Prezi product strategy - a framework for fixing a balloon

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This was a hypothetical task to improve Prezi. However I have worked out a generic framework for product strategies within this context. I suggested Prezi in the actual stage is a balloon which always can be described a high level of fashionly hype without real and solid foundations for retaining value to be used later as working capital.

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Prezi product strategy - a framework for fixing a balloon

  1. 1. Change proposition Assignment case Áron Barócsi 2013.08.02.
  2. 2. Change proposition | Prezi Assignment Case by Áron Barócsi 1 Preface As a candidate for a position, I was asked to picture myself at Prezi as a product manager (PM). I had to propose a change that I would make along with an implementation plan. This was called a prompt and quick assignment without deep technicalities. To shine light on my way of logic and product development process. So I started to wonder about change. A change is the difference between two values; it is really just a delta. Hence, to design a change we should know the start and the end. The specification lacked a real business case I was accommodated to when it comes to assignments. There was no company strategy involved, no fragments of insights given I could have started to think about. There were no solid conditions providing constraints to be used as facts. There I had it. Nothing to start from and no target to reach so I realized that it’s really not about proposing a change but about thinking about the entire model and structure of the issue as such. It is about to deliver some valuable framework in which a proposed change would be feasible. I have created large amount of products in my life, however those involved me not solely as a product manager, but as a - sort of - multi-functioning dogsbody: many roles mixed including designer, leader, developer and consultant. Even the products I have worked on could have had split in to two segments: existing products with clear state and goal or utterly entrepreneurial ones with extreme uncertainty 1 of success. In this case, we have a product that is far from entrepreneurial phase, but as the assignment says, it has neither current state nor goal assigned. It is kind of like being before a twist for an existing business. Continue and start struggling to maintain status quo, or take another leap. Having these in mind, I have decided to not only act here as a PM, but as a strategic analyst as well. Thus, the assignment is structured in two major sections. In the first one I position the company within the industry, try to discover the basic forces and rules, derive possible outcomes and solutions. In the second section, I setup some simple conditions based on the results from the analysis of the first, and propose a specific change. As a result, it is possible to clarify any change using the framework and transform it into a product or feature along with demonstrating the entire process reflecting all the corresponding elements. 1 Terminology from Eric Ries
  3. 3. Change proposition | Prezi Assignment Case by Áron Barócsi 2 Disclaimer Throughout this paper I will have assumptions, some very basic biologic, chemical and economic ‘feel like’ statements structured in a lazy philosophical system that are not pursuing scholar completeness. Only important and assignment related characteristics of the business will be presented here. Corresponding citations of ideas are precisely indicated. I will use childish analogies to help me understand what others and I have said. For an existing professional this document might seem to be a way to bullshit myself through the task by using elaborate and endless sentences stating the obvious. Nevertheless, it can be a basic and easy to understand handbook to other colleagues who seek bigger picture.
  4. 4. Change proposition | Prezi Assignment Case by Áron Barócsi 1 3 Part I.: [_from, _to] ....................................................................................................................................................4 1.1 Shocks & Strategy ...........................................................................................................................................4 1.2 Prezi resources ................................................................................................................................................7 1.1.1 Resiliency .................................................................................................................................................4 1.1.2 Greed’n’Go ................................................................................................................................................5 1.3.1 Some quantum physics .......................................................................................................................9 1.3 Energy levels and value ................................................................................................................................9 1.3.2 1.3.3 1.3.4 1.4 1.4.2 1.4.3 2 Radiation in business ....................................................................................................................... 10 Summary................................................................................................................................................ 10 Why? How? What? ....................................................................................................................................... 11 1.4.1 1.4.4 1.5 Are we any different ............................................................................................................................9 Why .......................................................................................................................................................... 11 How? ........................................................................................................................................................ 13 What? ...................................................................................................................................................... 15 Summary................................................................................................................................................ 15 How does this framework look like? ................................................................................................... 17 Part II. [way] ............................................................................................................................................................ 19 2.1 Climbing the tree.......................................................................................................................................... 19 2.1.1 2.1.2 Example #1: ‘We are not THAT cash flow positive man!’ ................................................. 19 Example #2 – Day Ø. ......................................................................................................................... 22
  5. 5. Change proposition | Prezi Assignment Case by Áron Barócsi 1 4 Part I.: [_from, _to] 1.1 Shocks & Strategy 1.1.1 Resiliency I am sure there are many methodologies about steering a business to success, but regardless of them, I would emphasize my opinion on the importance of strategy and mission. As said many times before, nature is all about finding and persisting balance. Moreover, this balance is being adjusted continuously: every participant tries to find supply and/or compatible demand. Resources with consumption. Balance is all about the rates of producing and consuming goods. However, like in any controlled system, an external shock may cause serious wave of swing in the rates. If it was only a one-time shock, the function of the rates would not change, the system can absorb it, and the absorption capacity depends on reserves – excess capital. Simplest way to put it: piled up food serves as a savior next year, when there is not enough food produced this year. Problem arises when the rate function changes and the “shock wave” turns out to be a persisted one. Survival requires either the production or the consumption side to persist change in their rate functions. Nevertheless, changing rate functions require excess capacities. Without capital or excess resources, it is almost impossible reach asylum. Even though having a capital means no real victory. The type of the capital is the real question. If we consider stakeholders in our business, we can easily recognize, that each interacting stakeholder is a producer-consumer connection that is possibly exposes our business to shocks. It is the evergreen saying that you cannot buy everything with money. Even if you could, it would cost you much more than buying it with the compatible counterpart. You can buy back your angry personnel with salary. Yet he will not ever be as loyal as before. Assume you have a barbershop. You might upset your hairdressers emotionally once and they would leave not accepting any salary increase. They would take all the clients not looking back, leaving your business lose everything, because clients would go to a hairdresser person and not brand. Double loss. You really could have piled up some emotion capital to act as a buffer between you and your stakeholders. Clients and employees in this case. Each stakeholder has an array of different dimensions of demands and supplies when interacting with your business. Any type can be quantified in number$, but dimension matters.
  6. 6. Change proposition | Prezi Assignment Case by Áron Barócsi Let’s put it this way: 1 smile = 1 smile (this cost 0$). However 1 smile = $100 (at least). 1.1.2 5 Greed’n’Go An interesting feature of nature is the way it finds resources. What are resources anyway? What are we doing with them anyway? Why are we consuming at all? What happens when we do so? We are subject to chemical reactions; ultimately, our body transforms instable elements to more stable ones. On a cellular level, it is all about atoms, ions, electrons, protons etc. All are passive processes. On a larger scale, is it any different? Chemical reactions do not seek future safety, nor pump up savings and never remember past shocks. They only do what is the best for them in the next step; we can kind of think over it as a greedy algorithm. Go for the next best optimal step. As we zoom out to different levels of the nature, reach humans, can start wondering, what works at the atomic level, can it be different on the macro scale? Are not we simply doing the same? Optimizing a function or an array of functions. Let’s say, I am stuck in the desert and need one bottle of water to get to the next oasis. I am sure that the next oasis is in front of me in direction A with capacity of one bottle. In direction B, there is another one with capacity of 0.5 bottle. Therefore, as I am greedy, I would choose oasis A and forget B. However if I had not been that greedy and gone for B I might then went from B to C and discover an oasis with capacity of 10 bottles. However without excess resources – working capital as water I would not be able to take that venture. In businesses it’s kind of the same: should we pursue immediate optimums for profit (or for a given KPI) or look for further steps (aka. use a different algorithm to seek optimum considering the total space of the business as a graph representation of decisions) and take the short term loss for longer term profit? LEAN 2 method sometimes results a kind of amoebic product, satisfies the short-term needs of the user with seeking local optimums iteratively. Each step will eventually reduce the possibilities for the next step, since each one can select from the subset of the same cohort (users of the product) with the next feature. It is like getting deeper and deeper in a niche music genre; only the experienced fans are able to listen to it. It is possible to avoid it by constantly looking for new entrants and ask them about what they want, so they would be able to drive your product where the market is at right now. However, that is beginning to become not that LEAN. 2 It is a popular way to iteratively manage your startup by Eric Ries again.
  7. 7. Change proposition | Prezi Assignment Case by Áron Barócsi 6 I believe that businesses pursue value creation. Each change (even from zero to first product) is an iterative step, a new micro-business with its own micro-investments, micro-risks and the corresponding cute little micro features always relative to each other. It is really just about choosing the right path (feature list) in the desert (market) for the next oasis (stable P&L) by balancing resources and risks. The more we know about the path and the more resources we have to risk, the more return we have. Therefore greedism is not that necessary all the time and can have better impact to invest in larger leaps.
  8. 8. Change proposition | Prezi Assignment Case by Áron Barócsi 7 1.2 Prezi resources How valuable is Prezi? When clever investment consultants are talking about company valuation we usually check financials, tangible and intangible assets, value the brand and dream about steep projection curves of growth. If I had similar type of customers and an existing product that could be upgraded with Prezi like features, would I pursue an M&A or simply develop it? How costly would it be for me now to take over? Even in case of M&A what parts would I keep? What is the stakeholder matrix is like at Prezi and what kinds of resources are racked up (as mentioned in 1.1.1)? I listed all the most important assets, described them, evaluated how harmful are they or how hard to be reproduced by a possible competitor and then gave it a score. Of course these are not based on real-data, but in regard of the case it’s would be satisfactory to have assumptions. 1. Table: Assets Comment Users (new vs. returning) Product, knowhow Structured, monetize able content Brand Network Liquidity Competitiveness Retain level of users Can be taken away at any time with same set of features Developed code, infrastructure A tech company would easily reproduce it User generated, BI Score This would be difficult to reproduce 0/5 0/5 4/5 Established recognition Mostly costly and factor of time The Bells networking effect for products A bigger network involving Prezi users would immediately kill this one (currently no internal no external network is present) 0/5 CF+ Does not matter considering possible competition 0/5 5/5 3 According to Porter’s forces, from the five major components the threat of new entrants is high, since there is no real value in the product that is seriously lacking innovation and patents. In addition, another threat is the substitute product line along with competitive 3 This will be referred in 1.4.1 since it’s was only a temporary asset buble consumed destructively
  9. 9. Change proposition | Prezi Assignment Case by Áron Barócsi 8 rivalry and some of the bargaining power of customers (which in this case is really the cost of switching is low). Even though Prezi is cash flow positive, there are some dimensions where it cannot be accounted for any capital. Putting it another way, Prezi has a nicely created trendy brand that had “capital” in a form of high rate of early adapters using the software. However, the rates are clearly deteriorating in terms of new vs. returning vs. active users. In a sudden moment, we could have realized that this company has only acquired 25M early adapters using it only to differentiate themselves from other boring presentation 4. The entrance is relatively cheap to the online idea sharing market that I would not even call market anymore. We are talking about the complete change of communication let it be verbal, written or visual. These tools are suddenly becoming commodities and the knowledge retaining platforms will prevail. Online markets clearly do have convergence: we must recognize the core of the problem Prezi solved before, and whether this problem still exists in a different manifestation, or has it shifted since Prezi introduced the online presentation along with its basic collaborative features. Will people really try to communicate through visual elements, or it will be something else that would matter in the future? We can develop phones even larger internal storage when it is really about bandwidth and cloud storage and we will not solve any problem with that. We can implement lot of things in Prezi if it is not sexy anymore as such. We might enable collaboration for a single subset of co-workers in a sort of static interaction when it is really about crowd-sourcing and continuous iterative content development. We might also increase feature and product noise with drawing tools when it is really about the speed of structuring ideas with existing visual representations. The list is long and it is about time to find out the most important factors that influence the sort order. This is called fashion which indeed is a strongly brand related business through aggressive marketing within the fashion industry. This is a speculative presumption. 4
  10. 10. Change proposition | Prezi Assignment Case by Áron Barócsi 9 1.3 Energy levels and value 1.3.1 Some quantum physics In 1913, Bohr refined the Rutherford model describing the behavior of the electron around the atom. It had many properties, however the interesting part is that the radiation. Each time an electron moves from higher radius orbit to lower it goes to a smaller energy level and some radiation happens proportional to the energy level. This was slightly before the era of quantum mechanics, however later on this was further modified and they realized that the quantum of energy was photon which is being radiated. Same happens when we have a nuclear fusion in a power plant, or even happening right now in our daily lightning device, the Sun. Each particle seeks stability and each bonding (let it be ionic or covalent) pursue lower stability level thus create photons in a form of radiation. Is this any different on the macro scale? Do not we seek opportunities to fulfill something like that? Our nature as a life form consists of finding instable resources. Through digestion these resources are transformed to a more stable level and we produce energy in a form of many ways of other chain of instable mechanisms and eventually radiation in a form of heat. 1.3.2 Are we any different Of course, we can indicate that humans do not do this exclusively, because they have big shiny and smart brains that are not based on ancient instincts! That brain rather represents the perceived world integrated from time zero from the point of view of the given substance so it can do calculations on its aggregated intelligence and act as an ever-evolving function to optimize a given issue. One might claim that because we have this advanced brain, we, distinguished humans ultimately seek some kind of self-actualization at the top of Maslow’s pyramid and not some kind of pitiful resource. This is only illusion due to complexity, our brain acts as the resource seeker on the ndimensional space (including time). It enables or inhibits muscle motion according to the incoming and stored signals, like an extremely complex and dynamic transistor array with an ever-evolving structure. Brain does the very same as primitive life forms just has some extra representational and buffering capacity to circulate and process information.
  11. 11. Change proposition | Prezi Assignment Case by Áron Barócsi 1.3.3 10 Radiation in business I am not sure whether this is happening on the macroeconomic level by rule, but in business life, we might find some analogies. M&As conducting M aka fusion when successful, results in radiation as it does in a sun from 1.3.1 . Two companies when merged, reaches a more relaxed state at a lower level and emitted a number of workers by laying them off. This is for the benefit of everyone, the laid off workers simply try to find different holes in other companies (ions-) to be attached to. In our everyday life you can see this phenomenon when supply and demand is met. We do need a glass of water and someone has it. We have a scarcity in our system and someone has an excess. They are connected through an interface, which is called problem. In atomic scale, the problem is the one dimensional representation of excess and scarcity of energy. In business world is a problem vector acting as an interface between its compatible excesses and scarcities. When I’m buying a watch, it’s a resolution of the problem: I’m having scarcity in knowing the time, having it accessible all the time, having this information acquired along with a good sensation (because it’s a Hubris ). The company has the answer by producing a watch built with these features (excess). 1.3.4 Summary When it comes to Hubris the following happens: they create excess resource of features by manifesting a watch. It targets a problem vector in the watch market space. The problem vector has a compatible customer (with compatible demand vector of scarcities) who would buy the watch. This is the chemical interaction where counterparts become in a more relaxed state. The radiated energy in this case: non-utilized value 5. We are talking here about capital not addressed or recognized. The kind of asset we did not realize during the transaction like what Prezi did by not retaining information. 5
  12. 12. Change proposition | Prezi Assignment Case by Áron Barócsi 11 1.4 Why? How? What? Simon Sinek has a great way of putting 1.3 in a simple way. He drew circles. Concentric ones. He focused on many cases and sought the cause of success. Through many cases from a topdown approach he concluded the same result. Designing a product is about solving a problem. Thinking in a way like this will create useful things thus adding value. By defining Why are we doing anything we can realize How we should do it and finally end up What we would call a successful feature, product. All we need to do is to think about the problems (identify the problem space) that we are capable of solving as a company by using our assets and capital. Think of the users that we would be able to reach out for and what is their problem 6. In this section, my suggestions are logical nevertheless absolutely hypothetical and created in favor of the Prezi case, analyzing the actual state and proposing something if we were starting from scratch backed up by the resources in 3.2 / 1. Prezi asset table What How Why 1. Figure: Simon Simoneks Why? How? What? 1.4.1 Why From the Prezi.com homepage: ‘We help people share ideas’. This is a mission statement, but can it be translated to problem(s)? What problems do people have in 2013 that is connected with sharing ideas, when sharing is a commodity? It is almost integrated into every second of our life. Idea in this context is a content, sharing it is commodity. Commodities are usually the best response to a problem evolved from innovation through business scale to a next Consultative selling however is based on the reserved version of this assumption. It has a product and looks for a problem (client) that it solves. 6
  13. 13. Change proposition | Prezi Assignment Case by Áron Barócsi 12 iteration of standard of living. Is this collaboration then? What? Collaboration is present since the beginning of the web. There are plethora of visual and not-that-visual-yet-still- effective collaboration tools like interactive whiteboards, chat, tweet, videos, images, fact evolution by many scholars through [*]pedias and wonderful versioning platforms from simple cloud storages to GitHub where real fast paced evolution of open sourced ideas happen. There is a harsh conclusion. Referring to one well-scored asset (brand) in 1. Figure: Prezi assets, existing Prezi only solved one real problem, and that was differentiation through fashionable 7 resolution of boring and static PPT issues. This kind of visual communication due to rapid increase of such tools become obsolete and the capital of such people (with a kind of a blown bubble) had been destructively consumed during the years (except the profits in cash) because no other value were retained 8. In this world, it is hard to re-define the problem that Prezi would solve with staying in this field or even industry. Is there any problem here, other than integrating the different existing elements, services, products into one value chain? That is adding marginal value thus would be short living, and would retain no value. We need to identify the problem space that Prezi could solve using its capabilities, and therefore we need to present a set of conditions in which we can define an algorithm that is able to help us select various decision graphs (strategies) that would best adhere to our customer needs. 1.4.1.1 Neural. Network. When wondering about presentations of ideas it is usually not the facts that the idea uses as building block what is interesting, but the way it emerges. Like the zooming feature in Prezi that shows people the thought-flow and connections between the steps that would construct a whole idea. In our minds, a neural network is constantly building and destroying thoughts and ideas. The strongest would eventually fire some action potential out of our brain throughout our mouth or any other interface we use to communicate. This action potential 7 8 As also stated in 1.2 in the aspect of built capital, here in the aspect of problem solving Subjective recognition
  14. 14. Change proposition | Prezi Assignment Case by Áron Barócsi 13 would then be transformed, received, and processed by audiences’ internal neural network (brain) and if the joke were interesting, the feedback would be a decent ROTFL. However picturing the partial process of the way we think is not the visualization of our idea, but the part of our neural network. Each consequence in our creative thinking is the result of multiple a priori consequences of previous network members associated (bunch of neurons). Each human entity is part of a collective neural network since it is able to store, process and emit information at a given weight. And just is it’s happening in our brain humans are creating connections in constantly evolving ways but it’s all about increasing speed and compatibility. 1.4.1.2 ‘Because we connect ideas’ Hence if we were able to put a part of our brain in a standardized form on a medium through a simple yet powerful interface that would enable others to receive and continue the idea. The system controlling the process can augment these steps and create the connections automatically. Our Prezi presentation is ultimately a brain map that is a directed graph. To this directed graph, we have a possibility to connect. Continue and develop the idea. Fork the idea, like forking a code in GitHub. It does not apply to every presentation, but this kind of method and thinking of ideas as a collective as such, where all of us are heading. Prezi right now is just the visual and partial representation of individuals brain maps. If Prezi really wants to solve a problem, it is to help people connect ideas and therefore let thoughts to evolve. Let a community around an issue get one step higher in its level of development. Prezi can do it by becoming their neurotransmitter. 1.4.2 How? The problem will be solved by introducing a methodology to compound and connect existing ideas in the way they think its best, with a linear option to fallback to static presentation of the idea itself. Prezi will let users to have their presentations treated by local mindmaps. Graphs of facts. Prezi will let these graphs manipulated. For example the beginning of one presentation be
  15. 15. Change proposition | Prezi Assignment Case by Áron Barócsi 14 connected to the 10th slide of another presentation hence forming a new, extended series (map) of thoughts. Endless and countless logic of chain and added information structuring would be created, a neural network with real added value on which anyone could run their own calculations and generate implications. It is just connecting ideas. This picture shows three ideas (thought graphs) however we can create at least six distinct 2. Figure: Interconnected fact graphs presentations out of it, by only letting users to connect. It will be clear, that B2 is an important fact, which the community used to evolve into more ideas so the open sourcing was successful. It is also an interesting to see when designing our C idea that someone had almost did the homework because what happens when we insert and put a keyword X to C2? Prezi looks for all slides that have output connection enabled by the user and matches. Therefore, it will turn out that B3 is also tagged with X with and can be concluded to C3. In San Francisco, the sky is always dull 9and people hate red colors, but do jogging every 1.4.2.1.1 Example: Frisco Pee morning to pee down from the Golden Gate Bridge. Another presentation about the structure of Golden Gate Bridge is being made by a tourism agency. The agency discover that there is a 9 This is one possible addition why Amanda likes her monthly visit to Hungary.
  16. 16. Change proposition | Prezi Assignment Case by Áron Barócsi 15 possible connection from their sequence of facts to a different sequence of facts, so they can now offer a program to the tourists: Morning running pee watching on the Golden Gate Bridge. How cool is that, and it happens without creating a single slide. At the UN summit for starving children there is a presentation (again, directed conclusive 1.4.2.1.2 Example: UN Summit graph of facts) on how to solve the issue. Let us say, there are five introductory fact slides and at slide 6 a solution offers a way of transportation to be used by creating a new kind of mounting on the scooters. Independently happening (meanwhile): another inventor would then have this conclusive fact either as an input to analyze or further develop the innovation, either as a conclusive slide when the innovation is presented to prominent investors that 3D printing has this very nice outcome. In developing countries they can give money to increase production and call it CSR, so 3D printing is not just hot but is a possibly way to enter markets where poorness is abundant but lacking massively produced goods. In each case both presenters win, since at the sixth slide the system would show interconnected slides with the highest ratings. 1.4.3 What? Prezi would do it by shifting from its existing set of tools to a real time idea creation and management network. On this platform thoughts and ideas can be constantly developed. People, companies and organizations can generate value by injecting and connecting their knowledge in the form they like. 1.4.4 Summary I believe that problems are driving business. Where we find problem, we can create value. Each problem (or problem space) must be compatible to our capabilities 10. Each problem space and our capabilities form a mission. During the life of the company, there will be conditions to meet by which we will have strategies formed. After that, we can have all the planning, P&Ls, target customers etc. Nevertheless, all would be under this umbrella that is provided by the problem space. That we like to do as a company without being something else just for the sake of money. Doing something else we (company people) would then be a level of prostitution. In this case the company should decompose and employees better seek other ventures. 10
  17. 17. Change proposition | Prezi Assignment Case by Áron Barócsi 16 The new mission is to be the neurotransmission of the collectives’ brain conducted and fostered by Prezi. Done through intentionally built connectors (graph edges) between containers of classified (tagged) information (graph points: thoughts). Therefore, we are not talking about presentations and slides anymore but about a wellstructured, directed information network, a graph of ideas that can be reused, processed and analyzed. It is sort of the Facebook for ideas. This mission is a space holding multiple problems that can be solved by Prezi through iterative steps of implementing features. Each feature outcome determines the next step in the decision tree, which eventually shows us multiple strategies to create the best product.
  18. 18. Change proposition | Prezi Assignment Case by Áron Barócsi 17 1.5 How does this framework look like? At 1.4, I have proposed a problem space and a shift in strategy that would let Prezi meet hypothetical convergence of future problems that a user would expect Prezi to solve. The following table shows the current workflow of a Prezi creation in an extended way that would be compatible with the problem space in 1.4. Each workflow steps can be broken down to existing and new features. Therefore, we can see that the concept behind the entire design of the product using the framework is like this cycle: Identify problem solving processes According to feedback re-validate problem space Start implementing features Break down process steps to interdependent features A decision tree is created (tree path = strategy) 3. Figure – product design cycle This method secures that we would not add features that are not relevant for the actual problem. This method ensures that we generate value for us and for the user so the Hubris watch from 1.3.1 will be a perfect fit for our client. The current table tries to solve the problem space in 1.4 with additional 11 features that will augment 12 it, independently co-exist to make the workflow step more efficient but not indispensable. The table does not indicate existing features that will be not affected, since this problem space is compatible with the existing one as it is will be addressed later during shift management case. 12 Interdependent features are NOT marked on this table but will be referred later and connected to each other on a case by case basis. 11
  19. 19. 2. Table: Problem space characteristics User Primary manipulation Secondary manipulation Data preparation and primary content input Available  Prezi.live 14  Prezi.fy 15  Prezi.app: 3rd party import plugin  Prezi.app: 3rd party visualization widgets 16  Tag the actual graph fact thus add input or output reference 17  PRZML  Modify facts resulting new version, but the same graph  Fork new graph by continuing from one step  Connect fact to compatible facts  Connect a sub-graph to another sub-graph  Modify directions of the graph  Add comments 19  Understand / Fail to understand mark  Refine tags  Classified, reusable content  New features implemented by others: plugins, widgets and PRZML apps making Prezi more open and adaptive to changes in adherence to the problem space within this table.  Intelligent information / idea network  Aggregated know-how  Constant aggregation of know-how  Ability to evolve the efficiency of the comment results high-quality  Ever increasing classified network of collaborators  Directed problem solving interactions 21  Advanced graph processors from other businesses that transform existing knowledge to other discoveries  Classic AD placement by having well structured profile data and information with possible freemium model attached  Premium services to expand more or hide parts of your graph  Classic AD placement by having well structured profile data and information  B2B exposure of API to do research on a larger volume features Capital built Cash Monetization 13 18 Sharing, connecting and promoting the content, either as a whole or partially Result  Conventional share solutions  Disseminate through connected graph 20 participants new/modification information  Invite professionals from LinkedIn to collaborate  3rd party disseminators and processors User as stakeholder and revenue source description Additional transformation of information by adding external resources or using miscellaneous tools rd to add 3 party content This is the primary information which is presumably exists at the beginning of the project in the users brain Step Secondary manipulation of the prepared Prezi. This can be done either by the user, another user, community or automated generation of new data Dissemination The consumable form of the information Real-time information and idea connection platform with continuously integrated methods that add new intelligence. Open source methodology powered by professionals, scholars and their collaborating audience counterparts. Enable classified content aggregation during live presentations which is basicly a plugin enabling graph elements to have forms displayed at various events (for example: upcoming questions like it was explained in the Mentillate concept) 14 Create prezi from existing webpages or webpage elements. Import, classify and recognize these elements. 15 Enable business participants to add own plugins to i/o to the Prezi platform. 16 By tagging the user classifies the fact seen (importing can automatize tagging from footnote 14.) By classification user gets access to additional graphs and intel as well as additional exposure that was explained in 1.4.2.1.2 17 XSLT to PRZML: create new kind of rendered visual content from a webpage. New format for developers to visualize content through Prezi. 18 Each modification works like methods seen in GitHub – comment, fork, implement, test and then push. Even 3rd party connectors can be added like connect a specific graph to SlideShare! 19 Additional way to refine the understandability of the content in the most simple way just give a mark of your understanding level even during Prezi.live 20 This way, Prezi will be able to constantly ping their customers and have not only a prezi owner accessed but all related graph owners (partially and observers) to get notified and become active 21 It can be a plugin to any of the scholars citation network. Can be a LinkedIn correlation pattern analyzer. Can be an industry research for any coexisting solution that is more competitive for a problem. Can be a way to analyze the main input relations to a product through Bayesian inferences. 13
  20. 20. Change proposition | Prezi Assignment Case by Áron Barócsi 2 19 Part II. [way] 2.1 Climbing the tree 2. Table: Problem space characteristics shows us a framework in which we can define arbitrary strategies depending on any constraint. The good thing about this framework is that this would eventually make any strategy to stay inside the problem space thus solve something that would generate constructive value to the user. As Prezi is a company with a mission we have the problem space tied to it, hence the columns (mission elements) and rows would be intact, but the number of examples inside the cells can grow infinitely. In the next few paragraphs, I will illustrate how a tree is created within this framework by picking up some existing examples from the table and evaluating them from the perspective of a PM. Each illustrative example will go through the following major steps indicated in 3. Figure – product design cycle. 2.1.1 Example #1: ‘We are not THAT cash flow positive man!’ Finance realized that the company would not have enough revenue next year due to 2.1.1.1 Synopsis diminishing returns from premium subscriptions. CEO and CMO after some research figured out that for Prezi entering the display ad market would be a good step. CPO (Chief Product Officer  If there would be 3 products only of them we could say…wait for it…C3PO!) is asked to respond to this issue. The company needs a different source of revenue stream 2.1.1.2 Constraint
  21. 21. Change proposition | Prezi Assignment Case by Áron Barócsi 20 CPO asks PMs about this madness of entering the AD market. They would go and see the table 2.1.1.3 Building the tree and figured out that this problem space has a solution for displaying ads! They also provide a feature dependency chain: 1. Primary content generation 2. Graph fact tagging and I/O reference (terminology now: frame – a collection of facts) 3. Optional: Modification, forking, connecting and commenting 4. Graph processor that is able to match user profiles with classified content and AD to be displayed For this example case, we assume all dependent preconditions are met and strategy had 2.1.1.4 Preconditions already shifted to the new problem space. 2.1.1.5 1. Build a small business case 23 about this step. Indicate value proposition and how it Climbing 22 would integrate in the problem space and how it would modify the actual strategy (tree). Describe the basic use case of the feature both in perspective of the customer and the business partner. Suggest market standards and trends both in perspective of implementation and business models. 2. Discuss with related team members and associates. This involves team forming and leadership skills to motivate each team member toward the success of the iteration. 3. Present to the company and wait for relevant feedbacks 4. Minimum Viable Product24 in this case would be a Prezi presentation with Ads placed, served, viewed and clicked. MVP would consist of precisely selected high performing Prezi with matching AD content. This assignment omits the project management (Agile, XP, Scrum etc.) steps, those are purely implementation and not subject to the PM role. 23 Use a simple paper or to get the iPhone of one-page-plans, the magnificient Product Canvas  22
  22. 22. Change proposition | Prezi Assignment Case by Áron Barócsi 21 5. KPI will serve here as constraints that would enable us to measure the MVP success and to learn about how to optimize further the implemented feature. In this case, we would measure the following dimensions: • • • • • • • Average time on same slide with Ad, Average time overall, CTR, Click on banner close, After closing banner click on disturbing / Upgrade to pro etc. responses, Clicking on responses at all Moving Ad by user to different allowed slots on the screen to get a hint of less disturbing places 6. Critical values would be measured after having the variables marked as KPI-s adjusted in each A/B or other method of testing and there are no dynamic changes in the variables. This means for example, we have a set of variables; we adjust them until we receive an array of acceptance variables (in this case average times, CTR, close clicks and response types) with values that are satisfactory. 7. Define Leap of faith 24, which in this case has the condition that shows us our customers and their consumers would not be distracted because of AD placements. AD placement needs many practicing itself however many industry standards, examples and researches do exist from which PMs would be able to choose the right one to start with. Leap of faith with this MVP is about having convergence to industry rate CTR-s and banner close clicks with average time overall and on the slide values intact. 8. Optimization and release will have a slightly different product with real system behind optimizing Ad placements, content matching etc. This is where optimization phase kicks in with introducing additional variables such as user response types, optimal banner positions, freemium model usages. 24Terminology and method from The Lean Startup by Eric Ries.
  23. 23. Change proposition | Prezi Assignment Case by Áron Barócsi 2.1.2 22 Example #2 – Day Ø. Shifting the strategy to the new problem space has a first step! The first step is the implementation and testing of the problem space itself! The following example demonstrates this as well. ‘No more slogan! 2.1.2.1 Synopsys No more excuses! No more blinding our eyes and baring our asses to the world!’ Shifting gears: Prezi wants to change and see if it can be the neurotransmitter of the world. 2.1.2.2 Constraint The current Prezi mission and feature set is fortunately the subset of what Prezi actually is able to offer and problem space it could operate. Connect Ideas Evolve Ideas Share Ideas (current) ‘We have the power! 2.1.2.3 Preconditions We have the resources! We have the energy! Let's get together and wreck shit!’ This vague requirement consists of many complex interdependent features according to the 2.1.2.4 Building the tree table. However we are lucky as if Frodo had been able to use eagles to fly into Mordor, but Tolkien obviously hated the lazy midgets as it HAPPENED AGAIN AFTER LOTR BUT SOMEWHAT BEFORE: in the Hobbit!.
  24. 24. Change proposition | Prezi Assignment Case by Áron Barócsi 23 Almost every corresponding feature depends on the sole viability of content classification aka tagging. Which is also would serve the entry point if the constraint of building content capital with the synopsis: ‘guys, we are FUBARed of crappy prezis we know sh**t about so lets classify ‘em HELL’ 2.1.2.5 Climbing 1. Cont’d after boring first steps in 2.1.1.5 Interview participants should be explained the concept of idea connection and idea 2. Mock n Roll: interviews with existing users spreading through the similar Prezi network. How beneficial would it be for them? How would they best understand their problem and the solution? How would they use it, and how our tests would be best conducted online? We would like to learn the following to build up an MVP test: • • • • • User wants to let similar users know about his slides and use it as reference User wants to get much more relevant viewers and exposition to professionals User wants to get more knowledge by having Prezi showing all possibly matching work (as depicted in 2. Figure: Interconnected fact graphs) User wants to see the real big picture about how many ideas are depending upon his and how many is he using User would want to have this phenomenon referred as <connecting idea> 3. Minimum Viable Product should be a Prezi where people classify their frames and connect them to similar prezis. After successful interviews and further communication with professionals and Prezi experts, a feature video can be made and a mocked system could be designed to conduct the tests. There are many ways to implement suck mocked system; however, users can meet the feature: • • Explicit, where there is a popup showing off the new feature. Implicit where there is a new UX item, which is integrated into the workflow, so the user cam use it. In this case, we need to prove that the user would tag the content. Hence, we need to have each frame tagged on creation. When the user creates a frame, a collapsible placeholder is displayed with the tools to tag and connect. While typing tags, the user is shown that there are X prezis that would
  25. 25. Change proposition | Prezi Assignment Case by Áron Barócsi 24 potentially connect and Y prezis that would this frame could connect to (refer), and Z number of frames that could be directly used. Adding a tag or connecting eventually leads to conversion. 4. Refine Mock before rolling out to massive users, test the mocked system again with different set of interview participants and adjust the test accordingly. Video views per user (first rolled out to returning users) and CTR to test version. 5. KPIs • • • • • • • • • Measure closes, ask not now, later, not interested. (explicit can be part of the funnel ) At production end (publishing, sharing) show the video and the feature again, measure CTR (explicit can be part of the funnel) Collapsing the tagging & connecting tool at first appearance Clicking on the tool Average Tags per frame Average tags per presentation Input connections disabled on the frame (enabled by default) Output connections (referencing) made Big picture checked (how the users prezi looks when all primary connections are visible) 6. Leap of faith which in this case our average tagging should meet industry standards and connections should be around the value of a social network at its beginning weighted by the frequency of visits by a Prezi user and for instance Facebook. In the case, this MVP proves to be true, the product will need elaborate work on optimizing 2.1.2.6 Conclusion the displaying and processing of the information. However, this tiny leap of faith would then serve as an open door to an entire set of different and useful features operating in the well-referred problem space and seamlessly steer Prezi from its actual state in the era of building knowledge-based societies.

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