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Mastering Feature Prioritization: A Guide for Product Managers

Prioritization is an essential skill for product managers, but it can be challenging.
Great ideas and enthusiasm don't always translate into successful product features.
Experiment with different prioritization frameworks and adapt them to your needs.
Trust your instincts and leverage data to make informed decisions.

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www.milkkarten.net

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Your End-of-Year Social Media Checklist

Gift guide fatigue is setting in as there are too many gift guides being published.
More brands are pitching Substack writers to be included in their gift guides.
Substack writers can make significant earnings from brand sponsors, not just affiliate revenue.
Affiliate marketing can disadvantage small businesses compared to big retailers.

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15 Likes

Medium

423

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Why You’re Worse at Making Decisions Than You Think — and How AI Can Help

Humans are not as adept at making decisions as they think, especially in uncertain environments.
Biologically, our brains favor quick decisions over well-considered ones.
Human decision-making is often flawed due to overconfidence, reliance on authority, and limited information.
Artificial intelligence can improve decision-making by taking on time-consuming tasks, enhancing decision quality, and providing guidance.

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25 Likes

Medium

410

Unlocking the Power of Generative AI: Top Prompts for Product Managers

Conduct market research for [specific niche]. Provide insights on global market size, key players, industry trends, and customer needs. Use Case: Helps in understanding the market landscape and identifying opportunities and threats.
Develop a comprehensive understanding of a product idea aimed at solving [specific customer pain points]. Include target audience, features, unique selling points, and technical requirements. Use Case: Assists in aligning the team on the product vision and scope.
Create a detailed PRD for a new product targeting [specific audience]. Include functional and non-functional requirements. Use Case: Ensures clarity and completeness in product specifications.
Analyze the limitations of the current features of [product name]. Suggest improvements and potential new features. Use Case: Helps in refining existing features and planning future enhancements.

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24 Likes

Medium

Navigating the Nuances of Product Management in Healthcare: A Guide for Budding Managers

Healthcare product managers must navigate the complexities of the industry, including regulatory requirements, patient needs, and technological advancements.
Understanding and complying with regulatory standards is essential for success in healthcare product management.
Keeping up with technological trends and integrating them into product development processes is crucial.
A patient-centered approach, collaboration, and continuous learning are key to developing impactful healthcare products.

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4 Likes

Medium

151

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The VMSO Framework brings clarity, alignment, and purpose to teams

The VMSO framework is a lightweight approach to address team and cross-team dysfunctions.
It helps teams clarify their scope, goals, responsibilities, and dependencies.
VMSOs complement PRFAQs and OKRs, focusing on team autonomy and ownership.
The framework is applicable to various organizational structures and teams.

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9 Likes

Medium

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Customer Discovery vs. Product Discovery: A PM’s Guide to Getting it Right

Product managers often overlook the importance of understanding the 'Who' and 'Why' of their audience, leading to products that miss the mark.
Customer discovery is about understanding who your customers are and why they need a solution, while product discovery explores solutions to the problems identified during customer discovery.
To excel, product managers need to balance both customer discovery and product discovery.
Common pitfalls include rushing into product design without fully understanding the customer and not validating the 'What' and 'How' of the product.

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Medium

215

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How Data Analytics Can Help Identify Product Pain Points

Data analytics is crucial for product managers to make informed decisions and prioritize features.
Identifying user pain points is essential for improving the product experience.
Data analytics helps uncover hidden issues, quantify their impact, and guide solutions.
Segmenting users and understanding the impact of issues are vital steps in addressing pain points.

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12 Likes

Medium

352

Unlocking Your Full Potential: The Pathway to Unstoppable Success

Recognizing your potential is the first step towards unleashing it.
Self-awareness, goal setting, and a growth mindset are essential for unlocking your potential.
Continuous learning, taking care of your health, and surrounding yourself with positive influences are key strategies.
Overcoming obstacles like procrastination, fear of failure, and taking on too many responsibilities is crucial for sustaining growth.

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21 Likes

Medium

436

Mastering the Art of Self-Improvement: A Comprehensive Guide to Personal Fulfillment

Self-improvement is about consistent progress in different areas of life - mental, emotional, physical, and spiritual.
Success begins with clear objectives, setting goals, and breaking them into actionable steps.
Cultivate a growth mindset by embracing challenges, learning from criticism, and persisting in the face of setbacks.
Focus on self-care, including physical health, mental peace, and emotional balance.

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26 Likes

Medium

222

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From Comfort Zone to Growth Zone: My Career Change Journey to Product Management

After 12 years in project management and change leadership, the author embarked on a career change to product management.
Despite having relevant skills, the job search proved challenging due to companies seeking specific experience.
The transition to product management was emotionally and professionally demanding, but previous experience in stakeholder management and data analysis proved beneficial.
The author shares resources and tips for successful career changes, emphasizing the importance of persistence and mindset.

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Logrocket

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A guide to transitioning from a data engineer to product manager role

Data engineers can make a career transition to product management which helps them to take more involvement in shaping strategies, user-centric design, and cross-functional leadership.
Product management allows data engineers to engage with diverse stakeholders and connect the dots between technical capabilities, business goals, and user needs.
Product managers are translators between engineering teams and Business objectives and data engineers' technical expertise equips them to communicate complex ideas to non-technical stakeholders.
The strengths that data engineers bring to product management include data-driven decision-making, analytical problem-solving, systems thinking, precision, and attention to detail.
Communication and storytelling, empathy for users, and leadership without authority are some skills that data engineers need to develop for product management.
Data engineers can follow a step-by-step guide to becoming a PM which includes building a strong foundation in product management, getting hands-on experience, highlighting transferable skills, network and seek mentorship, and leveraging internal opportunities.
Challenges that data engineers might face while transitioning to a product manager include shifting from execution to strategy, building business acumen, and leading without direct authority.
By leveraging your technical expertise, addressing skill gaps, and embracing a user-first mindset, you can excel as a PM and drive meaningful innovation.
Data engineers can step into a role where technical depth meets strategic vision and can make meaningful impact.

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1 Like

Medium

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6 Key takeaways from an inspiring Product Management session!

Product Management is more than a role; it’s a culture, mindset, craft, and practice.
PMs must strike a balance between value, usability, feasibility, and viability.
Great PMs adapt to their team’s evolving needs, bridging gaps and contributing where it counts most.
Strong relationships across teams are the cornerstone of impactful product management.

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2 Likes

Medium

294

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The Tempting Trap of Vanity Metrics in SaaS

Vanity metrics are measurements that seem impressive but do not necessarily correlate with genuine business performance.
They often emphasize quantity over quality, providing little actionable insight.
Vanity metrics can create a distorted view of reality, obscuring critical issues and misallocating resources.
To measure success, SaaS businesses should focus on actionable metrics like CAC, CLTV, customer churn rate, NPS, and MRR.

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Lenny's Newsletter

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How GiveDirectly increased donations by over $3 million/year through experimentation

GiveDirectly is a nonprofit that sends cash directly to people in need, and it raised $3m more in incremental donations per year in a better donation experience experiment.
Donation conversion increased by 14% by adding one-click PayPal and mobile wallet checkout options.
Changing the email opt-in checkbox copy doubled the subscription rate, which drove an incremental $400,000 a year.
Having the default donation frequency set to monthly instead of one-time increased the yearly donation value by $500,000.
Changing the checkbox for donors to cover transaction fees to unchecked by default generated an additional $200,000 a year.
A new homepage design with an embedded donation form raised an additional $700,000 a year in donations.
The team's focus was on the North Star metric, which is total dollars raised and which helped recognize where to accept a decrease in other submetric.
Donations are sent via mobile money technology, making it more scalable than other poverty solutions.
GiveDirectly is building this evidence base by running the world's largest UBI study, among other research.
Donations are being doubled on December 3 through an anonymous donor matching pool while funds last.

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