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

Defining the hypothesis


"If you don't know where you're going, any road will take you there." - Lewis Carroll

Product feedback can come in many ways. Chapter 7, Track, Measure, and Review Customer Feedback, outlined some of the internal and external channels used to gather feedback. The problem is that when there is a lot of input from all these channels, we can get overwhelmed. There can be distraction from having too many voices in our ears. We don't know which voice to respond to because we often don't know where we're headed. Many times, businesses respond by listening to the loudest voice they can hear.

After all, the squeaky wheel gets the grease! A complaint on social media, or a suggestion from a close friend or a respected advisor, can suddenly become our focus of interest. It is indeed important that we respond to an influential consumer, whose opinion can cause damage to our brand. However, not every instance requires that we change our product because one user (however influential...