Book Image

Effective Platform Product Management

By : Tabassum Memon
Book Image

Effective Platform Product Management

By: Tabassum Memon

Overview of this book

Scaling a platform is a lot different than scaling a product. This is why product managers developing or transitioning to a platform model are often facing completely new challenges – both technical and strategic. But if you want to build the next Amazon, Netflix, Spotify, or a completely new type of platform, then you need to adopt a platform-first approach to change how you invent, develop, and market solutions. This is where Effective Product Platform Management comes in. This book addresses product management as a critical pillar of platform development. It'll help you understand the difference between traditional and modern product management for platforms and even decide whether the platform business model is the way to go for you. As you progress, you’ll be able to build the right platform strategy, define the MVP, and focus on ongoing backlog prioritization for successful platforms. This book will also walk you through the practical steps and guidelines that can ease your organization’s transition from linear products to platforms. By the end of this platform product management book, you’ll have learned the essential aspects of product management for building successful and scalable platforms. You’ll also have a clear understanding of the next steps you need to take to perfect and execute your new platform strategy – and take on the world.
Table of Contents (15 chapters)
1
Section 1: Building the Right Strategy for the Platform Business Model
6
Section 2: Building the Platform
10
Section 3: Measuring the Performance of the Platform

Chapter 3: Research and Validation

In the previous chapter, we understood the difference between linear products and digital platforms and how product management differs for each of them. Now that we have seen how traditional product management techniques must be modified to fit the platform, we can go into the specifics of product management for digital platforms. We will start from the first step of initial research and work our way up to digital platforms' sustainability and day-to-day operations.

Conducting research and gathering insights are essential in any product's journey, and digital platforms are no different. Even though the stage is the same, the techniques and specific data collected and analyzed are very particular in digital platforms. After research comes the validation phase, where we must validate that the concept of a particular digital platform is feasible and viable. This chapter will explain and explore each step of the research and validation phase...