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

Reason #1 for process waste – striving for perfection


Taking a product from poor to good requires effort. For this, we need to validate customer pain points, validate the problem-solution fit, and find a model to monetize our solution. Taking a product from good to great requires a different level of effort. We need to find the best offering that can deliver the most impactful end-to-end experience and meet our key business outcomes. However, trying to take a product from great to perfect can be so hard that it actually slows us down. It's not due to lack of talent, time, or resources. It's mostly because no one knows what perfect is. Perfection sometimes is only an aspirational state. It exists only in our minds.

A typical situation that I have faced in many teams is where we depend on one person's final go-ahead before we release anything to production. This happens in spite of set processes in teams where scope had been agreed upon, designs had been iterated and finalized, and code had...