I’ve always been a big fan of the concept of a “core competency” or “distinctive competency” — the one thing that you, your product, or your company does better than anyone else, and that is difficult to easily replicate. Unfortunately, I find that far too few organizations really understand, at a deep level, what this is — or worse, believe they do but when pressure tested the belief fails to live up to expectations. For some organizations, their core competency is obvious — Amazon has a clear competency in logistics, Zappos has a clear competency in customer service, Google has a clear competency in paid advertising. But for others it’s not so simple. Understanding and being able to articulate your core competencies is essential to success as a Product Manager, and as a product or a company as a whole.
Data v. Opinion: The Ultimate Battle
One of the challenges that we commonly run into as Product Managers is the battle between opinions and data. And though it would be nice to pretend that data always wins, and that there’s always truth in Jim Barksdale’s famous quote, “If we have data, let’s look at data. If all we have are opinions, let’s go with mine,” we know from practical experience that this is simply not the case. Let’s talk about some common situations where data bends to opinion… [Read more…]
Five Differences Between a Junior PM and a Senior PM
Even though it’s been around as a formal role in software organizations for nearly 20 years (or more, depending on who you talk to), Product Management still struggles with a lot of definition problems — what is the role, how do we grow, when do we get promoted and to where, etc. One of the common issues that we run into are companies who don’t have any form of structure around their product teams, who struggle to define the actual differences between their “associate”, “general”, and “senior” Product Managers without simply resorting to the amount of time they’ve been in the role. As anyone with extensive experience in the profession can tell you, how long you’ve been doing the job has little to no bearing on your actual ability to do the job — you can work for 10 years practicing all sorts of bad behaviors that have resulted in zero growth as a Product Manager. Similarly, you can go deep and hard for 2-3 years and come out the other side as a true product leader and influencer, capable of taking on much more advanced products and projects than your companions. Here are a few of the common differences that I think draw dividing lines between a “junior” Product Manager and a “senior” Product Manager, where age is not the most important factor…
How to Be a More Agile Product Manager
Due to the unique role that Product Managers play in most organizations, we’re often capable of being the strongest influences on the overall culture of the product development organization and of the company in general. And while there are many companies out there who are truly only interested in giving lip service to the concept of agility, there are others who actually want to be better, who want to embrace the concepts of agility — and it’s up to us as leaders to influence that and contribute where we can. While there are a lot of different behaviors that we can engage in which are likely to increase the adoption of agile practices across our organization, in my experience there are three key things that we should focus on if we want to broaden the success of agile adoption in our companies…
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The Importance of Knowing What You Don’t Know
As Product Managers, we’re called on a lot to weigh in on questions, considerations, and issues related to our market, our customers, and our products. And we’re often pressured to provide opinions either with or without sufficient data to feel entirely comfortable about drawing conclusions that we know people will rely on and act on — regardless of how carefully we couch our words. It’s par for the course, to some extent, but the more prevalent such requests become, the more we might begin to lose sight of the hazards of engaging in such speculation, and start to leap to our own conclusions without doing our due diligence, even when we do have the time to do so. After all, if we’re truly experts on our market, customers, and products, then we have license to make such gut decisions and skimp on the data collection. WRONG. Part of our job, indeed our necessary role in the organization, is to push for truly data-guided and data-driven decisions — especially when the conclusion isn’t crystal clear (and often when it is). We need to be comfortable stopping the train, or at least slowing it a bit, to do some basic fact-checking before we make decisions that can literally affect the lives and livelihoods of our team members. We owe it to them, and to ourselves, to understand when we’re stepping out of our “known knowns” and into the territory of “known unknowns” (to blithely steal a classic from Donald Rumsfeld).
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