SlideShare a Scribd company logo
Ten Tips For New
Product Managers
Waseem Safdar
Waseem Safdar 2
Four types of “new” Product Managers
Waseem Safdar 3
Your relationship to the organization
New Tenured
New
New product,
new organization
New product,
same organization
Existing
Existing product,
new organization
Existing product,
same organization
Typeofproduct
Ten Tips
1. Spend time with customers
2. Ask “dumb” questions
3. Let go of your past
4. Surround yourself with experts
5. Gather data
6. Focus
7. Concentrate on what, not how
8. Communicate, communicate, communicate
9. Sell your product internally
10. Do whatever it takes
Waseem Safdar 4
Spend time with customers
 The single most
important thing a
product manager can
do is to understand
the market
 The best way to
understand the
market is to spend
time with customers
Waseem Safdar 5
Spend time with customers: To Do
Spend more time with customers
than with colleagues
Set goals for customer visits
Establish a regular schedule
for customer interactions
Bring colleagues along with you
Bring back information to share
Waseem Safdar 6
Ask “dumb” questions
 “Dumb” questions are really
more about when they get
asked than about what you
are asking
 New product managers have
the luxury of asking naïve
questions
 Ask as many questions as
possible as soon as possible
 Who to ask? Customers,
colleagues, stakeholders,
superiors, partners,
competitors…
Waseem Safdar 7
Ask “dumb” questions: To Do
 Develop a list of initial questions
 Generate additional questions each time
one is answered
 Make note of interesting answers
for future reference
 Ask the same question to different people
and compare answers
Waseem Safdar 8
Let go of your past
 What were you in your “past” life? Whatever it was,
you’re a product manager now
 There is a natural instinct for product managers to
gravitate towards the function of the business from
which they came – resist it
Waseem Safdar 9
Let go of your past: To Do
Audit the time you are spending on each
area
of the product
Have an open conversation with colleagues
in your former role
- Discuss experiences and establish boundaries
Think hard before overruling decisions
Review regularly to discuss progress
Waseem Safdar 10
Surround yourself with experts
Product managers can not and should not
do it all alone
Your success depends on others
Do not try to be an expert in everything
Leverage the expertise of others in certain areas
Look for “formal” and “informal” advisors
Experts do not just have to be within your
organization
Waseem Safdar 11
Surround yourself with experts: To
Do
Identify areas important to product’s
success
Identify internal experts in targeted
areas
Enlist experts as Trusted Advisors
Utilize advisors for decision-making,
planning, support and overcoming
obstacles
Waseem Safdar 12
Gather data
 “In a truly consumer-driven company,
decisions are based on data… so the
person with the best data wins.” – Scott
Cook; Founder, Intuit
 Lots of different
types of data…
◦ Internal data
◦ External data
◦ Market data
◦ Product data
Waseem Safdar 13
Gather data: To Do
 Gather existing market research and industry
data – primary and secondary
 Identify information gaps and develop plans to
fill them
 Gather existing product performance data
 Identify missing and desired information and
leverage colleagues to obtain
◦ If desired data is not available, quantify the value of it
in order to obtain support for projects to gather it
Waseem Safdar 14
Ten Tips
1. Spend time with customers
2. Ask “dumb” questions
3. Let go of your past
4. Surround yourself with experts
5. Gather data
6. Focus
7. Concentrate on what, not how
8. Communicate, communicate, communicate
9. Sell your product internally
10. Do whatever it takes
Waseem Safdar 15
Focus
It will be overwhelming
You will not know where
to start
It is better to do one
thing well than to do a
lot of things poorly
Waseem Safdar 16
Focus: To Do
 Make a list of all of the “internal” and “external”
priorities
 Determine timelines, relative levels of effort, and
resources required
 Pick a few quick wins and focus initial effort
 During that time, develop longer-term focus
 Get agreement on focus, communicate, and reiterate it
Waseem Safdar 17
Concentrate on what, not how
It will be tempting to control “how” things
get done with your product
Resist the temptation
Product managers should define “what”
needs to happen…
… and others should define “how” those
things happen
Waseem Safdar 18
Concentrate on what, not how: To Do
Clarify roles and responsibilities with team
members
 Engineering
 Design
 Marketing
Get regular feedback on whether you and
others are keeping with the agreed-upon
responsibilities
Waseem Safdar 19
Communicate, communicate…
Do not underestimate
the importance of
communication in all
forms
◦ Informal, formal, written,
verbal, unspoken, method,
timeliness, frequency,
tone
Waseem Safdar 20
Communication
Waseem Safdar 21
Source: Seven Traits of Successful Product Managers; Michael Shrivathsan
michael.hightechproductmanagement.com/2006/12/seven_traits_of_successful_pro.html
Communication
Manager
Engineering
Marketing
Sales
Product
Manager
Waseem Safdar 22
Communication
Waseem Safdar 23
Product
Manager
Sales
Marketing
Customer
Service
Finance
Legal
Other PMs
Engineering Design
Project Management
ManagerExecutives
Communication
Waseem Safdar 24
Product
Manager
Sales
Marketing
Customer
Service
Finance
Legal
Other PMs
Engineering Design
Project Management
ManagerExecutives
Customers
Investors
Industry
Analysts
Partners
Communicate, communicate: To Do
 Audit current communications (if any)
 Get feedback from stakeholders on preferred
communications channels and frequency
 Develop communications plan; type and
frequency
◦ Email newsletter
◦ Intranet site
◦ “State of the Product” presentations
 Set reminders about communications and stick
to schedule!
Waseem Safdar 25
Sell your product internally
Be the champion for your product
“Sell” your product to executives, team
members, other departments
Will help gain resources, funding, support
for issues and new initiatives
Waseem Safdar 26
Sell your product internally: To Do
 Regularly communicate good news
◦ Don’t go overboard
◦ Don’t ignore or try to dismiss bad news
 Make sure your communication plans
include
all the necessary audiences
 Get others to help sell your product
◦ Explicit “enlistment”
◦ Find good supporters and keep them happy
Waseem Safdar 27
Do whatever it takes
“Be willing to do whatever it takes.
…
I know of many cases where the
product manager needed to help
out with deliverables for customer
support, sales training, technical
writing, QA, engineering, and
marketing. You may need to just do
it.”
Waseem Safdar 28
Do whatever it takes: To Do
 Learn about as many areas of your product
as possible
◦ The more you know, the more you can help
 Help out at the right time
◦ Don’t start too early, but don’t wait too long
 Don’t complain about having to help out
◦ But make sure to discuss it later if there are skill or
resource issues that need to be addressed
Waseem Safdar 29
Bonus tip #11
Learn from other product managers
There are plenty of great (and often
free!) resources available
Books, blogs, newsletters, webinars,
conferences, training, professional
associations, local groups, mailing
lists, social networking sites…
Waseem Safdar 30
Thank You
Waseem Safdar 31

More Related Content

What's hot

The Problems WIth Strategy Can Be Solved By A Chief Brand Officer
The Problems WIth Strategy Can Be Solved By A Chief Brand OfficerThe Problems WIth Strategy Can Be Solved By A Chief Brand Officer
The Problems WIth Strategy Can Be Solved By A Chief Brand Officer
Edward Tierney
 
Do you really want to change the world?
Do you really want to change the world?Do you really want to change the world?
Do you really want to change the world?
Joao Perre Viana
 
8 questions you must ask to create innovation that works | London Business Sc...
8 questions you must ask to create innovation that works | London Business Sc...8 questions you must ask to create innovation that works | London Business Sc...
8 questions you must ask to create innovation that works | London Business Sc...
London Business School
 
Small Business Opportunities in a Down Market
Small Business Opportunities in a Down MarketSmall Business Opportunities in a Down Market
Small Business Opportunities in a Down Market
BDPA Education and Technology Foundation
 
Keynote: If only I’d had a tardis: Why you shouldn’t rely on time travel to m...
Keynote: If only I’d had a tardis: Why you shouldn’t rely on time travel to m...Keynote: If only I’d had a tardis: Why you shouldn’t rely on time travel to m...
Keynote: If only I’d had a tardis: Why you shouldn’t rely on time travel to m...
ProductCampMelbourne
 
Effectuation entrepreneurship
Effectuation entrepreneurshipEffectuation entrepreneurship
Effectuation entrepreneurship
tonpantoja
 
The mc kinsey way
The mc kinsey wayThe mc kinsey way
The mc kinsey way
Chidirala Anil Shankar
 
ICAEW talk "Stay Strong, Stay Focused" March 2012
ICAEW talk "Stay Strong, Stay Focused"  March 2012ICAEW talk "Stay Strong, Stay Focused"  March 2012
ICAEW talk "Stay Strong, Stay Focused" March 2012
Gavin Preston
 
A lone writer's journey to the startup galaxy
A lone writer's journey to the startup galaxyA lone writer's journey to the startup galaxy
A lone writer's journey to the startup galaxy
Priti Gaikwad
 
0 1 Intro Rel Of B Plan Pitch
0 1 Intro Rel Of B Plan Pitch0 1 Intro Rel Of B Plan Pitch
0 1 Intro Rel Of B Plan Pitch
Genesis C-Tides
 
Effectuation presentation gc20151210 (4)
Effectuation presentation gc20151210 (4)Effectuation presentation gc20151210 (4)
Effectuation presentation gc20151210 (4)
Norah Cussen
 
Doing YC: things we learned
Doing YC: things we learnedDoing YC: things we learned
Doing YC: things we learned
Bjoern Zinssmeister
 
The Mc Kinsey Way
The Mc Kinsey WayThe Mc Kinsey Way
The Mc Kinsey Way
Palan Ramanathan
 
The mckinsey way "How consulting company works"
The mckinsey way "How consulting company works"The mckinsey way "How consulting company works"
The mckinsey way "How consulting company works"
Suhag Mistry
 
How to be a star performer at work
How to be a star performer at workHow to be a star performer at work
How to be a star performer at work
OfficeTimer
 
Innovation basics
Innovation basics Innovation basics
Innovation basics
Fredrik Ljungberg
 
Presenting with Impact (how to polish your elevator pitch). Scott Bailey
Presenting with Impact (how to polish your elevator pitch). Scott BaileyPresenting with Impact (how to polish your elevator pitch). Scott Bailey
Presenting with Impact (how to polish your elevator pitch). Scott Bailey
mitefrussia
 
Stop writing bad business cases
Stop writing bad business casesStop writing bad business cases
Stop writing bad business cases
Brainmates Pty Limited
 
Intrepreneurship using effectuation principles
Intrepreneurship using effectuation principlesIntrepreneurship using effectuation principles
Intrepreneurship using effectuation principles
Ahimanikya Satapathy
 
Business plan mistakes
Business plan mistakesBusiness plan mistakes
Business plan mistakes
Aladesuru Walter Adewale
 

What's hot (20)

The Problems WIth Strategy Can Be Solved By A Chief Brand Officer
The Problems WIth Strategy Can Be Solved By A Chief Brand OfficerThe Problems WIth Strategy Can Be Solved By A Chief Brand Officer
The Problems WIth Strategy Can Be Solved By A Chief Brand Officer
 
Do you really want to change the world?
Do you really want to change the world?Do you really want to change the world?
Do you really want to change the world?
 
8 questions you must ask to create innovation that works | London Business Sc...
8 questions you must ask to create innovation that works | London Business Sc...8 questions you must ask to create innovation that works | London Business Sc...
8 questions you must ask to create innovation that works | London Business Sc...
 
Small Business Opportunities in a Down Market
Small Business Opportunities in a Down MarketSmall Business Opportunities in a Down Market
Small Business Opportunities in a Down Market
 
Keynote: If only I’d had a tardis: Why you shouldn’t rely on time travel to m...
Keynote: If only I’d had a tardis: Why you shouldn’t rely on time travel to m...Keynote: If only I’d had a tardis: Why you shouldn’t rely on time travel to m...
Keynote: If only I’d had a tardis: Why you shouldn’t rely on time travel to m...
 
Effectuation entrepreneurship
Effectuation entrepreneurshipEffectuation entrepreneurship
Effectuation entrepreneurship
 
The mc kinsey way
The mc kinsey wayThe mc kinsey way
The mc kinsey way
 
ICAEW talk "Stay Strong, Stay Focused" March 2012
ICAEW talk "Stay Strong, Stay Focused"  March 2012ICAEW talk "Stay Strong, Stay Focused"  March 2012
ICAEW talk "Stay Strong, Stay Focused" March 2012
 
A lone writer's journey to the startup galaxy
A lone writer's journey to the startup galaxyA lone writer's journey to the startup galaxy
A lone writer's journey to the startup galaxy
 
0 1 Intro Rel Of B Plan Pitch
0 1 Intro Rel Of B Plan Pitch0 1 Intro Rel Of B Plan Pitch
0 1 Intro Rel Of B Plan Pitch
 
Effectuation presentation gc20151210 (4)
Effectuation presentation gc20151210 (4)Effectuation presentation gc20151210 (4)
Effectuation presentation gc20151210 (4)
 
Doing YC: things we learned
Doing YC: things we learnedDoing YC: things we learned
Doing YC: things we learned
 
The Mc Kinsey Way
The Mc Kinsey WayThe Mc Kinsey Way
The Mc Kinsey Way
 
The mckinsey way "How consulting company works"
The mckinsey way "How consulting company works"The mckinsey way "How consulting company works"
The mckinsey way "How consulting company works"
 
How to be a star performer at work
How to be a star performer at workHow to be a star performer at work
How to be a star performer at work
 
Innovation basics
Innovation basics Innovation basics
Innovation basics
 
Presenting with Impact (how to polish your elevator pitch). Scott Bailey
Presenting with Impact (how to polish your elevator pitch). Scott BaileyPresenting with Impact (how to polish your elevator pitch). Scott Bailey
Presenting with Impact (how to polish your elevator pitch). Scott Bailey
 
Stop writing bad business cases
Stop writing bad business casesStop writing bad business cases
Stop writing bad business cases
 
Intrepreneurship using effectuation principles
Intrepreneurship using effectuation principlesIntrepreneurship using effectuation principles
Intrepreneurship using effectuation principles
 
Business plan mistakes
Business plan mistakesBusiness plan mistakes
Business plan mistakes
 

Similar to Ten tips for new product managers

What Sucks About Product Management by Salesforce Sr PM
What Sucks About Product Management by Salesforce Sr PMWhat Sucks About Product Management by Salesforce Sr PM
What Sucks About Product Management by Salesforce Sr PM
Product School
 
Ten Tips For New Product Managers
Ten Tips For New Product ManagersTen Tips For New Product Managers
Ten Tips For New Product Managers
Jeff Lash
 
10 Tips on how to be an Awesome Product Manager
10 Tips on how to be an Awesome Product Manager10 Tips on how to be an Awesome Product Manager
10 Tips on how to be an Awesome Product Manager
Brainmates Pty Limited
 
Entrpreneurship
EntrpreneurshipEntrpreneurship
Entrpreneurship
Ultraspectra
 
Module 2
Module 2Module 2
The Art of Preparing Your Small Business for Exit
The Art of Preparing Your Small Business for ExitThe Art of Preparing Your Small Business for Exit
The Art of Preparing Your Small Business for Exit
Tallat Mahmood
 
Common mistakes made by sales people and how to avoid them - Juma William
Common mistakes made by sales people and how to avoid them - Juma WilliamCommon mistakes made by sales people and how to avoid them - Juma William
Common mistakes made by sales people and how to avoid them - Juma William
Juma William
 
Common mistakes made by sales people and how to avoid them juma william
Common mistakes made by sales people and how to avoid them juma williamCommon mistakes made by sales people and how to avoid them juma william
Common mistakes made by sales people and how to avoid them juma william
Juma William
 
Common mistakes made by sales people and how to avoid them
Common mistakes made by sales people and how to avoid themCommon mistakes made by sales people and how to avoid them
Common mistakes made by sales people and how to avoid them
Juma William
 
How to Improve Your Business
How to Improve Your BusinessHow to Improve Your Business
How to Improve Your Business
JuneJRodgers
 
The keys for a succsessful enterprise
The keys for a succsessful enterpriseThe keys for a succsessful enterprise
The keys for a succsessful enterprise
shashank shekhar singh
 
10 tips for fashion startups
10 tips for fashion startups 10 tips for fashion startups
10 tips for fashion startups
Jedannah Vieira
 
A Beginner's Guide to Redesigning Your Firm's Website
A Beginner's Guide to Redesigning Your Firm's WebsiteA Beginner's Guide to Redesigning Your Firm's Website
A Beginner's Guide to Redesigning Your Firm's Website
One North
 
How to Run a Successful Small Business
How to Run a Successful Small BusinessHow to Run a Successful Small Business
How to Run a Successful Small Business
InsightSquared
 
Maximise Your Business Potential 2010
Maximise Your Business Potential 2010Maximise Your Business Potential 2010
Maximise Your Business Potential 2010
Bookbuzz
 
How To Fail: 25 Secrets Learned through Failure
How To Fail: 25 Secrets Learned through FailureHow To Fail: 25 Secrets Learned through Failure
How To Fail: 25 Secrets Learned through Failure
Taylor Davidson
 
12 steps tostart
12 steps tostart12 steps tostart
12 steps tostart
Ali Kamran
 
Retailer magazine issue 12
Retailer magazine issue 12Retailer magazine issue 12
Retailer magazine issue 12
MoatazBellah Magdi
 
Principles for Success in Business: Part One
Principles for Success in Business: Part OnePrinciples for Success in Business: Part One
Principles for Success in Business: Part One
Sandeep Baweja
 
Top Seven Ways How To Implement Your Business Ideas
Top Seven Ways How To Implement Your Business IdeasTop Seven Ways How To Implement Your Business Ideas
Top Seven Ways How To Implement Your Business Ideas
David Stoffel
 

Similar to Ten tips for new product managers (20)

What Sucks About Product Management by Salesforce Sr PM
What Sucks About Product Management by Salesforce Sr PMWhat Sucks About Product Management by Salesforce Sr PM
What Sucks About Product Management by Salesforce Sr PM
 
Ten Tips For New Product Managers
Ten Tips For New Product ManagersTen Tips For New Product Managers
Ten Tips For New Product Managers
 
10 Tips on how to be an Awesome Product Manager
10 Tips on how to be an Awesome Product Manager10 Tips on how to be an Awesome Product Manager
10 Tips on how to be an Awesome Product Manager
 
Entrpreneurship
EntrpreneurshipEntrpreneurship
Entrpreneurship
 
Module 2
Module 2Module 2
Module 2
 
The Art of Preparing Your Small Business for Exit
The Art of Preparing Your Small Business for ExitThe Art of Preparing Your Small Business for Exit
The Art of Preparing Your Small Business for Exit
 
Common mistakes made by sales people and how to avoid them - Juma William
Common mistakes made by sales people and how to avoid them - Juma WilliamCommon mistakes made by sales people and how to avoid them - Juma William
Common mistakes made by sales people and how to avoid them - Juma William
 
Common mistakes made by sales people and how to avoid them juma william
Common mistakes made by sales people and how to avoid them juma williamCommon mistakes made by sales people and how to avoid them juma william
Common mistakes made by sales people and how to avoid them juma william
 
Common mistakes made by sales people and how to avoid them
Common mistakes made by sales people and how to avoid themCommon mistakes made by sales people and how to avoid them
Common mistakes made by sales people and how to avoid them
 
How to Improve Your Business
How to Improve Your BusinessHow to Improve Your Business
How to Improve Your Business
 
The keys for a succsessful enterprise
The keys for a succsessful enterpriseThe keys for a succsessful enterprise
The keys for a succsessful enterprise
 
10 tips for fashion startups
10 tips for fashion startups 10 tips for fashion startups
10 tips for fashion startups
 
A Beginner's Guide to Redesigning Your Firm's Website
A Beginner's Guide to Redesigning Your Firm's WebsiteA Beginner's Guide to Redesigning Your Firm's Website
A Beginner's Guide to Redesigning Your Firm's Website
 
How to Run a Successful Small Business
How to Run a Successful Small BusinessHow to Run a Successful Small Business
How to Run a Successful Small Business
 
Maximise Your Business Potential 2010
Maximise Your Business Potential 2010Maximise Your Business Potential 2010
Maximise Your Business Potential 2010
 
How To Fail: 25 Secrets Learned through Failure
How To Fail: 25 Secrets Learned through FailureHow To Fail: 25 Secrets Learned through Failure
How To Fail: 25 Secrets Learned through Failure
 
12 steps tostart
12 steps tostart12 steps tostart
12 steps tostart
 
Retailer magazine issue 12
Retailer magazine issue 12Retailer magazine issue 12
Retailer magazine issue 12
 
Principles for Success in Business: Part One
Principles for Success in Business: Part OnePrinciples for Success in Business: Part One
Principles for Success in Business: Part One
 
Top Seven Ways How To Implement Your Business Ideas
Top Seven Ways How To Implement Your Business IdeasTop Seven Ways How To Implement Your Business Ideas
Top Seven Ways How To Implement Your Business Ideas
 

More from Waseem Safdar

Waseem safdar
Waseem safdarWaseem safdar
Waseem safdar
Waseem Safdar
 
Waseem Safdar
Waseem SafdarWaseem Safdar
Waseem Safdar
Waseem Safdar
 
Quotes
QuotesQuotes
Hero
HeroHero
Ten tips for new product managers
Ten tips for new product managersTen tips for new product managers
Ten tips for new product managers
Waseem Safdar
 
Quotes
QuotesQuotes

More from Waseem Safdar (6)

Waseem safdar
Waseem safdarWaseem safdar
Waseem safdar
 
Waseem Safdar
Waseem SafdarWaseem Safdar
Waseem Safdar
 
Quotes
QuotesQuotes
Quotes
 
Hero
HeroHero
Hero
 
Ten tips for new product managers
Ten tips for new product managersTen tips for new product managers
Ten tips for new product managers
 
Quotes
QuotesQuotes
Quotes
 

Recently uploaded

list of states and organizations .pdf
list of  states  and  organizations .pdflist of  states  and  organizations .pdf
list of states and organizations .pdf
Rbc Rbcua
 
Top 10 Free Accounting and Bookkeeping Apps for Small Businesses
Top 10 Free Accounting and Bookkeeping Apps for Small BusinessesTop 10 Free Accounting and Bookkeeping Apps for Small Businesses
Top 10 Free Accounting and Bookkeeping Apps for Small Businesses
YourLegal Accounting
 
Registered-Establishment-List-in-Uttarakhand-pdf.pdf
Registered-Establishment-List-in-Uttarakhand-pdf.pdfRegistered-Establishment-List-in-Uttarakhand-pdf.pdf
Registered-Establishment-List-in-Uttarakhand-pdf.pdf
dazzjoker
 
Best practices for project execution and delivery
Best practices for project execution and deliveryBest practices for project execution and delivery
Best practices for project execution and delivery
CLIVE MINCHIN
 
The Steadfast and Reliable Bull: Taurus Zodiac Sign
The Steadfast and Reliable Bull: Taurus Zodiac SignThe Steadfast and Reliable Bull: Taurus Zodiac Sign
The Steadfast and Reliable Bull: Taurus Zodiac Sign
my Pandit
 
Profiles of Iconic Fashion Personalities.pdf
Profiles of Iconic Fashion Personalities.pdfProfiles of Iconic Fashion Personalities.pdf
Profiles of Iconic Fashion Personalities.pdf
TTop Threads
 
Zodiac Signs and Food Preferences_ What Your Sign Says About Your Taste
Zodiac Signs and Food Preferences_ What Your Sign Says About Your TasteZodiac Signs and Food Preferences_ What Your Sign Says About Your Taste
Zodiac Signs and Food Preferences_ What Your Sign Says About Your Taste
my Pandit
 
Satta Matka Dpboss Matka Guessing Kalyan Chart Indian Matka Kalyan panel Chart
Satta Matka Dpboss Matka Guessing Kalyan Chart Indian Matka Kalyan panel ChartSatta Matka Dpboss Matka Guessing Kalyan Chart Indian Matka Kalyan panel Chart
Satta Matka Dpboss Matka Guessing Kalyan Chart Indian Matka Kalyan panel Chart
➒➌➎➏➑➐➋➑➐➐Dpboss Matka Guessing Satta Matka Kalyan Chart Indian Matka
 
一比一原版新西兰奥塔哥大学毕业证(otago毕业证)如何办理
一比一原版新西兰奥塔哥大学毕业证(otago毕业证)如何办理一比一原版新西兰奥塔哥大学毕业证(otago毕业证)如何办理
一比一原版新西兰奥塔哥大学毕业证(otago毕业证)如何办理
taqyea
 
Unveiling the Dynamic Personalities, Key Dates, and Horoscope Insights: Gemin...
Unveiling the Dynamic Personalities, Key Dates, and Horoscope Insights: Gemin...Unveiling the Dynamic Personalities, Key Dates, and Horoscope Insights: Gemin...
Unveiling the Dynamic Personalities, Key Dates, and Horoscope Insights: Gemin...
my Pandit
 
TIMES BPO: Business Plan For Startup Industry
TIMES BPO: Business Plan For Startup IndustryTIMES BPO: Business Plan For Startup Industry
TIMES BPO: Business Plan For Startup Industry
timesbpobusiness
 
2022 Vintage Roman Numerals Men Rings
2022 Vintage Roman  Numerals  Men  Rings2022 Vintage Roman  Numerals  Men  Rings
2022 Vintage Roman Numerals Men Rings
aragme
 
HOW TO START UP A COMPANY A STEP-BY-STEP GUIDE.pdf
HOW TO START UP A COMPANY A STEP-BY-STEP GUIDE.pdfHOW TO START UP A COMPANY A STEP-BY-STEP GUIDE.pdf
HOW TO START UP A COMPANY A STEP-BY-STEP GUIDE.pdf
46adnanshahzad
 
The latest Heat Pump Manual from Newentide
The latest Heat Pump Manual from NewentideThe latest Heat Pump Manual from Newentide
The latest Heat Pump Manual from Newentide
JoeYangGreatMachiner
 
Innovation Management Frameworks: Your Guide to Creativity & Innovation
Innovation Management Frameworks: Your Guide to Creativity & InnovationInnovation Management Frameworks: Your Guide to Creativity & Innovation
Innovation Management Frameworks: Your Guide to Creativity & Innovation
Operational Excellence Consulting
 
Taurus Zodiac Sign: Unveiling the Traits, Dates, and Horoscope Insights of th...
Taurus Zodiac Sign: Unveiling the Traits, Dates, and Horoscope Insights of th...Taurus Zodiac Sign: Unveiling the Traits, Dates, and Horoscope Insights of th...
Taurus Zodiac Sign: Unveiling the Traits, Dates, and Horoscope Insights of th...
my Pandit
 
Hamster Kombat' Telegram Game Surpasses 100 Million Players—Token Release Sch...
Hamster Kombat' Telegram Game Surpasses 100 Million Players—Token Release Sch...Hamster Kombat' Telegram Game Surpasses 100 Million Players—Token Release Sch...
Hamster Kombat' Telegram Game Surpasses 100 Million Players—Token Release Sch...
SOFTTECHHUB
 
Lundin Gold Corporate Presentation - June 2024
Lundin Gold Corporate Presentation - June 2024Lundin Gold Corporate Presentation - June 2024
Lundin Gold Corporate Presentation - June 2024
Adnet Communications
 
Industrial Tech SW: Category Renewal and Creation
Industrial Tech SW:  Category Renewal and CreationIndustrial Tech SW:  Category Renewal and Creation
Industrial Tech SW: Category Renewal and Creation
Christian Dahlen
 
3 Simple Steps To Buy Verified Payoneer Account In 2024
3 Simple Steps To Buy Verified Payoneer Account In 20243 Simple Steps To Buy Verified Payoneer Account In 2024
3 Simple Steps To Buy Verified Payoneer Account In 2024
SEOSMMEARTH
 

Recently uploaded (20)

list of states and organizations .pdf
list of  states  and  organizations .pdflist of  states  and  organizations .pdf
list of states and organizations .pdf
 
Top 10 Free Accounting and Bookkeeping Apps for Small Businesses
Top 10 Free Accounting and Bookkeeping Apps for Small BusinessesTop 10 Free Accounting and Bookkeeping Apps for Small Businesses
Top 10 Free Accounting and Bookkeeping Apps for Small Businesses
 
Registered-Establishment-List-in-Uttarakhand-pdf.pdf
Registered-Establishment-List-in-Uttarakhand-pdf.pdfRegistered-Establishment-List-in-Uttarakhand-pdf.pdf
Registered-Establishment-List-in-Uttarakhand-pdf.pdf
 
Best practices for project execution and delivery
Best practices for project execution and deliveryBest practices for project execution and delivery
Best practices for project execution and delivery
 
The Steadfast and Reliable Bull: Taurus Zodiac Sign
The Steadfast and Reliable Bull: Taurus Zodiac SignThe Steadfast and Reliable Bull: Taurus Zodiac Sign
The Steadfast and Reliable Bull: Taurus Zodiac Sign
 
Profiles of Iconic Fashion Personalities.pdf
Profiles of Iconic Fashion Personalities.pdfProfiles of Iconic Fashion Personalities.pdf
Profiles of Iconic Fashion Personalities.pdf
 
Zodiac Signs and Food Preferences_ What Your Sign Says About Your Taste
Zodiac Signs and Food Preferences_ What Your Sign Says About Your TasteZodiac Signs and Food Preferences_ What Your Sign Says About Your Taste
Zodiac Signs and Food Preferences_ What Your Sign Says About Your Taste
 
Satta Matka Dpboss Matka Guessing Kalyan Chart Indian Matka Kalyan panel Chart
Satta Matka Dpboss Matka Guessing Kalyan Chart Indian Matka Kalyan panel ChartSatta Matka Dpboss Matka Guessing Kalyan Chart Indian Matka Kalyan panel Chart
Satta Matka Dpboss Matka Guessing Kalyan Chart Indian Matka Kalyan panel Chart
 
一比一原版新西兰奥塔哥大学毕业证(otago毕业证)如何办理
一比一原版新西兰奥塔哥大学毕业证(otago毕业证)如何办理一比一原版新西兰奥塔哥大学毕业证(otago毕业证)如何办理
一比一原版新西兰奥塔哥大学毕业证(otago毕业证)如何办理
 
Unveiling the Dynamic Personalities, Key Dates, and Horoscope Insights: Gemin...
Unveiling the Dynamic Personalities, Key Dates, and Horoscope Insights: Gemin...Unveiling the Dynamic Personalities, Key Dates, and Horoscope Insights: Gemin...
Unveiling the Dynamic Personalities, Key Dates, and Horoscope Insights: Gemin...
 
TIMES BPO: Business Plan For Startup Industry
TIMES BPO: Business Plan For Startup IndustryTIMES BPO: Business Plan For Startup Industry
TIMES BPO: Business Plan For Startup Industry
 
2022 Vintage Roman Numerals Men Rings
2022 Vintage Roman  Numerals  Men  Rings2022 Vintage Roman  Numerals  Men  Rings
2022 Vintage Roman Numerals Men Rings
 
HOW TO START UP A COMPANY A STEP-BY-STEP GUIDE.pdf
HOW TO START UP A COMPANY A STEP-BY-STEP GUIDE.pdfHOW TO START UP A COMPANY A STEP-BY-STEP GUIDE.pdf
HOW TO START UP A COMPANY A STEP-BY-STEP GUIDE.pdf
 
The latest Heat Pump Manual from Newentide
The latest Heat Pump Manual from NewentideThe latest Heat Pump Manual from Newentide
The latest Heat Pump Manual from Newentide
 
Innovation Management Frameworks: Your Guide to Creativity & Innovation
Innovation Management Frameworks: Your Guide to Creativity & InnovationInnovation Management Frameworks: Your Guide to Creativity & Innovation
Innovation Management Frameworks: Your Guide to Creativity & Innovation
 
Taurus Zodiac Sign: Unveiling the Traits, Dates, and Horoscope Insights of th...
Taurus Zodiac Sign: Unveiling the Traits, Dates, and Horoscope Insights of th...Taurus Zodiac Sign: Unveiling the Traits, Dates, and Horoscope Insights of th...
Taurus Zodiac Sign: Unveiling the Traits, Dates, and Horoscope Insights of th...
 
Hamster Kombat' Telegram Game Surpasses 100 Million Players—Token Release Sch...
Hamster Kombat' Telegram Game Surpasses 100 Million Players—Token Release Sch...Hamster Kombat' Telegram Game Surpasses 100 Million Players—Token Release Sch...
Hamster Kombat' Telegram Game Surpasses 100 Million Players—Token Release Sch...
 
Lundin Gold Corporate Presentation - June 2024
Lundin Gold Corporate Presentation - June 2024Lundin Gold Corporate Presentation - June 2024
Lundin Gold Corporate Presentation - June 2024
 
Industrial Tech SW: Category Renewal and Creation
Industrial Tech SW:  Category Renewal and CreationIndustrial Tech SW:  Category Renewal and Creation
Industrial Tech SW: Category Renewal and Creation
 
3 Simple Steps To Buy Verified Payoneer Account In 2024
3 Simple Steps To Buy Verified Payoneer Account In 20243 Simple Steps To Buy Verified Payoneer Account In 2024
3 Simple Steps To Buy Verified Payoneer Account In 2024
 

Ten tips for new product managers

  • 1. Ten Tips For New Product Managers Waseem Safdar
  • 3. Four types of “new” Product Managers Waseem Safdar 3 Your relationship to the organization New Tenured New New product, new organization New product, same organization Existing Existing product, new organization Existing product, same organization Typeofproduct
  • 4. Ten Tips 1. Spend time with customers 2. Ask “dumb” questions 3. Let go of your past 4. Surround yourself with experts 5. Gather data 6. Focus 7. Concentrate on what, not how 8. Communicate, communicate, communicate 9. Sell your product internally 10. Do whatever it takes Waseem Safdar 4
  • 5. Spend time with customers  The single most important thing a product manager can do is to understand the market  The best way to understand the market is to spend time with customers Waseem Safdar 5
  • 6. Spend time with customers: To Do Spend more time with customers than with colleagues Set goals for customer visits Establish a regular schedule for customer interactions Bring colleagues along with you Bring back information to share Waseem Safdar 6
  • 7. Ask “dumb” questions  “Dumb” questions are really more about when they get asked than about what you are asking  New product managers have the luxury of asking naïve questions  Ask as many questions as possible as soon as possible  Who to ask? Customers, colleagues, stakeholders, superiors, partners, competitors… Waseem Safdar 7
  • 8. Ask “dumb” questions: To Do  Develop a list of initial questions  Generate additional questions each time one is answered  Make note of interesting answers for future reference  Ask the same question to different people and compare answers Waseem Safdar 8
  • 9. Let go of your past  What were you in your “past” life? Whatever it was, you’re a product manager now  There is a natural instinct for product managers to gravitate towards the function of the business from which they came – resist it Waseem Safdar 9
  • 10. Let go of your past: To Do Audit the time you are spending on each area of the product Have an open conversation with colleagues in your former role - Discuss experiences and establish boundaries Think hard before overruling decisions Review regularly to discuss progress Waseem Safdar 10
  • 11. Surround yourself with experts Product managers can not and should not do it all alone Your success depends on others Do not try to be an expert in everything Leverage the expertise of others in certain areas Look for “formal” and “informal” advisors Experts do not just have to be within your organization Waseem Safdar 11
  • 12. Surround yourself with experts: To Do Identify areas important to product’s success Identify internal experts in targeted areas Enlist experts as Trusted Advisors Utilize advisors for decision-making, planning, support and overcoming obstacles Waseem Safdar 12
  • 13. Gather data  “In a truly consumer-driven company, decisions are based on data… so the person with the best data wins.” – Scott Cook; Founder, Intuit  Lots of different types of data… ◦ Internal data ◦ External data ◦ Market data ◦ Product data Waseem Safdar 13
  • 14. Gather data: To Do  Gather existing market research and industry data – primary and secondary  Identify information gaps and develop plans to fill them  Gather existing product performance data  Identify missing and desired information and leverage colleagues to obtain ◦ If desired data is not available, quantify the value of it in order to obtain support for projects to gather it Waseem Safdar 14
  • 15. Ten Tips 1. Spend time with customers 2. Ask “dumb” questions 3. Let go of your past 4. Surround yourself with experts 5. Gather data 6. Focus 7. Concentrate on what, not how 8. Communicate, communicate, communicate 9. Sell your product internally 10. Do whatever it takes Waseem Safdar 15
  • 16. Focus It will be overwhelming You will not know where to start It is better to do one thing well than to do a lot of things poorly Waseem Safdar 16
  • 17. Focus: To Do  Make a list of all of the “internal” and “external” priorities  Determine timelines, relative levels of effort, and resources required  Pick a few quick wins and focus initial effort  During that time, develop longer-term focus  Get agreement on focus, communicate, and reiterate it Waseem Safdar 17
  • 18. Concentrate on what, not how It will be tempting to control “how” things get done with your product Resist the temptation Product managers should define “what” needs to happen… … and others should define “how” those things happen Waseem Safdar 18
  • 19. Concentrate on what, not how: To Do Clarify roles and responsibilities with team members  Engineering  Design  Marketing Get regular feedback on whether you and others are keeping with the agreed-upon responsibilities Waseem Safdar 19
  • 20. Communicate, communicate… Do not underestimate the importance of communication in all forms ◦ Informal, formal, written, verbal, unspoken, method, timeliness, frequency, tone Waseem Safdar 20
  • 21. Communication Waseem Safdar 21 Source: Seven Traits of Successful Product Managers; Michael Shrivathsan michael.hightechproductmanagement.com/2006/12/seven_traits_of_successful_pro.html
  • 24. Communication Waseem Safdar 24 Product Manager Sales Marketing Customer Service Finance Legal Other PMs Engineering Design Project Management ManagerExecutives Customers Investors Industry Analysts Partners
  • 25. Communicate, communicate: To Do  Audit current communications (if any)  Get feedback from stakeholders on preferred communications channels and frequency  Develop communications plan; type and frequency ◦ Email newsletter ◦ Intranet site ◦ “State of the Product” presentations  Set reminders about communications and stick to schedule! Waseem Safdar 25
  • 26. Sell your product internally Be the champion for your product “Sell” your product to executives, team members, other departments Will help gain resources, funding, support for issues and new initiatives Waseem Safdar 26
  • 27. Sell your product internally: To Do  Regularly communicate good news ◦ Don’t go overboard ◦ Don’t ignore or try to dismiss bad news  Make sure your communication plans include all the necessary audiences  Get others to help sell your product ◦ Explicit “enlistment” ◦ Find good supporters and keep them happy Waseem Safdar 27
  • 28. Do whatever it takes “Be willing to do whatever it takes. … I know of many cases where the product manager needed to help out with deliverables for customer support, sales training, technical writing, QA, engineering, and marketing. You may need to just do it.” Waseem Safdar 28
  • 29. Do whatever it takes: To Do  Learn about as many areas of your product as possible ◦ The more you know, the more you can help  Help out at the right time ◦ Don’t start too early, but don’t wait too long  Don’t complain about having to help out ◦ But make sure to discuss it later if there are skill or resource issues that need to be addressed Waseem Safdar 29
  • 30. Bonus tip #11 Learn from other product managers There are plenty of great (and often free!) resources available Books, blogs, newsletters, webinars, conferences, training, professional associations, local groups, mailing lists, social networking sites… Waseem Safdar 30

Editor's Notes

  1. 1
  2. 7
  3. 9
  4. 11
  5. 16
  6. 17
  7. 18
  8. 27
  9. 31