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 5: Defining the MVP and Creating a Platform Roadmap

In the previous chapter, we learned how to define the platform strategy. While understanding the process of creating a platform strategy, we learned that it could not be defined or produced in a vacuum. Platform strategy depends on the business strategy, which depends on the business vision. Hence, to create a strong platform strategy, we must first define our business vision, derive the business strategy from that vision, and formulate the platform strategy. We looked at different types of platform strategies and how to choose the right one based on our business strategy. We explored various components of a good platform strategy and how to put those components together to build a robust and long-lasting platform strategy that will enable our platform's launch, growth, and sustainability.

In the last two chapters, we covered the strategic part of the platform business model and digital platforms in general. After...