In The Trenches

Building and Managing a World Class Product Management Discipline

Aug 19, 2021
Rich Mironov, a Product Management thought leader with 40 years in the software industry, shares invaluable insights on building a world-class product management discipline. He discusses the critical role of effective hiring practices for product leaders and emphasizes the importance of aligning sales with product management. Rich also navigates product roadmapping, balancing immediate needs with long-term vision, and the strategic decision-making between building in-house solutions versus purchasing from vendors. His experience offers vital lessons to technology companies striving for success.
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INSIGHT

Development Team Limits

  • Development teams can never be big enough to fulfill all customer and executive demands.
  • Ruthless prioritization is crucial since most requests won't be met.
INSIGHT

Profit Comes from Volume

  • Profit in software products comes from the nth customer, not the first.
  • Repeatable, uniform product delivery is critical for profitability, avoiding bespoke solutions.
ADVICE

Manage Sales 'Just One Thing'

  • Always scrutinize sales requests for product changes, especially "just one little thing" near closing.
  • Demand engineering product input and avoid roadmap erosion by unchecked sales demands.
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