Archive of the PRODUCTHEAD newsletter, a regular newsletter of product management goodness, curated by Jock Busuttil (@jockbu).
» Wartime vs peacetime leaders employ different skill sets
» Airbnb’s changes to product management could be just what is needed in wartime or equally a retrograde step
» Working from home is a particularly polarising debate because it aligns with the leader-employee divide
» Discussions about productivity are often a proxy discussion for some other dysfunction
» To buy your product, the value users perceive from the product must be greater than its price
» The biggest, worst-kept secret of monetisation UX: ask, ask and ask again
» Every decision is a trade-off — deciding what not to do is just as important as deciding what to do
» A good product vision captures customer, user, value proposition and links to organisational objectives
» Interrogate your goals: “For this to happen, what must be true?”, then mark which are facts or assumptions
» Avoid jumping on the first idea — check what problem we think it solves, then ask, “How else could we do this?”
» User and market research is more easily accessible, yet the opinions of senior managers still bias product decisions
» Confidence in an idea only truly comes from gathering evidence
» When strategic frames grow rigid, companies, like nations, tend to keep fighting the last war
» If organisations (incorrectly) view change as gradual they will have resistance to the change
» The innovator’s dilemma: cater to current needs or attempt to anticipate future demands?
» Many common financial tools distort the value, importance, and likelihood of success of investments in innovation
» Match your product’s units to how your customer measures value
» Changing your pricing model regularly needn’t be a bad thing — it just has to be done carefully
» With usage-based pricing, help your customers to anticipate their likely costs
» Care has to be taken to keep dynamic / surge pricing transparent
» Moving to a product-led growth model takes time and will encounter resistance
» A product-led model does not replace the sales-led or marketing-led approach completely
» Growth loops operate on a similar principle to compound interest
» Software companies with a frictionless product approach displace custom-built apps
» Take a systematic approach to evaluating multiple solutions to the same opportunity
» ‘Assumption’ is just another word for ‘things we believe’
» When there are many opportunities in contention, assess whether it’s worth solving the problem
» We tend to come up with solutions before defining the problem they solve
AI is:
» accelerating the design of novel proteins, enabling a new wave of vaccines and drugs
» predicting extreme weather events, helping to protect residents
» listening to the rainforest and sends real-time alerts for chainsaws, trucks, cars and signs of incursion
» monitoring the world’s oceans for illegal fishing activity
» To reduce coordination cost, partition the work by time or space
» Behavioural design considers customers’ levels of mental energy, cognitive biases, and their existing patterns
» Successful organisations reinforce psychological safety in different ways
» Adding more people to a team makes communication a more significant overhead
