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Ask HN: How to make Product Management decisions?
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5 points
by kerupian
2041 days ago
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Please let me know and help out as someone looking to build a startup. Looking for answers from Product Managers,CEO,CTO, and entrepreneurs here. When building a new product for a company that has validated idea, there are a few features which are very common no matter what type of product you build - For example, Secure Sign In, Login with [FB,Google,Apple], integrations with X etc. My question is, how often you look at competitors and see what features they are offering? What is the value of this competitor data to you when making decisions about building features and roadmap? |
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So these are two different questions. But I think that the only viable answer to both is that whether you're making a decision based on your competitors or something else entorely, you should always use a decision-making framework.
Here's a pretty common framework a PM at Facebook shared at a Product School interview. (You can also read the full article over here: https://bit.ly/33f93ER)
Firstly, work to identify what the criteria for success are. These are what you’ll measure your various options against. The main question you wanna ask is: “If there’s an option that satisfies all criteria, would we be happy with that solution?” If the answer is yes, you got your criteria. I would highly encourage you to validate these criteria with leadership first.
Secondly, map out all the various options that you can think of. If you struggle to find options and can only think of one, think again. Look at the opposite spectrum and then find a 3rd option that is a middle ground.
Assess your options against your criteria. Write a clear explanation of how each option meets your criteria.
Traffic light it! Use 3 colors, red, green, and amber. I normally have the criteria in the columns and the options in the rows so that you have a nice table to color. Make sure that green means good across all criteria, otherwise it’s hard to read
Make a decision, just do it. Make a recommendation based on the colors you identified. Is there a clear decision with all greens? Are there disagreements with other functions that you need to highlight? This is the place to do it.