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How to build winning products
1.
How to build WINNING Products Powered
by Talvinder Singh 2020 Life’s too short to build something nobody wants…
2.
Copyright © 2020 Disclaimer The
material in this document is copyrighted. No part of this document can be reproduced either on paper or electronic media without permission in writing from Talvinder Singh.
3.
© Pragmatic Leaders
| All rights reserved. No part of this document can be reproduced. | admissions@pragmaticleaders.io Talvinder Singh Founder @ Pragmatic Leaders Product head @ OYO Flagship Chief Product Officer @ Freecultr Founder & CEO @ Tushky.com 500startups, GSF India IIT Bombay Currently, he is a Product coach and Product consultant for large enterprises like Aditya Birla Finance and startups alike. His past students include product managers from paytm, cardekho, Makemytrip among others. He has helped many to transition to Product Management. His past mentees have secured product positions in coveted companies like Zoomcar, Webengage. Apart from consulting, he mentors few startups on product and entrepreneurship. Current portfolio: Clinikk.com talvinder.com 10 years Product Leadership and entrepreneurship experience
4.
© Pragmatic Leaders
| All rights reserved. No part of this document can be reproduced. | admissions@pragmaticleaders.io
5.
© Pragmatic Leaders
| All rights reserved. No part of this document can be reproduced. | admissions@pragmaticleaders.io
6.
© Pragmatic Leaders
| All rights reserved. No part of this document can be reproduced. | admissions@pragmaticleaders.io
7.
© Pragmatic Leaders
| All rights reserved. No part of this document can be reproduced. | admissions@pragmaticleaders.io
8.
© Pragmatic Leaders
| All rights reserved. No part of this document can be reproduced. | admissions@pragmaticleaders.io WINNING PRODUCTS≠
9.
© Pragmatic Leaders
| All rights reserved. No part of this document can be reproduced. | admissions@pragmaticleaders.io IN LARGE COMPANIES, THE MISTAKES JUST HAVE ADDITIONAL ZEROES IN THEM. - STEVE BLANK
10.
© Pragmatic Leaders
| All rights reserved. No part of this document can be reproduced. | admissions@pragmaticleaders.io WHAT IS PRODUCT
11.
© Pragmatic Leaders
| All rights reserved. No part of this document can be reproduced. | admissions@pragmaticleaders.io WHAT IS PRODUCT Carrier of value, that customers are willing to pay for
12.
© Pragmatic Leaders
| All rights reserved. No part of this document can be reproduced. | admissions@pragmaticleaders.io IMPORTANCE OF A Product Manager Product Management is the discipline of building products which can achieve product-market fit and Product Manager is the role who is responsible for building these products.
13.
© Pragmatic Leaders
| All rights reserved. No part of this document can be reproduced. | admissions@pragmaticleaders.io NASSCOM Guidance report 2017 - NEED FOR Product Managers in INDIA Digital revolution is mainstream with top corporates investing heavily to adopt digital technologies and to re-skill their employees. India is already the 3rd largest globally in start-up activity. With a clear persistent push towards $1 trillion digital economy, there is a humongous opportunity in front of us to educate our youth and prepare them for the next wave. NASSCOM in its guidance report of 2017, lists addition of Product Managers as an industry imperative. NASSCOM Guidance Report 2017 | NASSCOM Indian Startup ecosystem 16-17
14.
© Pragmatic Leaders
| All rights reserved. No part of this document can be reproduced. | admissions@pragmaticleaders.io WHO IS A PRODUCT MANAGER Being able to take an idea and turn it into a product requires a certain discipline. Many things have to be taken into consideration, from competitive landscape, business requirements to user needs and technical obstacles. That’s where Product Managers come in. Product Managers are often described as the voice of the user, ensuring that every business decision or technical consideration maps back to solving a customer problem. Product Managers understand the users, the market, and their organisations better than anyone; this allows them to create products and features that succeed in the real world.
15.
© Pragmatic Leaders
| All rights reserved. No part of this document can be reproduced. | admissions@pragmaticleaders.io FORMULA for WINNING PRODUCTS
16.
© Pragmatic Leaders
| All rights reserved. No part of this document can be reproduced. | admissions@pragmaticleaders.io RIGHT PRODUCT?
17.
© Pragmatic Leaders
| All rights reserved. No part of this document can be reproduced. | admissions@pragmaticleaders.io A product that: • Meets customers’ needs • Is better than other alternatives • Is easy to use • Has a good value/price Definition of product-market fit The WHY
18.
© Pragmatic Leaders
| All rights reserved. No part of this document can be reproduced. | admissions@pragmaticleaders.io
19.
© Pragmatic Leaders
| All rights reserved. No part of this document can be reproduced. | admissions@pragmaticleaders.io
20.
© Pragmatic Leaders
| All rights reserved. No part of this document can be reproduced. | admissions@pragmaticleaders.io
21.
© Pragmatic Leaders
| All rights reserved. No part of this document can be reproduced. | admissions@pragmaticleaders.io Jobs to be done Jobs to be done Old solution New solution Ingest medicine Pills and shots Skin patches Make many products for mass market Many craftsmen Production line Detect enemy at night Flares Night vision Keep windows clean Clean with Colin Self-cleaning glass Clean teeth Manual brushing Automated with sound waves Search for information Library Internet
22.
© Pragmatic Leaders
| All rights reserved. No part of this document can be reproduced. | admissions@pragmaticleaders.io RIGHT PEOPLE
23.
© Pragmatic Leaders
| All rights reserved. No part of this document can be reproduced. | admissions@pragmaticleaders.io “If I’d asked customers what they wanted, they would have said a faster horse” - Henry Ford
24.
© Pragmatic Leaders
| All rights reserved. No part of this document can be reproduced. | admissions@pragmaticleaders.io “People don’t know what they want until you show it to them” - Steve Jobs
25.
© Pragmatic Leaders
| All rights reserved. No part of this document can be reproduced. | admissions@pragmaticleaders.io We have biases, assumptions and perspectives. We are not our users. We need to design for them and not for ourselves. Only then their needs will be fulfilled. User Persona Why do we need this?
26.
© Pragmatic Leaders
| All rights reserved. No part of this document can be reproduced. | admissions@pragmaticleaders.io User Persona Goals Attitudes Motivations Mental Models Relationships Pain Points Environment Processes
27.
© Pragmatic Leaders
| All rights reserved. No part of this document can be reproduced. | admissions@pragmaticleaders.io User Persona If you design for everyone, you make no one happy You should design for specific types of users
28.
© Pragmatic Leaders
| All rights reserved. No part of this document can be reproduced. | admissions@pragmaticleaders.io We determine what types of users we serve with research. We analyze that research to find segments of user types. Each type of user is represented by a model or archetype and a specific instance of this model is called a persona. User Persona
29.
© Pragmatic Leaders
| All rights reserved. No part of this document can be reproduced. | admissions@pragmaticleaders.io User Persona - A landscape of user research methods
30.
© Pragmatic Leaders
| All rights reserved. No part of this document can be reproduced. | admissions@pragmaticleaders.io User Persona - Research methods, qualitative maps
31.
© Pragmatic Leaders
| All rights reserved. No part of this document can be reproduced. | admissions@pragmaticleaders.io User Persona What is persona? Personas are a specific instance of archetypes (models) that represent groups of real users who have similar attributes. Think fictional characters in your favourite movie or TV series. Each persona serves as a single surrogate for many actual users, which produces a clear target to aim for.
32.
© Pragmatic Leaders
| All rights reserved. No part of this document can be reproduced. | admissions@pragmaticleaders.io User Persona What Personas are not? Average users Roles Stereotypes Market segments
33.
© Pragmatic Leaders
| All rights reserved. No part of this document can be reproduced. | admissions@pragmaticleaders.io User Persona What all should be captured? Demographic Age, gender, education, address etc Behaviour Hobbies, TV shows, movies, fav actor, topics of interest etc Goals wants to make money, wants fame, wants iron throne Sacrifice work extra hard, spend to learn new topics
34.
© Pragmatic Leaders
| All rights reserved. No part of this document can be reproduced. | admissions@pragmaticleaders.io User Persona > Example Archetypes - based on spending habit (housing)
35.
© Pragmatic Leaders
| All rights reserved. No part of this document can be reproduced. | admissions@pragmaticleaders.io User Persona > Example Persona (housing - buy)
36.
© Pragmatic Leaders
| All rights reserved. No part of this document can be reproduced. | admissions@pragmaticleaders.io User Persona > Example Persona behaviour (slideshare)
37.
© Pragmatic Leaders
| All rights reserved. No part of this document can be reproduced. | admissions@pragmaticleaders.io User Persona > Example Persona behaviour (Komli)
38.
© Pragmatic Leaders
| All rights reserved. No part of this document can be reproduced. | admissions@pragmaticleaders.io What do they THINK & FEEL & FEAR ? what really counts major preoccupations worries & aspirations What do they HEAR ? boss colleagues influencers friends What do they SEE ? environment friends colleagues what work offers What do they SAY & DO ? attitude in public appearance behaviour towards others PAIN fears frustations obstacles GAIN wants/needs measure of success benefits User Persona > Who is your who?
39.
© Pragmatic Leaders
| All rights reserved. No part of this document can be reproduced. | admissions@pragmaticleaders.io Right Product Right People WIN + =
40.
© Pragmatic Leaders
| All rights reserved. No part of this document can be reproduced. | admissions@pragmaticleaders.io Thanks! Talvinder Singh talvindersingh@pragmaticleaders.io