Thanks everyone for the great conversation in the most recent #prodmgmttalk chat session! Â This week, Roger Cauvin inspired us to think about product managers as innovators – or enablers of innovation. Â Each week, I find myself thinking about at least one of the #prodmgmttalk questions long after the hour is over. Â This week’s thought – organizations prevent product managers from innovating.
Nokia’s Smartphone Strategy – Maximin
Nokia, the Finnish mobile phone manufacturer, is getting clobbered as their market rapidly moves away from them. Â Recent analyst reports show that Android and iOS (Apple’s platform) based phones are rapidly gaining market share. Â Nokia sells neither. Â Nokia has a major press event in a few hours, where they will announce their smartphone strategy. Â I think a maximin strategy is both likely and correct.
Posted in Business Analysis, Product Management, Product Strategy
Tagged android, elop, game theory, maximin, minimax, nokia, symbian, windows phone 7
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Market Insights and Collaboration
In this week’s #ProdMgmtTalk, one of the livelier discussion topics was around gaining insights into your market – and what does that mean (to you)? Steven Haines was the speaker for this session who prompted us to think, and pushed us to rethink our views on market insights. Â What a great example of collaboration among product managers!
Posted in ProdMgmtTalk, Product Management
Tagged collaboration, market insights, prodmgmttalk
19 Comments
Everything Old is New Again
A lot of teams that I’ve worked on and with get hung up when thinking about defining requirements for “migration projects” and “system upgrades.” Â There’s some intangible barrier to being market focused when it comes to improving existing internal systems. Â Every new product represents a solution to an existing problem. Â Why do so many projects move forward with teams that are blind to the actual requirements?
Don’t Prioritize Features!
Estimating the “value” of features is a waste of time. Â I was in a JAD session once where people argued about if the annoying beeping (audible on the conference line) was a smoke alarm or a fire alarm. Â Yes, you can get to an answer, but so what?! The important thing is to solve the problem.
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