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Product
Management
for
Entrepreneurs

By @stempm
“Beforeyou are a CEO, try being a
 Product Manager…”
            – Marc Pincus, CEO of Zynga

http://ecorner.stanford.edu/authorMaterialInfo.html?
Product Manager -
Entrepreneurs
 Mark   Pincus - Zynga

 Jason   Goldberg - Fab.com

 TA   McCann – Gist

 Steve   Jobs – Apple
What is a product?



- Something that can be described
- Something tangible
- Something you can sell
Whole Product
 Inmarketing, a whole product is a generic
  product (or core product) augmented by
  everything that is needed for the
  customer to have a compelling reason to
  buy
Tools



        P&L
4+1Ps
 Product
 Placement
 Price
 Promotion
 Packaging
Ps
 Positioning




 Personas
Personas
Persona
 Goals
          Road Map
    Po        Negotiation
      sit        Release
    Pr    ion
      ism ing    Themes
                            Prioritized
                             Backlog
Positioning
 For [target market]
 Looking [to solve what problem]
 We offer [product & benefits]
 Unlike [our competitors]
 Who have [major weaknesses]
 We offer [major differentiating benefit]
Ls
Ls
s
                                    le




                 Execs
                                 Sa                   et ing
                                               Mark

                                              Client Services
            mt
       d Mg                                  En
                                                gin
   o                                                ee
Pr
                         Sup

                                                         ring
                          port
Q&A
What do you need to know?
 Technologist   would   •   Product
 ask:                        Manager
 –   What do I need to       would ask:
     build?
                             –   What do I need
                                 to sell, to which
                                 market and at
                                 what time?
Finding Opportunities
 BlueOcean, Chasm, SWOT, etc.
 Technology expansion cycles (electricity,
  phone, intranet, internet)
 Inventions vs. Innovation
Market Validation
 Customer Development;
 Customer Learning;
MVP
 Something   that can be sold to a target
  market.
 Validates Positioning &4P

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Product management for entrepreneurs lsm

Editor's Notes

  1. Big idea vs. small idea.
  2. Something you can sell, because it provides value and people want to buy it. Something that provides value and people want to buy.
  3. Positioning – hypothesis – translation statement between market needs and our goal revenue.
  4. Positioning = Hypothesis,
  5. It’s not about documentation – it’s about interaction;
  6. - Haven’t you’ve been called a “Program Manager”? Why don’t you build some programs? Do you want me to do all of this? No. Building successful product is not your job. It is the entire organization job to build successful products. Your job is to get them all aligned and enabled to build successful product.
  7. This is your job!