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

Feedback blind spots


We can be blindsided about how we seek product feedback. The first blind spot, as we saw, is being unaware of our underlying assumptions. This was described in the examples of Febreze and the tetanus shots. Even when focusing on the right business outcomes and customer value, and having done the necessary market analysis alongside having the technology viability, our core assumptions about how customers will perceive our product can be flawed.

The second blind spot is that of seeking feedback only from the customers that contribute to our success. Focusing only on what works well without trying to explore why our product doesn’t work well for other target segments or certain cohorts within our target segments, can lead to biased insights. Both these blind spots require that we get out of the building, talk to our customers, and resist ideating only based on our existing biases and mental models.

Product feedback is sometimes less about what is being said and more about...