How Product Managers Can Bring Innovation To Their Products

“Be more innovative” – how many times has your management told you that? Although being innovative isn’t really part of the product development definition, product managers still want their products to always be ahead of what their customers want. We’d like to be able to have our products solve problems that our customers might not … Read more

A Trash Company Show Product Managers How To Do Pricing

How much does your product cost? Is it the right price? Both of these questions are a part of the product development definition. As product managers when we set a price for our products we might also set up some discounting rules, and then we prefer to pretty much leave things alone. However, what if … Read more

Picture Perfect Product Management

Just imagine if you were a product manager who was in charge of film for cameras. Your world used to be great: everyone needed film and so you could improve your product, roll it out, and customers would snap it up (sorry for the pun). However, then along came digital cameras and almost overnight the … Read more

What Starbucks Can Teach Product Managers About How People Pay For Your Product

By now everyone knows who Starbucks is – they are the company that sells coffee, a lot of it, and makes a ton of cash doing it. What you may not know is that they have some very sharp product managers working for them and as they follow the product development definition they are always … Read more

What Product Managers Can Learn From A Handgun

I can’t tell you how many times I’ve been working with clients who are trying to enter new markets by copying products that are already being sold. If you want to be a “me-too” product manager, you can do this. However, if you really understand the way that product development definition should be done and … Read more

5 Things That Are Wrong With Your Product’s Business Plan

Love ’em or hate ’em, business plans are a part of every product manager’s life. They should be a part of every company’s product development definition. Because we can’t do it all by ourselves, we need to make use of funding and resources from the company. In order to get what we need, the company … Read more

Product Managers Need To Beware Of The Hidden Impact Of Discounting Their Product

Have you ever given any thought to the damage that you might be doing to your company’s other brands when you slash the price of your product? It turns out that cutting your product’s price might boost your product’s sales, but at what expense? Say Goodbye To Your Margin As a product manager, it can … Read more

Product Managers Learn To Optimize Prices In Order To Boost Margins

So what does a product manager need to do in order to make his / her product more profitable? As I suspect every product manager learned during the last global recession, cutting costs associated with your product is one important step. That’s a nice skill to have on your product manager resume, but it’s not … Read more

Pens Can Teach Product Managers The Write Stuff

Just imagine if you were the product manager who was in charge of one of the world’s simplest products: a pen. How successful could you be in this era of fancy smartphones and high-tech tablets? I would have been willing to say that your pen product had reached the end of its product life; however, … Read more

Product Management Case Study: Pay Phones

I don’t care what kind of product you are in charge of right now, let’s play a game. You are now in charge of a product that all of us see every day: pay phones. What would you do to breathe new life into this dying product line? Everything You Need To Know About Pay … Read more