Strong-form Product Management Model (PowerPoint PPT)

DESCRIPTION

Most Product Managers have relatively narrow roles and decision rights on product portfolios are fragmented on various functions. This creates incoherence between a company's product and its overall Corporate Strategy.

What is needed is a more accountable decision rights that align responsibility for results to one person who also has cross-functional decision-making authority. This realignment is at the core of Strong-form Product Management.

This presentation provides the basic framework on Strong-form Product Management Model. Adopting a Strong-form Product Management Model begins with 5 essential steps.

1. Hire Product Managers with Proper Skills.
2. Create Financial Transparency to the Product Level.
3. Implement Product-first Decision-making Processes.
4. Develop Strong Customer Relations.
5. Encourage Cross-functional Collaboration.

This presentation also discusses Change Management principles to follow to successfully transform your Product Management processes and adopt the Strong-form Model, as well as how the Strong-form Model links Strategy to Execution.

This deck also includes slide templates for you to use in your own business presentations.

This presentation delves into the organizational lifecycle function of Product Management, emphasizing the importance of delivering measurable business results aligned with both market needs and company goals. It provides a comprehensive overview of the Strong-form Product Management Model, highlighting its role in driving top-line growth and enforcing actions across functional boundaries. The case study of RIM serves as a cautionary tale, illustrating the critical need for robust Product Management to avoid becoming obsolete in a rapidly changing market.

The deck also includes actionable insights on hiring Product Managers with the right skills, creating financial transparency, and implementing product-first decision-making processes. It underscores the necessity of developing strong customer relations and fostering cross-functional collaboration to stay ahead of change and remain competitive. This resource is indispensable for companies looking to transform their Product Management approach and ensure coherence from strategy to execution.

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Source: Best Practices in Product Strategy, Product Management PowerPoint Slides: Strong-form Product Management Model PowerPoint (PPT) Presentation, LearnPPT Consulting