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Ioanna Papakanderaki
How Operational Value
Streams Shape your
Product Strategy and
Roadmap Success?
95% OF NEW PRODUCTS
FAIL!
•According to Harvard Business School over 30.000 new products
introduced every year and 95% of those products fail!
Can the high failure rate be attributed
solely to ineffective product strategy?
Of course NOT!
Inadequate testing
Limited market size
Poor launch timing
Ineffective product strategy
Lack of process and coordination
34.2%
Percentage of increased profits by an optimized product management
process.
A bit about me…
Ioanna Papakanderaki
• Love Immigrant
• Originally from Athens, but the last 8 years I
live in Sarajevo
• Mother of 2 beautiful girls
• Studied Electrical and computer engineering
• Senior Product Manager @ MVP Factory, a
Ness Engineering company
• Previously in Citrix & Authority Partners
Why do Product Strategies
Fail?
Customer is not at
the center: Forgetting
the Agile Manifesto’s
customer centrality.
Lack of clear
objectives and goals:
Products like Microsoft
Zune lacked
differentiation.
Misalignment with
business goals:
Conflicting visions and
frequent direction
changes.
Resistance to
change:
Failure to iterate,
adapt, and embrace
feedback.
Netflix, at a time that
wasn’t so chill
The year was 2011, Netflix decided to split their 10$ offering into:
• 8$ streaming plans
• 8$ mailed DVDs
That didn’t resinate well with their customers.
To fix the problem, Netflix become obsessed with its customers
and to what they want. They use extensive amount of data to
make creative decisions.
MySpace’s
Decline
• Peak and fall: MySpace was once the leading social network
• Failed to address user concerns about privacy and usability
• Comparison with Facebook: Emerged as a user-friendly alternative,
leading to MySpace’s decline
• Lesson: "Listening to customer feedback is crucial for sustained success."
Microsoft Zune, a mere
copy of the iPod
• Microsoft Zune (2006)
• Microsoft’s attempt to compete with the iPod
• Lack of clear objectives and differentiation
from the iPod
• Zune lacked identity and failed to offer
compelling features.
"Without clear goals,
even well-funded
projects can falter."
What is Product Strategy?
Product strategy is the overarching plan that defines
what a business aims to achieve with a product or
feature. It encompasses how the product will be
created, its impact on buyers, and how it contributes
to achieving business goals.
Key
Ingredients of
a Winning
Product
Strategy
Solving Problems
That Matter
Focus on real customer
issues using tools like
direct interviews and
usability testing
Tracking Success
Importance of clear,
measurable goals and
continuous feedback
Tools: Customer surveys,
A/B testing, and usage
analytics
Seeing the Big
Picture
How product fits into
overall business strategy
and market conditions
Third Nature & Solving Real
customer problems
Motorola vs
iPhone
Iterated and re-thought their product strategy in 8
weeks!!
Key
Ingredients of
a Winning
Product
Strategy
Fail Fast: Iterate &
Adapt
Embrace rapid iteration based on
user feedback and market
changes
Beyond Silos
Necessity of cross-functional
collaboration for holistic strategy
development
Technique: Regular
cross-departmental meetings
and shared objectives
Operational Value
Streams Explained
• Activities required to deliver a
product/service directly to customers
• Different from Development Value Streams
focused on product creation
• Lean principles: Emphasize eliminating
waste and improving flow efficiency
• Importance: Direct impact on customer
satisfaction and organizational success
Types and Patterns of Operational Value Streams
Fulfillment: Managing
orders for digitally-enabled
products and services
Manufacturing:
Transforming raw
materials into finished
products
Software Products:
Development and support
of software applications
Supporting Streams:
Internal activities
supporting main value
streams
Examples
of 4 types
of OVS
Customer Journey Mapping & OVS
Development Value
Stream Canvas
• The Development Value
Stream Canvas as a tool to
summarize product vision
• Aligns development efforts
with customer needs and
operational efficiency
• Strategy: Ensures cohesive
product development and
delivery processes
Conclusions and Path Forward
Product Strategy
Imperative:
The staggering failure
rate of 95% of new
products underscores
the critical need for
effective product
strategy.
Profit Potential:
Optimized product
management
processes can boost
profits by 34.2%,
highlighting the
immense value of
streamlined strategies.
Addressing
Ineffectiveness:
Understanding the
reasons behind
ineffective product
strategy, such as lack
of customer focus and
resistance to change,
is crucial for
improvement.
Effective Strategy
Ingredients:
Key elements include
solving real customer
problems, tracking
success with metrics,
aligning with business
goals, embracing
failure, and fostering
collaboration.
Operational Value
Streams Importance:
Operational Value
Streams are
foundational to
customer satisfaction,
reducing time to
market, and
enhancing the overall
customer experience.
Path Forward:
By implementing these
insights and focusing
on holistic strategy
development,
businesses can
navigate the
complexities of
product management
with confidence and
success.
Let’s keep
in touch !
PLATINUM SPONSOR
GOLD SPONSOR
Thank you!
SILVER SPONSOR

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How can Operational Value Streams Shape Your Product Strategy and Roadmap Success? by Ioanna Papakanderaki

  • 1. Ioanna Papakanderaki How Operational Value Streams Shape your Product Strategy and Roadmap Success?
  • 2. 95% OF NEW PRODUCTS FAIL! •According to Harvard Business School over 30.000 new products introduced every year and 95% of those products fail!
  • 3. Can the high failure rate be attributed solely to ineffective product strategy? Of course NOT! Inadequate testing Limited market size Poor launch timing Ineffective product strategy Lack of process and coordination
  • 4. 34.2% Percentage of increased profits by an optimized product management process.
  • 5. A bit about me… Ioanna Papakanderaki • Love Immigrant • Originally from Athens, but the last 8 years I live in Sarajevo • Mother of 2 beautiful girls • Studied Electrical and computer engineering • Senior Product Manager @ MVP Factory, a Ness Engineering company • Previously in Citrix & Authority Partners
  • 6. Why do Product Strategies Fail? Customer is not at the center: Forgetting the Agile Manifesto’s customer centrality. Lack of clear objectives and goals: Products like Microsoft Zune lacked differentiation. Misalignment with business goals: Conflicting visions and frequent direction changes. Resistance to change: Failure to iterate, adapt, and embrace feedback.
  • 7. Netflix, at a time that wasn’t so chill The year was 2011, Netflix decided to split their 10$ offering into: • 8$ streaming plans • 8$ mailed DVDs That didn’t resinate well with their customers. To fix the problem, Netflix become obsessed with its customers and to what they want. They use extensive amount of data to make creative decisions.
  • 8. MySpace’s Decline • Peak and fall: MySpace was once the leading social network • Failed to address user concerns about privacy and usability • Comparison with Facebook: Emerged as a user-friendly alternative, leading to MySpace’s decline • Lesson: "Listening to customer feedback is crucial for sustained success."
  • 9. Microsoft Zune, a mere copy of the iPod • Microsoft Zune (2006) • Microsoft’s attempt to compete with the iPod • Lack of clear objectives and differentiation from the iPod • Zune lacked identity and failed to offer compelling features.
  • 10. "Without clear goals, even well-funded projects can falter."
  • 11. What is Product Strategy? Product strategy is the overarching plan that defines what a business aims to achieve with a product or feature. It encompasses how the product will be created, its impact on buyers, and how it contributes to achieving business goals.
  • 12. Key Ingredients of a Winning Product Strategy Solving Problems That Matter Focus on real customer issues using tools like direct interviews and usability testing Tracking Success Importance of clear, measurable goals and continuous feedback Tools: Customer surveys, A/B testing, and usage analytics Seeing the Big Picture How product fits into overall business strategy and market conditions
  • 13. Third Nature & Solving Real customer problems
  • 14. Motorola vs iPhone Iterated and re-thought their product strategy in 8 weeks!!
  • 15. Key Ingredients of a Winning Product Strategy Fail Fast: Iterate & Adapt Embrace rapid iteration based on user feedback and market changes Beyond Silos Necessity of cross-functional collaboration for holistic strategy development Technique: Regular cross-departmental meetings and shared objectives
  • 16. Operational Value Streams Explained • Activities required to deliver a product/service directly to customers • Different from Development Value Streams focused on product creation • Lean principles: Emphasize eliminating waste and improving flow efficiency • Importance: Direct impact on customer satisfaction and organizational success
  • 17. Types and Patterns of Operational Value Streams Fulfillment: Managing orders for digitally-enabled products and services Manufacturing: Transforming raw materials into finished products Software Products: Development and support of software applications Supporting Streams: Internal activities supporting main value streams
  • 20. Development Value Stream Canvas • The Development Value Stream Canvas as a tool to summarize product vision • Aligns development efforts with customer needs and operational efficiency • Strategy: Ensures cohesive product development and delivery processes
  • 21. Conclusions and Path Forward Product Strategy Imperative: The staggering failure rate of 95% of new products underscores the critical need for effective product strategy. Profit Potential: Optimized product management processes can boost profits by 34.2%, highlighting the immense value of streamlined strategies. Addressing Ineffectiveness: Understanding the reasons behind ineffective product strategy, such as lack of customer focus and resistance to change, is crucial for improvement. Effective Strategy Ingredients: Key elements include solving real customer problems, tracking success with metrics, aligning with business goals, embracing failure, and fostering collaboration. Operational Value Streams Importance: Operational Value Streams are foundational to customer satisfaction, reducing time to market, and enhancing the overall customer experience. Path Forward: By implementing these insights and focusing on holistic strategy development, businesses can navigate the complexities of product management with confidence and success.
  • 22.
  • 24. PLATINUM SPONSOR GOLD SPONSOR Thank you! SILVER SPONSOR