SlideShare a Scribd company logo
PdM in enterprise
business development
November 2018
Client Partner
Head of Financial Services Lab,
SoftServe
MSTM LvBS alumni
MS in Finance
MS in Law
linkedin.com/in/antoninaskrypnyk
WHERE PDM MIGHT FIND HIMSELF TO BE
- We pitch about us, our skills and expertise - We pitch about product advantages and impact to
client’s business
- Client owns product’s idea and business context - We own the initial idea and product business context
- We might advice but not finger point directly - We configure and customize our product to align with
clients business ‘as is’
- We have to show value of our work and us being on-
boarded
- We have to show value of the product and its
capabilities
WE DEVELOP PRODUCT FOR ENTERPRISE CLIENT: WE SELL OUR PRODUCT TO ENTERPRISE CLIENT:
PAIN POINTS AND CHALLENGES
• Low trust to outsourcers
• Tend to ‘lock’ business ownership ‘in da house’
• Competition between in house PdM and vendor PdM
• We have PdM in here, we need yours just to track requirements/write user stories etc.
• Low or no access to up to date context and changes in strategic information
• Limited access to ‘proper’ stakeholders
• Low eagerness (or unobvious security issues) in sharing business related or sensitive information
• No internal alignment at the client side on product strategic vision or critical items
DEVELOP PRODUCT FOR ENTERPRISE CLIENT
PAIN POINTS AND CHALLENGES
• Long sales cycle and decision making reiterations
• Unpredicted stakeholders changes
• Severe procurement and IT&S infrastructure integration requirements
• Each enterprise is a unique ecosystem, requiring even ideally matching product to be ‘mapped’ on it
• Clear product value articulation to business stakeholders – advantages, impact, outcomes, threats, - in different
types of pitches
• ‘We talked to X/Y/Z competitor, they have this, and you don’t’
• ‘What if your product does this? – Do you need that? – Not really, but still does it?’
SELL PRODUCT TO ENTERPRISE CLIENT
ENTERPRISE COMMUNICATION PITFALLS
• Transparency with all stakeholders involved
(no politics playing, cause you will definitely lose, you will leave and they will stay)
• Only official communicational channels for stakeholders alignment
(all is good until is good, ‘…I have no clue of that, show me where it is in the meeting minutes’)
• Italian strike from unaligned or conflicting stakeholders
(Yes I will, … and nothing happens after for weeks/months, indirect ignorance)
BLACK SWAN EVENTS
• C-level decision maker to join the remote demo call unexpectedly (Always use and check the camera)
• Stakeholders conflict (‘…the Program owner is just escorted out of the building…’)
• Merges & Acquisitions/ Org transformation/ Strategic Partnership/ Executive Sponsorship
• The competitor re-bided with product zero price for Client’s Logo Reference (Possible internal deep connection)
• Congratulations, business made a full ‘buy in’. Say hello to our Malaysian Procurement third party.
PDM ‘TO DO’ LIST
• Be engaged, proactive and initiative in problem solving/issue approaching/risk detecting etc.
• Be committed to clients’ success with you. Not to just doing for the sake of doing
• Build informal relationships and do maximum networking/radiance inside
• Ask. Receive answer. Clarify and revalidate. Repeat
• You are there to ease their pain and living
• Be flexible. They might really don’t know what they want
• Be politics agnostic. You are there to bring value to all of them
• Be stress resistant
• Be ready for context change even at the strategic level. Все так не буде
THANK YOU!
Q&A

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PdM in Enterprise Business Development

  • 1. PdM in enterprise business development November 2018
  • 2. Client Partner Head of Financial Services Lab, SoftServe MSTM LvBS alumni MS in Finance MS in Law linkedin.com/in/antoninaskrypnyk
  • 3. WHERE PDM MIGHT FIND HIMSELF TO BE - We pitch about us, our skills and expertise - We pitch about product advantages and impact to client’s business - Client owns product’s idea and business context - We own the initial idea and product business context - We might advice but not finger point directly - We configure and customize our product to align with clients business ‘as is’ - We have to show value of our work and us being on- boarded - We have to show value of the product and its capabilities WE DEVELOP PRODUCT FOR ENTERPRISE CLIENT: WE SELL OUR PRODUCT TO ENTERPRISE CLIENT:
  • 4. PAIN POINTS AND CHALLENGES • Low trust to outsourcers • Tend to ‘lock’ business ownership ‘in da house’ • Competition between in house PdM and vendor PdM • We have PdM in here, we need yours just to track requirements/write user stories etc. • Low or no access to up to date context and changes in strategic information • Limited access to ‘proper’ stakeholders • Low eagerness (or unobvious security issues) in sharing business related or sensitive information • No internal alignment at the client side on product strategic vision or critical items DEVELOP PRODUCT FOR ENTERPRISE CLIENT
  • 5. PAIN POINTS AND CHALLENGES • Long sales cycle and decision making reiterations • Unpredicted stakeholders changes • Severe procurement and IT&S infrastructure integration requirements • Each enterprise is a unique ecosystem, requiring even ideally matching product to be ‘mapped’ on it • Clear product value articulation to business stakeholders – advantages, impact, outcomes, threats, - in different types of pitches • ‘We talked to X/Y/Z competitor, they have this, and you don’t’ • ‘What if your product does this? – Do you need that? – Not really, but still does it?’ SELL PRODUCT TO ENTERPRISE CLIENT
  • 6. ENTERPRISE COMMUNICATION PITFALLS • Transparency with all stakeholders involved (no politics playing, cause you will definitely lose, you will leave and they will stay) • Only official communicational channels for stakeholders alignment (all is good until is good, ‘…I have no clue of that, show me where it is in the meeting minutes’) • Italian strike from unaligned or conflicting stakeholders (Yes I will, … and nothing happens after for weeks/months, indirect ignorance)
  • 7. BLACK SWAN EVENTS • C-level decision maker to join the remote demo call unexpectedly (Always use and check the camera) • Stakeholders conflict (‘…the Program owner is just escorted out of the building…’) • Merges & Acquisitions/ Org transformation/ Strategic Partnership/ Executive Sponsorship • The competitor re-bided with product zero price for Client’s Logo Reference (Possible internal deep connection) • Congratulations, business made a full ‘buy in’. Say hello to our Malaysian Procurement third party.
  • 8. PDM ‘TO DO’ LIST • Be engaged, proactive and initiative in problem solving/issue approaching/risk detecting etc. • Be committed to clients’ success with you. Not to just doing for the sake of doing • Build informal relationships and do maximum networking/radiance inside • Ask. Receive answer. Clarify and revalidate. Repeat • You are there to ease their pain and living • Be flexible. They might really don’t know what they want • Be politics agnostic. You are there to bring value to all of them • Be stress resistant • Be ready for context change even at the strategic level. Все так не буде