Types Of Outcomes - Deepstash
Top 7 books for Product Managers

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Top 7 books for Product Managers

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Types Of Outcomes

Managing by outcome is only as good as the defined outcome. There are 3 types, starting from the general to the actionable:

  • Business outcomes start with financial metrics(revenue, costs) or market share. 
  • Product outcomes. Measure how the product drive value. 
  • Traction Metrics. Track usage of specific features. 

Business metrics are usually lagging indicators. They are hard to impact in an agile environment. Product outcomes are better. To get more specific KPIs could be used. 

137

485 reads

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Continuous Discovery Framework

  1. Begin with the end in mind. Decide the main business outcomes that require discovery.
  2. Assemble the team, a trio (ideally) made of a product manager, a designer & an engineer.
  3. To reach the desired outcome(s), a product trio must discover & exp...

135

806 reads

Visualize what you know: Experience Map

Visualize what you know: Experience Map

It represents an artifact that helps a team uncover opportunities. It starts with a question related to the outcome (for example "how do people entrain themselves with videos?" if the goal is to increase time spent with a streaming app):

  • Each member of the team shares a doodle...

136

520 reads

Best Practices For Setting Outcomes

  • They are negotiated between the team of designers, product & engineering people on one hand, and the leadership.
  • Ambitious outcomes work better than SMART goals. 
  • Some learning missions should proceed with performance outcomes. "Improving retention is a useless goal if yo...

133

457 reads

The Hidden Assumptions

The Hidden Assumptions

Every proposed solution is based on assumptions, which are hard to spot. One way to spot them is to imagine the solution is already functional and then draw a story map with all the steps. Assumptions will become clear:

- The user will engage with our product: Desirability Assumptio...

131

450 reads

Delivery vs Discovery

Delivery vs Discovery

Agile methodologies revolutionized how products are being built. But building is just half of the problem. Deciding what to build is just as (if not more) important. 

Deciding what to build is discovery. Shipping is delivery. 

Discovery needs to be treated as an activ...

139

1.9K reads

"Whether Or Not?" vs "What Else?"

"Should we build this feature?" is a question product people ask themselves a lot. It's a mistake. 

  • Instead, develop a "compare and contrast" mindset. Ask instead "which of these customer needs is more important?"
  • Instead of falling in love with you...

138

607 reads

Mindsets For Customer Discovery

Customer Discovery requires a certain mindset. That is more important than a framework:

  1. Outcome-oriented: success should be defined by the impact of the code not the quantity of the code.
  2. Customer-centric: the user is the key shareholder.

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1.13K reads

Keystone Discovery Habit: Continuous Interviewing

Keystone Discovery Habit: Continuous Interviewing

Customers don't know what they want but talking to them is still useful. "What needs, pain points or desires matter the most?" is the fundamental question:

  • Instead of direct questions ask users to share stories about their experience. We lie to ourselves all the time so direct...

132

428 reads

Opportunities (Not Problems)

Opportunities (Not Problems)

We are thought that products have to solve problems to be valuable (vitamin vs aspirin analogy). But the best products started without a clear problem to solve. Facebook, Disney etc....

Opportunities encompass customer needs, pain points & desires. Think opportunit...

139

725 reads

Opportunity Mapping

Opportunity Mapping

The insights from interviews should allow a product team to evolve a map of opportunities that could be considered for solutions:

  • The map is presented as a tree. Some parent opportunities can have multiple nodes. The product team needs to combine similar ones or maintain a hierarchy.

135

428 reads

The Opportunity Solution Tree

The Opportunity Solution Tree

Is a simple way to visually represent the path one may take to reach a milestone. It is the main system of record for tracking the discovery process:

  • The root of the tree is the desired business outcome
  • Next are the opportunities, the needs, and desires of the customers we can ...

140

628 reads

Discovering the Solution Space

Once the product team decides to pursue an opportunity solutions can be considered:

  • Avoid brainstorming - an illusion of group productivity. Groups generate few similar mediocre ideas. Best ideas are generated alone and discussed as a group.
  • Ideally, you should have 10-15 solut...

134

422 reads

CURATED FROM

CURATED BY

vladimir

Life-long learner. Passionate about leadership, entrepreneurship, philosophy, Buddhism & SF. Founder @deepstash.

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Outcomes

Outcomes

Metrics that can be used in product management:

  • Business Outcomes (measures business value): e.g. number of customers, retention, number of users
  • Product Outcomes (measures how the business value is created through product): e.g. time saved performing an action, satisfaction du...

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