Shobhit Chugh’s Post

🚀 Learn how Product Managers can master the art of prioritization using the Eisenhower Matrix. Whether you're launching a new feature or managing a complex project, this tool can help you stay focused on what truly matters. 🚀

Product management is tricky to define in a sentence or a paragraph primarily because every practitioner defines it differently. That said, a few core aspects of product management are always the same irrespective of the company, industry, team size, product type, and team. At its core, product management is: 1. understanding customer's needs 2. identifying pains of meeting the needs 3. building solutions that reduce pain points 4. at the same time, create value for the business Doing this consistently over an extended period is exactly What Product Management is about. With that said, the above definition is still vague. It can apply to any role and function in a company. That is why I decided to unpack product management and break it down into the most basic and important outcomes that PMs need to get for the team and organisation. Here is a snapshot of what this looks like I share the detailed version in my newsletter (that goes live in less than 6 hours.) You don't want to miss this one. -- Sign up and be the first one to read it: https://lnkd.in/eMduxxi9

🚀 Insights from Paul Ford on Product Management: In his thought-provoking piece, "The Most Efficient Way to Debug the Simulation," Paul Ford dives into the challenges and strategies of managing complex product environments. He humorously highlights the importance of streamlining processes, setting clear priorities, and fostering team alignment—a universal lesson for any product manager. Ford's approach to cleaning up the ticketing system resonates with every PM striving for clarity amidst chaos. From tackling ambiguous goals like "World peace" to managing unrealistic expectations, his methodical approach reminds us to focus on achievable milestones and measurable outcomes. As we navigate evolving project landscapes, Ford's insights prompt reflection on our own strategies for prioritization and goal-setting. How do you streamline your team's workflow and maintain focus on essential tasks? Share your thoughts below and let's discuss how we can optimize product management in our respective domains. 📚 Further Reading: Dive into the full article "The Most Efficient Way to Debug the Simulation" on IDEAS by Paul Ford to explore more about effective product management strategies.

Product management is tricky to define in a sentence or a paragraph primarily because every practitioner defines it differently. That said, a few core aspects of product management are always the same irrespective of the company, industry, team size, product type, and team. At its core, product management is: 1. understanding customer's needs 2. identifying pains of meeting the needs 3. building solutions that reduce pain points 4. at the same time, create value for the business Siddharth Arora very insightful table for the product management outcomes. thanks for sharing!

More than anything else effective Product Management means mastering Thought Leadership. Essentially, the ability to get sh*t done with influence and authority. If that sounds easy, its not. Influence and Authority isn't just given, it must be earned. The way to do this is to know your WHY and communicate it with purpose. This extends to having a deep understanding of your business and its customers. Arm your self with data, frame your problems, story-tell your solutions and tie everything back to the customer needs. Success in Product Management is about the effective creation of value and that value cannot be realised, alone. 🚀 #productmanagement

The Changing Tide of Product Management 🌊 Remember when Product Managers (PMs) were the detectives of the business world? 🕵️♂️ They'd dive deep, unearth problems, and craft solutions. Fast forward to today, and the script has flipped. PMs are now handed visions from the top, making them more of vision executors than problem solvers. This shift, especially in startups and growth companies, has its pros and cons. On the one hand, having a clear vision can streamline processes and ensure everyone is on the same page 📃. On the other, it can stifle creativity, leading to a dreaded creative block for PMs. Imagine being a painter told exactly what to paint, down to every brushstroke. It's a bit like that. 🎨 So, how do we strike a balance? Open dialogue, flexibility, and fostering a culture of continuous learning can be the key. After all, while visions guide us, it's innovation that keeps us moving forward. 🚀 In this ever-evolving world of product management, let's ensure creativity isn't left behind. Because a PM's true strength lies in blending vision with innovation. 💡

Your organization's product management maturity level defines how effectively your team can make its strategies and plans happen. How mature is your organization's product management function? We've worked with organizations at all stages of growth, and believe it or not, a company's size isn't directly correlated to how mature its product management function is. A massive enterprise company can have an immature PM function, whereas a smaller company can have a mature PM function. Ultimately, there are three major factors that define your organization's product management maturity level: 🤝 The team Mature PM teams have clear roles and responsibilities — not just for every person within the team, but also for relevant stakeholders from other departments. Because the team is well-aligned, the team makes the correct decisions quickly and clearly. PM doesn't just support the overall company strategy, but also helps to define it. ⚙️ The processes Mature PM teams don't just have well-defined processes, they also monitor the success of their processes and continually improve them. They have reporting to track each product's success against KPIs. 🛠️ The tools Mature PM teams use tools that actively share information rather than keep knowledge siloed. They use optimal tools for all stages of product management: collecting and analyzing customer feedback, prioritization and planning, and team alignment. Which of these areas is your organization strongest in? Where could you improve? Let us know in the comments! #productmanagement #product

Sequel to my last post on things I know better and now understand about product management!!! *The process you take to build a product starts from Product Thinking *Product thinking is how you make a product stand and solve a problem * Product teardown is a mindset PM needs to satisfy customers and drive the core business need *Your product should be Habit-forming to attain Product market fit * In the introduction phase of a product lifecycle, the focus should be to increase the consistency of usage *Number of DOWNLOAD does not equate to number of USAGE The last one for today, the Essence of growth is Strategy!!!! Let me know what else you understand about what product management is!!! I will be glad to hear from you in the comments!!

Applying the Wisdom of "The Four Agreements" to Product Management In my series on "Life & Product," I'm exploring how life principles can be applied in the world of product management. Today, let's delve into Don Miguel Ruiz's "The Four Agreements" and see how they can transform our approach. 📣 1. Be Impeccable with Your Word: In product management, clarity and honesty in communication are key. It's about setting realistic expectations and fostering an environment of constructive, transparent feedback. Whether dealing with stakeholders or guiding your team, the right words build trust and enable successful collaboration. 🛡️ 2. Don’t Take Anything Personally: A crucial skill for product managers is maintaining objectivity. Feedback from customers, peers, or stakeholders is a tool for improvement, not a personal critique. By staying detached, we open ourselves to diverse perspectives and make decisions that are best for the product, not our ego. 🔍 3. Don’t Make Assumptions: In product management, every decision should be data-informed, not assumption-driven. It's about continually asking questions, conducting thorough research, and validating our hypotheses. Avoiding assumptions ensures our products genuinely meet user needs and desires. 🌟 4. Always Do Your Best: Pursuing excellence is a continuous journey in product management. It involves embracing failures as learning opportunities, iterating constantly, and striving for innovation. Our best effort today might differ from tomorrow, but the goal is to keep pushing the boundaries of what's possible. In conclusion, "The Four Agreements" offer more than personal growth; they provide a powerful framework for product management. Embracing these principles, we can create better products and a more effective, fulfilling work environment. Looking forward to your thoughts and experiences with applying life principles to product management in the comments! #LifeAndProduct #ProductManagement #TheFourAgreements #Leadership #Innovation

One would think that the real purpose of product management would become more known over the years. However the more I have the chance to meet & work with new people, the more I realize what Marty Cagan explains in his blogs and books: there are indeed probably only 10-15% of the companies in the world who are truly doing it right. Although the job is already very hard when the company understands what PM bring, it becomes even harder for great product managers when the company doesn’t understand the value they are bringing.