October, 2023

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Unveiling the Art of Product Management: Lessons from the Taylor Swift Movie

280 Group

Just last weekend, my wife, two teenage daughters, and I embarked on a family outing that turned into a profound revelation. We decided to treat our girls to the latest Taylor Swift movie, a decision that was met with boundless enthusiasm and excitement. As the lights dimmed, and the screen came to life, my daughters and wife began to dance and sing along, engulfed in the world of Taylor Swift.

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Special: Level Up Your Product: Innovation with Game Mechanics – with Mike Hyzy and Bret Wardle

Product Innovation Educators

How product managers can gamify their products, process, and career I am interviewing speakers at my favorite annual conference for product managers, the PDMA Inspire Innovation Conference. This discussion is with Mike Hyzy and Bret Wardle, whose session is titled “Level Up Your Product: Innovation with Game Mechanics.” In our competitive landscape, businesses constantly seek innovative ways to captivate users and empower their teams.

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Doing the Wrong Thing the Right Way

The Product Coalition

When the Higher-Powers have made their decision, it’s up to the team to de-risk in real time: A pragmatists survival guide to un-validated demands. Photo by Àlex Rodriguez on Unsplash You wouldn’t read a book from the end to the beginning, watch a film backwards, or get paid by a restaurant to eat there (at least, generally speaking…); yet these simple facts alone are not enough to stop us, as Product Teams, from being regularly tossed un-validated feature demands over the fence by those who kn

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Critical thinking for product managers

Mind the Product

Critical thinking - how should we define it and why is it so important for a product person to master? Read more » The post Critical thinking for product managers appeared first on Mind the Product.

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Platform Product Management Beyond Features: Introducing B-MAP for Platform Ecosystem Success

Traditional PM struggles with the complexities of platform ecosystems. B-MAP framework tackles this challenge. B-MAP goes beyond features, focusing on building, managing, adapting, and partnering to foster a thriving platform ecosystem.

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OKRs vs Outcomes: What is the Difference?

ProductPlan

When you first learn product management, the terminology can get quite confusing. A couple of terms that the product management world introduced to the software product development domain are outcomes and OKRs. Since those two terms are used separately, it’s tempting to think they represent different concepts that are opposed to each other. That’s not the case.

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6 Best Practices for Product Adoption in Financial Services, Media, and Retail

Amplitude

Unlock success in financial services, media, and retail with our expert best practices and real-life companies leading the way in digital product adoption.

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How to Measure Software ROI For SaaS Products

Userpilot

What is software ROI and how to measure it? Why is important for business growth ? These are the main questions the article tackles, so if you’re after the answers, you’re in the right place! We also share benchmarks, important metrics to track, and best practices. Let’s get right to it. TL;DR Software ROI, or Return on Investment , represents the financial and business benefits of implementing a software application while factoring in the cost of the investment.

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GO Product Roadmap Checklist

Roman Pichler

Listen to the audio version of this article: [link] Overview The GO Product Roadmap consists of five elements, as the image below shows: Date, name, goal, features, and metrics. The most important element is the goal: It describes the outcome you want to achieve or the benefit you want to provide. Sample goals include “acquiring new users,” “increasing conversion,” and “reducing cost.

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Retire These Metaphors & Reframe the Discussion to be More Effective

Johanna Rothman

For years, we've used several metaphors to describe software product development: People-based metaphors, such as: Man-weeks for all the humans working on a project or a product. FTE for full-time Equivalent (as in human beings!) “Resources” instead of the words: people, or human beings Construction metaphors, such as: build, which describes how we organize and create a usable product.

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How to Build an Experimentation Culture for Data-Driven Product Development

Speaker: Margaret-Ann Seger, Head of Product, Statsig

Experimentation is often seen as an aspirational practice, especially at smaller, fast-moving companies who are strapped for time and resources. So, how can you get your team making decisions in a more data-driven way while continuing to remain lean and maintaining ship velocity? In this webinar, Margaret-Ann Seger, Head of Product at Statsig, will teach you how to build an experimentation culture from the ground-up, graduating from just getting started with data-driven development to operating

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Ask Teresa: My Leaders Still Want Roadmaps with Timelines—What Should I Do?

Product Talk

Many teams, like sales and marketing, have time-bound goals, like reaching $X in bookings or generating Y leads by a specific date. Product teams are also held to time-bound goals. Empowered product teams, for example, are asked to deliver outcomes each quarter. But sometimes companies take this too far. They ask product teams to deliver specific features by specific dates.

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Trailblazing Women in Product Management: Pinar Alpay, Chief Product & Marketing Officer at Signicat

280 Group

For our next installment of our Women in Product Management Series, I interviewed Pinar Alpay , Chief Product & Marketing Officer at Signicat. Product Managers are the CEO of their products, so they have to be strategic and operational, as well. They have to put themselves in the customer’s shoes, which is what I really love. Nicole : Pinar, I really appreciate your time.

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Creating a clear direction for your product

Mind the Product

Crafting an effective product vision isn't just about being clear and concise; it's also about inspiring people. If you want to make the most of your product vision, there are a few key considerations that will help get you started. Let's dive into them now! Read more » The post Creating a clear direction for your product appeared first on Mind the Product.

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Product Portfolio Management & the Strategic Ripple Effect 7 of 10 – Portfolio Positioning Is What Makes Your Product Positioning More Strategic

Product Management University

Here’s a simple example of portfolio positioning and how it makes your product positioning more strategic. Your accounts payable product improves the customer’s cash flow. It sounds strategic. What CFO doesn’t want a stronger balance sheet? Your accounts receivable product further enhances cash flow. Even more strategic when customers use both, right?

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Reimagined: Building Products with Generative AI

“Reimagined: Building Products with Generative AI” is an extensive guide for integrating generative AI into product strategy and careers featuring over 150 real-world examples, 30 case studies, and 20+ frameworks, and endorsed by over 20 leading AI and product executives, inventors, entrepreneurs, and researchers.

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Alchemer Adds Slack, Shopify, Gladly, and Braze Always-On Workflow Initiators 

Alchemer Mobile

Now you can listen to more events from the systems your business runs on so you can collect feedback in context of your customer’s experience. By Justin Falk, Alchemer Product Manager, and Vanessa Bagnato, Alchemer Director of Product Marketing Every month, we release updates to the library of Alchemer Workflow Initiators, so that you can create always-on surveys and feedback in the context of your customer’s or employee’s experience.

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How to Use Generative AI and LLMs to Improve Search

TechEmpower - Product Management

Artificial Intelligence (AI), and particularly Large Language Models (LLMs), have significantly transformed the search engine as we’ve known it. This presents businesses with an opportunity to enhance their search functionalities for both internal and external users. With Generative AI and LLMs, new avenues for improving operational efficiency and user satisfaction are emerging every day.

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Evaluating Solutions: The 5 Types of Assumptions that Underlie Our Ideas

Product Talk

Assumption testing is at the heart of what good continuous discovery teams do week over week. It’s how we evaluate which ideas will work and which won’t. But before we can test our assumptions, we have to identify them. That’s not always as easy as it sounds. Assumptions are beliefs that need to be true in order for our ideas to succeed. The challenge is that we need to be able to see our assumptions before we can test them.

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Are Pricing Experiments Unethical?

The Product Coalition

Since joining LeanConvert, I’ve been leading a weekly discussion with the team where we delve deep into the philosophical layers of… Continue reading on Product Coalition »

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The Big Payoff of Application Analytics

Outdated or absent analytics won’t cut it in today’s data-driven applications – not for your end users, your development team, or your business. That’s what drove the five companies in this e-book to change their approach to analytics. Download this e-book to learn about the unique problems each company faced and how they achieved huge returns beyond expectation by embedding analytics into applications.

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What we get wrong about technology by Tim Harford

Mind the Product

In the opening keynote at #mtpcon London 2023, behavioural economist and Financial Times columnist Tim Harford outlines two common mistakes people make when thinking about technological innovation. Read more » The post What we get wrong about technology by Tim Harford appeared first on Mind the Product.

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Product Managers Try To Decide How To Handle The Metaverse

The Accidental Product Manager

The Metaverse has arrived, are you ready for it? Image Credit: Juska Wendland Ok, so I think that we all have to agree: the metaverse has arrived. For anyone who didn’t realize that Facebook has renamed themselves to “Meta”, the metaverse is going to be a big deal. If you enjoyed the book / movie “Ready Player One” you know what I’m talking about.

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461: Customer use cases to guide product design – with Lilac Muller, PhD

Product Innovation Educators

Tips for creating customer use cases – for product managers Today we are talking about how to create and use customer use cases to guide product design. Our guest is Dr. Lilac Muller, VP of Product Management at Kymeta Corporation. She oversees product strategy, definition, and launch activities for Kymeta’s mobile satellite communications product line, which is making mobile broadband connectivity around the world ubiquitous.

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Harnessing Monte Carlo Simulations for More Accurate Sprint Planning

Agile Velocity

When it comes to Sprint Planning in the Scrum framework, precision and predictability are paramount. Yet Sprint Planning based on story points and average velocity, while popular, has inherent flaws. First, the assignment of story points is subjective and can vary widely among team members due to differences in experience, perception, and understanding of the work.

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IDC Analyst Report: The Open Source Blind Spot Putting Businesses at Risk

In a recent study, IDC found that 64% of organizations said they were already using open source in software development with a further 25% planning to in the next year. Most organizations are unaware of just how much open-source code is used and underestimate their dependency on it. As enterprises grow the use of open-source software, they face a new challenge: understanding the scope of open-source software that's being used throughout the organization and the corresponding exposure.

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Product in Practice: Stepping Into Your First Product Leadership Role—What to Expect

Product Talk

Stepping into your first product leadership role is a major change. As an individual contributor, you’re focusing on your own projects and progress, but as a leader you are now responsible for the team (or teams) that report up to you. You may find yourself less involved in the day-to-day work of discovery and delivery and more focused on higher-level strategy.

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Emotion AI: How Far Can It Go?

The Product Coalition

Robots with emotions can perform complex tasks better. But how do machines learn to detect emotions, and what business opportunities does emotion AI present? In today’s world, digital media progressively filter communication. Instead of a face-to-face conversation, we send chat messages or schedule a video call. We prefer to shop online, and if we encounter any issues while doing so, we turn to chatbots.

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A case study: How to build useful AI features with a cross functional ‘AI Squad’

Mind the Product

Lightful has been building features with AI tools with a fairly novel approach with an 'AI Squad'. The organisation has been working through daily iterations with a cross-functional team trying to apply product and design theory to the practical part of building AI products. In this case study, Jamie Eliott, Head of Technical Operations shares the team's key learnings from the perspective of tech, design, and product parts of the process.

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Deliver Impact: Why Startups Win with Amplitude

Amplitude

Starting at $49 a month, Our Plus plan lets startups and small teams quickly scale their business with an integrated solution that includes analytics, feature management, and CDP.

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Use Cases for Apache Cassandra®

There’s a good reason why Apache Cassandra® is quickly becoming the NoSQL database of choice for organizations of all stripes. In this white paper, discover the key use cases that make Cassandra® such a compelling open source software – and learn the important pitfalls to avoid. From understanding its distributed architecture to unlocking its incredible power for industries like healthcare, finance, retail and more, experience how Cassandra® can transform your entire data operations.

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457: The right way to apply Kickbox to unleash innovation in your organization – with Ralph Hartmeier

Product Innovation Educators

How product managers can use Adobe’s Kickbox innovation system Today we are talking about using the open source innovation system called Kickbox that was created at Adobe. This is a simple and effective tool for increasing innovation by orders of magnitude in an organization. Our guest is Ralph Hartmeier, co-founder and Chief Commercial Officer of rready, an organization that started from personal experience applying Kickbox, and which now helps other organizations unleash innovation.

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Decoding Self-Serving Bias: A Spy’s Guide to Clear Thinking

Nir Eyal

One Sunday morning early in my career, I arrived at work to find a colleague of mine already there. We were working on a critical piece of software for an upcoming covert operation. He approached me shortly after I sat down at my desk. “That code you were writing was supposed to be done two days ago,” he said. “The operation is tonight, and we can’t go without you.

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Willingness to Pay in SaaS: Definition, Calculation, Factors + More

Userpilot

What’s the willingness to pay? If you’re after the answer to the question, we’ve got you covered! We also look at: how to calculate willingness to pay factors that influence it how product managers can boost it Let’s get right to it! TL;DR Willingness to pay (WTP) is the maximum amount that customers are ready to pay for a product, while willingness to accept (WTA) is the minimum amount that would satisfy a seller.