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

What is an operating model?

An operating model is something that explains how companies or teams operate to create value. The operating model helps companies structure their teams and create an environment suitable for delivering value efficiently. Different companies and organizations have different ways of working, which is reflected through their operating model.

An operating model defines the path of execution and, when done right, can yield astonishing results, but it can also lead to failures when implemented poorly. Sometimes, brilliant ideas collapse because they are not executed right. Hence, organizations must spend time and effort defining the operating model that works best for their teams and business. It must focus on delivering value with minimum overheads and must be flexible. An operating model must be evolutionary, and it should adapt based on the changing priorities and nature of the business.

The key to building an operating model that can provide results...