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

Why do well-made products fail?


“What’s really going to bake your noodle later on is, would you still have broken it if I hadn’t said anything?”– Oracle, The Matrix

Charles Duhigg, in the book, The Power of Habits, explores the launch of Febreze, its initial failure, and how understanding customer context and motivations made it a success. The following is a summary of the case study described in the book.

Procter & Gamble (P&G), a corporate behemoth with a wide range of household products had an interesting experience launching Febreze. It was an innovative product that could eradicate bad odor. It was inexpensive to manufacture, and it could be sprayed on fabrics in homes and car interiors.

The product was so phenomenal in eliminating odor that the team was very confident about its success in the market. The marketing team created ad campaigns using the cues, routine, and reward framework of the habit loop, that Charles Duhigg explains in his book. The cue was an everyday situation...