Webcast: Optimizing The Product Management Function At Your Company
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Product Management is becoming more and more of a recognized critical function and area of core competence in companies. A recent CBS news story and report showed that Product Management is now the fourth most important job in corporate America, with only CEOs, Executive Management and General Managers higher on the list. With poor product management companies risk building products and services that customers don't want, that don't have the right strategy or that are taken to market ineffectively. The result is that they fail, and the profits and brand reputation of the company suffers. Great Product Management can change all of this, ensuring that companies create products that delight their customers, have winning strategies and maximize profits. Brian Lawley is the CEO and Founder of the 280 Group. He is the author five best-selling books, The Phenomenal Product Manager, Expert Product Management, 42 Rules of Product Management, 42 Rules of Product Marketing and Optimal Product Process and is the former President of the Silicon Valley Product Management Association. He was awarded the Association of International Product Marketing Management award for Thought Leadership in Product Management, and has been featured on World Business Review, the Silicon Valley Business Report. --------------------------------------- AIPMM Membership benefits include the national Product Management Educational Conference, regional conferences, the Career Center, peer Forums, tools, templates, publications and eligibility to enroll in the Certification Programs. The Agile Certified Product Manager® (ACPM), Certified Product Manager® (CPM), Certified Product Marketing Manager® (CPMM), Certified Brand Manager® (CBM), and Certified Innovation Leader (CIL) programs allow individual members to demonstrate their level of expertise and provide corporate members an assurance that their product professionals are operating at peak performance. http://www.AIPMM.com Subscribe: http://www.aipmm.com/subscribe LinkedIn: http://www.linkedin.com/company/aipmm Membership: http://www.aipmm.com/join.php Certification: http://aipmm.com/html/certification Webinar Series: http://aipmm.com/aipmm_webinars/ Articles: http://www.aipmm.com/html/newsletter/article.php Moderated by Cindy F. Solomon, CPM, CPMM Founder, Global Product Management Talk @ProdMgmtTalk Global Product Management Talk: http://www.prodmgmttalk.com http://bit.ly/nbw9Yr http://startupproduct.com
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Webcast: Optimizing The Product Management Function At Your Company
- 1. AIPMM Webinar Series http://www.aipmm.com © AIPMM 2013
- 2. © AIPMM 2013 http://www.aipmm.com
- 3. Founded 1998 Largest Product Management professional group Provides professional development and certification • Certified Product Manager • Certified Product Marketing Manager • Agile Certified Product Manager • Certified Innovation Leader © AIPMM 2013
- 4. Today’s Speakers Moderator: Cindy F. Solomon, CPM, CPMM Founder, Global Product Management Talk & Startup Product Summit http://www.BlogTalkRadio.com/ProdMgmtTalk and http://startupproduct.com Twitter: @ProdMgmtTalk @startupproduct @cindyfsolomon Presenter: Brian Lawley CEO and Founder 280Group © AIPMM 2013 @AIPMM #prodmgmt http://www.aipmm.com
- 5. Stay on To Win! •Keep your Chat box open! •Post your Questions in the Questions box during the session for Brian to answer during the Q&A at the end! Participants who ask questions will be entered into the drawing to win valuable resources from 280Group! All Winners will be announced at the end of the session! © AIPMM 2013 @AIPMM #prodmgmt http://www.aipmm.com
- 6. FEATURED PRESENTATION © AIPMM 2013 http://www.aipmm.com
- 7. Optimizing Product Management Brian Lawley Founder & CEO, 280 Group Optimal Product Management & Product Marketing™ Assessments Consulting Contractors Training Certification Templates Books www.280group.com ©2011 280 Group LLC. All rights reserved. 7
- 8. Agenda • About • People • Process • Tools • Making it stick • Q&A ©2011-2013 280 Group LLC. All rights reserved. 8
- 9. First, a gift for all of you! http://tinyurl.com/freeoppbook ©2011-2013 280 Group LLC. All rights reserved. 9
- 10. Giveaway! ©2011-2013 280 Group LLC. All rights reserved. 10
- 11. Optimal Product Management & Product Marketing™ Assessments Consulting Contractors Training Certification Templates Books ©2011-2013 280 Group LLC. All rights reserved. 11
- 12. Optimal Product Management™ • Phase I: Assessment • Phase II: Training & Education • Phase III: Coaching, Mentoring & Seminars • Phase IV: Add’l certifications, portal, handbook Phase Phase Phase Phase I II III IV ©2011-2013 280 Group LLC. All rights reserved. 12
- 13. Optimal Product Management People Learning Process Feedback Tools ©2011-2013 280 Group LLC. All rights reserved. 13
- 14. People • Clarify roles • Right people • Baseline skill set ©2011-2013 280 Group LLC. All rights reserved. 14
- 15. Roles and responsibilities ©2011-2013 280 Group LLC. All rights reserved. 15
- 16. Roles and responsibilities Director of Product Management Portfolio Planning Strategic planning resource allocation PLC strategy pricing strategy competitive analysis (company & financial level) Product Management Product Marketing Inbound Outbound • Customer research and insights • Launch and marketing plans • Business case analysis • Features and benefits • Positioning • Messaging by market and role • Product Road mapping • Training • Market req. & prioritization • Sales tools • Whole product definition • Product Launch • Differentiation and desirability • Marketing program • Feature/cost/schedule tradeoffs • Success stories • Develop product req. w/ eng. & UX • Market analysis • Competitive analysis • Competitive analysis (product and market position) (price, promotion, and place) • Beta programs Product Management vs. Product Marketing White Paper: www.280group.com resources section ©2011-2013 280 Group LLC. All rights reserved. 16
- 17. Right Person for the Job • Skills • Interest • Team fit • Needs ©2011-2013 280 Group LLC. All rights reserved. 17
- 18. Baseline Skill Set • Match responsibilities • Communicate expectations • Training • Coach/Mentor • Reading • Quarterly review ©2011-2013 280 Group LLC. All rights reserved. 18
- 19. Process • Can be a dirty word • Benefits • Not the end goal • “Lightweight” as possible • “Context” dependent • Buy-In Lightweight Product Process White Paper: www.280group.com resources section ©2011-2013 280 Group LLC. All rights reserved. 19
- 20. Process: Context • Team • Size and maturity • Commitment • Dependencies • Development method Startups Large companies Founder-driven Dependencies Sales/Eng-driven Bureaucratic “Lucky” No process (chaos) Lightweight More formal All process (no work done) ©2011-2013 280 Group LLC. All rights reserved. 20
- 21. Lightweight ©2011-2013 280 Group LLC. All rights reserved. 21
- 22. What About Agile? • Still need other phases • Development phase changes • Even more critical • Get CLEAR on rules ©2011-2013 280 Group LLC. All rights reserved. 22
- 23. Assessing Process • Identify the process(es) being used • Get clear on context • Compare against best practices • Identify strengths/weaknesses • Eliminate inefficiencies • Bolster weak areas ©2011-2013 280 Group LLC. All rights reserved. 23
- 24. Tools • Map to the process • Productivity • Leverage • Consistency • Appropriate for “Context” – Templates – Software – “Just enough” ©2011-2013 280 Group LLC. All rights reserved. 24
- 25. Product Manager’s Manual ©2011-2013 280 Group LLC. All rights reserved. 25
- 26. Product Management Portal ©2011-2013 280 Group LLC. All rights reserved. 26
- 27. Making it stick • Develop plan – Charter – Roles – Process – Tools • Management support • Communicate to peers • Be a broken record • Tie into reviews • Carrots & sticks • Quarterly PM summit • Sharpen the saw Product Management Manifesto: www.280group.com resources section ©2011-2013 280 Group LLC. All rights reserved. 27
- 28. 280 Group Can Help! • PM Assessments • Upcoming Public Training • Get Certified! • Custom Private Training • Consulting Projects • Contractors • Templates • Books ©2011-2013 280 Group LLC. All rights reserved. 28
- 29. 280 Group Resources • Free templates • White papers • Product Management Manifesto • Optimal Product Management Newsletter • 280 LinkedIn Group • PM job hunting/listings • Optimal Product Management Blog • 280 Group Press books Go to www.280group.com/signup and in the “Resources” section. 29 ©2011-2013 280 Group LLC. All rights reserved. 29
- 30. Giveaway! ©2011-2013 280 Group LLC. All rights reserved. 30
- 31. Q&A contact@280group.com (408) 834-7518 ©2011 280 Group LLC. All rights reserved. 31
- 32. Please Join Us Again! AIPMM Webinar Series: Friday April 12 How To Create A Culture For Product Excellence http://aipmm.com/aipmm_webinars/ Global Product Management Talk: Monday April 8 Human Centered Design with Chris Pacione CEO, LUMA Insititute http://www.blogtalkradio.com/prodmgmttalk Stay Informed! Newsletter: http://www.aipmm.com/subscribe LinkedIn: http://www.linkedin.com/company/aipmm Membership: http://www.aipmm.com/join.php Certification: http://aipmm.com/html/certification/ © AIPMM 2013 http://www.aipmm.com
Editor's Notes
- The Certified Innovation Leader body of knowledge and credential is aligned with The Association of International Product Marketing and Management. AIPMM was founded in 1998. It provides professional development, training, and certification to those involved in product management, such as product managers and developers, marketing managers, brand managers, project managers, and many more. The certified innovation leader credential is one of four certifications provided by AIPMM. The others include: certified product manager, certified product marketing manager, and agile certified product manager.
- Director of PM will prioritize markets and segmentsPM – understand customer needs and develop business cases for solving customer problems at the product levelPMM – understand features and benefits and how those tie to customer problem"marketing programs" means PR, advertising, direct, website, events, etc. -- the whole marketing mixWhoe Product Definition deals with the actual product, the packaging and out of box experience, and all necessary supporting srervices (such as support, accessoriesAs with anything that tries to assign tasks with roles, this is not set in stone. The goal is to list the most logical owner, but every company needs to determine how to split these tasks based on skill sets of its employees and where in the lifecycle a product is. So I think any framework comes with caveats.As far as the location of “markets” at the top and “customers” at the bottom. The Dir., PM, and PMM must understand both, but I was trying to suggest the Dir. Concerns themselves more with markets. Which markets and market segments to be in, which are growing, which are shrinking, which are changing, do we grow by taking our product to a new market or by creating new products for an existing market? The PM and PMMs are working very closely with customers and finding shared problems that make a market. But they start bottoms up and the dir, starts tops down. Let me know if this is lost or confusing.I think the side bars are clearer, but let me know. But the main internal interface for PM is development and the main internal interface for PMM is basically every other department. I’ve kept “inbound” and “outbound.” I’ve always found this notation helpful. It is not to say the boundaries are firm between all parties, but that primary inbound responsibility is the PM and primary outbound is the PMM. For me, inbound is what I call listening activities. Those things that feed into the product until it is built. Outbound is a broadcasting activity letting the world know about the product and stepping the target market through the awareness, consideration, trial, purchase, and evangelism cycle. However, I’d like to hear more thoughts on this. I think barbara and Jim makes some good points, there are some inconsistencies and is this label actionable? Is there a better label? Should there be no label?Pricing – I kept that with the director. I agree the PM needs to have input into it and target price is a design input. But if someone has to own it, I think it is the director. I have not added the term VOC but have the idea. Let me know you think VOC should be there.I’ve added competitive analysis to all three roles (Dir = company and financial analysis), (PM=product analysis), (PMM = price, promotion, and place analysis). Does this make sense?I was using the term “market requirement” and “PRD” which was inconsistent. I know use “market requirement” and “product requirement”. FYI – aim is introducing “customer requirement” which is the idea that each person has their requirements. When enough share the same thing it is a market requirement. s, warranty, value added services.)
- Director of PM will prioritize markets and segmentsPM – understand customer needs and develop business cases for solving customer problems at the product levelPMM – understand features and benefits and how those tie to customer problem"marketing programs" means PR, advertising, direct, website, events, etc. -- the whole marketing mixWhoa Product Definition deals with the actual product, the packaging and out of box experience, and all necessary supporting services (such as support, accessoriesAs with anything that tries to assign tasks with roles, this is not set in stone. The goal is to list the most logical owner, but every company needs to determine how to split these tasks based on skill sets of its employees and where in the lifecycle a product is. So I think any framework comes with caveats.As far as the location of “markets” at the top and “customers” at the bottom. The Dir., PM, and PMM must understand both, but I was trying to suggest the Dir. Concerns themselves more with markets. Which markets and market segments to be in, which are growing, which are shrinking, which are changing, do we grow by taking our product to a new market or by creating new products for an existing market? The PM and PMMs are working very closely with customers and finding shared problems that make a market. But they start bottoms up and the dir, starts tops down. Let me know if this is lost or confusing.I think the side bars are clearer, but let me know. But the main internal interface for PM is development and the main internal interface for PMM is basically every other department. I’ve kept “inbound” and “outbound.” I’ve always found this notation helpful. It is not to say the boundaries are firm between all parties, but that primary inbound responsibility is the PM and primary outbound is the PMM. For me, inbound is what I call listening activities. Those things that feed into the product until it is built. Outbound is a broadcasting activity letting the world know about the product and stepping the target market through the awareness, consideration, trial, purchase, and evangelism cycle. However, I’d like to hear more thoughts on this. I think barbara and jim makes some good points, there are some inconsistencies and is this label actionable? Is there a better label? Should there be no label?Pricing – I kept that with the director. I agree the PM needs to have input into it and target price is a design input. But if someone has to own it, I think it is the director. I have not added the term VOC but have the idea. Let me know you think VOC should be there.I’ve added competitive analysis to all three roles (Dir = company and financial analysis), (PM=product analysis), (PMM = price, promotion, and place analysis). Does this make sense?I was using the term “market requirement” and “PRD” which was inconsistent. I know use “market requirement” and “product requirement”. FYI – aipmm is introducing “customer requirement” which is the idea that each person has their requirements. When enough share the same thing it is a market requirement. s, warranty, value added services.)
- Director of PM will prioritize markets and segmentsPM – understand customer needs and develop business cases for solving customer problems at the product levelPMM – understand features and benefits and how those tie to customer problem"marketing programs" means PR, advertising, direct, website, events, etc. -- the whole marketing mixWhoe Product Definition deals with the actual product, the packaging and out of box experience, and all necessary supporting srervices (such as support, accessorieAs with anything that tries to assign tasks with roles, this is not set in stone. The goal is to list the most logical owner, but every company needs to determine how to split these tasks based on skill sets of its employees and where in the lifecycle a product is. So I think any framework comes with caveats.As far as the location of “markets” at the top and “customers” at the bottom. The Dir., PM, and PMM must understand both, but I was trying to suggest the Dir. Concerns themselves more with markets. Which markets and market segments to be in, which are growing, which are shrinking, which are changing, do we grow by taking our product to a new market or by creating new products for an existing market? The PM and PMMs are working very closely with customers and finding shared problems that make a market. But they start bottoms up and the dir, starts tops down. Let me know if this is lost or confusing.I think the side bars are clearer, but let me know. But the main internal interface for PM is development and the main internal interface for PMM is basically every other department. I’ve kept “inbound” and “outbound.” I’ve always found this notation helpful. It is not to say the boundaries are firm between all parties, but that primary inbound responsibility is the PM and primary outbound is the PMM. For me, inbound is what I call listening activities. Those things that feed into the product until it is built. Outbound is a broadcasting activity letting the world know about the product and stepping the target market through the awareness, consideration, trial, purchase, and evangelism cycle. However, I’d like to hear more thoughts on this. I think barbara and jim makes some good points, there are some inconsistencies and is this label actionable? Is there a better label? Should there be no label?Pricing – I kept that with the director. I agree the PM needs to have input into it and target price is a design input. But if someone has to own it, I think it is the director. I have not added the term VOC but have the idea. Let me know you think VOC should be there.I’ve added competitive analysis to all three roles (Dir = company and financial analysis), (PM=product analysis), (PMM = price, promotion, and place analysis). Does this make sense?I was using the term “market requirement” and “PRD” which was inconsistent. I know use “market requirement” and “product requirement”. FYI – aipmm is introducing “customer requirement” which is the idea that each person has their requirements. When enough share the same thing it is a market requirement. s, warranty, value added services.)
- Director of PM will prioritize markets and segmentsPM – understand customer needs and develop business cases for solving customer problems at the product levelPMM – understand features and benefits and how those tie to customer problem"marketing programs" means PR, advertising, direct, website, events, etc. -- the whole marketing mixWhoe Product Definition deals with the actual product, the packaging and out of box experience, and all necessary supporting srervices (such as support, accessorieAs with anything that tries to assign tasks with roles, this is not set in stone. The goal is to list the most logical owner, but every company needs to determine how to split these tasks based on skill sets of its employees and where in the lifecycle a product is. So I think any framework comes with caveats.As far as the location of “markets” at the top and “customers” at the bottom. The Dir., PM, and PMM must understand both, but I was trying to suggest the Dir. Concerns themselves more with markets. Which markets and market segments to be in, which are growing, which are shrinking, which are changing, do we grow by taking our product to a new market or by creating new products for an existing market? The PM and PMMs are working very closely with customers and finding shared problems that make a market. But they start bottoms up and the dir, starts tops down. Let me know if this is lost or confusing.I think the side bars are clearer, but let me know. But the main internal interface for PM is development and the main internal interface for PMM is basically every other department. I’ve kept “inbound” and “outbound.” I’ve always found this notation helpful. It is not to say the boundaries are firm between all parties, but that primary inbound responsibility is the PM and primary outbound is the PMM. For me, inbound is what I call listening activities. Those things that feed into the product until it is built. Outbound is a broadcasting activity letting the world know about the product and stepping the target market through the awareness, consideration, trial, purchase, and evangelism cycle. However, I’d like to hear more thoughts on this. I think barbara and jim makes some good points, there are some inconsistencies and is this label actionable? Is there a better label? Should there be no label?Pricing – I kept that with the director. I agree the PM needs to have input into it and target price is a design input. But if someone has to own it, I think it is the director. I have not added the term VOC but have the idea. Let me know you think VOC should be there.I’ve added competitive analysis to all three roles (Dir = company and financial analysis), (PM=product analysis), (PMM = price, promotion, and place analysis). Does this make sense?I was using the term “market requirement” and “PRD” which was inconsistent. I know use “market requirement” and “product requirement”. FYI – aipmm is introducing “customer requirement” which is the idea that each person has their requirements. When enough share the same thing it is a market requirement. s, warranty, value added services.)