product activities framework i001-2008€¦ · support and other channels about issues and...

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Analysis Direction Product & portfolio strategy Vision & evangelizing Roadmaps Pricing Segmentation Propositions Positioning Business cases Discovery & design Requirements Project & partner management Operational readiness & trials Product Activities Framework Our Framework identifies all the product management activities that should take place in any company with products. Use it to help think through who owns which activity and how well you’re doing. This identifies gaps, overlaps and priorities for improvement. Training | Resources | Reviews | Leadership Forum [email protected] | www.productfocus.com Outbound Activities - helping the business to sell the product Inbound Activities - helping the business to deliver the product Launch Product promotion Sales & marketing content Sales support product focus Strategic Product Activities - working out what the right product is for the business Insight Market research Customer research Competitive research Product performance Product & portfolio strategy Developing product and portfolio strategy and plans. Updating management and the wider business. Includes portfolio positioning, release planning and stakeholder management. Vision & evangelizing Creating a compelling product vision. Selling and presenting the product to internal audiences and representing the product externally at conferences, to customers, with the press and industry analysts. Roadmaps Deciding on future direction and priorities for the product. Publishing and maintaining roadmaps for internal and external stakeholders. Pricing Developing pricing strategy and tactics. Competitive pricing analysis, cost analysis and gathering customer insight on pricing. Seing and communicating price levels. Launch Creating and running launch and go-to-market plans. Selecting launch dates and approaches. Ensuring teams such as Sales and Support are trained. Communications and building momentum across the business. Product promotion Creating and/or running product marketing/content marketing campaigns e.g. thought leadership, lead generation, acquisition, retention. Running plans and tracking effectiveness. Sales & marketing content Writing and developing sales and marketing content e.g. messaging for a website, explainer videos, case studies, social media, FAQs, white-papers, sales tools and presentations. Supporting digital marketing. Sales support Delivering sales training. Supporting sales calls. Aending or presenting at user groups, sales and channel events as the product representative. Customer research Research on customers and prospects. Geing feedback from Sales, Support and other channels about issues and opportunities. Win/loss analysis. User experience, ways of working and behaviour research. Competitive research Initiating and sponsoring competitive research, including benchmarking and tracking competitor activity. Understanding their strengths, weaknesses and direction. Geing feedback from sales and other sources. Market research Researching and gathering market data, expert opinion and insights. Tracking market drivers and trends such as technology developments and changes to legislation. Product performance Reviewing data and reports on product performance. Tracking key performance indicators (KPIs) such as revenue and customer numbers. Product analytics to understand product usage. Discovery & design Defining and testing hypothesis by building mock-ups, prototypes, MVPs and product versions to understand what is valuable to customers. Using insights and use cases to design the product and improve user experience. Requirements Gathering, analyzing, prioritizing and documenting product requirements. Defining users and use scenarios. Providing context and discussing trade-offs with developers and designers. Project & partner management Managing the overall development for the product, reviewing milestones with stakeholders. Handling the development process and resolving project issues. Finding, managing & negotiating with partners & suppliers. Operational readiness & trials Managing the roll-out of the product within the business e.g. system and process updates. Managing internal and external trials. Ensuring the business is ready to start selling. Propositions Creating and capturing new ideas. Analyzing and building propositions for the product for different target market segments. Developing messaging for different buyer and user profiles. Segmentation Using needs and other factors to identify aractive market segments that can be targeted with relevant propositions. Understanding segment sizing and other relevant factors. Business cases Writing the rationale about why the business should invest in a product. Producing the financial model with sales, revenue, costs and profit forecasts. Geing impact estimates and buy-in from relevant areas. Positioning Determining appropriate messaging and positioning against external competition and internal products. World class product management © Product Focus - I001-2008

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Page 1: Product Activities Framework I001-2008€¦ · Support and other channels about issues and opportunities. Win/loss analysis. User experience, ways of working and behaviour research

Analysis Direction

Product & portfolio strategy

Vision & evangelizing

Roadmaps

Pricing

Segmentation

Propositions

Positioning

Business cases

Discovery & design

Requirements

Project & partner management

Operational readiness & trials

Product Activities FrameworkOur Framework identifies all the product management activities that should take place in any company with products. Use it to help think

through who owns which activity and how well you’re doing. This identifies gaps, overlaps and priorities for improvement.

Training | Resources | Reviews | Leadership [email protected] | www.productfocus.com

Outbound Activities- helping the business to sell the product

Inbound Activities- helping the business to deliver the product

Launch

Product promotion

Sales & marketing content

Sales support

product

focus

Strategic Product Activities- working out what the right product is for the business

Insight

Market research

Customer research

Competitive research

Product performance

Product & portfolio strategyDeveloping product and portfolio strategy and plans. Updating management and the wider business. Includes portfolio positioning, release planning and stakeholder management.

Vision & evangelizingCreating a compelling product vision. Selling and presenting the product tointernal audiences and representing the product externally at conferences, to customers, with the press and industry analysts.

RoadmapsDeciding on future direction and priorities for the product. Publishing and maintaining roadmaps for internal and external stakeholders.

PricingDeveloping pricing strategy and tactics. Competitive pricing analysis, costanalysis and gathering customer insight on pricing. Se�ing and communicating price levels.

LaunchCreating and running launch and go-to-market plans. Selecting launch dates and approaches. Ensuring teams such as Sales and Support are trained. Communications and building momentum across the business.

Product promotionCreating and/or running product marketing/content marketing campaigns e.g. thought leadership, lead generation, acquisition, retention. Running plans and tracking effectiveness.

Sales & marketing contentWriting and developing sales and marketing content e.g. messaging for a website, explainer videos, case studies, social media, FAQs, white-papers, sales tools and presentations. Supporting digital marketing.

Sales supportDelivering sales training. Supporting sales calls. A�ending or presenting at user groups, sales and channel events as the product representative.

Customer researchResearch on customers and prospects. Ge�ing feedback from Sales, Support and other channels about issues and opportunities. Win/loss analysis. User experience, ways of working and behaviour research.

Competitive researchInitiating and sponsoring competitive research, including benchmarking and tracking competitor activity. Understanding their strengths, weaknesses and direction. Ge�ing feedback from sales and other sources.

Market researchResearching and gathering market data, expert opinion and insights.Tracking market drivers and trends such as technology developments and changes to legislation.

Product performanceReviewing data and reports on product performance. Tracking key performance indicators (KPIs) such as revenue and customer numbers. Product analytics to understand product usage.

Discovery & designDefining and testing hypothesis by building mock-ups, prototypes, MVPs and product versions to understand what is valuable to customers. Usinginsights and use cases to design the product and improve user experience.

RequirementsGathering, analyzing, prioritizing and documenting product requirements. Defining users and use scenarios. Providing context and discussing trade-offs with developers and designers.

Project & partner managementManaging the overall development for the product, reviewing milestones with stakeholders. Handling the development process and resolving project issues. Finding, managing & negotiating with partners & suppliers.

Operational readiness & trialsManaging the roll-out of the product within the business e.g. system and process updates. Managing internal and external trials. Ensuring the business is ready to start selling.

PropositionsCreating and capturing new ideas. Analyzing and building propositionsfor the product for different target market segments. Developing messaging for different buyer and user profiles.

SegmentationUsing needs and other factors to identify a�ractive market segments that can be targeted with relevant propositions. Understanding segment sizingand other relevant factors.

Business casesWriting the rationale about why the business should invest in a product. Producing the financial model with sales, revenue, costs and profit forecasts. Ge�ing impact estimates and buy-in from relevant areas.

PositioningDetermining appropriate messaging and positioning against external competition and internal products.

World class product management© Product Focus - I001-2008