Common Sense Into Common Practice

Egress Solutions Product & Innovation Management Blog

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Posts by Mike Smart

8 Keys to Successfully Implementing a Product Management Framework

Organizations eager to do a better job building and launching products that win in the market are smart to look to product management frameworks. Who wants to waste time reinventing the wheel when market opportunities require speed and stakeholders are obsessed with agility? The tested, refined, and re-refined product management best practices from the industry’s thought leaders have done all the hard work, so why not just “paste and go?”

Not so fast! As we outlined in our previous post, training your product teams is an important step, but just that – a step – in transforming your group into a well-oiled product management machine. To truly leverage the framework, an organization needs to understand its objectives, identify strengths and weaknesses, and tailor the implementation.

In our years of helping companies adopt the most valuable elements of industry standard frameworks based on agile, lean and market-driven models, we’ve taken note of the key “ingredients” to a rapid, complete, and successful implementation.

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Our team has been through product management training… now what?

Getting a product management team up to speed is a big commitment and investment. Training is an essential part of their journey to high-performance, but multiple studies show us that overall retention of training material is very low – about 10%, according to most experts. Furthermore, if team members don’t get to put that new information into practice, they will struggle to retain even that small fraction.

This isn’t the fault of the product managers or team leaders. The many high quality training courses available for product teams simply aren’t sufficient. Such training programs are the foundation of what is required to transform your group into a high-performing product management organization.

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The Executive's Guide to a Healthy Software Product Portfolio

The software market is constantly evolving. Want proof? In the span of a single week technology website Network World reviews an average of more than 20 software and hardware products. For executives at software development companies, the challenge is one of balance — too many products and you get lost in the noise; too few, and you're not taking best advantage of your market niche. Here's a top-level guide to help ensure your product portfolio is in good health.

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