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

To build or not to build


Most teams tend to get carried away when seeing a product backlog that has features that offer a great opportunity to employ cool, cutting edge tech. Everyone wants to get their hands on it. It excites the team to go and build a product, even when there are so many products available on the market that can meet business needs quite well.

There are two broad categories of a product in terms of the value that it can produce. The feature can be an enabler or it can be a differentiator. We briefly discussed enablers and differentiators in Chapter 5, Identify the Impact-Driven Product. An enabler is something that can help to support the core business impact. The enabler by itself may not be core to the business, but it helps to deliver or measure business impact. A differentiator, in contrast, is the business itself. One or more core aspects of the business depend on the differentiator. This is what qualifies as the IP (intellectual property, which is the intangible value...