Learn more about strategy with this collection
Essential product management skills
How to work effectively with cross-functional teams
How to identify and prioritize customer needs
Most metrics like a retention metric or revenue metric are output metrics. These are metrics you should should monitor.
Giving output metrics to teams as goals can be dangerous. They need to know how to break them down into input metrics to make them actionable. When this doesn't happen it leads to teams thrashing between things.
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MORE IDEAS ON THIS
Most people focus on "building a dashboard." But what is 10X more important is choosing which metrics are important and defining those metrics well.
Defining is more complicated than people think. For example, there are many ways to define a retention metric depending on y...
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This is the most common version of outputs vs inputs. Usage creates revenue, revenue does not create usage. As a result the most important metrics in terms of creating growth are not your revenue metrics, they are your usage metrics.
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Your metrics are a reflection of your strategy. They help answer, is the strategy working? Metrics without strategy is like looking at a bunch of random numbers.
You need to define the strategy before you define your metrics. What are the key hypotheses of the strategy? Wh...
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Lots of teams think retention and engagement are the same things. They are not:
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CURATED FROM
IDEAS CURATED BY
Life-long learner. Passionate about leadership, entrepreneurship, philosophy, Buddhism & SF. Founder @deepstash.
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Other curated ideas on this topic:
It's likely that from all the financial planning you'll eventually get overwhelmed and think about giving up. Should that scenario happen, allow yourself to take a break and self-soothe. Afterwards, list down everything that you need to do and divide them into manageable tasks then allocate a ce...
The Eisenhower Matrix / The Eisenhower box
Once you have your goals written in a SMART way, you should break them down into concrete and actionable tasks.
Then the tasks need to be prioritized.
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