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Showing ideas from: Lenny's Podcast: Product | Career | Growth (Lenny Rachitsky)
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Impact Estimation Methodology
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Lenny's Podcast: Product | Career | Growth
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The one question that saves product careers | Matt LeMay
The Impact Estimation Methodology provides a structured approach for product teams to evaluate the potential impact of their initiatives based on their alignment with company goals. This involves estimating the maximum potential impact in terms of user growth or revenue for each proposed project, allowing teams to prioritize their work effectively. By focusing on quantifiable metrics that link back to overarching business objectives, product managers can make informed decisions on where to allocate resources, ensuring that their efforts contribute to the company's success. This methodology encourages teams to have clarity on their goals and the expected outcomes of their work, ultimately leading to more impactful product development.
Radical Acceptance in Product Management
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Lenny's Podcast: Product | Career | Growth
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The one question that saves product careers | Matt LeMay
Radical Acceptance in Product Management encourages product teams to embrace the realities and constraints of their business environment as opportunities rather than limitations. This mindset shift allows teams to focus on what they can control and influence, fostering a more proactive and positive approach to their work. By understanding that external factors will impact their success, product managers can prioritize their efforts on high-impact initiatives that align with business goals. This concept can be implemented through regular team discussions and reflections on how to adapt to changing circumstances, ultimately leading to a healthier and more resilient product management practice.
Impact-First Goal Setting Framework
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Lenny's Podcast: Product | Career | Growth
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The one question that saves product careers | Matt LeMay
The Impact-First Goal Setting Framework emphasizes the importance of aligning team goals with company objectives. This method encourages product teams to set goals that are no more than one step away from the company's primary goals, making their contributions clear and measurable. By doing so, teams can ensure that their work directly impacts the company's success, reducing the risk of being seen as low-impact teams. Implementing this framework involves regularly revisiting and adjusting team goals to maintain alignment with the company's evolving objectives, thus fostering a culture of accountability and relevance. Tools like OKRs (Objectives and Key Results) can be utilized to facilitate this alignment, ensuring that everyone understands their role in contributing to the company's success.
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