Productboard’s Post

Day 36 #100daysofPMchallenge Today's post is a question for experienced product managers. How do you measure success as a product manager? What does success in #productmanagement really look like? 🤔 Are we just faking it till we make it?🙈😪 I mean we all know that the role of a product manager can be like wearing multiple hats. But when you're wearing all those hats, how do you know if you're doing it right? How do you measure your success? Is it the number of successful product launches? The growth of your customer base? The positive impact on your company's bottom line? Or is it the satisfaction of your team and customers? Please and please share your experiences and insights in the comments

How do Product managers measure success? 🤔   Sometime last week, Khalidat Ola-Dauda asked two important questions which got no response, so I've decided to share my perspective and seek the perspective of other PMs too.   ❗ She asked, "how do Product managers measure success?" and "how do you know if you're doing it right?" You can check her post below.   MY RESPONSE This is where goal-setting comes in, to be precise, I mean objectives and key results framework (and initiatives). OKRs provide a structured pathway to align strategy with execution.   Objectives typically outline the WHAT – what we aim to achieve. Key Results, on the other hand, spell out the HOW – how we determine if we've met our objectives, with a strong emphasis on measurability i.e. key results are measurable. Key results are more or less desired outcomes we hope to achieve to meet our objectives. 🔥 I made a post on how to become more outcome-driven with practical steps here:  https://rb.gy/rx0e3   1️⃣ How do you know if you're doing it right? Ans: Look at your objectives, did you meet your objectives?   2️⃣ How do you measure your success? Ans: First, look at your product metrics. The product metrics you track should align with the desired key result/outcome you’re looking for.   Next, look at your key results; when you measured them, did you deliver? Did the outcomes have the desired effect on the customers and the business?  Also, look at your objectives so far, how many have you met?   Measuring success is an important part of product management. By tracking the right metrics, product managers can ensure that their products are meeting the needs of their users and the goals of the business.   ⁉ How do you, as a product manager, measure the success of your product?   Let us know in the comment section! I hope you all had a fantastic weekend 🙂   #productmanagement #30dayPMwritingchallenge #productsuccess

🎥 What does a Product Manager do? In my latest video titled "What Do I Do as a Product Manager?" 📹, I dive into the details. I not only share what my role entails I also explain what it takes to be a great Product Manager. Being a great Product Manager requires a unique skill set, and I'm excited to discuss the qualities that set top performers apart.💪📊 So, if you are curious about the role of a Product Manager or aspiring to become one yourself, this video is for you. Click the link below to watch "What Do I Do as a Product Manager?" https://lnkd.in/e9ny5qEH #productmanager #productmanagement #careerjourney #insights Salesforce #successfultips #qualitiesofaleader #Salesforce

Hi Khalidat, I won’t say I am ‘experienced experienced’ but I can speak to how I measure my growth as a product manager. 📌 Define your goals: Like we have OKRs and metrics for our business and product goals, we should also have one for ourselves. For me, that’s seeing my contributions in real time and how it impacts both business and user goals. This also includes upskilling and becoming a better person and product manager. 📌 Have a journal where you put down your contributions and its impact. This is formed from the different things I have done and what tops it for me is seeing my product serve user needs which in turn drive business goals. 📌 Internally, review and checkin sessions with line managers also helps to identify how one is doing. 📌The little compliments from colleagues also doesn’t go unnoticed and being recognized for doing great work. All these come from having your own personal/professional goals and growth strategy you can use to measure how you’re doing. What’s however important is if you’re growing in your role that is moving up the ladder. Ps: I’d like to hear from my other leads by the way. 🙏🏾

The most inspiring quote for Product Managers that I've heard this week is from the movie Fantastic Beasts Dumbledore's Secrets. As product people, we may find it easy to • run a workshop on customer needs and goals with internal stakeholders • create concepts based assumptions • think of solutions that might be interesting for our customers based on what we believe to know about them. But is this our job? No. Our job is to bring in REAL customer voice into our decision-making mechanisms and conceptual activities. To then create products that meet the customer's needs in a way that they fuel the business. This requires us to have a deep understanding of our customers. And this is difficult. This requires effort. In some companies more than in others. But this is what is right. So, listen to Dumbledore when he says: "𝗗𝗼 𝘄𝗵𝗮𝘁 𝗶𝘀 𝗿𝗶𝗴𝗵𝘁, 𝗻𝗼𝘁 𝘄𝗵𝗮𝘁 𝗶𝘀 𝗲𝗮𝘀𝘆." What is one thing that you can do next week to include the customer's perspective better into what you do and orchestrate? I'll give you energizing high fives for doing that one thing ✋

Focus is knowing what to avoid! As product managers, focus is key. But it's not just about what we choose to do; it's also about what we decide to skip. In our job, our attention is constantly pulled in different directions - from feature requests, to market trends to user feedback et al. But if we want to succeed, we need to stick to what’s important at that particular point in time. That means saying no to distractions and things that aren't part of our main goals. When we focus, we can use our time and energy on the things that really matter. And by saying no to the things that don't fit, we can make sure we're moving in the right direction. So remember: focus isn't just about doing more; it's about doing the right things. Let's keep it simple and stay on track this week! #ProductManagement

Ever wondered what a Group Product Manager (GPM) does and what key responsibilities come with the role? I've been getting this question a lot lately, so I decided to share some insights! Stay tuned for a series of articles where I'll break down the essence of being a Group Product Manager, unraveling the crucial responsibilities that define this dynamic role. Let's shine a spotlight on what it truly means to lead and innovate in the world of product management! #GroupProductManager #ProductManagement #TechnologyLeadership #CareerPath #Innovation https://lnkd.in/gwgBaQmK

The Influential Product Manager exposes product managers to some ideas on how to behave at each stage of the product life cycle to achieve the best outcome for the customer. With product managers under pressure to drive spectacular results, often without wielding much direct power or authority; if you don't know how to influence people at all levels of the organization, how will you create the best possible product? Ken Sandy https://buff.ly/4bc6zHa

Dear Product Managers, Considering yourself as the “CEO of the Product” is good. What is better is identifying the “CEO” tag with responsibility rather than authority. Your job is to facilitiate decisions by giving context. Do this well and see things move 10x better. #productmanagement #ceo

8 Key Players in Product Management Aspiring Product Managers Must Know ~ These players work together: ➲ Create ➲ Improve ➲ Sell products That people love to use!   Check out carousel for each player roles -> —----- ♻️ REPOST to help your network 🔔 Follow me (Sachin Sharma) for more