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Michelle Harper
Michelle Harper
Problem Solving ProductManagement
Problem Solving ProductManagement
Agenda
The Challenge
Stakeholders
Tools: SWOT Analysis BCG Matrix
Timeline
The Challenge
Avoid being hi-jacked by short term opportunities and incremental development
$Achieve Revenue Target
Develop Long term Portfolio Strategy
Balance short term profit and long term value
Leads the product management process by providing vision, product and market strategies and team leadership in conjunction with company goals and mission.
Involved in all stages of a product family’s lifecycle
Director of Product
Management
Seeks new market opportunities by leveraging the company’s distinctive competence
Stakeholders ROADMAPC-Level, VP (Vision, Business Objectives)
Technical/Implementation Support
Platform Engineering & Deliverability (Tools, Data, and Performance)
Product Owners (Feedback, Priorities)
Sales (Feedback, CI)
Customers (Feedback, CI)
Channel & Strategic Alliances (Integrate partner solutions)
Marketing (Surveys, Trade shows, Competitors)
KeyQuestions
What are theRevenue and profit
expectations foreach product line?
What is theMarket
penetration?
What are the top3 most critical
challengesthe company willface this year?
Are new marketsor new productsbeing considered
for the future?
What strategicpartnerships existor on the horizon?
What resourcechanges areexpected?
The BCG Matrix
A means of analysing the product portfolio and informing decision making about possible marketing strategies
Developed by the Boston Consulting Group – a business strategy and marketing consultancy in 1968
Links growth rate, market share and cash flow
Product Life Cycles and the BCG Matrix
The BCG Matrix
Classifies Products into four simple categories:
Stars
Cash Cows
Dogs
Question Mark
The BCG Matrix
Stars Products in markets experiencing high growth rates with a high or increasing share of the market
-Potential for high revenue growth
CoPilot Scale it
Cash Cows: High market share Low growth markets –
maturity stage of PLC Low cost support High cash revenue –
positive cash flows
The BCG Matrix
Dogs: Products in a low growth
market Have low or declining
market share (decline stage of PLC)
Associated with negative cash flow
May require large sums of money to support
The BCG Matrix
Question Mark: Products having a low
market share in a high growth market.
Need money spent to develop them.
May produce negative cash flow
Potential for the future?
The BCG Matrix
Questions to consider Are they worth persevering with? How much are they costing? Could they be revived in some
way? How much would it cost to
continue to support such products?
How much would it cost to remove from the market?
The BCG Matrix
Dogs:
Question Marks: What are the chances of these
products securing a hold in the market?
How much will it cost to promote them to a stronger position?
Is it worth it?
The BCG Matrix
Stars: Huge potential May have been expensive to
develop Worth spending money to
promote Consider the extent of their
product life cycle in decision making
The BCG Matrix
Cash Cows: Cheap to promote Generate large amounts of cash –
use for further R&D? Costs of developing and promoting
have largely gone Need to monitor their performance
– the long term?
At the maturity stage of the PLC?
The BCG Matrix
1st 30 daysObjective: Understand the products. the market, and the company culture
Intro to leaders, team, goals & strategic objectives. Market trends & opportunities
Strategic partners Revenue & profitability targets
Pricing model(s) Establish regular meetings w/stakeholders
Sales or channel strategy Marketing & advertising focus
2nd 30 daysObjective: Take Ownership
Contribute thoughts/ideas on how to streamline partners and programs.
Shadow sales calls Review marketing and sales materials Begin to write strategy materials (ie., product strategy,
product positioning, competitive overview docs) Continue to build relationships
3rd 30 daysObjective: Product Leadership
Become a servant leader to teammates. Finalize product management and VOC frameworks. Finalize product growth plan and strategic road map for all
products Meet with leadership team for input and approval. Communicate strategy to organization.