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

Chapter 2: Differences between Linear Products and Platforms

In the previous chapter, we understood the basics of a platform business model and how building the right digital platform is crucial for any platform business. The next step would be to go deeper into understanding the product management aspects of a digital platform. But before going into the weeds of platform product management, it is essential to know how digital platforms are different from traditional linear products at a fundamental level.

This chapter will cover the different stages of the product life cycle and explain the difference between traditional product management and platform product management at each stage. This chapter will cover the breadth of the product life cycle, highlighting the differences between the two approaches. The depth of each of the topics will be discussed and explored in the next chapters of the book.

In this chapter, we will see the overall difference between linear products...