🔢 Key Takeaways
- Ravi Mehta suggests a balance between autonomy and selective micromanagement in product leadership. Providing guidance towards the right direction while allowing the team to lead in a scalable way can lead to success.
- Ravi Mehta's career trajectory highlights the power of continual learning and building something impactful. PMs can learn from his experiences and focus on developing expertise-driven coaching to make it more accessible to everyone.
- Startups are able to move quickly due to their ability to test and validate assumptions on a daily or weekly basis. Conviction-oriented decision-making and a tighter turning radius enable startups to iterate and make progress faster than larger companies.
- To succeed as a startup founder, connect with others who share your passion for early-stage entrepreneurship. Seek out communities of builders, operations and development team members, investors, and indie hackers for invaluable support and knowledge.
- Entrepreneurs can benefit from the Reforge product leadership program's product strategy stack. This framework separates goals, roadmap, and strategy into defined parts to help individuals drive value and make informed decisions for their business.
- A company's mission, strategy, product strategy, roadmap, and goals work together to achieve success. Vision and mission can be combined, and it's important to keep them visual and not get stuck on perfecting them.
- Wireframes create alignment among team members and provide a clear understanding of how pixels on a screen will be organized. Product managers can learn this skill through available resources, like Balsamiq.
- It is important to understand that companies can have similar products but different missions, strategies, and goals. Tinder focuses on fun and swift dating, while Hinge prioritizes long-term relationships, and both succeed by fostering meaningful conversations.
- Tinder aims to promote interactions and discoverability, resisting filters to make the experience more serendipitous. Its monetization model involves subscriptions and a la carte products, with Tinder Gold being a popular choice.
- Tinder's Boost and Super Like features cater to users with a more intense need to meet someone, leading to the development of Tinder Platinum and Super Swipe. Understanding user psychology can optimize product features.
- Miro helps teams collaborate efficiently by providing a space with ready-made templates to build out strategies, brainstorm ideas and iterate quickly towards a clear set of principles driving their roadmap towards success.
- Developing a strong strategy with quantifiable elements should precede goal-setting in product roadmapping. Prioritize outcomes over outputs to generate valuable results for the business and build a continuous relationship with users.
- Before setting a plan to achieve outcomes, it's important to first understand the four types of goals in the frontier of understanding: understanding risk, dependency risk, execution risk, and strategic risk. Start by increasing understanding and avoid wasting resources.
- Instead of solely focusing on outcome-based goals, understanding why goals were missed and focusing on learning and personal development can help achieve business goals. The product rotational program is a great way to achieve this, as it allows individuals to gain exposure to different areas of product management and hone their skills.
- Product management involves 12 competencies in product execution, customer insight, product strategy, and leadership. These competencies, regardless of experience level, are essential for successful product management.
- Successful product managers cultivate stakeholder inclusion, team leadership, and managing up to gain support from leadership. Use the downloadable tool kit from ravi-mehta.com to assess your competencies and identify growth areas for better performance.
- Ask your manager to evaluate you or invite them to give you feedback whenever needed. As a leader, find a balance between micromanaging and being hands-off. Thank those who give feedback, even if it's tough to hear.
- Micromanagement can be effective if done strategically and temporarily. However, pure hands-off leadership can cause failure, while excessive micromanagement can lead to frustration. Leaders should focus on scalable leadership and selective micromanagement to align the team with the manager's vision.
- Outpace uses AI to provide customized feedback for coaches to improve their performance, not replace them. AI simulates leadership styles to help coaches be more efficient and effective. The future of coaching and work professionals is undergoing exciting changes thanks to AI.
- Ask interviewees about the product they love to gain insight into their product sense and values. When considering a potential coach, ask about clients they're proud of helping to understand their values and approach. Recommended SaaS products include Airtable, Webflow, Superhuman, Descript, and Balsamiq.
- Before engaging with a coach, it's crucial to understand their values and approach to determine if they align with your goals and expectations. Outpace offers free resources and a Q&A service to connect individuals with coaches.
📝 Podcast Notes
The Matrix Framework for Product Leadership by Ravi Mehta
- Ravi Mehta, a renowned product leader, advocates for a matrix framework for product leadership.
- The ideal goal is to lead in a scalable way, allowing your team autonomy while feeling confident in their direction.
- However, selective micromanagement may be necessary when a team may be heading in the wrong direction.
- This requires micromanaging in a tactical and temporary way, leading them towards the right direction, and ultimately pulling back.
- Ravi Mehta has an impressive background, including being the former chief product officer at Tinder, a former product director at Facebook, VP of product at Tripadvisor, and the co-founder and CEO of Outpace.
From Xbox Live to Outpace: Ravi Mehta's Journey in Product Leadership
- Ravi Mehta, founder of Outpace, shares his journey in the tech industry and how he started coding at a young age.
- He worked at Microsoft and was part of the Xbox Live team, where he learned to think about where gaming was going.
- He later held product leadership roles at Tripadvisor, Facebook, and Tinder.
- Mehta realized the importance of one-on-one coaching and founded Outpace to make expertise-driven coaching more accessible to everyone.
- PMs who aspire to start their own company can learn from Mehta's career trajectory and focus on building something new and impactful.
The Startup Advantage: Speed Through Latency
- The speed advantage of startups is not in velocity but in latency, which means the ability to quickly test and validate assumptions or hypotheses.
- Unlike bigger companies that have more momentum, startups have a tighter turning radius that allows them to iterate and get data every day or every couple of weeks.
- Making decisions at a startup requires a shift in mindset from an experimental-oriented approach to a conviction-oriented approach.
- Startups do not have enough users to run experiments, so it is essential to rely on informed conviction and move forward quickly.
Connecting with Early-Stage Networks for Startup Success
- When starting a company, it's important to connect with people who are passionate about the earlier stage of entrepreneurship.
- Networks of people who like to work at larger companies are used to the types of problems they work on and the benefits that come with it.
- In contrast, people who love to work at earlier stages can be found among founders, freelancers, and investors.
- To set oneself up for success, it's essential to plug into an early stage network as soon as possible by connecting with builders, operations and development sides, and the investment side.
- Also, marketing and growing an early stage company differs from marketing or growing larger budget ones, meaning you'll need a separate and particular knowledge base.
- Two of the best communities for early-stage entrepreneurs include the indie hacker community.
Resources for Entrepreneurs: Indie Hacker and Everything Marketplaces communities
- The indie hacker and Everything Marketplaces communities are great resources for solo entrepreneurs trying to build something from scratch.
- The Reforge product leadership program offers a helpful framework called the product strategy stack, which separates terms like goals, roadmap, and strategy into clearly defined parts to help individuals understand what framework they're using to make decisions and drive value for the business.
- The top of the stack is the company mission, which is the change the company wants to bring to the world.
- The second part is the strategy, which is the logical plan that helps attain the mission.
The Five Components of Product Strategy
- A company's mission and strategy define what it wants to achieve and how it plans to do it.
- The product strategy is the bridge between the company's goals and the daily work of the product team, which is informed by the roadmap and goals.
- These five components work together in a system, and if a PM is having trouble meeting their goals, they may need to work bottom-up to identify where the problem lies.
- Vision and mission can be combined, and it's important not to get stuck on perfecting them.
- Keeping the vision visual can also be helpful for defining the strategy.
How Wireframes Help Define Product Strategy
- Defining product strategy with wireframes helps to ensure that everyone involved understands the same thing.
- Words alone can be interpreted differently by different people, but showing wireframes creates alignment.
- It's like working with an architect who provides a blueprint of the house they want to build.
- In the same way, wireframes help understand how pixels on a screen will be organized.
- PMs should learn how to sketch and utilize wireframing tools like Balsamiq to create conceptual frameworks for their products.
- This skill is essential for PMs and can be learned through available resources.
Comparison of Mission, Strategy, and Product of Two Dating Apps
- Different companies can have similar products but different missions, strategies, roadmaps, and goals.
- An example is comparing the dating apps Tinder and Hinge.
- Tinder's mission is to make single life more fun, while Hinge's mission is designed to be deleted, as their focus is on helping people build long-term relationships.
- Their company strategies and customer acquisition models are different as well.
- Tinder uses influencer and event-based marketing, while Hinge relies on television ads.
- In terms of product strategy, Tinder is swipe-based and designed for fast matches, while Hinge focuses on creating more tools for profiles and sparking deeper conversations.
- Despite these differences, both companies measure success based on meaningful conversations.
Tinder's Philosophy and Monetization Model
- Tinder's product philosophy is to encourage people to get to know each other and chat, rather than simply being a search engine for people.
- Unlike its competitors, Tinder has resisted introducing filters for occupation, income, religion, height, smoking preference, etc.
- This keeps the product lightweight and serendipitous, offering users a chance to meet people they wouldn't have found otherwise.
- Additionally, Tinder's monetization model has two parts: subscriptions and a la carte products like Super Like, which allows users to target the people they want to match with.
- A small but significant percentage of users spend a lot on the platform, with Tinder Gold being the most popular subscription.
Tinder's Boost Product and the Power of User Psychology
- Tinder's Boost product allows your profile to show up more often in the feed, similar to Facebook boost or other boost products.
- Through a usability study, Tinder found that some users were spending hundreds of dollars a month on boost and super like because they had a more intense use case of wanting to meet someone.
- These users saw the cost of Tinder as a small investment compared to the cost of dating.
- This led to the development of Tinder Platinum and a new feature, Super Swipe, which allows you to send a first message to someone before matching.
- Talking to users can help product teams better understand their psychology and optimize for their needs.
Easily build out strategies, brainstorm with sticky notes, and receive feedback from colleagues, all in one place with Miro's ready-made templates.
- Miro is an online visual whiteboard that's tailored for team use, providing an efficient space to collaborate and capture ideas.
- Users can build out strategies, brainstorm with sticky notes, and receive feedback from colleagues quickly and easily.
- The tool has ready-made templates that help you go from discovery and research to product roadmaps to final mocks.
- By starting with an end destination, rather than a goal, users can develop a clear set of principles to drive their roadmap towards success.
- With Miro, teams can iterate quickly and efficiently, making it an ideal tool for project management.
Prioritizing Strategy over Goals in Product Roadmapping
- Strategy should come before goals when building a product roadmap.
- A solid strategy will include quantifiable elements that can be used to set and prioritize goals.
- When setting goals, it's important to focus on outcomes over outputs to ensure that the team is working towards generating valuable outcomes for the business, but it's not necessary to commit to specific outcomes if it's uncertain how to achieve them.
- Product teams should prioritize and measure progress based on the strategic and conceptual understanding of where they want to go to generate a long-term and continuous relationship with the user.
Breaking Down the Frontier of Understanding to Drive Outcomes
- The ultimate goal is to drive outcomes, but there are things that need to be understood before setting a plan to achieve those outcomes.
- This understanding is called the frontier of understanding, which includes four types of goals: understanding risk, dependency risk, execution risk, and strategic risk.
- Understanding risk involves not knowing how to move a metric, so the goal should focus on increasing understanding.
- After that, the goal could shift to execution, which involves having the resources to execute experiments towards achieving the outcome.
- The ultimate frontier is strategic risk, where the goal is to test a hypothesis and see if it is correct or not.
- It's important to break down the journey towards achieving a goal and spend time understanding before setting a plan to avoid wasting resources.
The Importance of Understanding Missed Business Goals and Focusing on Learning and Personal Development
- To achieve business goals, it's important to understand why goals may be missed sometimes.
- The key is to have a clear understanding of the process and execute flawlessly.
- Instead of just focusing on outcome-based goals, it's essential to focus on learning and understanding why goals were missed.
- It's also important for product managers to have a clear understanding of their competencies and work on areas of improvement.
- The product rotational program, as implemented by Tripadvisor, is a great way to help individuals gain exposure to different areas of product management and hone their skills.
- A focus on learning and personal development can help product managers and their teams achieve desired outcomes.
The 12 Competencies that Make an Effective Senior Product Manager
- Product management involves 12 competencies divided into four areas: product execution, customer insight, product strategy, and leadership.
- It's essential to define what product management is and how to identify and grow the skills needed to become an effective senior product manager.
- The first area, product execution, includes functional specification, product delivery, and product quality.
- The second area, customer insight, involves fluency with data, voice of the customer, and user experience design.
- The third area, product strategy, includes owning business outcomes, product vision and road mapping, and strategic impact.
- The last area, leadership, is vital for success as a product manager.
- Regardless of the level of experience, these competencies are equally important and the foundation of successful product management.
- Product management involves three key competencies: stakeholder inclusion, team leadership, and managing up to gain support from leadership.
- These skills help product managers rally their team, develop direct reports, and gain support from higher-ups.
- To evaluate their own skills, product managers can use a downloadable tool kit from ravi-mehta.
- com, which includes a framework for assessing competencies and identifying areas for growth.
- Using this framework for feedback can lead to compounding returns as product managers improve their underlying behaviors and diagnose their own performance effectively.
How to Get Feedback from Your Manager and Lead Effectively
- If your manager isn't giving you feedback, there are a few ways you can get it.
- One way is to ask them to evaluate you using an exercise.
- Another is to invite them to give you feedback whenever they see something that needs improvement.
- If you're moving into a leadership role, it's important to avoid micromanaging or being completely hands-off.
- Instead, find a balance by engaging at a tactical level when necessary and giving your team autonomy to move in the right direction.
- Remember to enthusiastically thank those who give you feedback, even if it's tough to hear, so that they'll want to give you more in the future.
The Pros and Cons of Micromanagement in Leadership
- Micromanagement can be effective if done in a tactical and temporary way to guide a team towards the right direction.
- Hands-off leadership may feel good in the short term, but it can lead to failure in the long term.
- Micro mismanagement, where there is no sense of control or autonomy, can cause frustration for both the leader and team.
- Two effective ways of leading are scalable leadership, where the team has autonomy, and selective micromanagement, where the leader takes away some autonomy for a brief period to set the team on the right track.
- The goal is to replace active guidance with a framework that the team understands to make informed decisions aligned with the leader's vision.
- Successful product leadership requires alignment with the manager and their confidence in the team's ability.
Using AI to Enhance Coaching
- AI can be used to amplify coaches and make them more efficient and effective in their work.
- Outpace is using AI to provide tailored feedback to participants in their coaching program by using text content to prompt OpenAI to give suggestions to the coach.
- The suggestions can simulate different styles of leadership, from action-oriented to sympathetic to informative.
- This is not about replacing people with AI but using it to provide a starting point for coaches to be even better.
- This advancement has come much sooner than expected and will likely continue to change the future of coaching and workplace professionals in exciting ways.
Ravi Mehta Shares His Favorite Podcast, TV Show, and Interview Question, Along with Top SaaS Product Recommendations
- Ravi Mehta, a product executive, shares his favorite podcast and TV show, as well as his go-to interview question and SaaS products.
- He recommends asking interviewees about the product they love as it can reveal their product sense and values.
- Mehta also suggests asking a potential coach about the client they're most proud of helping to gain insight into their values and approach.
- His favorite podcast is The Ezra Klein Show for its diverse topics and contrarian points of view, and his favorite TV show is Andor for its interesting reflection on the future.
- Mehta also recommends Airtable, Webflow, Superhuman, Descript, and Balsamiq as top SaaS products.
Understanding a Coach's Values and Approach for Successful Coaching
- Ravi Mehta, founder of Outpace, emphasizes the importance of understanding a coach's values and approach before engaging in a coaching relationship.
- By exploring where a coach's pride comes from and examining how they engage with clients, individuals can determine if a coach's style aligns with their goals and expectations.
- Outpace offers free resources and a Q&A service to help individuals experience coaching and connect with coaches.
- By visiting outpace.co and following Ravi on LinkedIn, individuals can access these resources and engage with the coaching community.
You’ve successfully subscribed to Podcast Disclosed
Welcome back! You’ve successfully signed in.
Great! You’ve successfully signed up.
Success! Your email is updated.
Your link has expired
Success! Check your email for magic link to sign-in.