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 product management 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 product management and market-driven models, we’ve taken note of the key “ingredients” to a rapid, complete, and successful implementation.