Monday, August 30, 2010

Factors to be considered before Product Release

Before you start
  • Know your market
  • Identify market segments
  • Establish a competitive strategy
  • Know the technology landscape
  • Validate
Know your market

  • Learn about the market by observation
- Customers
- Evaluators
- Potentials
  • Quantify market problems
  • Understand total solution
  • Buy, build, partner to flesh out whole solution
  • Communicate internally with market facts
  • Product manager should be the messenger for the market
Identify market segments
  • Be deliberate about which market segments you
  • target
  • Rather than a few features each release for
  • each segment, focus a whole release around a
  • segment
  • Your roadmap can reflect when you will address
  • different segments
Establish a competitive strategy

  • Avoid competitive checklists
  • This is not a competitive strategy
  • Be where the competition is not
  • Look for market segments where the competition is
  • not
  • Focus on your distinctive competence
  • The roadmap should reflect your company’s unique
  • ability to deliver value in the marketplace
Know the technology landscape

  • Research emerging technologies
  • Interview technical reviewers to understand
  • technical compliance and standards they are
  • adopting
  • Use technology to solve problems for your
  • market

Validate

  • Synthesize possibilities
  • Review with internal cross-functional team
  • NDA review with trusted parties
  • Customers
  • Potentials
  • Partners

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