Startup : Product Development is all about mindset
Planning start-up? Your team needs to have specific mindset.
Q: What is product mindset?
Strategic Thinking :
In very simplistic way, It’s mindset that can help you to identify the shape of the future for your products or services. With customer needs changing over period of time, it’s very difficult to think the exact details of the future.
Strategic thinking helps you to focus on your big goal. Creation of compelling vision is an integral part of product manager & mindset
Indicators to identify individuals with Strategic Thinking Mindset in your organization
- Ability to define outcome based programs
- Ability to create thought leadership in your business domain
Systemic Thinking or Holistic thinking:
Systemic thinking is all about converting the information to Wisdom. This is also a mindset of converting data into actionable insights. It helps product managers to think of the problem and its solution as in whole.
As a product manager, holistic thinking helps to
- identify new business opportunities around your core product or services
- create multiple pillars of revenue
- prioritize to maximize the benefit to the customers
Indicators to identify people with Systemic Thinking Mindset in your organization:
- ability to identify next trend in your market domain
- ability to draw conclusion from minimum information
- ability develop pivotal strategy, which in turn helps to identify and curate byproduct to get tailored with core product or create core product altogether.
Problem Solving :
People say, problem solving is an attitude. I call it as a mindset and its core skill for any product manager.
A journey of product manager starts with a puzzle to solve. They understand the big picture and all the complexity on how to fit a piece of puzzle and where to fit. During the process, one should know when to call for help. As you can imagine it requires them to use both left brain & right brain.
Utilizing your network is an integral part of problem solving. It helps you to identify right set of people, process or technology to solve the problem
Indicators to identify individuals with Problem Solving Mindset in your organization. Someone who is able to:
- identify & prioritize the problem
- break down the problem in small & solvable chunks
- Collaborate : Know when to push for SOS
Tip: You shouldn’t re-invent the wheel
Entrepreneurship:
It’s a broader topic and a subject itself . In brief, Entrepreneurship is a mindset to focus on execution & seek feedback to optimize the execution.
It helps you to identify opportunities and align people, create process & use technologies to achieve business goal.
Indicators to identify people with Entrepreneurship Mindset in your organization. Individuals with ability to :
- execute complex programs without loosing details
- take risk & keep their head high in Success & Failure
- celebrate Success & Failure equally
- believe in people, process & technology
Bonus Question : Why should you worry about developing product mindset in your organization ?
It helps to :
- Serve your customers more efficiently
- Solve complex problems with less time & resources
- Reduce waste in the system, become lean
- Create unique positioning in the marketplace
- Grow organization organically
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Written by : https://www.linkedin.com/in/shivanandmallik/
