Book Image

Effective Platform Product Management

By : Tabassum Memon
Book Image

Effective Platform Product Management

By: Tabassum Memon

Overview of this book

Scaling a platform is a lot different than scaling a product. This is why product managers developing or transitioning to a platform model are often facing completely new challenges – both technical and strategic. But if you want to build the next Amazon, Netflix, Spotify, or a completely new type of platform, then you need to adopt a platform-first approach to change how you invent, develop, and market solutions. This is where Effective Product Platform Management comes in. This book addresses product management as a critical pillar of platform development. It'll help you understand the difference between traditional and modern product management for platforms and even decide whether the platform business model is the way to go for you. As you progress, you’ll be able to build the right platform strategy, define the MVP, and focus on ongoing backlog prioritization for successful platforms. This book will also walk you through the practical steps and guidelines that can ease your organization’s transition from linear products to platforms. By the end of this platform product management book, you’ll have learned the essential aspects of product management for building successful and scalable platforms. You’ll also have a clear understanding of the next steps you need to take to perfect and execute your new platform strategy – and take on the world.
Table of Contents (15 chapters)
1
Section 1: Building the Right Strategy for the Platform Business Model
6
Section 2: Building the Platform
10
Section 3: Measuring the Performance of the Platform

Summary

In this chapter, we discussed the transition journey of businesses from linear products to the platform. We started by understanding the need for transformation. We discussed how disruption occurring in various industries due to rising platforms is inevitable, and hence transforming linear businesses to the platform model is essential. And this transition to the platform model can benefit the entire ecosystem and not just the platform owners.

We learned how to validate whether transforming to a platform model is a viable option or not. Businesses in certain industries are not yet ready to be changed because of the open nature of the platforms and regulations and misuse opportunities in those industries. In some cases, the platform model is advisable for the system, but it may not be suitable for specific players in the system. For example, in industries such as retail, travel, and service crowdsourcing, where platform businesses have proven themselves, the platform model...