problem(s). Key questions to consider: – What problems do you want the product to solve? – Who has those problems? – How many problems can you effectively address without exceeding your natural capacities and capabilities. – How do you communicate the solution …
What is value?
Phrases with the word value, like “this create value,” and “this is valuable,” are commonly used, but what does creating value actually mean? I’ll put forward that value is created when a problem is solved. I suggest using this definition whenever you see the word value being discussed and see if it doesn’t hold. It …
Why it’ll likely benefit you to understand why you’re following a “best practice” rather than assume it’ll work for you
My thoughts below are from a tweet I shared in response to Shane Parrish making a tweet (he deleted it) about best practices. At the bottom right of this post is a product leadership coach tweet containing an article describing some of the risks of assuming a best practice without context-driven modifications will work for …
Why it may be wise to be skeptical of people who claim to have all the answers
Concepts discussed: Dr. Yeomans is a psychiatrist that in the video below provides a perspective of why people join or follow narcissistic cultures and individuals. The video also speaks to the challenges one faces when leaving such structures. A lot of the video revolves around belief systems which makes sense if you’ve ever observed how …
Why it may be wise to be skeptical of people who claim to have all the answers Read More »
Product management: prioritizing exercises may be more difficult without understanding customers end goals
Someone responded to my tweet and said that “customers don’t know what they want” to which both Allen and I responded:
Strong strategy alone doesn’t produce desired outcomes – commentary on Steve job’s view of this
All this said, I think running a business or service requires a continuous analysis of both the execution and strategy which are components some people and companies overlook and perhaps why most businesses fail. Data from the BLS shows that approximately 20% of new businesses fail during the first two years of being open, 45% …
