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

Decision making


When business conditions are fluid and changing, as we uncover fuzzy ideas for the product, we discover more about the factors and variables that affect our business outcomes. Keeping things loosely coupled and flexible can work well in our favor. It can help us to respond to new information better, without being held back by the cost of rework due to choices made previously. If anything, our efforts should be towards getting as much data and upfront analyses as possible. We must think through our options and have a good grasp on the benefits and trade-offs of the options we have, so that when the time to take a decision is nigh, we are well prepared. So, I'm sure we would all agree that in order to make informed decisions better and faster, we need full visibility into all aspects that concern product strategy.

Stakeholders from different businesses and technology functions need to come together to align on strategy. When they do, they must be ready and inclined to share...