Outcomes - Deepstash
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 during onboarding
  • Traction Metrics (measures usage of specific features): number of clicks on a feature

Other important definitions: 

  • Lagging Indicators: usually business outcomes, measuring something after it has happened
  • Leading indicators: usually product outcomes, they can predict the direction of the lagging indicator

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magdamihalache

User Researcher, passionate about behaviours and building the right products. I 'stash' about research, self-development and education.

Having the right framework and process in place makes 80% of the work in product management.

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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 produ...

Vanity metrics

  • If nobody uses your product, then optimization or marketing will make no sense. 
  • A startup must be very clear about making clear and well-founded predictions to prove that a good business can be built with the product. 
  • The necessary indicators are often replaced by those tha...

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