Book Image

Growth Product Manager's Handbook

By : Eve Chen
Book Image

Growth Product Manager's Handbook

By: Eve Chen

Overview of this book

In the dynamic landscape of modern product management, professionals face a myriad of challenges, spanning customer acquisition, monetization, user retention, competition, and technical expertise. To overcome these hurdles, this book crystalizes growth strategies that revolve around harnessing the power of data, experimentation, and user insights to drive growth for a product. This handbook serves as your guide to exploring the essential growth product management models and their applications in various contexts, unveiling their role in enhancing revenue performance and customer retention. Along the way, actionable steps will steer you in implementing these models while helping you better understand your users, experiment with new features and marketing strategies, and measure the impact of your efforts, ultimately guiding you to achieve your customer retention and lifetime customer goals. By the end of this book, you’ll have gained advanced insights into growth product management, models, and growth strategies, and when and how to use them to achieve customer-for-life goals and optimized revenue performance.
Table of Contents (19 chapters)
1
Part 1: A User-Centric Management Strategy
5
Part 2: Demonstrating Your Product’s Value
9
Part 3: A Successful Product-Focused Strategy
13
Part 4: Winning the Battle and the War

Navigating the pitfalls of product planning

While a sound product strategy is essential for success, many challenges can derail effective planning and execution. By anticipating and proactively addressing these issues, product managers can increase the odds of launching and managing successful products. Let’s examine some common product management challenges and some actions growth product managers can take to address them:

  1. Acquiring sufficient customer insights
  2. Unclear problem definition
  3. Lack of prioritization
  4. Weak cross-functional collaboration
  5. Unrealistic timelines
  6. Scope creep
  7. Inadequate skill sets
  8. Insufficient budget
  9. Lack of buy-in
  10. Weak product discovery
  11. Ineffective launch planning

Acquiring sufficient customer insights

A deep understanding of target users is vital for product decisions. However, customer research is often inadequate or non-existent. Surveys may have low response rates or fail to capture meaningful...