"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 from other
"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 more appropriate
"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 user interface,
"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 useful This
"Product shipped earlier is worth more to customers than product shipped at a later time. "" Source: Product Management Mental Models for Everyone
"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 create the
"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 a product
"The problem hypothesis is a way to think about the viability of your product in a concrete, testable way. It works by reframing your idea for a product as a very specific problem. Say you’ve built a website that lets people order