Ambiguity feels comfortable because it gives us a way out rather than risking the possibility of getting turned down. However, it can prevent us from taking control of our own journeys. Getting to clarity by making your desires known is the only way to eliminate ambiguity and put yourself on the path to success.
This article discusses the impact of the internet and artificial intelligence on the virtual and physical worlds. It explores the fading constraints on content creation and social interaction, expressing skepticism about the sustainability and consequences of an unconstrained online environment.
This article discusses the critical role of strong product leadership in companies, emphasizing its importance for empowering product teams, driving innovation, and achieving successful outcomes. It explores alternatives such as command and control leadership, process-oriented approaches, and proxy solutions and ultimately advocates for the indispensability of genuine product leadership for success.
This study examines the concept of a "social media trap," where the value of platforms like TikTok and Instagram increases for users as more peers join, but also causes disutility for non-users. However, the study challenges the notion that product existence always implies positive welfare and suggests a need for regulatory scrutiny of consumer traps in these domains.
This post emphasizes the importance of setting and maintaining high standards in team performance, arguing that such standards foster innovation, creativity, and quality work. It outlines the benefits of high standards, such as maximizing winning chances and motivating high performers, and addresses common challenges and excuses in raising the bar.
Here are two concrete tips for how to generate buy-in when the problem is bigger than your scope but has a local impact on you: First, go one level higher than where you are in the organization when you are thinking about the solution space; Second, make sure the idea you are proposing can affect 15% or more at that level.
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Essential skills for each step of the Product Management ladder include building customer interaction, fast learning, and attention to detail for APMs. As one progresses to higher levels, the focus shifts to skills such as leadership, strategic thinking, and executive management, while spending less time on tasks like micromanaging and low-impact meetings.
2023.12.08·dataanalysis.substack.com·7 min read·TLDR Product Over the past three decades, our endeavors have been dedicated to erecting intricate frameworks atop, or as substitutes for, the elemental fabric of web links, exemplified by entities like Google and TikTok. However, the emergence of Large Language Models introduces the prospect of these models comprehending and interpreting the entirety of web links for us.
This podcast featuring Anuj Rathi, the Chief Product and Marketing Officer at Jupiter Money, dives into how product management in India differs due to cultural and market nuances, requiring a unique approach. Rathi emphasizes a "working backwards" framework, advocates for PMs to be more full-stack, introduces the "4BB" framework for product strategy, and outlines three essential skills for successful PMs while also addressing common pitfalls in leadership.
This post proposes using a “value v.s. effort” ratio to simplify the prioritization process and identify big swings and low-hanging fruit.
This thread critiques academic perspectives on product management, emphasizing the simplicity of achieving product-market fit (PMF) by focusing on finding the right problem, solving it adequately, and ensuring users are willing to pay. It advocates for hands-on experience in building products from scratch to understand the fundamental aspects of PMF beyond theoretical frameworks.
This article dives into product discovery and defines a validated product strategy. It emphasizes the benefits of using a validated strategy to guide product discovery, ensuring that business goals and opportunities are correctly identified and increasing the chances of creating successful products.
The piece highlights the complexity of balancing information sharing with teams and influencing higher-ups effectively, advocating for transparency and intentionality in decision-making to enhance both team success and personal leadership effectiveness.
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Usage-based pricing is great for users, but can be painful to implement. Orb [5] is the drop-in billing solution that just works — for your customer, your teams, and your stack.
There is a trend of increasing specialization in product management. Industry, technology, audience, product type, and skill are all different specializations that PMs can intentionally focus on as their careers progress.
Growth hacking is a systematic process focused on data analysis and testing across various aspects like acquisition, engagement, and retention. Sean Ellis’ approach underscores the importance of understanding customer needs, product-market fit, and aligning messaging with customer preferences for sustainable, long-term growth. He advocates for a cross-functional, data-driven culture, and applying these principles to both B2B and B2C products.
By separating out product backlog (i.e. what you could do) from sprint backlog (i.e. what you will do), you can create more space for both. This article defines these two different backlogs and gives actionable tips on how to use the backlogs together effectively.
This thread critiques conventional performance metrics for product managers, using a scenario where two PMs handle a project differently to show how traditional measures like scope and impact can be subjective. It proposes assessing PMs based on knowledge, teamwork, decision-making, and outcome contribution, questioning whether performance should be measured individually or at an organizational level.
This article outlines a hierarchy of considerations for individuals choosing a startup to join, emphasizing the importance of the company's stage, team quality, culture, metrics, role, and compensation. It advises readers to align their skills with what the company needs, prioritize a strong team and culture, and understand that equity and company performance play crucial roles in compensation in the startup environment.
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Manual QA is error-prone but scaling automated test coverage is expensive and takes years. What's a PM to do? QA Wolf [11] is the answer. They’ll get your app to 80% test coverage in just 4 months [11], plus provide unlimited parallel test runs on their infrastructure. They also have multiple case studies of customers saving at least $200k/year in QA engineering and
The best strategic thinkers predict the future based on what they know today and make decisions based on that prediction. A good decision is one that strikes the right balance of risk and reward - they may not always have a successful outcome. This article gives a framework to make better decisions through 4 steps: identify the decision, analyze success, analyze failure, and make the decision.
This article explores the evolution of the MVP concept in the context of corporate strategy, contrasting the lean startup approach with traditional top-down strategic planning. It suggests a hybrid approach that combines validated learning with strategic decision-making, emphasizing the importance of continuous validation of assumptions in strategy development. The article introduces the Strategy Value Chain framework, which encompasses strategy development, planning, cascading, and execution.
A big part of a PM’s job is to understand how a business works and how a product impacts the different financial levers of a business. This article shares the risks of when PMs only focus on product production but forget about the business aspects.
InVision's failure to evolve alongside the market led to its decline, overshadowed by Figma's deeper integration into the design process. Its decline is a lesson in the power of going deeper into the customer problem. This case highlights the importance of continuous innovation and adapting to changing market needs for product managers.
This piece dives into a PM Lead’s first year at Databricks. He spotlights the PM team's extraordinary seniority within the company and acknowledges the company's strengths while also identifying areas for improvement, including diversity and potential burnout challenges. The post reflects positively on Databricks, noting ongoing achievements in continual learning, team building, anticipation of an IPO, financial goals, and sustained high growth.
A big redesign usually takes a long time to ship but rarely turns out to be successful. Gravity of habit is a user psychology that is frequently overlooked in these redesigns. With the recent shifts in AI, more and more users will likely expect a shift to a new model where products can turn user intent into outcome, instead of requiring users to learn how to navigate designs and redesigns.
This article defines the different stages of the product life cycle: ideation, product development, market introduction, expansion, maturity, and saturation. It also highlights different approaches that will lead to effective product management across the different stages.
Flow is a state in which people are so immersed in doing an activity that nothing else seems to matter. This article provides 8 rules that make it easier for users to get into a state of flow when they engage with a product.
This podcast episode presents a curated collection of 17 insightful interview questions from top product leaders from Retool, Ramp, and more. These questions cover key areas like self-awareness, handling ambiguity, and decision-making. They are useful for both interviewing candidates and preparing for upcoming interviews in Product.
This piece from First Round describes a duo’s path from founding Shippo, finding early traction, and continuously finding product-market fit. It shares a framework on how to balance the core product with new bets and discusses how to use industry outside status as an advantage.
"Exotic Metrics" showcases the tendency of product teams to overcomplicate success metrics, evolving from straightforward measures to complex, unactionable metrics. This common pitfall in product teams leads to metrics that are challenging to calculate, influence, and utilize effectively.
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This post gives an overview of different ways to roll out a new product. It also provides a framework of key factors to think through before making the choice on rollout strategy.
This article provides a PM’s view on 13 product leadership principles that are crucial to the role. The list provides an opportunity for the reader to think through their own biases and philosophies when it comes to product management.
2023.12.01·runthebusiness.substack.com·4 min read·TLDR Product How to move fast to learn - but not recklessly - and take responsibility to improve as you go.
The “Product Manager's Hexagon” outlines six core competencies essential for product managers: leadership, business, tech, design, execution, and personal development. Each area encompasses vital skills like effective communication, market research, software knowledge, design principles, and emotional intelligence.
Mastering the "question behind the question" technique is crucial for effective communication and decision-making for PMs. This article highlights strategies to uncover and address deeper concerns behind surface questions such as cutting neverending back-and-forth or understanding others’ concerns and risks.
Here are 35 ideas to improve a product’s activation flow.
Talking to customers is a valuable way to discover pain points and build user empathy. This article gives concrete and actionable tips to make your next customer interview more effective.