Judy Wong’s Post

Product managers stay on top of business and consumer trends and behaviours that directly or indirectly affect the product or company. In this role, your tasks and responsibilities focus on the success of a product, service, or product line, which contributes to a company or brand's overall success. Your day to day may include the following responsibilities and tasks: Analysing customer requirements Conducting research on a product, service, competitor, or market Strategising a plan for a product or service (development, packaging, launching, expanding) Coordinating and communicating about a product or service with management, teams, and stakeholders Gathering and analysing feedback about a product or service Developing multi-year roadmaps for products and services

Outcome versus output as a product manager Well-known Harvard Business Review blogger Deb Mills-Scofield gives a great example distinguishing what you’re delivering (output) from the reasons why (outcome): “Let’s define outputs as the stuff we produce, be it physical or virtual, for a specific type of customer—say, car seats for babies. And let’s define outcomes as the difference our stuff makes—keeping your child safe in the car.” This summary is the best way to keep these terms straight: “Outcomes are the difference made by the outputs.” 

Being a product manager is hard. You're responsible for a product’s success or failure. You need to be able to: - Communicate across departments - Keep everyone aligned - Keep up with the market - Understand the customers - Ensure the product is built on time and within budget It's exhausting. So, how do you cope? My #1 tip: Focus on the customer. Understand their needs, pain points, and what they value most. Then, design a solution that meets those needs. If you can do that, everything else falls into place. Don't get bogged down in the details. ↳ Keep your focus where it really matters.

Mistakes Product Managers Make (#MPMM) Ep3: 𝐕𝐢𝐬𝐢𝐨𝐧 𝐓𝐡𝐚𝐭 𝐅𝐚𝐢𝐥𝐬 𝐓𝐨 𝐈𝐧𝐬𝐩𝐢𝐫𝐞 𝐀𝐜𝐭𝐢𝐨𝐧 Follow for #techhumor + #productmanagement According to Habakkuk 2, a compelling vision has these characteristics: 1. 𝐕𝐢𝐬𝐢𝐛𝐢𝐥𝐢𝐭𝐲: It must be written clearly for everyone to see. 2. 𝐒𝐢𝐦𝐩𝐥𝐢𝐜𝐢𝐭𝐲: It should be easy to understand. 3. 𝐅𝐮𝐭𝐮𝐫𝐢𝐬𝐭𝐢𝐜: It should focus on future goals. 4. 𝐀𝐜𝐭𝐢𝐨𝐧-𝐝𝐫𝐢𝐯𝐞𝐧: It should inspire those who read it to take action. 5. 𝐏𝐚𝐭𝐢𝐞𝐧𝐜𝐞: It requires time and patience to achieve. As a #productmanager, it is essential to continuously evaluate and refine your vision. Ensure it is clear, simple, and aligned with the company’s broader goals. Ask yourself: ✴️ Is my vision written and visible to all team members? ✴️ Is it easy to understand and communicate? ✴️ Does it focus on future objectives and inspire innovation? ✴️ Does it motivate my team to take action? ✴️ Am I fostering patience and resilience within my team to achieve long-term goals? By addressing these questions, you can cultivate a vision that not only guides your team but also inspires them to achieve outstanding results. Please repost for more reach 💣

As a product manager, your job requires you to become a practitioner of deep thinking, you need to analyze all the scenarios, hidden problems, potential risks and how you can prioritize or mitigate them. The problem comes when you have to convince others and get their buy-in, most of the time things that matter to you the most are the ones you have spent most time thinking. But essentially that never is the case with the other person, they have their own thoughts and their priorities. In such a scenario it becomes crucial to know what to communicate, what things matter to others & how much, and make sure that there is as little noise as possible so that the highlights don't get missed out in details. "Think in paras, communicate in Bullets"

Ever wondered what it takes to manage a product for over 8 years? 🤔 If you had the opportunity to sit with such a seasoned Product Manager who has navigated the ups and downs of becoming a product manager at a MAANG company, What questions would you ask? 💬 Let's discuss in the comments #productmanagementlearning #productmanagers #productlearning #productmanagementjobs

Conducting a Feasibility Study: A Critical Step for Product Managers Introduction: As a product manager, evaluating potential opportunities is crucial before investing resources. A feasibility study helps determine whether a product idea or opportunity is viable, feasible, and profitable. Let’s dive into the key aspects of conducting a feasibility study. What is a Feasibility Study? A feasibility study is a systematic analysis and evaluation of a product opportunity’s potential to succeed. It aims to answer critical questions: Is the opportunity financially and technically viable? Can it be developed with available resources? Is it operationally feasible? Will it be commercially profitable? Key Components of a Feasibility Study: Technical Feasibility:Evaluate whether the proposed product idea can be developed using existing technology, tools, and expertise. Consider technical requirements and limitations. Financial Viability:Analyze development, manufacturing, and distribution costs. Assess whether the product can generate a positive return on investment (ROI). Market Demand and Competitive Landscape:Understand the potential market size, target audience, and competitive environment. Inform decisions on product positioning, marketing strategies, and pricing. Risk Assessment: Identify potential obstacles (regulatory, legal, operational) that could impact success. Why Conduct a Feasibility Study? Resource Allocation: Ensure resources are invested in high-potential opportunities. Alignment with Strategy: Align with overall product objectives and goals. Risk Mitigation: Anticipate challenges and plan accordingly. Hashtags: #ProductManagement #FeasibilityStudy #BusinessStrategy #ProductDevelopment Feel free to customize this article to your liking and share it with your LinkedIn network! 😊

Diving Deeper into Product Management 🌟 As I delve further into the realm of product management, I've been struck by the intriguing parallels it shares with my background in food science and product development. Both fields require a deep understanding of customer needs, a focus on innovation, and the ability to bring concepts to life. In food science, I worked on developing new products, ensuring they met quality standards and delighted consumers. Similarly, in product management, I focus on identifying market needs, designing solutions, and driving them from concept to launch. Whether it’s crafting the perfect recipe or developing a groundbreaking product, the core principles remain the same: understanding the end user, iterating on feedback, and striving for excellence. Excited to bring these insights to my journey in product management! #ProductManagement #FoodScience #Innovation #ProductDevelopment #CustomerFocus #CareerJourney

A day in the life of a Product Manager is a blend of strategic thinking and practical execution. The morning often starts with a review of emails and messages to catch up on any overnight developments. This is followed by a team stand-up meeting where progress on current projects is discussed, and any roadblocks are identified. Throughout the day, a Product Manager engages in various meetings, ranging from strategic discussions with senior management to detailed sessions with the development team. These meetings focus on aligning the product vision with business goals and ensuring the development is on track. Time is also dedicated to market research and competitor analysis, which helps in refining product features and identifying new opportunities. Feedback from customers and sales teams is invaluable, providing insights into user needs and experiences. In the afternoon, the focus shifts to documentation and planning. This involves updating product roadmaps, writing detailed product specifications, and preparing presentations for stakeholders. A Product Manager also collaborates closely with marketing teams to plan product launches and promotional strategies. As the day winds down, there is a review of the day's achievements and a plan for tomorrow’s priorities. Continuous learning and adapting to new challenges are integral parts of the role, ensuring that the product not only meets but exceeds customer expectations.

I have learned that bringing a product from an idea to the market and ensuring its success as a product manager involves three key phases: Discovery, Delivery, and Distribution. Discovery: This phase is about identifying the right product to build. Through thorough research, it involves understanding user needs, market gaps, and opportunities. Delivery: This is the process of building the product and turning ideas into something tangible. It involves design, development, and quality assurance to ensure the product is built correctly. Distribution: This phase focuses on delivering the product to the market and ensuring it reaches the right users. It involves go-to-market strategies, marketing, and customer acquisition efforts. These three phases work together to achieve the following objectives: ✍ Building the right product that solves real problems and meets user needs. ✍ Building the product right by ensuring high quality and functionality. ✍ Ensuring the product reaches the right users through effective distribution. Discovery plays the most critical role, as it lays a solid foundation for product success. Research is at the heart of Discovery, making it safe to say that a product manager must excel as a researcher. #productmanagement #discovery #delivery #distribution #productmanager #PMactivities #PMengagements