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Hey PM, can we build this feature urgently for a huge Customer?? - every SaaS/B2B Sales team 🚀 5 Ways a Product Manager Can Balance Product Roadmap and Sales Team demands 🚀 1️⃣ Prioritise Impact over Urgency 📊 Not all feature requests are equal. Evaluate each request based on its potential impact on revenue, customer satisfaction, and long-term product vision. Urgency is important, but it shouldn't outweigh the strategic value. 2️⃣ Establish a Clear Communication Channel 📞 Keep the lines of communication open with your sales team. Regularly update them on the product roadmap and the rationale behind prioritization decisions. Transparency builds trust and helps manage expectations. 3️⃣ Create a Scoring System 🎯 Develop a scoring system to assess feature requests. Include factors like customer demand, strategic alignment, and technical feasibility. This objective approach helps in making data-driven decisions that everyone can understand. 4️⃣ Involve Sales in Roadmap Planning 🤝 Bring the sales team into the planning process. Their insights on customer needs can be invaluable. By involving them early, you can align on priorities and mitigate last-minute pressure to add new features. 5️⃣ Regularly Review and Adjust 🔄 The market evolves, and so should your roadmap. Regularly review feature requests and adjust the roadmap as necessary. This iterative approach ensures that you're responsive to changing market conditions and customer needs. Anything else you want to add? Thoughts? 🤔 ************** Follow Vivek Shivaswamy #ProductManagement #SalesAlignment #ProductStrategy #RoadmapPlanning

45% of our followers have title as below: 1. CXO 2. VP 3. Director 4. Senior We don't believe this. Hence a quick survey to test our hypothesis. Please vote. Abhilash N L Vivek Shivaswamy Prateek Gauba Nitish Kumar #product #PM #product

Product Managers and their meetings with cross-functional stakeholders be like….. 😅 Few reasons why cross-functional stakeholder management is crucial for Product Managers 🚀 1️⃣ Diverse Perspectives: Different teams bring unique insights. This diversity helps in identifying potential pitfalls early and crafting well-rounded solutions. 2️⃣ Alignment: Regular communication ensures everyone is on the same page, reducing misunderstandings and aligning goals across the board. 3️⃣ Faster Execution: When everyone knows their role and how it fits into the bigger picture, we can move faster and more efficiently. 4️⃣ Increased Buy-In: Stakeholders who feel heard and involved are more likely to support the product vision enthusiastically. 5️⃣ Better Products: Ultimately, a well-coordinated team delivers products that truly meet customer needs and drive business success. P.S: When PMs work closely with engineering, design, marketing, sales, and support teams, we create a cohesive and aligned vision. Thoughts?? ************** Follow Vivek Shivaswamy #productmanagement

It’s hard….It’s pretty damn hard!!! 😅 This small part is harder than actually working as a product manager. Product Managers - What do you think? ************* Follow Vivek Shivaswamy #productmanagement #humor

Perfect description of a Product Manager!! 😅 What do you think?? Happy Friday 👋 ***************** Follow Vivek Shivaswamy #productmanagement #humour

AI is here and gonna stay but should you force fit AI into your products?? 🤷♂️ 🚀 Here are 5 key points every Product Manager should know about AI —> 1️⃣ Understanding the Basics: AI isn't just a buzzword; it's a transformative technology. PMs need to grasp the fundamentals: machine learning, neural networks, and natural language processing. This knowledge lays the groundwork for leveraging AI effectively in product development. 2️⃣ Data Quality is Paramount: AI algorithms thrive on data. As PMs, we must ensure the quality, relevance, and diversity of data used for training models. Understanding data biases and implementing strategies to mitigate them is crucial for building ethical and unbiased AI-powered products. 3️⃣ User-Centric Approach: AI should enhance the user experience, not complicate it. Product Managers must prioritize user needs and preferences when integrating AI features by conducting user research, gathering feedback, and iterating based on insights. 4️⃣ Transparency and Trust: AI decisions can seem like a black box to users. PMs need to prioritize transparency, explaining how AI algorithms work and why certain recommendations are made. Building trust through transparency fosters user confidence and acceptance of AI-powered features. 5️⃣ Ethical Considerations: PMs must navigate ethical dilemmas surrounding AI, such as privacy concerns, algorithmic biases, and potential job displacement. By proactively addressing these issues and adhering to ethical guidelines, PMs can ensure that AI benefits product as a whole. What do you think? 🤔 ***************** Follow Vivek Shivaswamy #ProductManagement #AI #TechTrends #EthicalAI 🤖💡

A Product Manager's Guide to Turning Bugs 🐞 into Features 🚀 As Product Managers, we often cringe at the sight of bugs popping up in our products. But what if these bugs can actually be a blessing in disguise? Here are 5 reasons why bugs are important and how we can leverage them 🎯 1️⃣ Early Detection of User Pain Points: Bugs serve as early warning signs, highlighting areas where users are experiencing friction or dissatisfaction. By actively monitoring and addressing these bugs, we gain valuable insights into our users' pain points, allowing us to prioritize improvements that enhance the overall user experience. 2️⃣ Opportunities for Innovation: Every bug presents an opportunity for innovation. Instead of merely patching up the issue, consider how you can transform it into a new feature or enhancement. For example, a bug causing data duplication could inspire the development of a more robust data deduplication algorithm, ultimately improving data integrity for all users. 3️⃣ Building Trust and Credibility: How we handle bugs speaks volumes about our commitment to quality and customer satisfaction. By proactively addressing bugs and transparently communicating with users about our efforts to resolve them, we demonstrate our dedication to delivering a reliable and high-quality product. This builds trust and credibility with our user base, fostering long-term loyalty and advocacy. 4️⃣ Iterative Improvement: The iterative nature of software development means that bugs are inevitable. Rather than viewing them as setbacks, embrace bugs as part of the iterative improvement process. Treat each bug fix as an opportunity to iterate and refine your product, continuously striving for excellence and staying responsive to evolving user needs. 5️⃣ Turning Weaknesses into Strengths: Bugs often arise from weaknesses in our product design or implementation. By addressing these weaknesses head-on, we not only resolve the immediate issue but also strengthen the foundation of our product. Use each bug encounter as a learning opportunity to identify and address underlying weaknesses, ultimately making your product more robust and resilient. P.S: Bugs are not something to be feared or avoided - they are valuable learning opportunities and catalysts for innovation 💡✨ What do you think? 🤷♂️ *************************** Follow Vivek Shivaswamy #ProductManagement #Innovation #BugsToFeatures #EmbraceTheBugs

One of the best visualizations I've seen summarizing all the responsibilities of a Product Manager!! 🎯 I would add these two to the list 👇 1️⃣ Customer Feedback and Support: Act as the voice of the customer within the organization, gathering feedback through various channels and incorporating it into product enhancements. Provide support to customers, addressing their concerns and ensuring a positive user experience. 2️⃣ Continuous Learning and Improvement: Stay updated on industry trends, emerging technologies, and best practices in product management. Continuously seek feedback, reflect on past experiences, and adapt your approach to improve product outcomes. What else would you add?? ************************** Follow Vivek Shivaswamy image by @amoeboids #productmanagement

As a product manager, staying ahead of the game means not just understanding your product, but also the language that comes with it. Here are 5 jargons every PM should know 💯 1️⃣ MVP (Minimum Viable Product): This is your product's first iteration with only the core features, allowing you to gather feedback and iterate quickly. It's about launching fast and learning from real users. 2️⃣ User Story: These are simple, concise descriptions of a feature told from the perspective of the end-user. They help keep the focus on user needs and outcomes rather than technical details. 3️⃣ KPIs (Key Performance Indicators): These are measurable values that demonstrate how effectively a product is achieving its objectives. Whether it's conversion rates, user engagement, or retention, KPIs guide your product strategy and success metrics. 4️⃣ Backlog: This is the list of tasks, features, and bugs that need to be addressed in the future. Prioritizing and managing the backlog is crucial for keeping your product development on track and responding to changing needs. 5️⃣ Product-Market Fit (PMF): It's not just about having a great product; it's about ensuring that it meets the needs of your target market. PMF is that magical sweet spot where your product perfectly satisfies customer demand, leading to traction and growth. Bonus 🎯 0️⃣ User Persona: Understanding your users is crucial for building products that resonate with them. User personas are fictional representations of your ideal customers, complete with demographics, behaviors, and pain points. They serve as compass points guiding your product decisions and strategies. Anything else you want to add? Thoughts? 🤔 ************** Follow Vivek Shivaswamy #ProductManagement

What the hell is Agile?? And Why is it important for Product Managers?? 🤷🏻 Let's break down Agile in 3 simple points for all the PMs out there 🎯 1️⃣ Iterative Approach: Agile emphasizes breaking down the product development process into small, manageable chunks called iterations or sprints. Each sprint typically lasts 1-4 weeks, during which a cross-functional team works collaboratively to deliver a potentially shippable product increment. This iterative approach allows for continuous feedback from stakeholders, enabling quick adjustments and improvements throughout the product development cycle. 2️⃣ Customer-Centricity: Agile places a strong emphasis on customer satisfaction by prioritizing customer feedback and involvement throughout the development process. Product managers in Agile environments constantly interact with customers to understand their evolving needs and preferences. By incorporating customer feedback into each iteration, product managers can ensure that the final product meets or exceeds customer expectations. 3️⃣ Adaptability and Flexibility: One of the key principles of Agile is embracing change over following a rigid plan. Product managers need to be adaptable and flexible, responding quickly to changing market conditions, customer feedback, and business priorities. Agile frameworks like Scrum and Kanban provide product managers with the tools and methodologies to effectively manage change and optimize product development processes. Agree?? What else would you add?? **************** Follow Vivek Shivaswamy Image by @work chronicles #productmanagement #AgileDevelopment💡🛠️