Abhinav Negi

When you say your product has Product Market Fit, it means your product has achieved PMF for specific segments of users, not everyone which you consider as your potential user. PMF is always segment specific, it is never generic. So next time you want to grow your product, understand which set of customers loved your product initially and find similar customers who have similar needs.

21

I speak to a lot of product managers, but yesterday was special. I co-hosted classes for product management aspirants at my alma mater SPJIMR SP Jain Institute of Management & Research along with Varun Nagaraj, the Dean of the institute. Varun, in addition to being the Dean, is a well respected product mentor and expert. And he lives up to one of the traits he mentioned about good product managers (which I agree wholeheartedly with) - being likeable. We had a good jugalbandi with me talking about practical aspects, and he adding practical insights + valuable theory. During the session, I spoke about some of my consulting assignments, and also left the aspirants with my set of 10 commandments for product managers starting their careers. P.S. - It's heartening to see that somethings stand the test of time. The institute may have changed a lot with new buildings and better facilities, but a lot of behaviours remain the same. During the period of 2005 to 2007 when I studied there, we showed our approval for good instructors and sessions by vigorously thumping the table. It was good to be at the receiving end this time. #productmanagement #spjimr

125

13 Comments

Product management demands honed skills that are cultivated and refined over time. Many believe they can effortlessly navigate the realm of product management, but there's a chasm between mere participation and achieving tangible outcomes. Here are five pivotal skills for product managers who consistently deliver results: 🚀Insightful Data Interpretation: Transforming qualitative and quantitative data into actionable insights necessitates sharp critical thinking. 🚀Product Intuition: This amalgamates cognitive empathy, creativity, and domain proficiency. While nurturing creativity can pose a challenge, it's entirely attainable. 🚀Compelling Data-Driven Narratives: Mastering the art of persuasive storytelling with data, while ensuring factual accuracy, is a skill that can be developed with practice. 🚀Versatile Communication: The ability to communicate effectively across various mediums is crucial for successful product managers. 🚀Decisive Decision-Making: Product managers are constantly required to make informed decisions swiftly, utilizing available information to prevent team stagnation or inertia. What stands as the foremost growth opportunity in product management within your organization? And what about yours? #productmanagement #coachingproductmanagers #productleadership #producttakes ------ 🌍 Shubham Karnwal 🆘 0-1 Product Managers 🔔 Follow me for more content ♻️ Share is care

3

Few truths on career success as a Product Manager: 1. Your career's growth is a function of impact you create 2. Your impact is a function of your competence  3. Your competence is a function of your knowledge and actions Hence in order to grow PMs need to consistently show high agency, do a lot of hard work and have a consistent learning routine for up-skilling. #productmanagement

13

2 Comments

Many times in my PM career, my teams were executing at full capacity, as per the aligned product startegy and also building backwards from customer needs found during user research convos. But the products failed to deliver the impact in first go and required few iterations to hit expected success metrics. Reflecting back, the success was not denied due to execution, but due to lack of understanding of all parameters which lead to success in any complex initiative. Navigating such complex situations requires understanding the issue and then communicating the same with others in team to create a shared understanding of what's wrong. In such cases Dr. Mary Lippitt's Model helps understand what's really happening in an initiative. The model essentially says, there are 5 inputs to manage any complex change and if any of the 5 inputs is missing the team will struggle. Go through the screenshot to identify individual scenarios and the corresponding team reality. Once you understand the parameter absent in your relevant context, fix it proactively to increase your odds of success. From experience, defining right “ Incentives” for teams with conflicting priorities is the toughest and "Vision" and "Skills" are most difficult to change in short term and hence Product Managers typically tweak the other 3 parameters to achieve success. #productmanagement

21

What makes great products great is balance Balance between depth of features and breadth of features Balance between how often their PMs say yes and say no to stakeholders Balance between speed of increments and quality of increments Balance between number of problems they solve and the importance of problems they solve Balance between business needs and user needs Balance between successful and failed feature launches Balance between agility and stubborness Great products are like those Grand Slam winners in tennis who know how to win games by understanding the conditions and balancing their games according to what is required Their greatness is inherent in their ability to balance! #ProductManagement #Balance #Products

12

Mistakes that I make as a #ProductManagement mentor/ leader Mistake 4: Focussing to mentor only on the hard skills- problem structuring, product discovery and prioritisation. And not mentoring on the soft skills like relationship building, proactive communication and messaging for different stakeholders to build trust and credibility in the system.

42

PMing for a mature product with half a million+ MAU & 200+ enterprise customers, is a lot of responsibility. Any miss can impact the 6 Lakh daily rosters. I need to get it right and there is a very little room for error. Fortunately, MoveInSync enables this by keeping PMs grounded with product support while also ensuring PMs drive product adoption & innovation together with customers. This "back to basics" approach ensures only the right problems get solved. Akash Maheshwari Nitin Awasthi #B2BProductManagement #SaaS

56

#ProductMusings - 🔧 Balancing Vision and Technical Feasibility in Product Management As product managers, we spend a considerable amount of time defining our 'Why' and 'What' while fleshing out our product vision, but we often forget about the 'How,' which involves the technical feasibility of building the product feature. How do we prioritize effectively amid such complexity? Sharing my thoughts on this: 🧩 Assess Complexity: Understand the technical effort for each feature. Example: Implementing AI-driven analytics is valuable but may require significant infrastructure. 🤝 Conduct Grooming Sessions: While fleshing out the product vision, conduct PRD grooming sessions to gather feedback from technical teams early in the process. ⚡ Prioritize Quick Wins: Maximize impact with minimal development time. Example: Enhancing UI can quickly boost user satisfaction. 🔄 Align Stakeholders: Clearly communicate technical constraints to manage expectations. Example: Regularly update stakeholders on tech limitations. In the world of software development, nothing is impossible, but balancing product vision with technical constraints or complexities is one of the key roles a Product Manager must solve. ❓ Your Thoughts? Share your insights below! #ProductManagement #TechnicalFeasibility #RoadmapStrategy #Leadership Image credit for laughs: Dilbert

2

6 Comments

Handling uncertainty… one of the key aspects of being a successful Product Manager. As PMs, how we tackle the unexpected defines us: 1. Embrace Uncertainty: Stay calm but take fast decisions! Trust yourself and focus on the basics—while checking data is important, sometimes you won’t have time for it. Act swiftly, communicate clearly, and focus on resolving issues. 2. Think Proactively: Anticipate challenges and have plans in place to mitigate risks. A backup for the backup is sometimes needed. Most importantly, take ownership and shield 🛡 the team so that team can focus on corrective actions uninterruptedly.... These moments shape our success as Product Managers. #ProductManagement #ProactiveThinking #Adaptability #Leadership

10

#ProductMusings - Embracing Innovation with Agility as a Product Leader 🚀 In an era where market dynamics shift rapidly, the ability to innovate and adapt has never been more crucial. Product leaders must focus on staying ahead of trends and continuously evolving to meet new challenges. Here are a few key strategies that have driven success for some of the top companies in the world: 🌟 Stay Agile 🏃‍♂️: Avoid rigid roadmaps and be ready to pivot. 📈 Example: When Netflix transitioned from DVD rentals to streaming, they revolutionized home entertainment and captured new markets by responding swiftly to changing consumer behaviors. 🌟 Customer-Centricity 👂: Prioritize listening to your users and implement feedback loops. 🔄 Example: Slack's leadership continually engages with users to refine features, improving team collaboration based on real-world feedback. 🌟 Data-Driven Decisions 📊: Use analytics to anticipate trends. 🔮 Example: Amazon uses predictive analytics to manage inventory and personalize recommendations, leading to enhanced customer experiences and operational efficiency. 🌟 Collaborative Mindset 🤝: Encourage cross-functional teamwork. 💡Example: Tesla's collaboration between engineering, design, and software teams ensures a seamless integration of cutting-edge technology in their electric vehicles, maintaining their market leadership. What strategies have you employed to stay innovative? Share your thoughts and experiences below! 👇 #ProductLeadership #Innovation #Agile #CustomerFocus

8

2 Comments

As a product manager, pinpointing the right problem or opportunity is essential for creating impact, a task that becomes particularly challenging in ambiguous, niche, and evolving technological areas lacking precedents or benchmarks. In this blog, I share insights from my past year working on conversational products using LLMs, focusing on our framework for selecting the most impactful idea. A Quick Summary: We began by analyzing major technological shifts driven by GenAI, identifying improvements in multimodal translations and natural language processing as two significant advancements. To refine our ideas, we considered several factors: (1) Faster go-to-market to enable rapid experimentation, (2) Cost-benefit analysis to prioritize ideas that would generate disproportionate savings or were highly monetizable, (3) Feasibility of these ideas given the current technological landscape. Many ideas met all the above criteria, but we chose to develop a conversational product for the support use case. This decision might seems obvious at first, but, with the benefit of hindsight, we identified several compelling reasons for its success. Brief reasons are as follows: (1) Tolerance to unreliability, mirroring the imperfect reliability of human support agents. (2) The existence of an evaluation pipeline, as support roles require constant manual evaluation. (3) Low adoption risks, with users already accustomed to chat-based query resolution. (4) The ease of keeping humans in the loop as fallbacks, given the pre-existing trained workforce. (5) Pre-existing customer feedback mechanism through CSAT scores, providing directional insights for strategy adjustment. (6) A historical understanding of user intents to guide LLMs accurately to control hallucination. (7) Favorable unit economics, as specific use cases keep chat lengths manageable. Choosing the support use case was key to our ability to build, iterate, scale up, and make an impact quickly. This decision ensured that we focused on solving the right technical problems, which are likely common across other conversational product use cases we plan to address in the future. Read the blog for more: https://shorturl.at/aftCI #ConversationalAI #ProductManagement #AI #CustomerExperience #DigitalTransformation #ArtificialIntelligence

31

3 Comments

Writing PRD's is an art. Read this awesome article from Planio on writing lean product requirement document for #productmanagement and #software professionals. Follow ProductHood School and Lokesh Gupta for more such resources.

46

5 Comments

For a lot of product work, good Product Strategies withstand test of time and remain valid for atleast 18-24 months. Good Product Managers are able to simulate various future scenarios well in advance to decent degree of confidence for future proofing the work. If you have to change your direction, redoing your strategy every 6-12 months as a team then perhaps your didn't put enough rigorous thinking to it in the first place. Am not saying we don't update our strategy baking in the latest tech/competition/user insights in that 18-24 months, but the changes should be less the 20-30% to the overall plan. #productmanagement #productstrategy

5

Nimisha Sharath Sharma and I have started a Product Management podcast called 𝗟𝗲𝘁𝘀 𝘁𝗮𝗸𝗲 𝘁𝗵𝗶𝘀 𝗼𝗳𝗳𝗹𝗶𝗻𝗲. The premise here is to share our unfiltered thoughts about tech, products and everyday PM life. First episode coming out tomorrow. Stay tuned! Also checkout my weekly newsletter where I share my thoughts on Product Design, Product Thinking and other things I am curious about - https://lnkd.in/dVpxSwTg #ProductManagement #ProductThinking

195

16 Comments

Navi UPI has risen to claim the 5th spot in the UPI ecosystem, surpassing Amazon, marking a significant achievement! 🚀 Are you a fintech advertiser looking for the best ROI? We're building the Navi Ad platform tailored to meet your needs. If you specialize in co-branded credit cards, secured/unsecured lending, or other fintech solutions geared towards revenue growth, let's connect! Interested in accelerating your business growth? Feel free to reach out via DM or comments. Let's collaborate and drive your business to new heights together. 📈 #Advertising #Marketing #Collaboration #Traffic #MarketingOpportunities #Collaboration #AdTech #IndianFintech #AffiliateMarketing #DigitalMarketing #BusinessGrowth #PerformanceMarketing #AffiliateNetwork #MediaBuying #India

174

7 Comments