Book Image

Lean Product Management

By : Mangalam Nandakumar
Book Image

Lean Product Management

By: Mangalam Nandakumar

Overview of this book

Lean Product Management is about finding the smartest way to build an Impact Driven Product that can deliver value to customers and meet business outcomes when operating under internal and external constraints. Author, Mangalam Nandakumar, is a product management expert, with over 17 years of experience in the field. Businesses today are competing to innovate. Cost is no longer the constraint, execution is. It is essential for any business to harness whatever competitive advantage they can, and it is absolutely vital to deliver the best customer experience possible. The opportunities for creating impact are there, but product managers have to improvise on their strategy every day in order to capitalize on them. This is the Agile battleground, where you need to stay Lean and be able to respond to abstract feedback from an ever shifting market. This is where Lean Product Management will help you thrive. Lean Product Management is an essential guide for product managers, and to anyone embarking on a new product development. Mangalam Nandakumar will help you to align your product strategy with business outcomes and customer impact. She introduces the concept of investing in Key Business Outcomes as part of the product strategy in order to provide an objective metric about which product idea and strategy to pursue. You will learn how to create impactful end-to-end product experiences by engaging stakeholders and reacting to external feedback.
Table of Contents (6 chapters)

Chapter 13. Team Empowerment

In the early stages of product development, effort is creative, experimental, and iterative. The focus remains on finding the product-market fit. The product must prove that business outcomes of growth, sustainability, and influence are achievable. Product-market fit should define the recipe for what works well for the business, while offering the most value to the customers. In this phase, speed, Agility, focus, decision-making, and team empowerment are essential tenets for organizations. This helps them to stay on course without running out of resources. Product management acts as the orchestrator that enables product development. It can help to amplify impact to meet business outcomes and offer customer value. Yet, there are reasons why teams fail.

This chapter addresses the following topics:

  • Tenets of lean software development
  • Why team empowerment is essential for building successful products
  • Two main aspects of empowered teams

Tenets of lean software...