Why Do Product Managers Fail to Increase Profit?
Are you a product manager and wondering "How can I increase profit?" Well first. It's important to ask, "What is profit?" It's the net income that results from revenue minus expenses such as salaries, product costs, and sales and marketing. It fuels sustainable business. So, why do product managers fail to maximize or increase profit? One of the root causes is that product managers often fail to recognize and leverage the unique characteristics of software. To help you increase profit, I’m going to share 10 ways software differs from other kinds of offerings, notably physical goods. Understanding these differences is fundamental to creating pricing and licensing strategies that maximize profit.
The Art & Science of Explaining Product Strategy
Why is explaining product strategy so difficult? You can overcome problems with clarity, excessive detail, and transparency by following these proven product strategy frameworks.
How to Manage P&L as a Product Manager
Is it possible to manage P&L as a Product Manager? While this is a good idea in theory, it's hard to implement in reality. Decisions affecting profitability are often out a Product Manager's hands.
Why the Product Goal is NOT the Product Vision in Scrum
The latest update to The Scrum Guide includes a new concept: the Product Goal. However, this differs in significant ways from Product Vision, which is more long-term and aspirational.
The Principles of Software Profitability
The Principles of Software Profitability align software architecture and product features with what customers value most.
Getting Lean Portfolio Management to Stick
Implementing Lean Portfolio Management (LPM) can be difficult — so difficult that organizations have a hard time sticking to the plan they start with. But the effort is totally worthwhile for many reasons. So here are some tips on making LPM stick.