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

We are driven by purpose


Honeycombs are an engineering marvel. The hexagonal shape of honeycombs is optimized to reduce the amount of wax needed to construct the hive, while maximizing the storage capacity. However, building wonderfully crafted honeycombs isn't the raison d'être of the bees. The goal of their existence is to maximize their chances of survival, to keep their lineage alive. Every bee activity is centered around this.

The need to maximize chances of survival is true for nearly every living species, but that does not mean that the queen of the ants should ask her ant army to construct ant hills with wax in hexagonal tubes. It doesn't work that way. Every species has an integral DNA that defines what it eats, how it socializes, how it defends or attacks, how it adapts, and how it survives.

The engineering that went into the honeycomb contributes to a specific way of life that is suited to the bees. It is important to realize that the very first bees didn't initially build wax hexagonal tubes. They iterated over many generations and responded to feedback from nature (which is often harsh and can result in extinction). Bees have pivoted to this model and it seems to have worked rather well for them. Heck, they've even managed to find channel partners in humans!

In the product world, understanding outcomes and user goals is essential to building successful products. A product's success always relates to the end goals it meets. Engineering in isolation adds no business value. The same can be said about marketing or sales. Business functions acting in isolation, without the context of business outcomes or creating value to the customer, are not sustainable. The sooner we define end goals, the better for the business as a whole. After all, we don't want to end up building honeycombs for ants.