Do I Really Need a Product Vision Statement? According to Les McKeown, CEO of Predicable Success, it is estimated that team members make between 20-200 micro-decisions a day that impact the success of a project. When you do the math on how many team members you have this leads to an astounding number of decisions that are being made daily around your product. A compelling product vision statement helps set the boundaries around how quickly and effectively those decisions can…[continue reading]
Regardless of which role or title you may have, you should have at least a basic understanding of the Product Owner vs. Product Manager comparison; similarities, differences, and overlap. Why? In our recent Product Management Team Survey we found that in companies doing Agile development, 70% indicated that the Product Manager is also the Product Owner. If you don’t have a good understanding of both roles (whether you are doing both or just interacting with someone doing one of them)…[continue reading]
The Product Manager salary for a new hire in Silicon Valley is now higher than that of engineers. Looking to find out what a reasonable Product Manager Salary is? This article will give you some statistics about being a Product Manager and what to expect in terms of salary and other benefits. The importance of Product Managers is on the rise. According to CNN Moneywatch, Product Management is now the fourth most important profession in corporations, behind only CEOs, General…[continue reading]
Being a Product Leader Tasked with Disruptive Innovation In the 2006 article “Inhibitors of disruptive innovation capability: a conceptual model” author Marnix Assink found several ways in which large companies inhibit disruptive innovation, including: the inability to unlearn obsolete mental models clinging to a successful dominant design or business concept a risk‐averse corporate climate innovation process mismanagement lack of adequate follow‐through As a product leader you sit at the hub of all of these issues Whether you create the issues…[continue reading]
Vision Built on Uncertainty When I started my career as a young programmer I was tasked with bug fixing as a way to learn the code base….I hated it. It wasn’t challenging enough for me. Now, several decades later as a Product Manager there are times I miss those days. Not for the nostalgia, but for the certainty. Certainty of the problem, certainty of the priority, and certainty of the resolution. I could actually run tests to see immediately if…[continue reading]
Advancing your career by earning a Product Manager Certification can be a highly-effective strategy. This article discusses the benefits of certification and what you can expect to gain by becoming certified. It also discusses the options that are available so that get you the most benefit for the time and money you invest. What is a Product Manager Certification? According to Merriam Webster, certification is defined as “official approval to do something professionally or legally.“ Extending this definition, we can…[continue reading]
The Product Leadership Challenge Product Managers have a most distinct leadership challenge: standing at the hub of a multitude of departments and bringing together people with disparate goals and skills, you have all the responsibility for creating a successful whole product yet you have little formal authority to direct the actions of others. Therefore, successful product management requires highly effective leadership. When leadership is stripped of authority we discover the key element for being able to lead others comes down…[continue reading]
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