ProductLabs

Helping companies achieve their full potential through product excellence. 

#ProductManagement #ProductConsultancy #ProductTraining #ProductCoaching #Growth

[ProductLabs @product_wow]

Adopting a product mindset enables an organization to experiment with more ideas more widely and more quickly—and, as data comes in, to invest where products show promise and consider remediation where they don’t.

[ProductLabs @product_wow]

Great products are not built on weak compromises.

#ProductMgmt

[ProductLabs @product_wow]

We can’t solve the business problem

Unless

We also solve the user problem.

#productmanagement
#productinnovation
#businessimpact
#usercentric

[ProductLabs @product_wow]

Failing to unlock your product teams potential

Is failing to grow

Your product impact

For your current users

New users

And ultimately

Limiting the company’s earnings

#productinnovation
#productteam
#productculture

[ProductLabs @product_wow]

Great product people must believe in their product
and be very critical of it, at the same time.

#productmanagement

[ProductLabs @product_wow]

Building new products and features without clear goal is called Feature factory.

Setting a clear product vision and strategy is a must.

So is the communication of the vision to the teams and other stakeholders.

#productmanagement

[ProductLabs @product_wow]

Customer-centricity means truly understanding what customers need.

Most teams believe they are catering to customers' needs but hardly any have processes and systems to back that claim.

#productmanagement

[ProductLabs @product_wow]

Ultimately, great products are the result of great product leaders.

Agree?

#productmanagement
#productleadership

[ProductLabs @product_wow]

Product is about knowing what to build!

#productmanagement
#productdiscovery
#productdesign

[ProductLabs @product_wow]

Balancing the Discovery phase with Delivery is a must.

If you only ship tickets without much customer insight as to WHY you may be making the impact you thought you are going to.

The WHY is more important than the HOW.

#productmanagement

[ProductLabs @product_wow]

Innovative product companies build things quickly.

💪 Enable fast-paced learning.

💪 They intentionally outline.

💪 The product strategy.

💪 Build the product teams.

💪 Internal systems and processes.

💪Execute like there is no tomorrow.

#productmanagement

[ProductLabs @product_wow]

Unbalanced teams ship unbalanced products.

What is your product team shape?

#productmanagement
#productteams
#CEOs
#CPOs

[ProductLabs @product_wow]

@danielsbjeong Hi Dan,
Thanks for getting in touch.
We can have a call but this week is really hectic.
The weekend can be a better time for me.

[ProductLabs @product_wow]

At its core, product management is about empathising with customers and understanding their problems.

You know that a user has a problem or needs to do something, and you solve that need with products or with specific product features.

#productmanagement

[ProductLabs @product_wow]

Product Management acts as an accelerator for the business, bringing alignment across teams/departments in the organisation.

#productmanagement

[ProductLabs @product_wow]

Remember, the product strategy shapes the tactics.

The details needed to develop a great product and the overall business strategy.

Epics, User Stories, Story Maps, Scenarios, Design sketches,mock-ups.

The clearer the path the higher the chances of product strategy success.

[ProductLabs @product_wow]

What is it like working on a product without a well-defined sense of direction?

Any stories you want to share?

#productstrategy

[ProductLabs @product_wow]

🤦Customers can tell you of their struggles.

💜How they expect life to be better.

🤟 And how they interact with the products they use.

❌ But they cannot tell you what to do about it.

#productmanagement
#productdiscovery
#userfeedback

[ProductLabs @product_wow]

Here is how you de-risk a product.

First you

1️⃣ Define what type of product problems you are working on.

2️⃣ Outlining how we build based on whom we are building for ie: sophisticated users vs less sophisticated.

3️⃣ Use MVPs to minimize the risks.

[ProductLabs @product_wow]

💥 Building products is full of risks.

👉 High risk of building something that no customer buys or uses will choose to use it.

👉 High usability risk, whether the user can figure out how to use it.

👉 High feasibility risk - figuring out how to build it in a timely manner.