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 learned how platform businesses have revolutionized their respective industries by creating a solid network of producers and consumers who connect via a platform and deliver value.

We looked at how platform businesses are beneficial for all parties involved and why traditional linear businesses need to shift to a platform model and adapt a platform-first approach. We looked at different types of platforms and what roles producers, consumers, and platform owners play in each of these different types of platforms, and why it is essential to have separation of ownership between these parties.

We discussed how building the right digital platform plays an essential role in an overall platform business model's success. In today's world, a platform business's success depends on a highly scalable, flexible, and independent digital platform.

In the next chapter, we will go deeper into understanding the difference between traditional linear products and platforms and how product management is different for them. We will look at a case study of one business case solved with two different approaches: a standalone linear product and a digital platform.