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 (19 chapters)
Lean Product Management
Contributors
Preface
Another Book You May Enjoy
Index

Selling an idea


"Perfection is achieved, not when there is nothing more to add, but when there is nothing left to take away." - Antoine de Saint-Exupéry

Sir Richard Branson once had to travel to the British Virgin Islands. The airline cancelled his flight because there weren't enough passengers. So, he hired a plane and wrote up on a blackboard the price of a one-way ticket to the British Virgin Islands. He went around selling tickets to the stranded passengers. This is how his airline business was launched.

Of course, it took much more investment, creativity, and business acumen to make a fully fledged airline business. However, selling tickets for the flight was the essential first step. To sell tickets, Sir Richard Branson didn't need to build his own plane. He didn't need elaborate props. A hired plane and a blackboard was enough. This was only because the sales proposition and the market need were compelling.

If we don't have a compelling solution to a market need, then it probably doesn...