Product Management One-Liners (credit to mentors) What is a product?
Why do we build Products?
Who do We Build Products for?
What drives a successful product effort?
Why customer obsession is crucial to product success?
What are the ingredients of customer obsession?
Who represents customer inside organization?
How do product managers defend customers interest?
How product managers gain a nuanced grasp of customers?
How is the role of a product Manager unique?
What is Day in the life of a product manager like?
What are the skills required of a Product Manager?
3. B2B - Enterprise - Integrated Product Design - Product Management Course - Digital SaaS - Introduction - Manager
About us
At mcoach we are passionate about helping startups, enterprises build great SaaS
products that make peopleās lives easier.
Winning Digital Products require the perfect blend of discovery, deļ¬nition and
delivery. Integrating customer obsession and continuous improvement requires an
empathetic, agile and lean thinking.
Converting ambiguity into a tangible plan requires a constant divergence and
convergence. Conscious design thinking in every aspect of product development
requires an well integrated cross functional team of designers, developers and
business executives.
4. B2B - Enterprise - Integrated Product Design - Product Management Course - Digital SaaS - Introduction - Manager
Skills & expertise
problem
framing
Human
experience
Problem
Solving
Product
Design
6. B2B - Enterprise - Integrated Product Design - Product Management Course - Digital SaaS - Introduction - Manager
Very few things unite us as global
citizens. Unhappiness tops the list.
We humans believe that the route to
contentment, comfort, satiety, warmth,
peace and happiness passes through
right choices, decisions and experiences.
7. B2B - Enterprise - Integrated Product Design - Product Management Course - Digital SaaS - Introduction - Manager
According to psychologists, Seeking new,
making progress, getting recognized are
self therapies we seek to overcome
inabilities and discontentment.
Are you wondering āWhy are we talking
psychology ?ā
8. B2B - Enterprise - Integrated Product Design - Product Management Course - Digital SaaS - Introduction - Manager
A product is a mechanism to transfer
visionary eļ¬ciencies to other people and
help them overcome constraints
impeding progress.
A product is a bundle of distinct
experiences a customer would like to
ideally have in a speciļ¬c context as they
go about with their lives.
9. B2B - Enterprise - Integrated Product Design - Product Management Course - Digital SaaS - Introduction - Manager
A product is a tool to connect human
beings and facilitate progress in their
lives.
It is an intermediary between the people
who create it and the people who
consume it.
11. B2B - Enterprise - Integrated Product Design - Product Management Course - Digital SaaS - Introduction - Manager
A product represents diļ¬erent things to
diļ¬erent groups of individuals.
1. As a user, you look at it as a bundle of
change,
2. As a buyer you look at it as a bundle of
value,
12. B2B - Enterprise - Integrated Product Design - Product Management Course - Digital SaaS - Introduction - Manager
3. As a decider you look at it as a bundle of
outcomes,
4. As a visionary you look at it as a bundle
of opportunity,
5. As an technologist you look at it as
innovative engineering,
6. As a Designer you look at it as an ideal
solution,
13. B2B - Enterprise - Integrated Product Design - Product Management Course - Digital SaaS - Introduction - Manager
7. As a marketer you look at it as a bundle of
beneļ¬ts,
8. As a investor, you look at it as a bundle of
proļ¬ts,
Each of these stakeholders are looking to
fulļ¬ll the objectives of their job
14. B2B - Enterprise - Integrated Product Design - Product Management Course - Digital SaaS - Introduction - Manager
1. We build products to make each of these
stakeholders progress in their Lives
2. We build products to broadbase
capability and democratize outcomes.
3. We build products to maximize beneļ¬ts
and minimize errors.
4. We build products to fulļ¬ll the expectations
of these stakeholders dependents.
15. B2B - Enterprise - Integrated Product Design - Product Management Course - Digital SaaS - Introduction - Manager
5. We build products because the alternate
is an untenable situation that deteriorates
our quality of life.
6. We build products because we see a
signiļ¬cant group of people are clueless in
the face of a debilitating impediment.
16. B2B - Enterprise - Integrated Product Design - Product Management Course - Digital SaaS - Introduction - Manager
7. We build products because we are able to
anticipate something based on scientiļ¬c
insights and creative instincts.
āOur job is to ļ¬gure out what customers are
going to want before they do.ā - Steve Jobs.
18. B2B - Enterprise - Integrated Product Design - Product Management Course - Digital SaaS - Introduction - Manager
World is ļ¬lled with only 2 kinds of people.
Proactives and Reactives.
Reactives are those who care because they
need to. Proactives are those who care
because they want to.
19. B2B - Enterprise - Integrated Product Design - Product Management Course - Digital SaaS - Introduction - Manager
As a customer you are deļ¬ned by the need.
Itās ok to be reactive.
As a creator you are deļ¬ned by the want. Be
Proactive.
20. B2B - Enterprise - Integrated Product Design - Product Management Course - Digital SaaS - Introduction - Manager
We build products to satiate the needs of
our customerās (decider and user).
We donāt build products to satisfy our
stakeholders (investors, employees).
22. B2B - Enterprise - Integrated Product Design - Product Management Course - Digital SaaS - Introduction - Manager
āWe start with a customer need and work
backwardsā - said Jeļ¬ Bezos of Amazon.
Successful products are made by integrated
teams with a sole mission to please
particular types of people with same needs.
23. B2B - Enterprise - Integrated Product Design - Product Management Course - Digital SaaS - Introduction - Manager
To fulļ¬ll their needs in exclusion of
everything else. Ultra successful companies
like Amazon call it as customer obsession,
Customer Obsession is the Science and Art
of being proactive with your customer.
Anticipating their needs and innovating on
their behalf.
24. B2B - Enterprise - Integrated Product Design - Product Management Course - Digital SaaS - Introduction - Manager
Customer obsession is about tireless
listening to their verbal and non verbal
feedback.
Customer obsession is about grasping their
unpredictable behavior.
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Customer obsession is about identifying
outlier patterns within populations.
Customer obsession is about anticipating
and eradicating friction in their process,
tasks, activities.
27. B2B - Enterprise - Integrated Product Design - Product Management Course - Digital SaaS - Introduction - Manager
There are many ways for an organization to
ļ¬ourish.
You can be very successful company by
being product obsessed, competitor
obsessed, technology obsessed, business
model obsessed and market obsessed.
28. B2B - Enterprise - Integrated Product Design - Product Management Course - Digital SaaS - Introduction - Manager
Any of the above methods can help you
achieve your business goals.
Customer Obsession empowers you to
reach market leadership in a healthier way.
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Customer Obsession Prepares you to adapt
against constantly changing needs, wants
and expectations.
Customer Obsession propagates the
attitude, structure and processes to invent
and pioneer on behalf of the customer.
30. B2B - Enterprise - Integrated Product Design - Product Management Course - Digital SaaS - Introduction - Manager
āGet closer than ever to your customers. So
close that you tell them what they need well
before they realize it themselves.ā - Steve
Jobs,
All companies claim to be customer
obsessed. Reality is diļ¬erent. Aspiration is
good. Sustained customer centric action is
the only way to a higher share of revenues.
32. B2B - Enterprise - Integrated Product Design - Product Management Course - Digital SaaS - Introduction - Manager
A mindset that is attuned to always deliver
deliver disproportionate value to the
customer
An attitude that goes beyond the obvious,
anticipates expectations and sets customer
delight as the pursuit.
33. B2B - Enterprise - Integrated Product Design - Product Management Course - Digital SaaS - Introduction - Manager
A leadership that measures performance
based on strengths of relationships as
indicated by customer engagement,
customer retention, customer advocacy and
customer churn.
A culture of leveraging persistent user
research and user feedback to gather
insights and develop new ideas for the
customer.
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A knowledge base that accumulates the
minutest of customer details into customer
maps so as to grasp the full customer
journey.
A process that is instituted to pursue
sustained Listening, ruthless
Experimentation, rigorous Invention and
Continuous Validation.
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A team that is comfortable with change,
nimble in its structure and is organized to
adapt to customer evolution.
An Operation that is capable of collecting full
spectrum customer interaction data, armed with
tools to analyze strategic and tactical
perspectives and a decision making pipeline that
prioritizes these insights across the
organization.
37. B2B - Enterprise - Integrated Product Design - Product Management Course - Digital SaaS - Introduction - Manager
Addressing real buyer pain points, is the
only way to develop products customers
love.
This is possible only when we can infuse
customer voice at every step of the product
development process.
38. B2B - Enterprise - Integrated Product Design - Product Management Course - Digital SaaS - Introduction - Manager
In fact, companies like amazon go to the
extent of having an empty chair reserved for
customers in meetings as they seek to
imbibe customer consciousness among
product leaders.
A Product Manager holds forte as the voice
of the customer.
39. B2B - Enterprise - Integrated Product Design - Product Management Course - Digital SaaS - Introduction - Manager
Unbiased advocate of the customer needs
based on diļ¬erent types of User Research.
Leverages insights from Qualitative,
Quantitative and Behavioral methods to
grasp customer context. Combines inquiry
with observation to unearth the underlying
pain.
41. B2B - Enterprise - Integrated Product Design - Product Management Course - Digital SaaS - Introduction - Manager
Getting to know your users is a never
ending task.
It is the only activity that lasts the whole
cycle of discovery, deļ¬nition, development
and Delivery.
42. B2B - Enterprise - Integrated Product Design - Product Management Course - Digital SaaS - Introduction - Manager
Structuring a mechanism to collect,
organize and act on feedback. Ability to
distinguish signal from noise is a key skill
for Product Managers.
Product Managers rely on insights from
design research studies like contextual
inquiry, market research like surveys,
customer feedback through support centers,
43. B2B - Enterprise - Integrated Product Design - Product Management Course - Digital SaaS - Introduction - Manager
customer engagement through web analytics
and embedded software usage analytics from
the product to inform product management
decisions.
Uses these information to Identify and
Validate the strategic priority of needs.
44. B2B - Enterprise - Integrated Product Design - Product Management Course - Digital SaaS - Introduction - Manager
Categorizes them tactically along unworkable,
unavoidable, urgent and underserved buckets
so as to ļ¬gure out the desirability.
Funnel that knowledge to remove status quo
and establish a new normal by building a new
product or improving an existing product.
46. B2B - Enterprise - Integrated Product Design - Product Management Course - Digital SaaS - Introduction - Manager
Product Manager are keen to get to detailed
analysis of the decision making process.
They break down the customer monolith
into its constituent parts. They are sensitive
to the idea of Decision Making Unit of
customers.
47. B2B - Enterprise - Integrated Product Design - Product Management Course - Digital SaaS - Introduction - Manager
They grasp various customer roles of
Inļ¬uencer, Decider, Buyers and Users to
gain a better perspective.
Product managers ask a lot of questions
wherein they seek to narrow down the
common denominator of shared interest
with customer DMUās.
48. B2B - Enterprise - Integrated Product Design - Product Management Course - Digital SaaS - Introduction - Manager
What ratio of eļ¬ort should go into
researching the diļ¬erent types?
What point in the development process
should i focus on knowing users?
49. B2B - Enterprise - Integrated Product Design - Product Management Course - Digital SaaS - Introduction - Manager
What changes do we require in order to
accommodate new need groups?
what are our core customer segments?
What pain points each segment have?
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What features would alleviate pain points?
Is the feature desirable to the customer
team?
What changes do we require in order to
accommodate new need groups?
52. B2B - Enterprise - Integrated Product Design - Product Management Course - Digital SaaS - Introduction - Manager
A Product Manager is a key role in a
company. Some industry leaders also refer
to them as the CEO of the product.
They are accountable for building the right
product and delivering the product right. For
both eļ¬ectiveness and eļ¬ciency.
53. B2B - Enterprise - Integrated Product Design - Product Management Course - Digital SaaS - Introduction - Manager
In the process they are also responsible for
the vision, strategy, roadmap, and feature
deļ¬nition of the product or portfolio.
Depending on size of the company, stage of
its growth, maturity of the product, business
model and organizational structure the roles
and responsibilities of PM vary dramatically
54. B2B - Enterprise - Integrated Product Design - Product Management Course - Digital SaaS - Introduction - Manager
A Product Manager is the hub of a wheel that
holds the internal organization together. A
People Person.
He is obsessed with assembling best teams,
evangelizing their needs and empowering
them with resources to excel in their spheres.
55. B2B - Enterprise - Integrated Product Design - Product Management Course - Digital SaaS - Introduction - Manager
Every organization is structured diļ¬erently.
Functional, program oriented, and Skill
driven teams are typical examples.
Irrespective of how they are organized, each
individual operates with personal and
professional goals tied to their context.
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Brimming with ideas, suggestions, requests
and complaints, they seek to and need to
have a say in how products are built.
A product manager gets to interact with
legal, sales, marketing, industry analysts,
business development, technology, CXOās,
data analysts, user researchers,
57. B2B - Enterprise - Integrated Product Design - Product Management Course - Digital SaaS - Introduction - Manager
user experience designers, security experts,
customer success, customer support and
ļ¬nance on various disciplines that will
impact the product launch.
A product manager compiles, consolidates
and cross pollinates ideas from all
disciplines of the organization.
58. B2B - Enterprise - Integrated Product Design - Product Management Course - Digital SaaS - Introduction - Manager
As a master facilitator, product manager
brings together ideas from various
stakeholders and disciplines. possess the
capability to
1. Bring together customers, partners to
pursue a shared objective
2. Works backwards from impact to the
product epics, stories and features
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3. review technical and marketing content
for relevance to the audience.
4. Acquires competitive intelligence
leveraging all types of research
5. Gathers, assembles and presents
information to support business case
60. B2B - Enterprise - Integrated Product Design - Product Management Course - Digital SaaS - Introduction - Manager
As a general manager of the product, he is
expected to assemble the right team and
empower them with frameworks, models,
process, tools and techniques.
1. Being thoughtful about the purpose to
change.
2. Selecting the type of environment
(startup, enterprise, remote) you wish to
operate
61. B2B - Enterprise - Integrated Product Design - Product Management Course - Digital SaaS - Introduction - Manager
3. Being conscious of the unique perspective
you bring to the role in a b2b or b2c
4. Acquiring the skills needed, tapping into
the larger network of experts and mentors.
5. Demonstrating curiosity to learn diļ¬erent
work needs
6. Being articulate about your opinions and
sharing best practices.
62. B2B - Enterprise - Integrated Product Design - Product Management Course - Digital SaaS - Introduction - Manager
As a Problem Solver, you are expected to
spend time thinking through the problem
and then convert them into a problem
hypothesis statement that resonates with
the wider organization.
1. People are driven by instincts, insights,
prospects or competitors in the identiļ¬cation
of solutions.
63. B2B - Enterprise - Integrated Product Design - Product Management Course - Digital SaaS - Introduction - Manager
First case we call visionaries, the second
case we call innovators, the third case we
call purposeful and the fourth we call
imitators.
2. Real solutions to customers problems
happen when a product manager brings
together all the traits and apply them in a
unique composition to the speciļ¬c scenario at
hand.
64. B2B - Enterprise - Integrated Product Design - Product Management Course - Digital SaaS - Introduction - Manager
3. Blended thought process is the source of
eļ¬ective problem deļ¬nition. This is possible
only when product managers can overcome
their years of learning and training in
structured problem solving.
4. Being comfortable solving ill structured
problems that have little or no precedence
is the hallmark of great product managers.
65. B2B - Enterprise - Integrated Product Design - Product Management Course - Digital SaaS - Introduction - Manager
5. For most of the time, a product manager is
in a constant state of uncertainty listening to
evolving customer needs, stakeholder
expectations, competitor moves and
generating options.
Irrespective of what you do on a day to day
basis, The Heart Of Product Management Is
Finding and Solving Problems.
67. B2B - Enterprise - Integrated Product Design - Product Management Course - Digital SaaS - Introduction - Manager
Day in the life of a Product Manager entails
many things depending on the growth of
organization.
You might be managing existing product or
portfolio, You might be working to improve
revenue via an optimal pricing strategy.
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You might be tasked to Provide realistic
customer acquisition forecast. You might be
working with design and business teams to
create presentations & data sheets.
Some of the common day to day activities
are
1. Catch up on Team, Stakeholder and
Customer Communication via all channels.
69. B2B - Enterprise - Integrated Product Design - Product Management Course - Digital SaaS - Introduction - Manager
2. Setup calls with existing customers to
understand their experience and ļ¬nd ways
to improve it.
3. Orient yourself to learn about market
knowledge, insights and thought leadership.
70. B2B - Enterprise - Integrated Product Design - Product Management Course - Digital SaaS - Introduction - Manager
4. Evaluate product against market needs
and explore new themes for enhancing
customer delight.
5. Provide inputs to construct an ideal
customer proļ¬le and persona
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6. Keep oneself organized to attend to cross
functional meetings requests
7. Respond to support team requests for
validating customer problems or review
escalations
72. B2B - Enterprise - Integrated Product Design - Product Management Course - Digital SaaS - Introduction - Manager
8. Updating Fellow PMās about whatās
happening in your team and take counsel
on improvement
9. Preparing for Product Review meetings
with stakeholders to discuss performance.
73. B2B - Enterprise - Integrated Product Design - Product Management Course - Digital SaaS - Introduction - Manager
10. Keeping tab of Project Management
Deliverables via Task Tracking Software
11. Testing internal releases of product for
edge test cases and user experience ļ¬aws.
74. B2B - Enterprise - Integrated Product Design - Product Management Course - Digital SaaS - Introduction - Manager
12. Joining Stand up meetings with cross
functional stakeholders to grasp asks and
mitigate blocks
13. Working with usability testing teams to
review new prototypes or product features.
75. B2B - Enterprise - Integrated Product Design - Product Management Course - Digital SaaS - Introduction - Manager
14. Organizing scrum stand up meetings for
agile delivery teams with Product Owners.
15. Managing Product Backlogs and
Prioritizing features that accelerate customer
impact
76. B2B - Enterprise - Integrated Product Design - Product Management Course - Digital SaaS - Introduction - Manager
16. Working with legal teams to mitigate any
risk of lawsuits with product launch.
17. Developing Product Requirements
documents detailing the various constraints
of feature operation
77. B2B - Enterprise - Integrated Product Design - Product Management Course - Digital SaaS - Introduction - Manager
18. Develop or Review Content collaterals to
communicate product beneļ¬ts.
19. Reviewing and Enhancing Press Release
to support feature launches
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20. Identify opportunities, Validate
necessity, align stakeholders and convince
decision makers to invest in the opportunity.
21. Inspire, motivate, inļ¬uence and coach
cross functional peers to make decisions in
the best interests of the customers.
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22. Take ownership of a lot of dirty work so
that everyone in the team is unblocked to
perform his job.
23. Use the product like an expert user to
grasp the friction and work with engineering
to proactively resolve it
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24. Set expectations and establish workļ¬ow
with teams for delegation and decision
making
25. Attends learning and networking events
with the single purpose to improve
customers lives by grasping their reality,
constraints and experiences
81. B2B - Enterprise - Integrated Product Design - Product Management Course - Digital SaaS - Introduction - Manager
26. Oļ¬ers continuous customer orientation
trainings for design, technology and
business functions to propagate and
assimilate customer insights.
27. Brings together key members of the
team, facilitates in depth conversations,
identiļ¬es decision alternatives that have
most positive impact on stakeholders.
82. B2B - Enterprise - Integrated Product Design - Product Management Course - Digital SaaS - Introduction - Manager
28. Works with marketing and sales teams
to improve win ratios by optimizing
qualiļ¬cation and conversion metrics based
on evolving grasp of customer persona.
29. Keeps a tab on product operational
metrics includings ļ¬nancial results on a
regular basis to quantify the output and
outcomes
83. B2B - Enterprise - Integrated Product Design - Product Management Course - Digital SaaS - Introduction - Manager
30. employ the right analytics tools to
access relevant data and enlist the support
of data scientists for deeper analytics
31. snap screenshots and sketch wireframes
for feature ideas that I had talked about
with a designer
85. B2B - Enterprise - Integrated Product Design - Product Management Course - Digital SaaS - Introduction - Manager
What are the skills required of a Product
Manager ?
1. Listening
2. Communication