Feature factories are businesses that focus on outputs over outcomes by rapidly producing and shipping features without strategically considering the impact these features have on users and the business.
The alternative to the feature factory is a culture that rewards outcomes over outputs, which are called empowered teams.
Feature team Product Managers (PMs) are real PMs doing important work despite the belief that only PMs on empowered teams are the real PMs.
Feature team PMs are responsible for execution and driving the cross-functional team effort to translate features into a useful experience for the user.
Feature team PMs often don’t have a dedicated project manager so they need to take on additional responsibilities and do the product work themselves, leading to the misconception that they are just project managers.
The role of PMs is to help the CEO flesh out their vision and bring it to life by executing it at the highest level.
PMs should help the CEO understand the tradeoffs of various paths before they ultimately commit to the decision.
Feature team PMs need not behave like empowered PMs without a strong product leader spearheading the transformation and a stomach for a huge amount of work.
Feature teams are valuable to CEOs in certain scenarios such as when the CEO has a clear and compelling product vision.
The product work involved on a feature team and empowered team are largely the same, but empowered teams offer more strategic and meaningful work.