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

Summary


Practice trumps theory. While software methodologies and frameworks can guide us, our interpretation and adoption of these frameworks in our unique context matters a lot. The focus needs to remain on measuring outcomes and not the output. Product development needs to factor in business outcomes, customer value, an execution plan, and internal and external constraints to ensure that a holistic end-to-end product experience can be created. Identifying the Key Business Outcomes is an important input to product development, and this should not be a one-time activity. Being cognizant of the business constraints, and staying aligned on Key Business Outcomes, can ensure that we don't lose focus of the metrics that will make our business succeed.

Identifying Key Business Outcomes is the first step towards getting the organization aligned on goals. In the next chapter we will find out about why and how we can invest in these outcomes.