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 4: Building a Platform Strategy

In the previous chapter, we explored the first step of platform product management: research and validation of the concept. We understood that it is essential to define the exact problem before arriving at the solution and validating it. We explored different techniques for problem definition and identifying the solution.

We looked at the step-by-step guide to validate our problem and the specified solution. During the validation process, we explored some important types of tests and analyses, such as user feedback, prototype testing, competitor analysis, and pricing analysis, that must be conducted to decide whether to proceed with the identified problem and the solution.

After the research and validation, if we decide to proceed with the platform's development, the next step is to create a platform strategy. In order to define a strong platform strategy that will help introduce our platform to the market and enable its expansion...