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- Weekly Newsletter - 24th July 2024
Weekly Newsletter - 24th July 2024
Exploring Product Excellence, Product Design, and Unconventional Wisdom in Tech Management
SecretCPO
July 24, 2024
🚀 Ready to elevate your product management game? Dive into the world of Product Management! 🌟
Unlock the secrets to making better product decisions with Teresa Torres' insights on shifting from outputs to outcomes. 📊 Her new book, "Continuous Discovery Habits," is a must-read for mastering a structured approach to continuous discovery.
Why focus on outcomes? Because it's not just about what you build, but the impact it has! 💡 Learn how to set clear, measurable outcomes that guide your team and drive success.
Join the movement and transform your product strategy today! 📈
Restoring Services Post-Outage by Western Telegraph
Matthew Evans sheds light on how Microsoft deployed hundreds of engineers to restore services after an outage caused by CrowdStrike, affecting 8.5 million devices and disrupting airline operations. The company detailed their efforts in a blog post, collaborating with Google Cloud and AWS. The incident underscored the interconnected nature of the tech ecosystem and the importance of disaster recovery. Users reported disruptions on Downdetector and social media.
Outcome-Focused Product Development by Product Talk
Teresa Torres emphasises the importance of shifting from outputs to outcomes in product development in this article. It explains the difference between outputs and outcomes, the need for measurable outcomes, and the roles in defining them. It also covers the types of outcomes, how to identify them, and the importance of focusing on one outcome at a time to ensure impactful results.
AI Features Underutilised by Mind the Product
Louron Pratt highlights the learnings from a recent survey reveals that only 15% of users are embracing AI features in products. While North American product teams are more likely to integrate AI, user engagement remains low. European businesses are expanding UX teams to better understand user needs. Despite reluctance from users, product managers are leveraging AI for daily tasks, with OpenAI's ChatGPT being widely used.
Modern Operating Models by McKinsey
In this article, Aditi Chawla, Martin Harrysson, Hannah Mayer, and Megha Sinha suggests how adopting a product and platform operating model is crucial for modern businesses. This approach empowers cross-functional teams, leading to faster software launches, improved code quality, and increased developer velocity. Research shows companies with mature models achieve higher shareholder returns, operating margins, customer engagement, and brand awareness. Key drivers include effective ways of working, innovation culture, and best-in-class tooling.
Essential Skills for Modern Product Managers by Simplilearn
As product management evolves in 2024, mastering 15 key skills is crucial. These include strategic thinking, data-driven decision-making, and soft skills like leadership and communication. The article emphasizes the importance of understanding market needs, strategic vision, cross-functional leadership, and a customer-centric approach. Continuous learning and certifications are also highlighted as vital for career advancement in product management.