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Showing all posts tagged "Communication" ...

How to Use Repetition to Flatten the Forgetting Curve

The first and paramount responsibility of a product manager is the difficult task of building a shared understanding of the product strategy through listening, influencing, and repeating. While half of your time should be spent on the creation and management of the product strategy, another portion must be devoted to repeating it. State it to team members, and say it again to the CEO. This is how the product will benefit the organization. But what happens when you stop repeating and communicating the product vision and strategy? This is where the forgetting curve can set in. The Forgetting ...

Why the Product Manager Should Also Play Dumb

According to Alpha’s 2020 Product Management Insights Report, product management has entered the c-suite. As product management influences more high-level decisions and business strategies, partner alignment/collaboration becomes key. Yet the time and rigor required to gather/validate consumer insights are often at odds with the agility required to maneuver internal politics, leaving a huge window of opportunity for improved collaboration between c-suite executives and product teams. Beneath all the activities that lead to a product roadmap, OKRs being met, and the cultural alignment eleme...

Product Management: Saying No Without Shutting Them Down

As a product manager, one of the hardest things you have to do is say ‘no’ to ideas, suggestions, requests and urgent demands from customers and internal stakeholders. However, adding the word ‘no’ to your management vocabulary is essential in order to make those difficult product decisions. You can’t be afraid to use it or else you end up with half-baked projects with an archive of features and no finished product. Making these decisions aren’t meant to be easy, but it is necessary. Saying ‘no’ to requests helps provide a focus around what is most important. Remember: you can’t do it all. ...

A Day in the Life of a Product Management Consultant

Is something broken in your team’s product management? If the answer is yes, you’re in the right place. At Bain Public, we help build roadmaps and innovative products for early-stage companies. How, you ask? Meet George Korkejian, he joined our team last summer and dedicated himself to supporting entrepreneurs through Bain Public. As a product management consultant, he acts as a coach and a mentor to his clients, providing them with frameworks that guide them toward making the best product decisions. It’s not about gut feeling: George presents his clients with the best ways to gather inpu...

Why Empathy Is the Key to Success for Your Next Product Objective

The secret to success in software development is an elusive concept. Some companies spend years chasing it down.But the secret to success isn’t something you can put a price tag on, stack on features, or advertise in a marketing campaign. The best asset for a product manager, and the number one determining factor in the success of a strategy, is the people behind the product. You hear it often: human capital is a company’s best asset. It’s true⁠ — software development is mostly about cultivating personal relationships. But there’s more to it than simply "hiring good people." It’s more like:...

To manage a Product Roadmap, you must be a Diplomat, Strategist and Defender

It takes commitment to maintain the high level of trust required for company wide buy-in and follow-through. Here are the 3 roles Product Managers must perform to achieve roadmap leadership: The DiplomatIt’s not our role to dictate through authority where the product should go. Instead, we need to listen to all voices pulling in various directions, then negotiate priorities with clarity and transparency. First, we must lead with our ears and not with our mouth. By leaning on empathy, we can build an open-minded work culture that encourages collaboration, opinions, and feedback, allowing us ...

When Executives Tell You What to Build, They Approve the Development of Unnecessary Features

When building a product strategy, it can get tricky to predict and prevent which features will be of use and which ones will be unnecessary. At Bain Public, we’ve discovered the main issue with building the wrong features, is that they will incur a huge opportunity cost for a business. Therefore, the role of roadmapping as a whole, as well as the development of the prioritization process itself and all the key steps and conversations in between, are crucial to the learning process. The following article shows a break-down explaining this process and how product managers can strategically t...