Product-Management-Intelligence

  🎉 What's your New Year Resolution as a Product Manager ✍ It's always a good idea to set goals for yourself as a product manager, and the start of a new year is a great time to reflect on your past performance and identify areas for improvement. Here are a few potential new year's resolutions you might consider: ✅ Improve your product roadmap: Set aside time to review and refine your product roadmap to ensure it's aligned with your company's goals and prioritized effectively. ✅ Increase customer satisfaction: Identify ways to improve the customer experience and make sure you're gathering regular feedback to inform your product decisions. ✅ Enhance your team's skills: Invest in your team's development by encouraging them to learn new skills or by organizing training sessions or workshops. ✅ Communicate more effectively: Make an effort to improve your communication with stakeholders, including your team, customers, and upper management. ✅ Stay up-to-dat...

✍ How do you measure success for your product? ✍ There are many ways to measure the success of a product, and the specific metrics that are most important will depend on the goals and objectives of the product and the business. Some common metrics that may be used to measure the success of a product include: ✔ Revenue: The amount of money generated from the sale of the product. ✔ Profitability: The amount of profit made from the sale of the product, after taking into account the cost of production and other expenses. ✔ User adoption: The number of people who are using the product, or the percentage of the target market that is using the product. ✔ Customer satisfaction: The level of satisfaction that customers have with the product, as measured through surveys or other feedback mechanisms. ✔ Retention: The percentage of customers who continue to use the product over time. ✔ Market share: The percentage of the total market that is using the product, compared to competing products. ✔ Us...

  📑 Why AI must be important for product management? ✍ Artificial intelligence (AI) has the potential to revolutionize many industries and change the way we work and live. As a product manager, you may be interested in using AI to improve your products or to create new products that utilize AI technology. 👉 Here are a few reasons why AI may be important for product management: ✅ Improved efficiency: AI can analyze large amounts of data quickly and accurately, which can help product managers make data-driven decisions more efficiently. ✅ Personalization: AI can be used to personalize products and services for individual customers, which can improve the user experience and increase customer satisfaction. ✅ Automation: AI can be used to automate certain tasks, which can free up product managers to focus on more important tasks and allow them to be more productive. ✅ Innovation: AI can be used to create new products and services that were previously unimaginable, which can help produ...

  📝 Product management is a skill you learn and improve through practice. ➡️ Be aware. This applies to everything: the product, your team, yourself. It's easy to get caught up with the details of a project and miss the big picture. ➡️ It's also easy to get caught up in the routine you've established for you and your team and not realizing it's not working. Take a step back and observe your assumptions, your existing practices, and your performance; you'll be surprised what you'll realize. Some questions to ask: ✅ Is the product we're building solving the correct problem? Is it solving the problem correctly? ✅ How does this decision play out in the long term? ✅ What are the unintended consequences? ✅ How is the team doing? Are you optimizing too much for progress vs. team well-being? ✅ What areas do you need to develop to be a better leader?

✍ Steps to Improve your Product Sense? 👉 The first step to improving one's product sense is understanding what it really is. I define it as the ability to make correct decisions even when faced with considerable ambiguity. 👉 Empathy: This is the ability to simulate the mental processes of multiple different types of personas that are nothing like you. To be able to say well, in this situation, this type of user is going to react in this manner. Or to say our partners/competitors are going to react in that manner. To be able to really do that well is one key element of product sense. 👉 Domain knowledge: If you understand the domain you're operating in extremely well, it will just naturally lead to better and more correct ideas about what product to build and how to build it. To be specific, I would say to focus on knowledge about your customers and your users, the competition and what they are doing, and technology limitations or opportunities. 👉 Creativity: This is the most...

  ✨ How to Improve - The First-Time User Experience 1. The first-time user experience is your first chance to assure new customers that they will love your product, and an excellent experience can lead to increased user retention. 2. Designing an effective FTUE (First-time user experience) starts with connecting "what your users are trying to accomplish to how your software will help with that job-to-be-done". ✨ Let's assume it as a line or a path that connects the user’s need with your product’s “a-ha!” moment. Now you can begin to design an experience that leads quickly by removing as much friction as possible. Sign up forms, unnecessary tutorials, too much information to the user before they’ve discovered why they should continue to use your app will only increase the chance that they will churn. 3. There are many examples of apps that successfully let users experience their product with very little effort on behalf of the user. ✨ When a user first visits YouTube,...

Top 3 Rules helps Product Manager to perform their duties more effectively ✔ Better Thought Clarification & Critical analysis:- The Developing structures within creative writing helped me to clarify my thoughts into a writing process. Able to look at situations in the workplace with clarity, being able to define clear pathways in order to overcome problems in the future. ✔ Un-covered my Self:- A writing challenge enabled the opportunity to find out more about me. This is the time to discover how well I can put up with challenges and push my limits. I observed strengths and weaknesses in writing and prepare a strategy for improvement. ✔ Become More Knowledgeable:- Writing involves cultivating ideas. If you articulate your thoughts more, the more knowledgeable you become; 10 days is enough time to improve your level of proficiency with consistency. Personally it helped me to address new and pre-existing ideas, and improved my writing skills and thought process.