Boiling Frog Symbol
The boiling frog story is generally offered as a metaphor cautioning people to be aware of even gradual change lest they suffer eventual undesirable consequences. It may be invoked in support of a slippery slope argument as a caution against
Reversible and Irreversible Decisions (One-Way or Two-Way-Doors Decisions)
For a reversible decision (aka two-way-door decision), if it were not good you can change it. However, a irreversible decision (aka one-way-door decision) is very expensive, difficult or even impossible to be changed or reversed. --Source: How Smart And Successful
Plus One Minus Two Rule
Whenever you introduce something new (e.g. a new product, service offer, process, KPI, etc.) take out two existing, similar ones. It´s like following a health diet and working out at the same time. Careful not becoming too lean at a
Experiment, Feature, Platform
"There are three types of product development: Experiments, Features, and Platforms. Each have their own goal and optimal way to trade-off speed and quality. How it’s useful By recognizing the type of product development your project is, you will define
Feedback Loops
"Cause and effect in products are the result of systems connected by positive and negative feedback loops. How it’s useful Feedback loops help us remember that some of the biggest drivers of growth or decline for a product may be
Solve the Whole Customer Experience
"Customer experiences don’t end at the interface. What happens before and after using the product are just as important to design for. How it’s useful When designing a product, we tend to over focus on the in-product experience (e.g. the
Confidence determines Speed vs. Quality
"The confidence you have in i) the importance of the problem your solving, and ii) the correctness of the solution you’re building, should determine how much you’re willing to trade off speed and quality in a product build. How it’s
Time Horizon
"Related to the Time Value of Shipping, the right investment decision changes based on the time period you are optimizing for. "Choosing to ask “How can we create the most impact in the next 3 months?” or “How can we
Time Value Of Shipping
"Product shipped earlier is worth more to customers than product shipped at a later time. "" Source: Product Management Mental Models for Everyone
Return On Investment
"A finance concept: for every dollar you invest, how much are you getting back? In product, think of the resources you have (time, money, people) as what you’re “investing”, and the return as impact to customers. "The resources available to