Akshey Walia’s Post

View profile for Akshey Walia

Group Product Mgr - InMobi 🔹 ISB MBA & 1st "Flagbearer" Awardee 🔹 Product Management 🔹 Design Thinking 🔹 Growth Mindset 🔹

#ProductMusings: Facing Failure: A Product Manager's Challenge 🚀🤔 In product development, not every experiment goes as planned. Failed or inconclusive experiments can be discouraging, but they are crucial for growth. The key is understanding why an experiment didn't succeed—whether due to hypothesis errors, technical glitches, or market misalignment. 🤔 Here’s how to turn setbacks into opportunities: 🔹 Explore with Curiosity: When outcomes are unclear, dive into user feedback to uncover missed insights. For instance, after an A/B test doesn't provide clear results, teams might find value in identifying overlooked user pain points through feedback analysis. 🔹 Refine and Simplify: Use what you learn to tweak and improve the product. Some teams have discovered that simplifying features based on feedback can better meet user needs. 🔹 Transparent Communication: Share learnings openly to align the team and build trust. Regularly updating teams on experimental outcomes encourages a culture where failure is seen as a stepping stone to innovation. 🔹 Learning from Others: Study how other teams resolve setbacks. For example, after launching a new feature and receiving poor feedback, some teams have transformed critiques into enhancements, demonstrating effective iteration. 🔹 Record and Reflect: Keep track of what went wrong and what was learned to prevent future mistakes. This practice ensures valuable lessons aren't lost and guides future projects. Each failure is a chance to innovate! What lessons have you learned from a failed experiment? Share your thoughts👇💬 #ProductManagement #LearningFromFailure #Innovation #GrowthMindset

To view or add a comment, sign in

Explore topics