Tag Archives: Product Manager

5 takeaways from Nobel Laureate Md Yunis’ experience for Product Managers

One Young World 2010, Professor Muhammad Yunus shared his experience on how he created something that was so wrong by definitions but yet successful in creating positive impact on lives of thousands of his customers. He has beautifully summed up the thoughts that I believe every product manager must carry while he or she is working on conceptualizing new product or service. These are simple yet powerful points that can help you build a product with differentiation and having significant value proposition.

video courtesy: Youtube

While I am sure you will enjoy the video, I would like to sump-up some of the points;

  1. Think beyond Rules: Rules defined by conventional or well established business should mean nothing to you. Do not let your thoughts be caged within these boundaries. Treat them as mental blocks and just let them go.
  2. Think / aim Gigantic: Note what Professor suggested to CEO of ADIDAS on vision. Yes they are difficult but I always believe that having challenging vision helps you build a stronger character and better professional. So just go for it.
  3. Create your customer: Conventional banks have 97% male customer whereas grahmin bank went to women and close to 99% customers are female. Create your customer, identify who else can you sell your product or services to. If you are someone who works on Go-To-Market and target market you would appreciate the value that professor brings when he talks about his experience of having a branch in New York City.
  4. Possible vs impossible: Yes indeed the gap has narrowed down. It is equally important to unlearn as it is to learn. Some of the Don’ts of past have become Dos of present times. So maybe it’s time to rework on your basic assumptions you had while conceptualizing your product or service.
  5. It is never crowded for innovation / innovators: Well said, in fact I am of the opinion that a crowded place offers best opportunity to innovate.

@mathurabhay

Three questions to the Product Manager Shardul Mehta

Product Mantra is starting a new monthly Q & A series with Product Managers worldwide. We have decided to keep the format simple – just three questions. We start the series with the well known Product Manager Shardul Mehta of Product Canvas fame.

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Product Mantra: What do you think is the right personality for a Product Manager?
Shardul Mehta: Curiosity. Thirst for learning. Always wanting to know why. Great customer empathy. Technologist with customer experience chops and business sense. Always thinking about the future, but acts in the now. Get-things-done attitude. One of the best communicators in the organization. Leadership.

Product Mantra: When does Product Management get stressful? 
Shardul Mehta: Every job can be stressful when a lot is happening all at once. This is not unique to Product Management.

Product Mantra: Do you see the role of a Product Manager undergoing an evolutionary change in the next 10 years? If not why and if so how.
Shardul Mehta: Yes. It has to. PM missed the boat on Agile, Design Thinking, and Lean Startup. Product Managers spend too much time focusing on features, triaging engineering tasks, and managing releases. Instead, need to focus on the innovation process, customer development, and go-to-market strategies. That’s how it can add real, sustainable and measurable value to the business (and customers).

Thanks a lot Shardul – that was insightful – particularly on your opinion that PM missed the boat on Agile and Lean Startup. We will catchup – as a Product walks with the foot of the Product Manager and so we better catchup.

Shardul has a very useful blog here and a Twitter handle worth following here.