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

Is the consumer ready to share feedback?


We have come to place so much emphasis on data and patterns. While data from a large number of folks can tell us a great deal, it cannot tell us everything. Large datasets lack individual context. The general assumption we make about product feedback is that we need to approach specific people and ask for specific information. Keeping our ears to the ground and getting a bird’s eye view of the landscape are both equally important.

When it comes to product feedback, we tend to focus on creating star ratings or a low barrier form. We prefer close-ended questions rather than open comments such as: how would you rate our service? What can we improve about our website? Would you recommend us to a friend?

The missing link I see with this approach is that it helps in confirming our existing assumptions, rather than giving us new insights. It can give us a general health check or a pulse of the consumer sentiment, but doesn’t usually add any other value. I...