A GPS for Product Roadmaps

GPS_RoadmapOne of the biggest challenges I’ve faced as a product manager is attempting to arrive at a consensus when identifying what enhancements, bug fixes and other development items should be included in the product roadmap. Perhaps you, too, will identify with a few of the themes in this *mostly* fictional dramatization…

Bob, a product manager at Ultramegadyn, spent the last week combing emails, Excel spreadsheets, defect tracking systems and post-it notes accumulating all the product ideas that have been sent his way over the last year.

The result can be summed up in one word. Whoa. Continue reading this post »

Don’t Roll the Dice on your Business Case

Monte_Carlo_CasinoSo the business case for your new product is completed and you are ready to present it to your execs. As suggested in a previous post, you have consulted with the key decision-makers prior to the presentation and of course they disagree with your numbers and/or your assumptions. Your ability to drive everyone to a consensus will be critical to making your business case presentation meeting a success. But how will you make this happen when no one can agree on the key variables and assumptions?

When uncertainty is involved, as is always the case, the Monte-Carlo analysis can be used to better understand your chances of success or failure.

Armed with the results of an objective analysis, you can then go back to your execs and show the impact of their input. If there is little or no impact, you are in good shape. If there is significant impact at least you are no longer clueless about the key variables and are better equipped to address them. Continue reading this post »

Does your Product Collateral Support your Sales Process?

funnel 8In an earlier post, I advocated that marketers design their marketing launch plans to better serve the sales cycle process. I thought I should provide a few examples about how to achieve that objective.

There are many sales methodologies out there, and every sale situation is different. However, sales cycle processes typically include at least four phases: screening, evaluation, decision-making and procurement. Let’s look at each of them individually to see how marketers can best serve each phase: Continue reading this post »

Do You Have a Participation Strategy for Your Product?

Product Participation - RugbyRecently, I was lucky enough to have the opportunity to hear Jackie Huba, the author of “Citizen Marketers: When People are the Message”, speak about marketing in the Web 2.0 world.  She made many great points, but when she talked about a Participation Strategy, I really took notice.  Here are some of her ideas with some of my own thoughts about Product Management. Continue reading this post »

Does Your Launch Plan Support Your Sales Process?

entry7Product marketers, and I mean by that product managers or product marketing managers, will tell you that most of the collateral they produce to support the sales force is underused or simply ignored. Product marketers looking at their marketing portal metrics know that most of their documents, brochures, data sheets or presentations are seldom downloaded.

On the other hand, the sales force argues that they can hardly use the material provided because the value proposition is too vague to truly apply to the unique needs of each customer, or that the presentations are long on gobbeldy-gook and short on details. Some formats such as data sheets or white papers may be more popular than presentations, flash demos or ROI analysis, but overall, account managers are usually dissatisfied with the material provided.

I say that product marketers have the duty to fully satisfy the sales force because, at the end of the day, it is the account manager who has the biggest opportunity to properly position the product with the customer. And these product marketers must do so by continuously optimizing their product launch around the company sales cycle process. Continue reading this post »