Types Of Outcomes - Deepstash

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. 

175

605 reads

CURATED FROM

IDEAS CURATED BY

vladimir

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

The idea is part of this collection:

Top 7 books for Product Managers

Learn more about startup with this collection

Conducting market research

Analyzing data to make informed decisions

Developing a product roadmap

Related collections

Similar ideas to Types Of Outcomes

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...

Types of MVP

Types of MVP

  1. Video MVP {A video that explains your product or solution to measure traction}
  2. The Concierge MVP {idea that when you’re just starting out you don’t need to be able to handle thousands of customers, you just need to make one customer happy} great way to validate your hypothesis

Read & Learn

20x Faster

without
deepstash

with
deepstash

with

deepstash

Personalized microlearning

100+ Learning Journeys

Access to 200,000+ ideas

Access to the mobile app

Unlimited idea saving

Unlimited history

Unlimited listening to ideas

Downloading & offline access

Supercharge your mind with one idea per day

Enter your email and spend 1 minute every day to learn something new.

Email

I agree to receive email updates