Just finished listening to it. Highly recommended, very informative and
quite hilarious at times...:-)))
Thanks,
--Gabriel
----------------------------------------------------------------------------
From: "rickchapman53" <mchapman29@...>
Reply-To: PSPM@yahoogroups.com
Date: Fri, 21 Nov 2003 15:36:15 -0000
To: PSPM@yahoogroups.com
Subject: [PSPM] Online interview with author of In Search of Stupidity: Over
20 Years of High-Tech Marketing Disasters
Early in November Merrill R. (Rick) Chapman appeared on a local New England
business show to discuss his new book "In Search of Stupidity: Over 20 Years
of High-Tech Marketing Disasters" and other developments in software and
high-tech marketing.
The interview is now available in its entirety (sans the commercials) on
http://www.insearchofstupidity.com
The interview features samples of classic and current software and high-tech
marketing disasters and discusses the reasons why companies keep repeating
the same mistakes again and again. The entire show is currently digitized
in Windows Movie Format (a Real version will be available shortly) and the
file size is 51MB if you wish to download and distribute. Viewing time is
approximately 47 minutes. Please note this link is optimized for
high-bandwidth connections.
Indeed very good points and opinions being raised. This discussion reflects different PM approaches and differences in our perceptions of roles, terminology and scope of responsibilities.
In any case....
The focus of the statement "Software architecture is vital to business value!" is not on the vitality of a software architecture (that is not debatable), but on the contribution it makes to the business value derived by the customer buying the software. Software architecture may contribute to the customer's operational, technical, even marketing value; but I maintain that software architecture in a product has no business value to the customer buying the software.
The key element of business value to a customer is application functionality and level of fit as a solution to the customer's business/consumer problem.
In the context of this discussion I view business value as anything that allows the customer to better and effectively do his/her business. Accordingly, software architecture has no bearing on that.
Thanks, --Gabriel
From: Ran Margalit <rmargali@...>
Reply-To: ILPM@yahoogroups.com Date: Fri, 21 Nov 2003 07:01:14 -0800 (PST) To: ILPM@yahoogroups.com Subject: Re: [ILPM] Re: [Toronto PMA] Software Architecture's Business Value -- if any
Hello all,
See my feedback below following Gabriel's questions. Good discussion on an important topic, often overlooked by many (not just the product manager)
Ran Gabriel Steinhardt <gs241@...> wrote:
Hi Shimon,
I have some questions...
You wrote "Software architecture is vital to business value!". To whom is it vital? to the software vendor or the customer? why would it be valuable?
Ran: It is vital to everyone but the end-user. From the vendor, through the customer, to business and technology partners, and to investors. Why? Because architecture has a direct impact on the product's TCO and the size of the addressable market to mention just a few.
CTOs typically refrain from touching products built on proprietary architecture if they have an alternative. It locks them into the specific vendor/technology for life. It increases their TCO for the product (can't get anyone to write upgrades, change functionality, etc.). Scalability was another issue mentioned. Finally, architecture has to be flexible and adaptable to accommodate the ever-changing business world. Products built on inherently incompatible technologies (i.e., meshing .NET and Java together) are often viewed by investors as having limited market potential (many customers stick to one camp, and don't mix technologies) and significant cost of ownership.
You wrote "A product manager's view of software as black box is dangerous." Why? Product managers should be concerned with functionality that solves the target market's business/consumer problem. Who cares if a product is written in C++ or ANSI C?
Ran: What language you write your code in can determine who you will be able to sell your product to, at what price, and how much capital, if at all, you will be able to attract to your business. This is at a strategic level. On a more tactical level, a product manager should care very much about the architecture selected since it directly impacts the cost of development (i.e., P&L) and time to market for the product. See also my answer above.
The issues of "scalability, time to market, modularity, leveraging on platforms" are all product requirements. Not a specification dictating a certain software architecture. Do you agree?
Ran: Disagree. Proprietary architectures (especially in the db and app server components) are inherently less scalable, and modular than open architectures (i.e., J2EE).
The case you gave about the bad code is a fine example of properly scrutinizing a potential partnership opportunity. However, I apologize as I did not understand what product management decision was made. ("With input from our software architect we made a very important product management decision.")
From: "Shimon Shmueli" <shimons@...>
Reply-To: ILPM@yahoogroups.com Date: Thu, 20 Nov 2003 23:17:05 -0500 To: <ILPM@yahoogroups.com> Subject: RE: [ILPM] Re: [Toronto PMA] Software Architecture's Business Value -- if any
Software architecture is vital to business value!
A product manager's view of software as black box is dangerous. A discussion about that is too broad and involved, but you should not forget issues of scalability, time to market, modularity, leveraging on platforms, just to name a few very important issues.
While working as product line manager for a large company, we selected a core piece of software from a major supplier (although a much smaller company) for a new family of products. One of our conditions was to review the architecture and even some source code. What we discovered was very poor architecture, patchy piece of software, loosely defined interfaces, lack of scalability, etc. Needless to say we did not strike a partnership, even though the software worked very well. Independently, that vendor later needed to completely rewrite the system and consequently lost market leadership and is currently struggling. With input from our software architect we made a very important product management decision.
Shimon
-----Original Message----- From: Spinacia [mailto:sp853@...] Sent: Thursday, November 20, 2003 10:19 PM To: tpma@yahoogroups.com Subject: [ILPM] Re: [Toronto PMA] Software Architecture's Business Value -- if any
Does software architecture's have a business value? To the vendor producing the software there is minimal business value in publicizing the use of a particular software architecture and producing software products that conform to it. In some markets, the existence of a certain software architecture may imply forethought, credibility and perhaps scalability. I view software architecture mostly as a competitive differentiator and an element that satisfies RFP specifications.
To the customer, the thing that really matters is functionality and compatibility with business needs. A software application that optimally implements a certain architecture will have very minimal value if it does not provide functionality that addresses the customer's business needs.
What is a good software architecture? In accordance with the above comments, I believe that a good software architecture is a technical matter addressed by Development. From the customer's and product management's perspective it does not make a difference if versions of the software product are based on different programming languages or architectures.
Thanks, --Gabriel
From: "Dennis Layton" <d-layton-is@...> Reply-To: tpma@yahoogroups.com Date: Fri, 21 Nov 2003 00:30:59 -0000 To: tpma@yahoogroups.com Subject: [Toronto PMA] Software Architecture's Business Value -- if any
I was intrigued by Luke Hohmann's post about the business value of
software architecture.
It would be interesting to find out what product managers perceive as
the business value of a good software architecture for a product or
product line. Is there a business value ?
What is a good software architecture? I know what a good software
architecture is from the perspective of a technical architect, but
what do product managers expect from a software architecture ? Or is
it just something that development team should be concerned about ?
See my feedback below following Gabriel's questions. Good discussion on an important topic, often overlooked by many (not just the product manager)
Ran Gabriel Steinhardt <gs241@...> wrote:
Hi Shimon, I have some questions... You wrote "Software architecture is vital to business value!". To whom is it vital? to the software vendor or the customer? why would it be valuable?
Ran: It is vital to everyone but the end-user. From the vendor, through the customer, to business and technology partners, and to investors. Why? Because architecture has a direct impact on the product's TCO and the size of the addressable market to mention just a few.
CTOs typically refrain from touching products built on proprietary architecture if they have an alternative. It locks them into the specific vendor/technology for life. It increases their TCO for the product (can't get anyone to write upgrades, change functionality, etc.). Scalability was another issue mentioned. Finally, architecture has to be flexible and adaptable to accommodate the ever-changing business world. Products built on inherently incompatible technologies (i.e., meshing .NET and Java together) are often viewed by investors as having limited market potential (many customers stick to one camp, and don't mix technologies) and significant cost of ownership.
You wrote "A product manager's view of software as black box is dangerous." Why? Product managers should be concerned with functionality that solves the target market's business/consumer problem. Who cares if a product is written in C++ or ANSI C?
Ran: What language you write your code in can determine who you will be able to sell your product to, at what price, and how much capital, if at all, you will be able to attract to your business. This is at a strategic level. On a more tactical level, a product manager should care very much about the architecture selected since it directly impacts the cost of development (i.e., P&L) and time to market for the product. See also my answer above.
The issues of "scalability, time to market, modularity, leveraging on platforms" are all product requirements. Not a specification dictating a certain software architecture. Do you agree?
Ran: Disagree. Proprietary architectures (especially in the db and app server components) are inherently less scalable, and modular than open architectures (i.e., J2EE).
The case you gave about the bad code is a fine example of properly scrutinizing a potential partnership opportunity. However, I apologize as I did not understand what product management decision was made. ("With input from our software architect we made a very important product management decision.")
From: "Shimon Shmueli" <shimons@...>
Reply-To: ILPM@yahoogroups.com Date: Thu, 20 Nov 2003 23:17:05 -0500 To: <ILPM@yahoogroups.com> Subject: RE: [ILPM] Re: [Toronto PMA] Software Architecture's Business Value -- if any
Software architecture is vital to business value!
A product manager's view of software as black box is dangerous. A discussion about that is too broad and involved, but you should not forget issues of scalability, time to market, modularity, leveraging on platforms, just to name a few very important issues.
While working as product line manager for a large company, we selected a core piece of software from a major supplier (although a much smaller company) for a new family of products. One of our conditions was to review the architecture and even some source code. What we discovered was very poor architecture, patchy piece of software, loosely defined interfaces, lack of scalability, etc. Needless to say we did not strike a partnership, even though the software worked
very well. Independently, that vendor later needed to completely rewrite the system and consequently lost market leadership and is currently struggling. With input from our software architect we made a very important product management decision.
Shimon
-----Original Message----- From: Spinacia [mailto:sp853@...] Sent: Thursday, November 20, 2003 10:19 PM To: tpma@yahoogroups.com Subject: [ILPM] Re: [Toronto PMA] Software Architecture's Business Value -- if any
Does software architecture's have a business value? To the vendor producing the software there is minimal business value in publicizing the use of a particular software architecture and producing software products that conform to it. In some markets, the existence of a certain software architecture may imply
forethought, credibility and perhaps scalability. I view software architecture mostly as a competitive differentiator and an element that satisfies RFP specifications. To the customer, the thing that really matters is functionality and compatibility with business needs. A software application that optimally implements a certain architecture will have very minimal value if it does not provide functionality that addresses the customer's business needs.
What is a good software architecture? In accordance with the above comments, I believe that a good software architecture is a technical matter addressed by Development. From the customer's and product management's perspective it does not make a difference if versions of the software product are based on different programming languages or architectures.
Thanks, --Gabriel
From: "Dennis Layton" <d-layton-is@...> Reply-To: tpma@yahoogroups.com Date: Fri, 21 Nov 2003 00:30:59 -0000 To: tpma@yahoogroups.com Subject: [Toronto PMA] Software Architecture's Business Value -- if any
I was intrigued by Luke Hohmann's post about the business value of software architecture.
It would be interesting to find out what product managers perceive as the business value of a good software architecture for a product or product line. Is there a business value ?
What is a good software architecture? I know what a good software architecture is from the perspective of a technical architect, but what do product managers expect from a software architecture ? Or is it just something that development team should be concerned about ?
Dennis Layton
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Perhaps our difference is due to the fact that I come from a school of thought where the product manager is the "product CEO" and has the ultimate responsibility for the success of the product. So if development decides to use Cobol for an embedded application, it is not just their problem, it becomes mine as well. Of course ideally I don't have to peek over their shoulder and make sure that they are using the right tools, but I have seen situations where product managers needed to go head to head with development over what they thought were bad decisions, even at that level. From time to time I see job descriptions of "technical product manager" which in my mind is a position that should not exist - product managers belong in marketing, however, they should have good enough understanding of the underlying technical issues in order to be that "product CEO". Beyond that, architecture is much more than just the choice of software language. It is the definition of interfaces, partitioning, data structures, algorithms, standards, and much more. This is not really the domain of product managers, and for that reason a good product manager should also know how to ask the right questions without really completely understand the answer and without alienating development. Contrary to good software architecture where partitioning and interfaces are well defined, when it comes to human organizations things are much more complicated and we need to operate beyond our boxes (cubicles) many times.
Yes, scalability, time to market, modularity, etc. should be part of the product requirements, but again, as the "product CEO" you need to sleep well at night knowing that development is implementing an architecture that will perform to achieve those, and not only for this version, but for the following few major versions.
Let me be more specific in my example to better demonstrate why it was a product management decision by an equivalent example. For a portable device the decision of what OS platform to use is a product management decision, at least because the OS in that case is very visible to the end user. Palm's earlier versions were designed with a very narrow set of applications in mind. It was very successful in the marketplace (and even crashed less than Windows CE does today), but for market driven reasons (MP3, memory size limitation, etc.) had to be completely rewritten. At the very early time frame of this product category, you needed a visionary and well grounded product manager to ask the right questions and bring the right experts and scrutinize the architecture in order to make that major product decision.
Shimon
-----Original Message----- From: Gabriel Steinhardt [mailto:gs241@...] Sent: Friday, November 21, 2003 12:38 AM To: ILPM@yahoogroups.com Subject: Re: [ILPM] Re: [Toronto PMA] Software Architecture's BusinessValue -- if any
Hi Shimon, I have some questions... You wrote "Software architecture is vital to business value!". To whom is it vital? to the software vendor or the customer? why would it be valuable?
You wrote "A product manager's view of software as black box is dangerous." Why? Product managers should be concerned with functionality that solves the target market's business/consumer problem. Who cares if a product is written in C++ or ANSI C?
The issues of "scalability, time to market, modularity, leveraging on platforms" are all product requirements. Not a specification dictating a certain software architecture. Do you agree?
The case you gave about the bad code is a fine example of properly scrutinizing a potential partnership opportunity. However, I apologize as I did not understand what product management decision was made. ("With input from our software architect we made a very important product management decision.")
From: "Shimon Shmueli" <shimons@...>
Reply-To: ILPM@yahoogroups.com Date: Thu, 20 Nov 2003 23:17:05 -0500 To: <ILPM@yahoogroups.com> Subject: RE: [ILPM] Re: [Toronto PMA] Software Architecture's Business Value -- if any
Software architecture is vital to business value!
A product manager's view of software as black box is dangerous. A discussion about that is too broad and involved, but you should not forget issues of scalability, time to market, modularity, leveraging on platforms, just to name a few very important issues.
While working as product line manager for a large company, we selected a core piece of software from a major supplier (although a much smaller company) for a new family of products. One of our conditions was to review the architecture and even some source code. What we discovered was very poor architecture, patchy piece of software, loosely defined interfaces, lack of scalability, etc. Needless to say we did not strike a partnership, even though the software worked very well. Independently, that vendor later needed to completely rewrite the system and consequently lost market leadership and is currently struggling. With input from our software architect we made a very important product management decision.
Shimon
-----Original Message----- From: Spinacia [mailto:sp853@...] Sent: Thursday, November 20, 2003 10:19 PM To: tpma@yahoogroups.com Subject: [ILPM] Re: [Toronto PMA] Software Architecture's Business Value -- if any
Does software architecture's have a business value? To the vendor producing the software there is minimal business value in publicizing the use of a particular software architecture and producing software products that conform to it. In some markets, the existence of a certain software architecture may imply forethought, credibility and perhaps scalability. I view software architecture mostly as a competitive differentiator and an element that satisfies RFP specifications. To the customer, the thing that really matters is functionality and compatibility with business needs. A software application that optimally implements a certain architecture will have very minimal value if it does not provide functionality that addresses the customer's business needs.
What is a good software architecture? In accordance with the above comments, I believe that a good software architecture is a technical matter addressed by Development. From the customer's and product management's perspective it does not make a difference if versions of the software product are based on different programming languages or architectures.
Thanks, --Gabriel
From: "Dennis Layton" <d-layton-is@...> Reply-To: tpma@yahoogroups.com Date: Fri, 21 Nov 2003 00:30:59 -0000 To: tpma@yahoogroups.com Subject: [Toronto PMA] Software Architecture's Business Value -- if any
I was intrigued by Luke Hohmann's post about the business value of software architecture.
It would be interesting to find out what product managers perceive as the business value of a good software architecture for a product or product line. Is there a business value ?
What is a good software architecture? I know what a good software architecture is from the perspective of a technical architect, but what do product managers expect from a software architecture ? Or is it just something that development team should be concerned about ?
Dennis Layton
Your use of Yahoo! Groups is subject to the Yahoo! Terms of Service <http://docs.yahoo.com/info/terms/> .
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Your use of Yahoo! Groups is subject to the Yahoo! Terms of Service <http://docs.yahoo.com/info/terms/> .
Hi Shimon,
I have some questions...
You wrote "Software architecture is vital to business value!". To whom is it vital? to the software vendor or the customer? why would it be valuable?
You wrote "A product manager's view of software as black box is dangerous." Why? Product managers should be concerned with functionality that solves the target market's business/consumer problem. Who cares if a product is written in C++ or ANSI C?
The issues of "scalability, time to market, modularity, leveraging on platforms" are all product requirements. Not a specification dictating a certain software architecture. Do you agree?
The case you gave about the bad code is a fine example of properly scrutinizing a potential partnership opportunity. However, I apologize as I did not understand what product management decision was made. ("With input from our software architect we made a very important product management decision.")
From: "Shimon Shmueli" <shimons@...>
Reply-To: ILPM@yahoogroups.com Date: Thu, 20 Nov 2003 23:17:05 -0500 To: <ILPM@yahoogroups.com> Subject: RE: [ILPM] Re: [Toronto PMA] Software Architecture's Business Value -- if any
Software architecture is vital to business value!
A product manager's view of software as black box is dangerous. A discussion about that is too broad and involved, but you should not forget issues of scalability, time to market, modularity, leveraging on platforms, just to name a few very important issues.
While working as product line manager for a large company, we selected a core piece of software from a major supplier (although a much smaller company) for a new family of products. One of our conditions was to review the architecture and even some source code. What we discovered was very poor architecture, patchy piece of software, loosely defined interfaces, lack of scalability, etc. Needless to say we did not strike a partnership, even though the software worked very well. Independently, that vendor later needed to completely rewrite the system and consequently lost market leadership and is currently struggling. With input from our software architect we made a very important product management decision.
Shimon
-----Original Message----- From: Spinacia [mailto:sp853@...] Sent: Thursday, November 20, 2003 10:19 PM To: tpma@yahoogroups.com Subject: [ILPM] Re: [Toronto PMA] Software Architecture's Business Value -- if any
Does software architecture's have a business value? To the vendor producing the software there is minimal business value in publicizing the use of a particular software architecture and producing software products that conform to it. In some markets, the existence of a certain software architecture may imply forethought, credibility and perhaps scalability. I view software architecture mostly as a competitive differentiator and an element that satisfies RFP specifications.
To the customer, the thing that really matters is functionality and compatibility with business needs. A software application that optimally implements a certain architecture will have very minimal value if it does not provide functionality that addresses the customer's business needs.
What is a good software architecture? In accordance with the above comments, I believe that a good software architecture is a technical matter addressed by Development. From the customer's and product management's perspective it does not make a difference if versions of the software product are based on different programming languages or architectures.
Thanks, --Gabriel
From: "Dennis Layton" <d-layton-is@...> Reply-To: tpma@yahoogroups.com Date: Fri, 21 Nov 2003 00:30:59 -0000 To: tpma@yahoogroups.com Subject: [Toronto PMA] Software Architecture's Business Value -- if any
I was intrigued by Luke Hohmann's post about the business value of
software architecture.
It would be interesting to find out what product managers perceive as
the business value of a good software architecture for a product or
product line. Is there a business value ?
What is a good software architecture? I know what a good software
architecture is from the perspective of a technical architect, but
what do product managers expect from a software architecture ? Or is
it just something that development team should be concerned about ?
Dennis Layton
Your use of Yahoo! Groups is subject to the Yahoo! Terms of Service <http://docs.yahoo.com/info/terms/> .
Yahoo! Groups Sponsor ADVERTISEMENT
Your use of Yahoo! Groups is subject to the Yahoo! Terms of Service <http://docs.yahoo.com/info/terms/> .
A product manager's view of software as black box is dangerous. A discussion about that is too broad and involved, but you should not forget issues of scalability, time to market, modularity, leveraging on platforms, just to name a few very important issues.
While working as product line manager for a large company, we selected a core piece of software from a major supplier (although a much smaller company) for a new family of products. One of our conditions was to review the architecture and even some source code. What we discovered was very poor architecture, patchy piece of software, loosely defined interfaces, lack of scalability, etc. Needless to say we did not strike a partnership, even though the software worked very well. Independently, that vendor later needed to completely rewrite the system and consequently lost market leadership and is currently struggling. With input from our software architect we made a very important product management decision.
Shimon
-----Original Message----- From: Spinacia [mailto:sp853@...] Sent: Thursday, November 20, 2003 10:19 PM To: tpma@yahoogroups.com Subject: [ILPM] Re: [Toronto PMA] Software Architecture's Business Value -- if any
Does software architecture's have a business value? To the vendor producing the software there is minimal business value in publicizing the use of a particular software architecture and producing software products that conform to it. In some markets, the existence of a certain software architecture may imply forethought, credibility and perhaps scalability. I view software architecture mostly as a competitive differentiator and an element that satisfies RFP specifications. To the customer, the thing that really matters is functionality and compatibility with business needs. A software application that optimally implements a certain architecture will have very minimal value if it does not provide functionality that addresses the customer's business needs.
What is a good software architecture? In accordance with the above comments, I believe that a good software architecture is a technical matter addressed by Development. From the customer's and product management's perspective it does not make a difference if versions of the software product are based on different programming languages or architectures.
Thanks, --Gabriel
From: "Dennis Layton" <d-layton-is@...> Reply-To: tpma@yahoogroups.com Date: Fri, 21 Nov 2003 00:30:59 -0000 To: tpma@yahoogroups.com Subject: [Toronto PMA] Software Architecture's Business Value -- if any
I was intrigued by Luke Hohmann's post about the business value of software architecture.
It would be interesting to find out what product managers perceive as the business value of a good software architecture for a product or product line. Is there a business value ?
What is a good software architecture? I know what a good software architecture is from the perspective of a technical architect, but what do product managers expect from a software architecture ? Or is it just something that development team should be concerned about ?
Does software architecture's have a business value? To the vendor producing the software there is minimal business value in publicizing the use of a particular software architecture and producing software products that conform to it. In some markets, the existence of a certain software architecture may imply forethought, credibility and perhaps scalability. I view software architecture mostly as a competitive differentiator and an element that satisfies RFP specifications.
To the customer, the thing that really matters is functionality and compatibility with business needs. A software application that optimally implements a certain architecture will have very minimal value if it does not provide functionality that addresses the customer's business needs.
What is a good software architecture? In accordance with the above comments, I believe that a good software architecture is a technical matter addressed by Development. From the customer's and product management's perspective it does not make a difference if versions of the software product are based on different programming languages or architectures.
Thanks, --Gabriel
From: "Dennis Layton" <d-layton-is@...> Reply-To: tpma@yahoogroups.com Date: Fri, 21 Nov 2003 00:30:59 -0000 To: tpma@yahoogroups.com Subject: [Toronto PMA] Software Architecture's Business Value -- if any
I was intrigued by Luke Hohmann's post about the business value of
software architecture.
It would be interesting to find out what product managers perceive as
the business value of a good software architecture for a product or
product line. Is there a business value ?
What is a good software architecture? I know what a good software
architecture is from the perspective of a technical architect, but
what do product managers expect from a software architecture ? Or is
it just something that development team should be concerned about ?
I was looking for an example of skewed processes...
Attached is a funny and somewhat realistic cartoon depicting internal
dynamics and views of corporate functions regarding a product.
I downloaded it a while back from Steve Johnson's blog on the
productmarketing.com website.
Please share similar ones if you have any.
Thanks,
--Gabriel
----------------------------------------------------------------------------
"Deadline’s Product Compass is a Product Lifecycle Management application built specifically for Product Managers and the product teams. This product suite addresses the issues that consume the time of Product Managers and empowers product teams to make informed decisions based on quantifiable market data."
I am evaluating the product and it seems quite powerful.
That is why IBM has produced good products, good people, and is profitably still in business where others have failed.
Quality management is always the key to success, not cost-cutting...
-----Original Message----- From: Shimon Shmueli [mailto:shimons@...] Sent: Tuesday, November 04, 2003 6:03 AM To: ILPM@yahoogroups.com Subject: RE: [ILPM] Very interesting article
I agree with most of what you are saying.
During my career so far, I have seen many styles of decision making, but my best experience has been in a world-class organization, the IBM ThinkPad development and marketing organization. There decisions were rarely made by an executive, but an the executive charted and facilitated the decision making process and decisions were made by an integrated management team. For most of the major decisions, it was up to the product manager to make a successful case to the integrated management team.
Shimon
-----Original Message----- From: Gabriel Steinhardt [mailto:gs241@...] Sent: Tuesday, November 04, 2003 12:49 AM To: ILPM@yahoogroups.com Subject: RE: [ILPM] Very interesting article
Indeed a very interesting article depicting the amorphous outlook many companies have on Product Managers, the lack of clear and definitive job descriptions in the industry, and the traditional bundling of roles unaccounted for onto a Product Manager. Mironov is accurately descriptive, but what is the solution to this problem?
In my opinion, the premise of "Product Management owns the product feature set, and Engineering owns the product development timeline" should help eliminate many conflicts as it's easy to derive the scope of responsibilities associated with such ownership. By owning I mean making decisions.
Mironov also made a statement that I need to disagree with. He says: "David Thompson, formerly of iPass and now at Good Technology, taught me that executives are paid to make decisions: a productive day must include least one decision. Meetings, emails, discussions, forecast reviews and brainstorming are secondary to making decisions that drive action."
Executive Management's prime responsibility is formulating business policy and strategy, followed by providing resources to employees so they can do their job. Once there is a clear and firm policy/strategy that is well propagated internally, decisions become obvious and just tools in driveing a business.
Whenever I hear that executives are making a business decision a day, I fear there is loose or no policy/strategy and that the executives are probably overly engaged in running daily business operations (aka micro-management).
Thanks, Gabriel
----Original Message----- From: Noa Adamsky [mailto:noa_lif@...] Sent: Sunday, October 26, 2003 1:44 AM To: ILPM@yahoogroups.com Subject: [ILPM] Very interesting article
Consider policy as a collective term describing internal operational and tactical directives, such as those issued by a company's COO (Chief Operating Officer).
Here are two real-life examples of such directives (or lack of) which I had encountered:
Customer Response Times. There is a company where still today every employee decides for himself in which timeframe he will respond to customers. Some employees respond immediately, some within the same business day, some within 24 hours, some after a week. The lack of consistent policy in this matter has created an absolute mess of customer relations.
Documentation. I saw a company where each department used different document templates for work. Again, a simple matter that hindered internal collaboration to the point of utter frustration. The company was bogged down by major inefficiency which caused product development to be delayed by over 12 months.
Needles to say, the matter of policy extends to job descriptions and domain ownership. When positions are loosely defined we get either task conflict or lack of task execution. Executive Management and the COO in particular must address this matter as to avoided the inevitable chaos that will ensue if no clear guidelines are present.
Even hiring practices, job title conventions, employee empowerment; are all matters of policy that define a clear corporate environment that allows employees to focus on work and not the workplace.
Mironov talks about the shifting placement problems a product manager experiences in a company, but in my opinion this situation really reflects a lack of policy - not a resource struggle. In orderly companies where responsibilities are well defined one will not encounter such problems.
Final note: You wrote that "I find that companies and top management are constantly trying to reinvent themselves going from one management principle to another." This is absolute true and often (not always) is a clear sign where no long-term business strategy exists. Many times the executives call these changes "realignment with business objectives", "corporate adjustments reflecting market trends", "business reevaluations", etc'....
Thanks,
Gabriel
-----Original Message----- From: Anat Mondshine [mailto:anatm@...] Sent: Monday, November 03, 2003 10:52 PM To: ILPM@yahoogroups.com Subject: RE: [ILPM] Very interesting article
Hi Gabriel,
I understand strategy by I am not sure about policy. That word policy is a bit vague to me especially on the executive level.
I have seen a company totally fall apart because the executive or top management just did not know how to go about managing a large corporation that grew very quickly by acquisition.
Just to share a real-life story, in this company the little guy with lots of money, little people and little experience was totally overpowered by the big guy with no money but lots people and experience. Of course, as a result no one came out winning. The company filed for bankrupcy and is no longer in business.
I find that companies and top management are constantly trying to reinvent themselves going from one management principle to another.
Policy?
Thanks,
Anat
Gabriel Steinhardt <gs241@...> wrote:
Indeed a very interesting article depicting the amorphous outlook many companies have on Product Managers, the lack of clear and definitive job descriptions in the industry, and the traditional bundling of roles unaccounted for onto a Product Manager. Mironov is accurately descriptive, but what is the solution to this problem?
In my opinion, the premise of "Product Management owns the product feature set, and Engineering owns the product development timeline" should help eliminate many conflicts as it's easy to derive the scope of responsibilities associated with such ownership. By owning I mean making decisions.
Mironov also made a statement that I need to disagree with. He says: "David Thompson, formerly of iPass and now at Good Technology, taught me that executives are paid to make decisions: a productive day must include least one decision. Meetings, emails, discussions, forecast reviews and brainstorming are secondary to making decisions that drive action."
Executive Management's prime responsibility is formulating business policy and strategy, followed by providing resources to employees so they can do their job. Once there is a clear and firm policy/strategy that is well propagated internally, decisions become obvious and just tools in driveing a business.
Whenever I hear that executives are making a business decision a day, I fear there is loose or no policy/strategy and that the executives are probably overly engaged in running daily business operations (aka micro-management).
Thanks, Gabriel
----Original Message----- From: Noa Adamsky [mailto:noa_lif@...] Sent: Sunday, October 26, 2003 1:44 AM To: ILPM@yahoogroups.com Subject: [ILPM] Very interesting article
I understand strategy by I am not sure about policy. That word policy is a bit vague to me especially on the executive level.
I have seen a company totally fall apart because the executive or top management just did not know how to go about managing a large corporation that grew very quickly by acquisition.
Just to share a real-life story, in this company the little guy with lots of money, little people and little experience was totally overpowered by the big guy with no money but lots people and experience. Of course, as a result no one came out winning. The company filed for bankrupcy and is no longer in business.
I find that companies and top management are constantly trying to reinvent themselves going from one management principle to another.
Policy?
Thanks,
Anat
Gabriel Steinhardt <gs241@...> wrote:
Indeed a very interesting article depicting the amorphous outlook many companies have on Product Managers, the lack of clear and definitive job descriptions in the industry, and the traditional bundling of roles unaccounted for onto a Product Manager. Mironov is accurately descriptive, but what is the solution to this problem?
In my opinion, the premise of "Product Management owns the product feature set, and Engineering owns the product development timeline" should help eliminate many conflicts as it's easy to derive the scope of responsibilities associated with such ownership. By owning I mean making decisions.
Mironov also made a statement that I need to disagree with. He says: "David Thompson, formerly of iPass and now at Good Technology, taught me that executives are paid to make decisions: a productive day must include least one decision. Meetings, emails, discussions, forecast reviews and brainstorming are secondary to making decisions that drive action."
Executive Management's prime responsibility is formulating business policy and strategy, followed by providing resources to employees so they can do their job. Once there is a clear and firm policy/strategy that is well propagated internally, decisions become obvious and just tools in driveing a business.
Whenever I hear that executives are making a business decision a day, I fear there is loose or no policy/strategy and that the executives are probably overly engaged in running daily business operations (aka micro-management).
Thanks, Gabriel
----Original Message----- From: Noa Adamsky [mailto:noa_lif@...] Sent: Sunday, October 26, 2003 1:44 AM To: ILPM@yahoogroups.com Subject: [ILPM] Very interesting article
During my career so far, I have seen many styles of decision making, but my best experience has been in a world-class organization, the IBM ThinkPad development and marketing organization. There decisions were rarely made by an executive, but an the executive charted and facilitated the decision making process and decisions were made by an integrated management team. For most of the major decisions, it was up to the product manager to make a successful case to the integrated management team.
Shimon
-----Original Message----- From: Gabriel Steinhardt [mailto:gs241@...] Sent: Tuesday, November 04, 2003 12:49 AM To: ILPM@yahoogroups.com Subject: RE: [ILPM] Very interesting article
Indeed a very interesting article depicting the amorphous outlook many companies have on Product Managers, the lack of clear and definitive job descriptions in the industry, and the traditional bundling of roles unaccounted for onto a Product Manager. Mironov is accurately descriptive, but what is the solution to this problem?
In my opinion, the premise of "Product Management owns the product feature set, and Engineering owns the product development timeline" should help eliminate many conflicts as it's easy to derive the scope of responsibilities associated with such ownership. By owning I mean making decisions.
Mironov also made a statement that I need to disagree with. He says: "David Thompson, formerly of iPass and now at Good Technology, taught me that executives are paid to make decisions: a productive day must include least one decision. Meetings, emails, discussions, forecast reviews and brainstorming are secondary to making decisions that drive action."
Executive Management's prime responsibility is formulating business policy and strategy, followed by providing resources to employees so they can do their job. Once there is a clear and firm policy/strategy that is well propagated internally, decisions become obvious and just tools in driveing a business.
Whenever I hear that executives are making a business decision a day, I fear there is loose or no policy/strategy and that the executives are probably overly engaged in running daily business operations (aka micro-management).
Thanks, Gabriel
----Original Message----- From: Noa Adamsky [mailto:noa_lif@...] Sent: Sunday, October 26, 2003 1:44 AM To: ILPM@yahoogroups.com Subject: [ILPM] Very interesting article
>>can you clarify what you mean by policy and strategy?
Policy are the general guidelines for conducting business internally within the company (with other employees), and externally with customer/partners/etc'. Policy governs issues such as corporate ethics, decision making, communication and correspondence rules, internal documentation requirements, and also office hours and dress code.
Strategy is the overall and long-term course of action a company engages in, as to achieve corporate objectives. It means deciding on actions such as partnerships, market focus, product line strategy, technology use, etc'; in order to become a leader or follower or innovator.
Always ask your self what are your company's policy and strategy, and also what are your own personal ones.
Thanks,
Gabriel
-----Original Message----- From: Gabriel Steinhardt [mailto:gs241@...] Sent: Monday, November 03, 2003 9:49 PM To: ILPM@yahoogroups.com Subject: RE: [ILPM] Very interesting article
Indeed a very interesting article depicting the amorphous outlook many companies have on Product Managers, the lack of clear and definitive job descriptions in the industry, and the traditional bundling of roles unaccounted for onto a Product Manager. Mironov is accurately descriptive, but what is the solution to this problem?
In my opinion, the premise of "Product Management owns the product feature set, and Engineering owns the product development timeline" should help eliminate many conflicts as it's easy to derive the scope of responsibilities associated with such ownership. By owning I mean making decisions.
Mironov also made a statement that I need to disagree with. He says: "David Thompson, formerly of iPass and now at Good Technology, taught me that executives are paid to make decisions: a productive day must include least one decision. Meetings, emails, discussions, forecast reviews and brainstorming are secondary to making decisions that drive action."
Executive Management's prime responsibility is formulating business policy and strategy, followed by providing resources to employees so they can do their job. Once there is a clear and firm policy/strategy that is well propagated internally, decisions become obvious and just tools in driveing a business.
Whenever I hear that executives are making a business decision a day, I fear there is loose or no policy/strategy and that the executives are probably overly engaged in running daily business operations (aka micro-management).
Thanks, Gabriel
----Original Message----- From: Noa Adamsky [mailto:noa_lif@...] Sent: Sunday, October 26, 2003 1:44 AM To: ILPM@yahoogroups.com Subject: [ILPM] Very interesting article
Indeed a very interesting article depicting the amorphous outlook many companies have on Product Managers, the lack of clear and definitive job descriptions in the industry, and the traditional bundling of roles unaccounted for onto a Product Manager. Mironov is accurately descriptive, but what is the solution to this problem?
In my opinion, the premise of "Product Management owns the product feature set, and Engineering owns the product development timeline" should help eliminate many conflicts as it's easy to derive the scope of responsibilities associated with such ownership. By owning I mean making decisions.
Mironov also made a statement that I need to disagree with. He says: "David Thompson, formerly of iPass and now at Good Technology, taught me that executives are paid to make decisions: a productive day must include least one decision. Meetings, emails, discussions, forecast reviews and brainstorming are secondary to making decisions that drive action."
Executive Management's prime responsibility is formulating business policy and strategy, followed by providing resources to employees so they can do their job. Once there is a clear and firm policy/strategy that is well propagated internally, decisions become obvious and just tools in driveing a business.
Whenever I hear that executives are making a business decision a day, I fear there is loose or no policy/strategy and that the executives are probably overly engaged in running daily business operations (aka micro-management).
Thanks, Gabriel
----Original Message----- From: Noa Adamsky [mailto:noa_lif@...] Sent: Sunday, October 26, 2003 1:44 AM To: ILPM@yahoogroups.com Subject: [ILPM] Very interesting article
You are in the right direction. I have used Quest's guidelines (see copy below) when writing company profiles. Indeed a company profile should be short, about 200-400 words, 1-2 pages. Language must be clear and sentences concise.
Include your company mission in the "background information" section. The "selling statement" section should reflect your company's USP (Unique Selling Proposition).
Thanks,
Gabriel
How to Develop an Effective Company Profile-- and Why by Ann Hackett, Quest
What is a company profile?
A company profile is essentially a resume for your company that you use to establish your credibility with the market you serve.Your company profile helps potential customers to understand your business as well as to understand your company’s approach, unique strengths, and relevant experience.Your company profile demonstrates your company’s ability to effectively meet customer needs.Your company profile also helps others who are in contact with you such as lenders, the media, and job candidates to better understand your business.
Who would benefit from having a company profile?
A company profile would benefit any company wanting to establish its credibility including:
A consulting firm where it’s critical for the company to establish the basis for its expertise
A service provider with a service that can’t be evaluated before the sale where the prospect assesses the company’s ability to provide the service based on its assessment of the company itself
A company that lacks a recognized name in the market it serves
How can a company profile be used?
There are many ways to use a company profile such as:
Including it on your web site as a means of establishing your company’s credibility
Using a print version as a sales tool at trade shows or in mailings to prospects
Providing it to lenders to help you secure financing
Adding it to your media kit and including it with press releases to give the media background information about your company
Using it as a recruiting tool to promote your company to job candidates
What should be included in your company profile?
As a guideline, shoot for a company profile of approximately 250-400 words in length covering each of the following key areas:
Summarize your company’s background information
Use the first paragraph of your company profile to summarize your company’s background information.Include in this first paragraph the year the business was founded, where the business is located, a top-level description of the products or services your company provides, a top-level description of the clients and industries you serve, and the geography you serve.Also include details about your company’s philosophy and approach to serving customers.Finally, be sure to mention achievements that quickly help to establish your company’s credibility such as awards, the number of clients you have served, or the size of your business.
Provide more detail on your company’s products or services
Use the second paragraph of your company profile to list the products or services your company provides.Use this paragraph to touch on the expertise and experience your company has that enables your to meet customer needs in these areas.You can also use this second paragraph to further define your target customer for the products or services you provide.
Highlight your company’s strengths and successes
Use the third paragraph of your company profile to highlight your company’s unique strengths as well key successes your company has had.To develop this paragraph, take the time to list the top 3 competitive advantages you feel your company has over businesses in your market space.Weave these competitive advantages into this paragraph of your profile.Next, list the top 3 successes your company has had and incorporate these successes into your company profile.
Include qualifications of your company and your staff
Use the next paragraph of your company profile to demonstrate your company’s qualifications by emphasizing areas such as patents, publications, business partnerships and alliances, tools or technologies used to meet customer needs, accreditations, certifications or the educational background of staff members.
Summarize your selling statement
Use the final paragraph of your company profile to provide a 1 or 2 sentence closing selling statement that explains why a client should work with your company.
Close with company contact information
After the final paragraph of your company profile, provide your company’s contact information including the mailing address, phone number, fax number, e-mail address, and web site URL.
Whether you use internal resources to create your company profile or work with an outside resource, your business will benefit from having a company profile to establish your company’s credibility with prospects, lenders, the media, and job candidates.
-----Original Message----- From: anatM [mailto:anatm@...] Sent: Thursday, October 09, 2003 12:27 AM To: ILPM@yahoogroups.com Subject: [ILPM] Company Profile
Hello,
I am new to this forum and I am looking for a definition of Company Profile. I have been asked to write such a Marketing Document for a company that deals in health services and I was wondering where I can find information on the main bullets to include and the best style for such a document.
Having worked in Product Marketing I do have experience in this but I am not sure if the way it was done in my previous company is the correct way of doing it.
Is it a document that should include the following: * about the company (some background and milestones) * the mission * the products * the people
I think that it should be no longer than 2 pages with graphics and a background as the eye catchers.
Hello,
I am new to this forum and I am looking for a definition of Company
Profile. I have been asked to write such a Marketing Document for a
company that deals in health services and I was wondering where I can
find information on the main bullets to include and the best style
for such a document.
Having worked in Product Marketing I do have experience in this but I
am not sure if the way it was done in my previous company is the
correct way of doing it.
Is it a document that should include the following:
* about the company (some background and milestones)
* the mission
* the products
* the people
I think that it should be no longer than 2 pages with graphics and a
background as the eye catchers.
Any feedback would be appreciated...
Thanks,
Anat
Yes, Forrest Gump might be able to use one of those while he was running across the USA :-)
I think your definition is right on target. It is open to all types of media, it emphasizes the need for a mix (hopefully managed), and it "supports" objectives and is not marketing by itself as some equate advertising with marketing, for example. I like it a lot.
Shimon
-----Original Message----- From: Spinacia [mailto:list@...] Sent: Tuesday, September 30, 2003 5:47 PM To: ILPM@yahoogroups.com Subject: RE: [ILPM] Re: Definitions and Terminology
Hi Shimon,
Thanks for the through response. I agree with you on many things. I would buy the Yellow Sports Hairdryer...
Based on your input I would like to add a definition for Marketing Communications.
Marketing Communications - A mix of media vehicles that support marketing objectives.
What say you?
Thanks,
Gabriel
-----Original Message----- From: Shimon Shmueli [mailto:shimons@...] Sent: Tuesday, September 30, 2003 1:50 PM To: ILPM@yahoogroups.com Subject: RE: [ILPM] Re: Definitions and Terminology
Interesting....
I can live with various definitions of Product Management because they vary from one organization to another and most importantly they need to fit an organization structure, culture, channels, etc. I object to forcing an organization to adopt one definition or another without regards to these factors, however well a certain job definition works for other companies. That does not mean that an organization does not need to challenge itself to industry best practices, and indeed the trend that is emerging, and a correct one in my opinion, is that PM belongs in marketing, and is more inbound in nature. When you define a product, you define it with all the 4P's in mind, with all the 5C's, 7S', and whatever other acronyms exist out there. A product needs to accommodate the requirements of the channel, so if it is a consumer printer for example, and the channel needs to display it at the store and allow people to test it, you design into a product a button that allows testing, or whatever other mechanism. In the same manner you define a product to meet certain cost/pricing, business model, channels, etc. One way to distinguish between PM and PM is to say that Prod Mgt is inbound executing while Prod mktg is outbound executing. I say executing because both need to be observing all of the marketing aspects of the product.
With respect to differentiation, yes, you can try to differentiate a commodity, and product marketing is a way to do it, but in today's market it is increasingly more difficult. Customers are smart, educated, saturated, etc. If you position and differentiate your products when it is ready for launch, you are doing it too late. You need to craft the positioning and differentiations before you start developing it and build them into the product. That is the product manager domain, not the product marketing manager. You can take a box of sugar and put the biggest splash on it and tell people that it is made only from politically correct labor, etc. but at the end of the day they buy it off the shelf, and that means that someone (product manager) needed to price, package, place, etc. the product in a way that matches the splash; otherwise it is back to square one -- it is one of a few commodities on the shelf.
I do believe in the intangible branding aspects, emotional attributes, etc. But they are over-rated, and increasingly so. We, marketers, tend to get arrogant and under appreciate the customers. We believe that we can make a huge difference by coloring an hair drier in yellow and say it is a sports model, expecting to leverage on sport image, but the customers can see right through it. We overestimate our abilities to manipulate customers by words, colors, fonts, sounds, etc. that are not essential part of the product. Yes, branding is very important, but mostly as a promise of value and consistency. Sooner or later you need to show that value in a very tangible way, otherwise your brand will go down vet fast. Witness the fast rise and fall of various brands.
Shimon
-----Original Message----- From: Spinacia [mailto:list@...] Sent: Tuesday, September 30, 2003 3:45 PM To: ILPM@yahoogroups.com Subject: RE: [ILPM] Re: Definitions and Terminology
Hi Shimon,
I am trying to formulate a clear definition so those who don't fully understand the nature of profession, will be able to establish simplistic comprehension on what it's all about.
The PDMA definition is excessive and overly academic. It will not suffice for my purpose and I believe it's flawed.
I disagree with the notion of mixing distinctly different business functions such product management, product marketing, communication (marcom?), distribution channels (sales?), in an attempt to define what true Product Management is; as the PDMA does. Also, the PDMA does not have a glossary definition for Product Marketing, which is wrong.
As for product marketing. Products maybe "different" by virtue of their features but "differentiation" is a term relating to the perception customers have of the product. At least that is how I view it...
I can add scores of new features to my product, but there will be no "differentiation" if it is not communicated properly. Conversely, via product marketing I can create "differentiation" for my product although it will be similar (in features) to other products. Elements of "differentiation" can be non related to physical features - for example: emotional value, status, prestige, reputation, credibility, service... etc'.
You said that "It is for product marketing to communicate that differentiation effectively."
My opinion is that "It is for product marketing to create that differentiation effectively." Product Management will create "different" products.
-----Original Message----- From: Shimon Shmueli [mailto:shimons@...] Sent: Tuesday, September 30, 2003 10:59 AM To: ILPM@yahoogroups.com Subject: [ILPM] Re: Definitions and Terminology
I believe that the definition on http://pdma.org/library/glossary.html is quite a good one.... "Ensuring over time that a product or service profitably meets the needs of customers by continually monitoring and modifying the elements of the marketing mix, including: the product and its features, the communications strategy, distribution channels and price."
At IBM, where I used to practice PMgt, we used to refer to the position as "product CEO" with all that is implied from that.
As for the product marketing definition, the "differentiation" is not generated by product marketing, but rather by product management and is reflected in the product itself and the accompying positioning and messaging. It is for product marketing to communicate that differentiation effectively.
--- In ILPM@yahoogroups.com, "Gabriel Steinhardt" <gabriel_steinhardt@h...> wrote: > Hi, > Please comment on the following definitions. Do you agree? > > * Product Management - The process of defining and maintaining a > product through ongoing control of its features. > * Product Marketing - Outbound activities aimed at generating product > awareness, differentiation and demand. > > Thanks, > Gabriel > _____
Thanks for the through response. I agree with you on many things. I would buy the Yellow Sports Hairdryer...
Based on your input I would like to add a definition for Marketing Communications.
Marketing Communications - A mix of media vehicles that support marketing objectives.
What say you?
Thanks,
Gabriel
-----Original Message----- From: Shimon Shmueli [mailto:shimons@...] Sent: Tuesday, September 30, 2003 1:50 PM To: ILPM@yahoogroups.com Subject: RE: [ILPM] Re: Definitions and Terminology
Interesting....
I can live with various definitions of Product Management because they vary from one organization to another and most importantly they need to fit an organization structure, culture, channels, etc. I object to forcing an organization to adopt one definition or another without regards to these factors, however well a certain job definition works for other companies. That does not mean that an organization does not need to challenge itself to industry best practices, and indeed the trend that is emerging, and a correct one in my opinion, is that PM belongs in marketing, and is more inbound in nature. When you define a product, you define it with all the 4P's in mind, with all the 5C's, 7S', and whatever other acronyms exist out there. A product needs to accommodate the requirements of the channel, so if it is a consumer printer for example, and the channel needs to display it at the store and allow people to test it, you design into a product a button that allows testing, or whatever other mechanism. In the same manner you define a product to meet certain cost/pricing, business model, channels, etc. One way to distinguish between PM and PM is to say that Prod Mgt is inbound executing while Prod mktg is outbound executing. I say executing because both need to be observing all of the marketing aspects of the product.
With respect to differentiation, yes, you can try to differentiate a commodity, and product marketing is a way to do it, but in today's market it is increasingly more difficult. Customers are smart, educated, saturated, etc. If you position and differentiate your products when it is ready for launch, you are doing it too late. You need to craft the positioning and differentiations before you start developing it and build them into the product. That is the product manager domain, not the product marketing manager. You can take a box of sugar and put the biggest splash on it and tell people that it is made only from politically correct labor, etc. but at the end of the day they buy it off the shelf, and that means that someone (product manager) needed to price, package, place, etc. the product in a way that matches the splash; otherwise it is back to square one -- it is one of a few commodities on the shelf.
I do believe in the intangible branding aspects, emotional attributes, etc. But they are over-rated, and increasingly so. We, marketers, tend to get arrogant and under appreciate the customers. We believe that we can make a huge difference by coloring an hair drier in yellow and say it is a sports model, expecting to leverage on sport image, but the customers can see right through it. We overestimate our abilities to manipulate customers by words, colors, fonts, sounds, etc. that are not essential part of the product. Yes, branding is very important, but mostly as a promise of value and consistency. Sooner or later you need to show that value in a very tangible way, otherwise your brand will go down vet fast. Witness the fast rise and fall of various brands.
Shimon
-----Original Message----- From: Spinacia [mailto:list@...] Sent: Tuesday, September 30, 2003 3:45 PM To: ILPM@yahoogroups.com Subject: RE: [ILPM] Re: Definitions and Terminology
Hi Shimon,
I am trying to formulate a clear definition so those who don't fully understand the nature of profession, will be able to establish simplistic comprehension on what it's all about.
The PDMA definition is excessive and overly academic. It will not suffice for my purpose and I believe it's flawed.
I disagree with the notion of mixing distinctly different business functions such product management, product marketing, communication (marcom?), distribution channels (sales?), in an attempt to define what true Product Management is; as the PDMA does. Also, the PDMA does not have a glossary definition for Product Marketing, which is wrong.
As for product marketing. Products maybe "different" by virtue of their features but "differentiation" is a term relating to the perception customers have of the product. At least that is how I view it...
I can add scores of new features to my product, but there will be no "differentiation" if it is not communicated properly. Conversely, via product marketing I can create "differentiation" for my product although it will be similar (in features) to other products. Elements of "differentiation" can be non related to physical features - for example: emotional value, status, prestige, reputation, credibility, service... etc'.
You said that "It is for product marketing to communicate that differentiation effectively."
My opinion is that "It is for product marketing to create that differentiation effectively." Product Management will create "different" products.
-----Original Message----- From: Shimon Shmueli [mailto:shimons@...] Sent: Tuesday, September 30, 2003 10:59 AM To: ILPM@yahoogroups.com Subject: [ILPM] Re: Definitions and Terminology
I believe that the definition on http://pdma.org/library/glossary.html is quite a good one.... "Ensuring over time that a product or service profitably meets the needs of customers by continually monitoring and modifying the elements of the marketing mix, including: the product and its features, the communications strategy, distribution channels and price."
At IBM, where I used to practice PMgt, we used to refer to the position as "product CEO" with all that is implied from that.
As for the product marketing definition, the "differentiation" is not generated by product marketing, but rather by product management and is reflected in the product itself and the accompying positioning and messaging. It is for product marketing to communicate that differentiation effectively.
--- In ILPM@yahoogroups.com, "Gabriel Steinhardt" <gabriel_steinhardt@h...> wrote: > Hi, > Please comment on the following definitions. Do you agree? > > * Product Management - The process of defining and maintaining a > product through ongoing control of its features. > * Product Marketing - Outbound activities aimed at generating product > awareness, differentiation and demand. > > Thanks, > Gabriel > _____
I can live with various definitions of Product Management because they vary from one organization to another and most importantly they need to fit an organization structure, culture, channels, etc. I object to forcing an organization to adopt one definition or another without regards to these factors, however well a certain job definition works for other companies. That does not mean that an organization does not need to challenge itself to industry best practices, and indeed the trend that is emerging, and a correct one in my opinion, is that PM belongs in marketing, and is more inbound in nature. When you define a product, you define it with all the 4P's in mind, with all the 5C's, 7S', and whatever other acronyms exist out there. A product needs to accommodate the requirements of the channel, so if it is a consumer printer for example, and the channel needs to display it at the store and allow people to test it, you design into a product a button that allows testing, or whatever other mechanism. In the same manner you define a product to meet certain cost/pricing, business model, channels, etc. One way to distinguish between PM and PM is to say that Prod Mgt is inbound executing while Prod mktg is outbound executing. I say executing because both need to be observing all of the marketing aspects of the product.
With respect to differentiation, yes, you can try to differentiate a commodity, and product marketing is a way to do it, but in today's market it is increasingly more difficult. Customers are smart, educated, saturated, etc. If you position and differentiate your products when it is ready for launch, you are doing it too late. You need to craft the positioning and differentiations before you start developing it and build them into the product. That is the product manager domain, not the product marketing manager. You can take a box of sugar and put the biggest splash on it and tell people that it is made only from politically correct labor, etc. but at the end of the day they buy it off the shelf, and that means that someone (product manager) needed to price, package, place, etc. the product in a way that matches the splash; otherwise it is back to square one -- it is one of a few commodities on the shelf.
I do believe in the intangible branding aspects, emotional attributes, etc. But they are over-rated, and increasingly so. We, marketers, tend to get arrogant and under appreciate the customers. We believe that we can make a huge difference by coloring an hair drier in yellow and say it is a sports model, expecting to leverage on sport image, but the customers can see right through it. We overestimate our abilities to manipulate customers by words, colors, fonts, sounds, etc. that are not essential part of the product. Yes, branding is very important, but mostly as a promise of value and consistency. Sooner or later you need to show that value in a very tangible way, otherwise your brand will go down vet fast. Witness the fast rise and fall of various brands.
Shimon
-----Original Message----- From: Spinacia [mailto:list@...] Sent: Tuesday, September 30, 2003 3:45 PM To: ILPM@yahoogroups.com Subject: RE: [ILPM] Re: Definitions and Terminology
Hi Shimon,
I am trying to formulate a clear definition so those who don't fully understand the nature of profession, will be able to establish simplistic comprehension on what it's all about.
The PDMA definition is excessive and overly academic. It will not suffice for my purpose and I believe it's flawed.
I disagree with the notion of mixing distinctly different business functions such product management, product marketing, communication (marcom?), distribution channels (sales?), in an attempt to define what true Product Management is; as the PDMA does. Also, the PDMA does not have a glossary definition for Product Marketing, which is wrong.
As for product marketing. Products maybe "different" by virtue of their features but "differentiation" is a term relating to the perception customers have of the product. At least that is how I view it...
I can add scores of new features to my product, but there will be no "differentiation" if it is not communicated properly. Conversely, via product marketing I can create "differentiation" for my product although it will be similar (in features) to other products. Elements of "differentiation" can be non related to physical features - for example: emotional value, status, prestige, reputation, credibility, service... etc'.
You said that "It is for product marketing to communicate that differentiation effectively."
My opinion is that "It is for product marketing to create that differentiation effectively." Product Management will create "different" products.
-----Original Message----- From: Shimon Shmueli [mailto:shimons@...] Sent: Tuesday, September 30, 2003 10:59 AM To: ILPM@yahoogroups.com Subject: [ILPM] Re: Definitions and Terminology
I believe that the definition on http://pdma.org/library/glossary.html is quite a good one.... "Ensuring over time that a product or service profitably meets the needs of customers by continually monitoring and modifying the elements of the marketing mix, including: the product and its features, the communications strategy, distribution channels and price."
At IBM, where I used to practice PMgt, we used to refer to the position as "product CEO" with all that is implied from that.
As for the product marketing definition, the "differentiation" is not generated by product marketing, but rather by product management and is reflected in the product itself and the accompying positioning and messaging. It is for product marketing to communicate that differentiation effectively.
--- In ILPM@yahoogroups.com, "Gabriel Steinhardt" <gabriel_steinhardt@h...> wrote: > Hi, > Please comment on the following definitions. Do you agree? > > * Product Management - The process of defining and maintaining a > product through ongoing control of its features. > * Product Marketing - Outbound activities aimed at generating product > awareness, differentiation and demand. > > Thanks, > Gabriel > _____
I am trying to formulate a clear definition so those who don't fully understand the nature of profession, will be able to establish simplistic comprehension on what it's all about.
The PDMA definition is excessive and overly academic. It will not suffice for my purpose and I believe it's flawed.
I disagree with the notion of mixing distinctly different business functions such product management, product marketing, communication (marcom?), distribution channels (sales?), in an attempt to define what true Product Management is; as the PDMA does. Also, the PDMA does not have a glossary definition for Product Marketing, which is wrong.
As for product marketing. Products maybe "different" by virtue of their features but "differentiation" is a term relating to the perception customers have of the product. At least that is how I view it...
I can add scores of new features to my product, but there will be no "differentiation" if it is not communicated properly. Conversely, via product marketing I can create "differentiation" for my product although it will be similar (in features) to other products. Elements of "differentiation" can be non related to physical features - for example: emotional value, status, prestige, reputation, credibility, service... etc'.
You said that "It is for product marketing to communicate that differentiation effectively."
My opinion is that "It is for product marketing to create that differentiation effectively." Product Management will create "different" products.
-----Original Message----- From: Shimon Shmueli [mailto:shimons@...] Sent: Tuesday, September 30, 2003 10:59 AM To: ILPM@yahoogroups.com Subject: [ILPM] Re: Definitions and Terminology
I believe that the definition on http://pdma.org/library/glossary.html is quite a good one.... "Ensuring over time that a product or service profitably meets the needs of customers by continually monitoring and modifying the elements of the marketing mix, including: the product and its features, the communications strategy, distribution channels and price."
At IBM, where I used to practice PMgt, we used to refer to the position as "product CEO" with all that is implied from that.
As for the product marketing definition, the "differentiation" is not generated by product marketing, but rather by product management and is reflected in the product itself and the accompying positioning and messaging. It is for product marketing to communicate that differentiation effectively.
--- In ILPM@yahoogroups.com, "Gabriel Steinhardt" <gabriel_steinhardt@h...> wrote: > Hi, > Please comment on the following definitions. Do you agree? > > * Product Management - The process of defining and maintaining a > product through ongoing control of its features. > * Product Marketing - Outbound activities aimed at generating product > awareness, differentiation and demand. > > Thanks, > Gabriel > _____
I believe that the definition on
http://pdma.org/library/glossary.html is quite a good one....
"Ensuring over time that a product or service profitably meets the
needs of customers by continually monitoring and modifying the
elements of the marketing mix, including: the product and its
features, the communications strategy, distribution channels and
price."
At IBM, where I used to practice PMgt, we used to refer to the
position as "product CEO" with all that is implied from that.
As for the product marketing definition, the "differentiation" is
not generated by product marketing, but rather by product management
and is reflected in the product itself and the accompying
positioning and messaging. It is for product marketing to
communicate that differentiation effectively.
--- In ILPM@yahoogroups.com, "Gabriel Steinhardt"
<gabriel_steinhardt@h...> wrote:
> Hi,
> Please comment on the following definitions. Do you agree?
>
> * Product Management - The process of defining and maintaining
a
> product through ongoing control of its features.
> * Product Marketing - Outbound activities aimed at generating
product
> awareness, differentiation and demand.
>
> Thanks,
> Gabriel
> _____
I have uploaded into the group's "files" section my latest article on Pragmatic Marketing's PMCP certification program and an evaluation copy of the Product Manager’s Toolkit (PMTK).
Pragmatic Marketing Certified Practitioner (PMCP) – A high-stakes, intermediate skill, professional product management certification program. Download from here (200k, PDF).
The Product Manager’s Toolkit (PMTK) – A comprehensive and evolving set of product management and product marketing document templates. Download from here (2mb, ZIP).