Hi there,
Here's my weekly update for July 07, 2020...
🗒️ Empower Product Teams with Product Outcomes, Not Business Outcomes
I’m excited to add Hope Gurion as an official author on Product Talk. She has guest posted here before and has worked with me for years. She coaches teams using my Continuous Discovery Habits curriculum and is helping me bring the Continuous Discovery Habits workshop to more companies. Help me in welcoming Hope as an […] The post Empower Product Teams with Product Outcomes, Not Business Outcomes appeared first on Product Talk.
🗒️ Doing Discovery Well: How to Measure and Guide Your Team
How do you know that you are doing discovery well? If you want to improve your discovery process, what outcomes help you track your progress? I get asked these questions often. I like that teams are trying to take an outcome-focused mindset to their discovery practice. The good news is setting discovery outcomes is no […] The post Doing Discovery Well: How to Measure and Guide Your Team appeared first on Product Talk.
🗒️ What Is Good Retention: An Exhaustive Benchmark Study with Lenny Rachitsky
What does good retention look like across different types of businesses. Lenny Rachitsky and I conducted an exhaustive research effort to find out.
🗒️ What Type of Company Are You and the Growth 2×2
A lot of companies talk about what type of company they are. I talk about breaking that down to find out what really matters, how that changes at scale, and a hack to figure out how to start thinking about growth opportunities.
🎥 YC SUS: Gustaf Alströmer and Eric Migicovsky discuss growth tactics
Forum post: https://www.startupschool.org/posts/32873
🎥 It’s Price Before Product. Period.
Pricing pro Madhavan Ramanujam uncovers a powerful idea: Determine price before you design your product. Here, he details the ways companies trip up when they try to monetize and explains how to do it right.
🎥 Indispensable Growth Frameworks from My Years at Facebook, Twitter and Wealthfront
Wealthfront's former VP of Growth and current President Andy Johns outlines the three mandatory skills of a growth leader.
🗒️ Building a Growth Framework Towards a $100 Million Product
When I joined HubSpot in January 2014 the mission was clear. One, help build the foundation for a new $100M line of business. Two, do it with a freemium and touchless model. The journey was one with many twists, turns, and lessons which I've boiled down into the Four Fits Framework that I went through in the past five posts. In this post, I will walk you through how we laid the foundation for the HubSpot Sales product and set it on course towards that $100M goal.
🗒️ Don't Let Your North Star Metric Deceive You
We’ve all heard the rallying cry of the “One Metric That Matters”. Choose your north star and focus. Grow 7% week over week. If you grow DAUs, the rest will follow. But blindly buying into the concept of the one metric that matters (OMTM) is a fatal oversimplification. In a recent essay, Casey Winters, formerly Growth at Pinterest, says: “The search for one key metric for a complex ecosystem like Pinterest over-simplifies how the ecosystem works and ...
🗒️ How To Launch A Product or Feature To Maximize Growth
Superhuman was founded in 2015 (3ish years ago at the time of writing this). From their landing page, they are building “The Fastest Email Experience Ever Made.” To this day, you can still not sign up and instantly gain access to their product. Yet, they have received more press, word of mouth, and funding than 95%+ of other products. Why? Because they've done the exact opposite of what most do for product and feature launches. Let me explain...
🗒️ Product Operations: The Fuel for Winning Product Strategies
46.8% of product decision makers cite lack of quality data as the main challenge they make when making decisions and only 21.9% always or almost always use data to back decisions.Source: How Decisions Are Made by AlphaEverybody in Product has subscribed to the importance of data as a driver of high quality decision-making by now. But tragically few are able to do it. 😫...
🗒️ Prioritization Shouldn't Be Hard
A while ago, I was interviewing a VP of Product candidate for a client. They were on the case study portion of the interview, where they had to prioritize major initiatives for the company. We explained that the objective wasn’t to get the prioritization completely right, and it was more for ...
🗒️ Making Good Decisions as a Product Manager
A sea of information at a public library in Toronto, c/o burst.shopify.comWhile product managers may not build the actual product, they do produce something very tangible for a team: decisions.July 23 update: in retrospect and from feedback, this framework applies to any role, not just product management.These decisions can be about anything: small ones like a line of copy in the docs, to big ones like what the MVP of a new feature should be.
🗒️ The First Principles of Product Management
Some of the best PMs I know make their decisions based on first principles. A first principle is a “basic, foundational proposition or assumption that cannot be deduced from any other proposition or assumption.”.An example of one that we use for our developer platform team are that “all platform features should be like Lego blocks”, meaning that developers should be able to use any combination of features when building an app.
🗒️ Product Management Mental Models for Everyone
Mental models are simple expressions of complex processes or relationships. These models are accumulated over time by an individual and used to make faster and better decisions.Here’s an example: the Pareto Principle states that roughly 80% of all outputs comes from 20% of the effort.In the context of product management, the model suggests that instead of trying to create 100% of the customer opportunity, you may ...
🗒️ Lots of Good Stuff for Product Managers – Bringing the Donuts 09/21/2017
Note-taking techniques, Women in Product and more - When I started this newsletter I aimed to maintain a few-times-monthly pace, and I did quite well through the first year and a half. Alas, vacations, work, millennial thinkpieces, and the horror of national and global catastrophes took their toll and I’ve been on a bit of a hiatus. I...
🗒️ Why product features matter
Feature factories is the term people use when they’re working at a company who’s idea of product strategy is putting a spreadsheet together with a shopping list of items that need to be delivered with a few dates slapped next to them. But as real as these frustrations are, it’s also worth asking: what if features actually do matter? The post Why product features matter appeared first on Department of Product.
🗒️ Technology Skills for Non Technical Product Managers
The post Technology Skills for Non Technical Product Managers appeared first on Department of Product.
🗒️ Breaking Into Product – Shaun Russell on The Product Experience
Berlin-based Product Coach Shaun Russell was always destined to work in Product. He co-founded Audiobubble while still in school and gave himself all the responsibilities of a Product Manager years before ever hearing of the title. In the years since he’s put a lot of thought into the development of his practice and has spoken [...] Read More... The post Breaking Into Product – Shaun Russell on The Product Experience appeared first on Mind the Product.
🗒️ A Leader's Guide to Metrics Reviews
Ada and I both had the privilege of working at two data-driven companies, LinkedIn and SurveyMonkey, led by two analytically rigorous leaders, Jeff Weiner, and the late Dave Goldberg. Those experiences shaped the way that we both now think about building an effective data-driven product culture. One practice that both companies established was weekly executive-level metrics reviews.
🗒️ Six Types of “Product” Owners
Nearly 20 years after the publication of the first Scrum book, the product owner role is still riddled with misunderstandings. It’s not uncommon for me to meet someone who refers to her- or himself as a product owner, only to discover that the person owns a feature or the product details but not the entire product. Other times, I meet people who ...
🗒️ Product Management – Start Here
There has never been more interest in becoming a product manager. There has also never been so many strong and helpful voices that can help these aspiring product managers (at the end of this article I’ll share several of my favorites). However, there has also never been so much noise and nonsense written about product […] The post Product Management – Start Here appeared first on Silicon Valley Product Group.
🗒️ How to build excellent products in the age of remote work
COVID-19 has forced product managers to suddenly figure out how to work remotely. In many cases, it has not been an easy transition for this multifaceted and cross-functional role. Throw the swiftly shifting market landscape and changing user needs into the mix, and you can see how product managers have
Enjoy,
JP Paiva
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