In many Product Organizations, Product Management has become like
Socialism. A hat worn by anybody, for a convenience and then
discarded. In this process the hat keeps on shifting from a
Development
Manager to Project Manager to Customer Support Manager to
Receptionist
to Security.
In an environment where technology keeps changing rapidly and
products
face the heat of competition, product management needs a lot of
stamina. And hence the reason it gets thrown between lot of
people like a soccer ball.
When something becomes too difficult to handle, either it gets
specialized to a very few and loathed by others or it gets handled by
almost everyone. Product management becomes an item too hot in many
places.
In another perspective, if the product management vision is not
shared
by people involved (if not get thrown between people like soccer
ball)
it won’t survive the competition and fast changing world. Like a
soccer
game, though ball gets played between everybody, like a captain
directing the game, a product manager has to direct his team.
Much like the soccer captain, he has to allow individuals to play
their
games, not interfering with their work and style, but ensure the end
output, as desired by him. If a product manager is not
responsible for work and style of his team, what parameter does
product
manager has to control his team..?
It is the vision of his team, that product manager needs to set. A
successful soccer captain sets the vision of his team on field with
respect to the opponent, playing terrain and team strengths and use
that to drive the team to play in his way. Similarly the product
manager needs to set the vision of his team with respect to
competition, eco-system and the strengths of his team to drive the
team
towards his goal..
***********
What is in reality Product Management..?
Product Management, I often tell my team, is a metabolic evolution.
Not
that they understand it this way better. But it makes them to listen
to
me more, as they become angry and gnaw their teeth.
In the way life evolves in an eco-system, products evolve in an
economic eco-system. Products do not have a meaning, purpose or
energy
to live outside their eco-system, in the same way as a biological
being.
But then the eco-system is not a constant one. It keeps changing, due
to changes of nature as well as the changes caused by the living
beings
themselves. Which means that living beings need to continually adapt
to
their eco-system of which several changes are caused by themselves.
In the same way products in an economic eco-system need to
continually
adapt due to changes in economic eco-system caused by other factors
as
well as changes caused in the eco-system due to products themselves.
This leads to evolution of new products.
Every life takes some energy from the system and gives out energy in
some other form back to the system. Same way every product consumes
energy (which can be monetarily quantified) from the economic
eco-system and gives out energy (which can be monetarily quantified)
in
another form.
In this metabolism, there are two parameters that every product
manager
need to monitor and control. Efficiency of this metabolism and more
important the effectiveness of this metabolism.
Efficiency in terms of how fast product adaptations can happen with
least energy input possible and effectiveness in terms of the returns
that product need to generate for him (his organization) and his
customer.
No doubt. Effectiveness is more important than efficiency in product
management.
Again if effectiveness needs to be better, then how well the product
is
adaptable to its eco-system (in terms of depth of user acceptance),
how
wide the product is able to proliferate and survive in different
environments (verticals and geographies) needs to be better.
************
Though Product management seems to be a monolith, function it is not.
Typically product management happens at three different levels, in my
experience.
The three levels are
1) Habitat level (Target customers level)
2) Environmental level (Market level with competition, disruptive
changes considered)
3) Eco-system level (At a macro-economic level considering changes in
the overall eco-system that could shift the whole paradigm or frame
of
operation permanently or termporarily)
Above all these levels, I define a fourth level for internal
discussion
with my team members. That is the ‘Fate level'. Those invisible
lines
that are supposed to be running inside our brains and make all of us
act in the way we do, can change things beyond our imagination. One
cannot handle this level with management. One needs the supreme
philosophy of any management which is acceptance.
In any organization that is involved in Product development,
effective
product management at these 3 different levels is essential. Product
could be anything be it hardware, software, combination of the above
or
an online service.
The Habitat level product management is much more focussed on the
immediate set of existing and perceived customers and their
requirements. The product is expected to change in this level. The
level of change is not in-depth.
The fundamental functions of the product remain the same, though
different ‘species’ of the same product may evolve in this level.
In
this level Product management will concentrate on users and revenue
maximization from the users.
The Environment level is focussed on the technology, regulatory,
financial, manufacturing (if applicable) and marketing
environment of the product and is to ensure adaptation of the product
to its environment. The same product could be used in different
verticals and geographies and the environmental product management
for
them would be different for each of the environment. The product is
expected to change in this level. The level of change is slightly
in-depth at times.
Some fundamental functions of the products could change, appearing as
if the old product is dead. Some times totally new products appear as
successors to the previous product, but having no direct
relationship with them, except for the fact that unless they are seen
as the next-generation, it is not possible to sell. Sometimes
product might not itself change, but business models themselves will
change.
In this level Product management will concentrate on next generation
developments, re-use for next generation developments and
multiplication of revenues through environmental adaptation.
The Eco-System level is focussed on the overall business environment,
economic environment, technology evolutions that are on-going,
disruptive technical and business events in the offing etc. To
adapt to eco-system level, business models might need to change. The
perception of revenue, profit & loss may change. The concept of the
product or service may undergo a total change and current
understanding
may become irrelevant or redundant. Product management here will
concentrate on possible re-use to cut short time to market, but
will be developing fundamentally new products for new environments
with
newer business models if necessary.
************
Sometime back when we I had a new Product Manager, I lectured to him
for almost an hour on Product management and its relevance to our
organization.
He patiently listened to me and then finally asked “Well.. What do
you want me to do now..?”
Actually, I wanted to share my experiences on product management and
how to go about doing it, but then as usual I have lectured around it
(probably to an empty hall).
But then, I am from the genre of those politicians who
stand in a street-corner dias and keep talking, irrespective of who
is
listening to them. I can’t be stopped. I will continue on
my Habital Level Product Management in my next post.
I also owe an explanation on why I call my Product Managers as
PUMMIES. Though it is not correct, in many organizations pummies
are brought into the picture after DUMMIES (Development Managers) and
MUMMIES (Maintenance Managers). Dummies start it up all without much
knowledge and abandon the product mid-way to sole care of Mummies..
Mummies toil hard to breathe life into the product. Poor Pummies have
to lend their initials as the dutiful father for the orphaned product
and struggle to grow it and find a business(job) for it.
In successful product organizations Pummies are the real parents and
the products grow so capable that they find their business (job)
themselves. That and more in my next post..
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