Lenny's Podcast: Product | Growth | Career cover image

Shreyas Doshi on pre-mortems, the LNO framework, the three levels of product work, why most execution problems are strategy problems, and ROI vs. opportunity cost thinking

Lenny's Podcast: Product | Growth | Career

CHAPTER

The Power of Opportunity Cost in Product Management

This chapter delves into the essential mindset shift required for effective prioritization in high-stakes roles like product management. It emphasizes the significance of minimizing opportunity costs and selecting high-impact opportunities over easily quantified tasks, highlighting how this approach fosters transformational projects. Through personal experiences, the discussion underscores the importance of 'high agency' in product managers, encouraging ownership and resilience in navigating challenges.

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