Learn: Products (II)

1. Topics

  • product-market fit
  • project
  • management
  • leadership
  • strategy
  • management
  • execution
  • startups
  • pivot

2. Find answers to...

  • What's difference between project and product management?
  • What is product-market fit?
  • How do you find product-market fit?
  • How do you identify and prioritize product features?
  • What metrics do you use to measure product success?
  • What is a north star metric for a product?
  • What is a pivot?
  • How do you define and communicate the product vision?
  • What are the typical funding rounds for startups and companies trying to raise funds?
  • What is the difference between a product manager vs a project manager?
  • What is the difference between a feature team vs a product team?
  • Who are product leaders? What do they do and what is product leadership?

3. Objectives

  • Spot project management and product management
  • Know what goes into a good product
  • Spot solutions in search of a problem
  • Feel it in your soul when a "product" just ain't it
  • Think user-first, Min/PS/DS last
  • Be aware of how startups and industry get funding, and what metrics/trajectories they prioritize
  • We don't often need product managers, but know when you need one, and know when you don't have one.
  • Be mindful of the transformation and product management theatre

4. My Observations

  • Many products/systems developed by Govt don't solve real & meaningful problems, are slow & laggy, huge wastes of money
  • Product-market fit simply isn't thought about, most certainly not efficiency and working at scale (see: $1 vending machine that dispenses $100 doesn't have product-market fit)
  • Tech product owners are often appointed to the role without relevant skills or experience, and end up roleplaying their idea of what the job requires
  • People who manage products don't talk to users
  • Prescriptive rules in public service restrain engineering teams's ability to innovate, deliver fast
  • Project KPIs are usually an afterthought - KPIs are neither meaningful, ambitious, or a good indication of the product's value (e.g. 70% of users rate 4/5)
  • People always have want to develop something new, without thinking of the long tail that's involved with maintaining something you developed
  • No one is incentivized to terminate their projects/products even if poorly performing, because it means they lose MMF, lose funding, lose appraisal work achievements.

5. Courses

6. Readings

7. Watch on Youtube