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Product Management Framework

The Importance of a Product Management Framework

What is a Product Management Framework? In order to understand what a Product Management framework is, it’s helpful to understand the literal definition of a framework: a basic supporting structure that underlies a system or process. So a Product Management framework is what guides Product Managers and their company through every phase of the Product Management process and helps to keep a discipline that can be extremely complicated, as organized as possible. Why is a Product Management Framework Important? Team…[continue reading]

Product Development Process

Applying Systems Thinking to Your Product Development Process

Product Managers Are Outsiders in the Product Development Process There are two underlying problems for Product Managers when considering any product development process, whether it is Agile, Waterfall, or a hybrid process. The product development process is a subset of a larger product process (from product conception, to detailed business planning, all the way through end-of-life). However, while the product development process is usually well defined and defended, the overall product process is often ad-hoc, if it exists at all.…[continue reading]

Tesla Agile Development

Tesla Agile Development: Product Management at its Best

Tesla Agile Development: Version 8.0 Software and Product Management at its best. Last week I received the version 8 update from Tesla. For those of you unfamiliar with how updates work with Tesla and the Model S or X, your car connects to your home wifi and then every month or so you get great new features downloaded. In my case, since I purchased my model S one year ago I have received autopilot (the car accelerates, brakes and steers…[continue reading]

Product Vision

Elements of a Compelling Product Vision Statement

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]

Product Owner vs. Product Manager Exploration

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]

Product Manager Salary

Product Manager Salary Statistics

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]

Product Leader Innovation

Product Leader – Your Comfort Zone Kills Innovation

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]