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Archives for June 2024

More Product Management Lessons from Fire/Rescue/EMS and Beyond

June 27, 2024 By Scott

Welcome to Part 2 in this series. When I started Part 1, I had no idea how quickly a whole lot of thoughts would flow regarding the cross-over utility of some ideas from sometimes time-pressured or higher-stakes fields into general product management.

Train How You Fight

Another great line from a fire instructor, “You can never train too hard for a job that can kill you.” This stresses the importance of realistic training that prepares firefighters for real-life scenarios. And train we do. Beyond initial training, we have weekly sessions, special classes, and more. In aviation there’s recurrent medical and flight checks, etc. Now, in corporate, there are hopefully less things that will kill you than in emergency response situations. But there are systems and equipment breakdowns. There are high-stakes situations. Are you prepared? Have you practiced scenarios? Or is the book up there on the shelf getting dusty? The problem with risk mitigation is you don’t make money from it. It’s value preserving, not value accretive. It’s a cost item, not a revenue item. Backup systems, security efforts are necessary, but they are on the cost side. Regardless, the only way to be really ready is training. Some say – with some validity – that’s what insurance is for; to buy away risk. And yet, is that responsible? Is it ethical? Maybe. It depends on your situation. You have to assess that. It’s not all gloom and doom though. There’s items on the plus side here. What about customer training / onboarding? Or sales? Whether it’s to mitigate bad outcomes or drive towards good ones, are you constantly learning? The better the training, the better the game is likely to go. Train how you fight.

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Filed Under: Product Management, Tech / Business / General

Lessons for Product Management from Emergency Services & Aviation

June 20, 2024 By Scott

This article started from chats with a colleague about how I managed doing volunteer emergency work at night or weekend adventure sports and then went into the office the next day to deal with important, but less extreme matters. It turned into lessons I’ve learned, (or think I’ve learned anyway), from that part of my life and how they affect my perspective on working in more corporate environments. She thought I should share them. I quickly ended up with more than I’d thought so this will turn into a few posts perhaps. Here we go…

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Filed Under: Product Management, Tech / Business / General

Product Management Analytics Purpose & Goals

June 10, 2024 By Scott

At a strategic level, Product Analytics isn’t just about the “How.” That’s important, but is more tactical. It’s more about the “What” and the “Why.” Basically, are your outcomes driving toward your goals.

We are overwhelmed by information, not because there is too much, but because we haven’t learned how to tame it. Information lies stagnant in rapidly expanding pools as our ability to collect and warehouse it increases, but our ability to make sense of and communicate it remains inert, largely without notice.

Stephen Few, Data Visualization Expert

The What and the Why

What are you trying to do? Probably running and growing your business; within guardrails including internal financial and external regulatory concerns. Most analytics are historical lagging indicators. You may have items you consider leading indicators; a sales pipeline or scheduling system, possibly equipment failure estimations, etc. And you may be using predictive models including AI tools. But mostly, your performance reports will be historical. And why study history? Typically it’s to try to predict or change the future.

So What are you trying to do?

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Filed Under: Analytics, Product Management, Tech / Business / General

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