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7 Keys to
Effective
Product
Management
INTRODUCTION
Product management encompasses a wide-
ranging area of responsibilities. Product
management is the amalgamation of business,
technology, designing and marketing, to
strategically drive the vision, development,
launch, and continual support and
improvement of a product. But there is more to
product management that meets the eye.
Some of the best Product management practices
which help in making your product journey much
smoother and successful
Set the product vision
The product vision is something around
which the product team aligns itself.
Product vision should be inspirational.
When the product vision is clearly
understood and internalized by the team,
they can make important decisions in
designing and building the product by
themselves
Understand the
business objectives
It’s necessary to determine and
align yourself with the
company’s business objectives. It
is very important to understand
what matters most to the bottom
line of your business and to your
customers.
UNDERSTAND THE
CUSTOMER’S NEEDS
That customer feedback matters
to the product’s success cannot
be overemphasized. It is really
important to keep track of the
customer’s feedback and make
changes to your product
accordingly.
Your customers and users are
your greatest asset. Your product
is of no use, if your customers are
not liking it.
It is a golden rule to know your things before
handing them to others. Prioritize using your
product first before getting feedback on it. Try
and use your product before delivering it to your
customers. Use your product thoroughly and try
to cover every aspect like which feature is
working fine and on which platform (web, mobile
etc.).
KNOW YOUR PRODUCT THOROUGHLY
KEEP AN EYE ON OTHER PRODUCTS
It is advisable to keep a track of other products in the
market. Track the features that intrigue you. You may try
implementing some of those features in your own product
design (if the design and technology allows).
At the same time, keep a note of the problematic area,
features that you have found troublesome.
MAKE A PLAN, EXECUTE, ITERATE
All the information and insights
gathered so far should be used in
defining long-term vision of your
product, and then break that
vision into iterations of
developing, executing etc.
This will help in the process of
prioritization and will provide a
fair idea about which feature to
prioritize and also make changes
whenever required.
Always stay Connected with
Peers in the Product
Management Community
Maintaining contact with your peers
in the industry is important. It helps
you expand your network and
understand the market trends
better. It helps your growth as a
professional. Product management
LinkedIn groups, Facebook groups,
slack community etc., are great
resources for learning and
connecting with other product
management professionals.
THANK YOU
CONTACT US
HTTPS://WWW.PRODEASY.COM/
HELLO@PRODEASY.COM

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7 Keys to Effective Product Management.

  • 2. INTRODUCTION Product management encompasses a wide- ranging area of responsibilities. Product management is the amalgamation of business, technology, designing and marketing, to strategically drive the vision, development, launch, and continual support and improvement of a product. But there is more to product management that meets the eye.
  • 3. Some of the best Product management practices which help in making your product journey much smoother and successful Set the product vision The product vision is something around which the product team aligns itself. Product vision should be inspirational. When the product vision is clearly understood and internalized by the team, they can make important decisions in designing and building the product by themselves
  • 4. Understand the business objectives It’s necessary to determine and align yourself with the company’s business objectives. It is very important to understand what matters most to the bottom line of your business and to your customers.
  • 5. UNDERSTAND THE CUSTOMER’S NEEDS That customer feedback matters to the product’s success cannot be overemphasized. It is really important to keep track of the customer’s feedback and make changes to your product accordingly. Your customers and users are your greatest asset. Your product is of no use, if your customers are not liking it.
  • 6. It is a golden rule to know your things before handing them to others. Prioritize using your product first before getting feedback on it. Try and use your product before delivering it to your customers. Use your product thoroughly and try to cover every aspect like which feature is working fine and on which platform (web, mobile etc.). KNOW YOUR PRODUCT THOROUGHLY
  • 7. KEEP AN EYE ON OTHER PRODUCTS It is advisable to keep a track of other products in the market. Track the features that intrigue you. You may try implementing some of those features in your own product design (if the design and technology allows). At the same time, keep a note of the problematic area, features that you have found troublesome.
  • 8. MAKE A PLAN, EXECUTE, ITERATE All the information and insights gathered so far should be used in defining long-term vision of your product, and then break that vision into iterations of developing, executing etc. This will help in the process of prioritization and will provide a fair idea about which feature to prioritize and also make changes whenever required.
  • 9. Always stay Connected with Peers in the Product Management Community Maintaining contact with your peers in the industry is important. It helps you expand your network and understand the market trends better. It helps your growth as a professional. Product management LinkedIn groups, Facebook groups, slack community etc., are great resources for learning and connecting with other product management professionals.