July 27th, 2016
This week, we present an article written by Melissa Perri on the topic of product strategy, and what you can do as a product manager to increase adoption.
Here’s an excerpt from the article:
Most companies fall into the trap of thinking about Product Strategy as a plan to build certain features and capabilities. We often say our Product Strategy are things like:
- “To create a platform that allows music producers to upload and share their music.”
- “To create a backend system that will allow the sales team to manage their leads.”
- “To create a front of the funnel website that markets to our target users and converts them.”
This isn’t a strategy, this is a plan. The problem is that when we treat a product strategy like a plan, it will almost always fail. Plans do not account for uncertainty or change. They give us a false sense of security. “If we just follow the plan, we’ll succeed!” Unfortunately, there is no guarantee of success here. (I wish there was, our jobs would be SO much easier!)
Read the article: What is Good Product Strategy?
What is good product strategy in your mind? Tell us about it below.Tweet