Metrics That Matter: Bridging User Needs and Board Priorities for Business Success by Pendo CPO
Dec 7, 2023
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Trisha Price, Pendo CPO, discusses the art of translating user needs into board priorities and the game-changing role of AI in product management. Topics include metrics for success, understanding target audience and desired outcomes, understanding user interactions and data-driven outcomes, and exploring the use of AI in product management and strategies to drive ROI.
Focusing on outcomes and solving real customer pain is crucial for product success.
Measuring leading indicators and empathizing with users are key to achieving desired outcomes.
Deep dives
Focusing on outcomes to drive business success
The podcast episode emphasizes the importance of focusing on outcomes rather than outputs to achieve a return on investment. It uses the examples of Google Glass and Roomba to illustrate how products that focus on outcomes and solve real customer pain are more likely to succeed. The episode also discusses the importance of starting with a clear business case, understanding target audiences, and setting specific desired outcomes to drive value.
Measuring leading indicators for success
The episode highlights the significance of measuring leading indicators to track progress and ensure desired outcomes are being achieved. It suggests focusing on metrics such as increased user adoption, user frequency, and value derived from the product. The importance of empathizing with users and understanding their interactions and pain points is also emphasized.
Utilizing AI for product success
The episode touches on the role of artificial intelligence (AI) in product management. It suggests incorporating AI into product features to gain valuable insights from data, such as summarizing NPS verbatims and automating workflows. The episode also encourages using AI tools for improving productivity and saving time, allowing product managers to focus on delivering value and prioritizing business cases.
In this episode, Pendo CPO, Trisha Price, unveils the art of translating user needs into board priorities. Dive into the metrics that spell success and explore strategies for impactful ROI. Plus, discover the game-changing role of AI in product management. It's time to elevate your metrics and drive real business outcomes!
Get the FREE Product Book and check out our curated list of Product Management resources here.
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